tag:blogger.com,1999:blog-49530481635862432702026-07-24T11:25:20.237+05:30Answers to Questions frequently asked by my clients on Income-tax, Value Added Tax, Service tax, Property Laws, Hindu Laws, Accounting, Auditing, etc.CA Kamal Gangaramanihttp://www.blogger.com/profile/15287068186403425331noreply@blogger.comBlogger151125tag:blogger.com,1999:blog-4953048163586243270.post-73998475799276015172019-04-02T17:13:00.004+05:302021-05-29T17:26:37.796+05:30

List of State Code used in GSTIN Structure:Following is list of State Code shown in first two digit in 15 Character GSTIN   STATE NAME STATE CODE JAMMU AND KASHMIR 1 HIMACHAL PRADESH 2 PUNJAB 3 CHANDIGARH 4 UTTARAKHAND 5 HARYANA 6 DELHI

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Understanding meaning and structure of GSTIN number    GSTIN is acronym of  Goods and Service Tax Identification Number issued to all persons registered under Goods and Service Tax Act, 2017 and its allied Act. It is PAN (Permanent Account Number) based unique identification number allotted to every persons registered under GST Acts.    It is a 15

CA Kamal Gangaramanihttp://www.blogger.com/profile/15287068186403425331noreply@blogger.comMumbai, Maharashtra, India19.0759837 72.8776559-30.990647050503593 2.5651558999999935 69.142614450503586 143.19015589999998tag:blogger.com,1999:blog-4953048163586243270.post-3915854310586178432015-12-24T15:37:00.002+05:302015-12-24T15:37:29.106+05:30

List of Gazetted Holidays in Maharashtra The Maharashtra Government has declared 20 days as Public Holidays for 2016. In addition to this 4 holidays fall on Sunday. 1st April, 2016 (Tuesday) be Bank Holiday to enable banks to close accounts. The holidays are declared as Public Holidays u/s. 25 of Negotiable Instrument Act 1881 Notification No.,PHD-1115/216/C.R. 229/XXIX,

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On account of State Assembly election in State of Maharashtara; Maharashtra Government has vide notification no. PHD/1114/CR-343/2014/XXIX declared 7th October, 2014 as Public Holiday/Holiday under Section 25 of Negotiable Instrument Act,  in State of Maharashtara being Polling Day.

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List of Gazetted Holidays in Maharashtra The Maharashtra Government has declared 22 days as Public Holidays for 2014. In addition to this 2 holidays fall on Sunday. 1st April, 2014 (Tuesday) be Bank Holiday. The holidays are declared as Public Holidays u/s. 25 of Negotiable Instrument Act 1881 Notification No.,PHD-1113/C.R. 299/2013/XXIX, Government of Maharashtra, dt/ 28th November,

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MH is common for all vehicles registered in Maharashtra. All Vehicle Number Plates for Vehicle registered in Maharashtra start with MH. The two digit are for RTO (Regional Transport Office) in which the vehicle is Registered. MH-01 Mumbai (South) - RTO is located in Tardeo MH-02 Mumbai (West) - RTO is located in Andheri MH-03

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The Maharashtra Government has declared 18 days as Public Holidays for 2013. In addition to this 6 holidays fall on Sunday. 1st April, 2013 (Monday) & 30th September 2013 (Monday) shall be Bank Holidays. The holidays are declared as Public Holidays u/s. 25 of Negotiable Instrument Act 1881 Notification No.,PHD-I I12/C.R185/2012/XX, Government of Maharashtra, dt/ 5th

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Understanding meaning and structure of PAN number PAN is a 10 digit alpha numeric number, alloted by Income tax department; where the first 5 characters are letters, the next 4 numbers and the last one a letter again. These 10 characters can be divided in five parts as can be seen below. The meaning of each number has been explained further. 1. First three characters are alphabetic series

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for Details of 10 Years National Saving Scheme, NSC (IX-Issue) introduced with effect from 1-12-2011 New Page 1 for Revised interest rate and maturity value of National Saving Certificate issued after 1st December, 2011 Revision in Interest Rates of Post Office Small Savings Schemes w.e.f 1st April 2012 Postal department has issued an order revising rate of interest on various

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[TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3,  SUB -SECTION (i)]   Government of India Ministry of Finance Department of Revenue   Notification No.12/2012-Service Tax New Delhi, the 17th March 2012                 G.S.R.    (E).-&

