Updates from GST Notification No. 12/2018-Central Tax, dated 7 March 2018 | New Delhi, India : A. Form Tran 2 to be submitted by March 31, 2018 The Government vide this Notification has also provided that Form TRAN-2 has to be submitted by 31 March 2018, or within such period as extended by the Commissioner, for each of the six tax...
Category: Process Enhancements & Compliance
Are you Paying Rent above Rs 50,000 per month ? : You Need To Deduct TDS and deposit it with Income tax
Critical Income Tax Update | New Delhi, India : If you are paying a monthly rent over Rs 50,000, you need to deduct tax from the rent that you pay to your landlord, said the Income Tax Department on its official Twitter account @IncomeTaxIndia. You should deposit the deducted amount in a government account, it...