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Dealer in whose account payment wrongly deposited to apply online for correction & submit reason & request by affected dealer to him. DVAT Circular of 9-3-15.

Press release

Tax Offenders Get One Mth to Pay Lower Penalty

Defaulters can pay 15% of penalty if they pay tax due within 30 days of finance bill coming into effect Budget 2015-16 provides a small one-time window of opportunity to indirect tax offenders to pay a smaller than legally prescribed penalty, as part of the government's plan to bring down litigations and settle outstanding cases.The provision allows offenders to pay 15% of penalty if they pay tax due within 30 days of the finance bill coming into effect after it receives presidential assent."This will help bring down litigation," said a government official.The measure will not just help reduce the number of ongoing court cases but also help the government collect requisite taxes. At the end of 2013-14, `. 92,800 crore was locked up in indirect tax litigation, a third of which was less than two years old and had a good chance of being settled.The finance bill includes a provision to offer an opportunity to tax offenders who were issued show cause notices in the past to com…

Advance Tax

Advance tax instalment due on 15th March 2015
अगर आपका advance tax देना बनता है तो 15th march 2015 से पहले जमा कराएं और अतिरिक्त ब्याज के भार से बचें।CA N K GOEL
CA YASHU GOEL
N.K. GOEL AND BROS

Sukanya Samriddhi Account: 10 Things to Know - Link shared via NDTV.com

Sukanya Samriddhi Account: 10 Things to Know

Prime Minister Narendra Modi in January this year launched a small deposit scheme for the girl child, as part of the &ampamp#039Beti Bachao Beti Padhao&ampamp#039 campaign. This scheme is specially designed for girls higher education or marriage needs.

Read more at: http://profit.ndtv.com/news/your-money/article-sukanya-samriddhi-account-10-things-to-know-736468

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Message from CA YASHU GOEL :


Investments under Sukanya Samriddhi give you tax benefit under Section 80C of the Income Tax Act.
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