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Income tax to be deducted (TDS-With-holding tax) on payment to Non Residents for Financial Year (F.Y.) 2012-13 i.e. Assessment Year (A.Y.) 2013-14 Payment to Non Resident Indian Nature Of Payment (A) on any investment income 20 per cent; (B) on income by way of long-term capital gains referred to in section 115E 10 per cent;

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Declared Services as per new Negative List Approach of tax on Services under Service Tax. (Section 66E) 66E. The following shall constitute declared services, namely:–– (a) renting of immovable property; (b) construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a

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Negative List of Service Tax Finance Bill 2012 has proposed a complete changes is scheme of levy of Service. As per present scheme service tax is levied on only this service which are listed in service tax law. At present there are as many as 119 service. These services are called taxable service and tax is leviable only on this taxable service and not on any other services. Thus all other

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see for Income tax Slab Rates for Assessment Year (A.Y.) 2012-13 i.e. Financial Year (F.Y.) 2011-12  New Page 1 Income tax Slab Rates for Assessment Year (A.Y.) 2013-14 i.e. Financial Year (F.Y.) 2012-13 1. For Individual (other then Individuals being resident of India and above 65 years of age), Hindu undivided family or association of persons or body of individuals, whether

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Finance Bill 2012 proposes to introduce new deduction in respect of interest received on deposits in saving account. Deduction under new section 80TTA will be available to Individual and HUF only Maximum Deduction will be Rs.10,000/- Deduction will be allowed on deposits in saving account (not time/fixed term deposits) with Banks, Co-operative Society engaged in carrying on the business of

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Income Tax Deduction at Source (TDS) on transfer of certain immovable properties other than agricultural land. Finance Bill 2012 has proposed to introduce new section 194LAA for TDS on transfer of certain immovable properties other than agricultural land on and after 1st October 2012. On transfer of immovable property by a non-resident, tax is required to be deducted at source by the

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related topic Tax Saving Deduction u/s. 80CCF on Income Tax Deduction u/s.80C of Income Tax Act is available in respect of or payments made for life insurance premium, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc. Persons to whom deduction is allowed : Individuals & Hindu undivided Family Only (HUF), other class of

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Form/Annexure C, D, G, H, I to be filed along with MVAT Return. Form/Annexure C Form/Annexure D  Form/Annexure G Form/Annexure H Form/Annexure I

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  see Annual Statement/Details to be filed under MVAT by non-audit dealer see Form/Annexure C, D,G, H, I  This circular is for dealers who are not required to submit VAT Audit report. Hence extended date of filing VAT return may not be applicable to dealers required to submit VAT Audit Report. TRADE CIRCULAR Date: 27.02.2012 No.VAT /AMD-2011/lB/Adm-6

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For Assessment Year 2012-13, Central Government has extended the scheme to exempted Individual Assesses from filing Income Tax Return u/s.139(1) of the Income-tax Act; subject to following conditions: Applicable to Individuals only.  Total income does not exceed Rs.5 lakh, Total Income consists only a) Income form Salary and b)Interest for Saving bank account  not exceeding Rs.

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The Goa government has declared 3-3-2012 as a holiday as it is polling day for the general elections to the Goa legislative assembly. (03-03-2012) Notification No. 2/2/2010-GAD-III In exercise of the powers conferred by the explanation to Section 25 of the Negotiable Instru­ments Act, 1881 (Act 26 of 1881) read with Section 135B of the Representation of the People Act, 1951 (Central Act 43

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Notification specifies Class of Employers whether registered or not registered under MVAT Act who are required to deduct tax while making payment to contractors toward works contract executed by them. Notification also gives rate of tax to be deducted. No deduction shall be made where the amount or the aggregate of the amounts payable to a dealer by such employer is less than rupees 5 lakh

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Notification for TDS On MVAT Section 31 of Maharashtra Value Added Tax Act, 2002 (MVAT, 2002) lays provision for Deduction of Tax At Source (TDS under MVAT) on payments made for transaction covered under MVAT Act. u/s.31(1) Commissioner is empowered to issue notification requiring dealers (registered or not registered) or any person to deduction tax or such amount of tax as

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On account of Municipal election in Mumbai; Maharashtra Government has vide notification no. MIS/2012/CR-47/2012/XXIX declared 16th February, 2012 as Public Holiday/Holiday under Section 25 of Negotiable Instrument Act,  in Mumbai. 16-2-2012

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Form 704 Annexure J2, first and last page Similar form J2 may be required to be filed by non audit dealers see Annual Statement/Details to be filed under MVAT by non-audit dealer e 704 annexure j2

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