Our Handcrafted website Taxarticle.in

Dear All, This is to inform you that we have migrated our blogging and articles to a separated domain name called https://taxarticle.in/ So you all are requested to visit that site for anything you want to explore. This news section will be active only for wholetax’s announcements.

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Composition Scheme under GST

Composition Scheme under GST About the Author: The author name is Vikas Modi who is a Chartered Accountant practicing at Jaipur (Raj.) He Can be Contacted at: Phone: 08302194987, 07597913353  Email: vikas1993modi@gmail.com     The need of composition Scheme: Compliances in the GST Law are very high which cannot be compiled by the small dealer, small … Continue reading “Composition Scheme under GST”

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Honorable Supreme Court has upheld Section 139AA of the Income Tax Act as constitutionally valid which required quoting of the Aadhaar number in applying for PAN

SUPREME COURT JUDGEMENT ON AADHAR-PAN LINKAGE 1. Honorable Supreme Court in its landmark judgment has upheld Section 139AA of the Income Tax Act as constitutionally valid which required quoting of the Aadhaar number in applying for PAN as well as for filing of income tax returns. 2. The Court also held that the “Parliament was … Continue reading “Honorable Supreme Court has upheld Section 139AA of the Income Tax Act as constitutionally valid which required quoting of the Aadhaar number in applying for PAN”

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Do not Panic: The last date to enroll under GST has been Extended from 15th of June 2017

Good News for some Late filers: The last date to enroll under GST has been Extended from 15th of June 2017. The Migration window will reopen on 25th of Jun 2017 and will remain open even after 01st of July 2017.

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List of persons not required to obtain aadhaar number to link with pan card

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 11th May, 2017 S.O. 1513 (E).— In exercise of the powers conferred by sub-section (3) of section 139AA of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that the provisions of section 139AA shall not apply to an individual who does … Continue reading “List of persons not required to obtain aadhaar number to link with pan card”

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Banks cannot refuse to accept scribbled/colored bank notes.

It has been reported that the bank  are refusing to accept the scribbled/colored/faded banknotes in wake of rumors circulating in the social media that such banknotes will not be accepted in the banking channel. The Reserve Bank, vide Press Release No. 2013-2014/1311 , urged members of public and bank officials not to write anything on banknotes as it went against the Reserve Bank’s Clean Note Policy. However, it is … Continue reading “Banks cannot refuse to accept scribbled/colored bank notes.”

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Update your aadhar before time runs!

Are you all aware that GST is going to be implemented in early July? Many of registered tax payers yet not migrated themselves in GST. The signing of documents in GST is digital whether by digital signature or aadhar OTP. We suggest getting your aadhar updated so that no mismatching will be there while migrating in GST. … Continue reading “Update your aadhar before time runs!”

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Our office remains close

We are here by inform that our office will remain close for today 01/04/2017 due to closing of financial year and preparation of final accounts. Although our chat representatives will be there for you as always.

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Significant changes by income tax law that come into effect from 1-4-2017

Significant changes by income tax law  that come into effect from 1-4-2017 – (1) Limit for payment of expenses by cash (both, capital and revenue expenditure) reduced from Rs.20000 to Rs.10000 per day in aggregate per person. Capital expenses paid in cash beyond the said limit will not be taken into account for depreciation purposes. … Continue reading “Significant changes by income tax law that come into effect from 1-4-2017”

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All PAN cards not linked to Aadhaar cards will be canceled!

You must have already heard that from this year filing of income tax returns will require you to quote your Aadhaar number. In case you don’t have the Aadhaar card and you wish to pay taxes, you have to get one now. But the Aadhaar doesn’t just stop at the income tax. The Aadhaar number … Continue reading “All PAN cards not linked to Aadhaar cards will be canceled!”

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