Guide to Taxation and Legal Concern |Simplified Laws http://www.simplifiedlaws.com Simplified Laws is not just about tax Laws. but about ‘Laws of Life’. Thu, 12 Jan 2017 17:55:22 +0000 en-US hourly 1 GST enrollment open to Service Tax Payershttp://www.simplifiedlaws.com/gst-enrollment-open-to-service-tax-payers/ http://www.simplifiedlaws.com/gst-enrollment-open-to-service-tax-payers/#comments Fri, 06 Jan 2017 15:52:49 +0000 http://www.simplifiedlaws.com/?p=6929 Attention !! Service Tax Payers!! Have you updated your Mobile Number and E-mail ID on aces.gov.in? Did you know that the provisional ID for registration in GST Network and the related OTPs(One Time Password) will be sent to the Mobile Number and E-mail ID registered on aces.gov.in  It is important that you update both – ...

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Furnishing Statement of Financial Transactions and statement of non-PAN transactionshttp://www.simplifiedlaws.com/furnishing-statement-of-financial-transactions-and-statement-of-non-pan-transactions/ http://www.simplifiedlaws.com/furnishing-statement-of-financial-transactions-and-statement-of-non-pan-transactions/#comments Fri, 06 Jan 2017 03:39:32 +0000 http://www.simplifiedlaws.com/?p=6927 Income Tax department is sending email communications regarding Registration process for furnishing Statement of Specified Financial Transactions and statement of declaration of non-PAN transactions Email communication read as follows Dear Taxpayer, The facility to register in e-Filing portal is available for furnishing statements in Form 61A in addition to Form 61. Form 61A– Statement of ...

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State wise GST enrollment status as on 03-01-2017http://www.simplifiedlaws.com/latest-state-wise-status-of-gst-enrollment/ http://www.simplifiedlaws.com/latest-state-wise-status-of-gst-enrollment/#comments Tue, 03 Jan 2017 12:11:59 +0000 http://www.simplifiedlaws.com/?p=6920 You are all aware that Goods and Services Tax law is being implemented all over the country. The Karnataka commercial taxes department has made all preparations to facilitate hassle-free and smooth transition to GST for all dealers registered under VAT, Entertainment Tax and Luxuries Tax in the State. The duration for enrolment for the dealers ...

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GST Enrolment – An appeal to Karnataka VAT dealerhttp://www.simplifiedlaws.com/gst-enrolment-an-appeal-to-karnataka-vat-dealer/ http://www.simplifiedlaws.com/gst-enrolment-an-appeal-to-karnataka-vat-dealer/#comments Mon, 02 Jan 2017 00:46:00 +0000 http://www.simplifiedlaws.com/?p=6913 You are all aware that Goods and Services Tax law is being implemented all over the country. The Karnataka commercial taxes department has made all preparations to facilitate hassle-free and smooth transition to GST for all dealers registered under VAT, Entertainment Tax and Luxuries Tax in the State. The duration for enrolment for the dealers ...

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13 things you need to know about BHIM App for Digital Paymenthttp://www.simplifiedlaws.com/13-things-you-need-to-know-about-bhim-app-for-digital-payments/ http://www.simplifiedlaws.com/13-things-you-need-to-know-about-bhim-app-for-digital-payments/#comments Sat, 31 Dec 2016 01:22:30 +0000 http://www.simplifiedlaws.com/?p=6906 Prime Minister Narendra Modi on Friday launched an Aadhaar-based mobile payment application BHIM App at Digi Dhan Mela to promote and make digital transactions easier. Here are 13 things you need to know about the BHIM app for digital payment: What is BHIM: Bharat Interface for Money (BHIM) is an initiative to enable cashless payments through your mobile phone. ...

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Winding up or closure of private limited company under Companies Act, 2013http://www.simplifiedlaws.com/closure-company-under-companies-act-2013/ http://www.simplifiedlaws.com/closure-company-under-companies-act-2013/#comments Thu, 29 Dec 2016 04:10:16 +0000 http://www.simplifiedlaws.com/?p=6903 MCA has notified new rules i.e. Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 on 27th December 2016 prescribing rule for winding up or closure of private limited company under companies act 2013. Following are the few important rules of such Notified Rules. Removal of name of company from Register by ...

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Note on declaring undisclosed cash deposit under PMGKY 2016http://www.simplifiedlaws.com/note-on-declaring-undisclosed-cash-deposit-under-pmgky-2016/ http://www.simplifiedlaws.com/note-on-declaring-undisclosed-cash-deposit-under-pmgky-2016/#comments Wed, 28 Dec 2016 03:53:03 +0000 http://www.simplifiedlaws.com/?p=6897 Circular No.43 of 2016 F.No. 142/33/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated: 27th December,2016 EXPLANATORY NOTES ON PROVISIONS OF THE TAXATION AND INVESTMENT REGIME FOR PRADHAN MANTRI GARIB KALYAN YOJANA, 2016 AS CONTAINED IN CHAPTER IX-A OF THE FINANCE ACT, 2016 Introduction The Taxation ...

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Income tax notice to those who bought car after 8th Novhttp://www.simplifiedlaws.com/income-tax-notice-to-car-buyer-after-8th-nov/ http://www.simplifiedlaws.com/income-tax-notice-to-car-buyer-after-8th-nov/#comments Wed, 28 Dec 2016 03:33:34 +0000 http://www.simplifiedlaws.com/?p=6895 After a series of raids across the country following demonetisation, the Income Tax Department is now taking a close look at car sales that were made after November 8. Car dealers across the country have been asked to share details of those buyers who made purchase after Prime Minister Narendra Modi made the big demonetisation ...

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Mr. Kejriwal – Please refund my membership feehttp://www.simplifiedlaws.com/mr-kejriwal-please-refund-my-membership-fee/ http://www.simplifiedlaws.com/mr-kejriwal-please-refund-my-membership-fee/#comments Wed, 16 Nov 2016 12:20:17 +0000 http://www.simplifiedlaws.com/?p=6888 The story of human evolution is a fantastic one. While the planet we call our home is many thousands of million years old, human history is quite recent. We can confidently say that humans are the current masters of Earth; but given how recent our origin was, one begs to ask the question whether our ...

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Income tax department instructions on reporting of Cash Deposithttp://www.simplifiedlaws.com/income-tax-department-instructions-on-reporting-of-cash-deposit/ http://www.simplifiedlaws.com/income-tax-department-instructions-on-reporting-of-cash-deposit/#comments Wed, 16 Nov 2016 11:29:59 +0000 http://www.simplifiedlaws.com/?p=6883 Today CBDT issued notification requiring Banks and post office to file Statement of financial transactions covering following cash deposit on or before 31st January 2017. Cash Deposit of 2,50,000 or more in any Savings Bank Account (any account other than current account) during 9-9-2016 to 30-12-2016 Cash Deposit of Rs. 12,50,000/-  or more in any ...

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