Information

Browse Categories
The Income Tax Department Will Share ITR Data With GST For Tax Evasion
Blog
Kavit Vijay

The Income Tax Will Share ITR Data With GST For Tax Evasion

Handshake Between The Income Tax Department And GST Will Benefit The Economy India is a growing economy and one of the fastest developing nations in the world; nevertheless, tax evasion in the country is cutting the economy like a hot knife through the butter. Although India is deemed to be the fastest growing economy with an enhanced military might, there is a stark difference in the standard of living among its citizens. This disparity is partly due to a vast number of tax-payers not contributing or evading tax. This idea of one nation- one tax is strengthened with the Central

Read More »
10 new Features on GST Portal you must know
Goods and Service Tax
Sachin Jindal

10 new Features on GST Portal you must know

Goods and Service Tax Network (“GSTN”) keeps listing new features on GST portal (www.gst.gov.in) to streamline task for taxpayer and also to improvise compliance. GSTN has listed various new updates on GST portal in last 6 months such as: Listing of option to file annual return in GSTR-9 & GSTR-9A, Comparison of outward supply between GTSR-3B & GTSR-1 etc. To complete compliance smoothly, it is important for the user to get informed about such updates so that he can use such online facility and don’t involve himself into cumbersome manual process. Foremost new features listed on GST portal are as

Read More »
Salaries component for PF Contribution
Blog
Kavit Vijay

All Allowances paid as part of salary are subjected to PF contribution

Provident Fund has been one of the foremost drivers of pooling retail savings in India. Every Indian salaried employee is aware of ‘Provident Fund contributions which are deducted from the monthly earnings. There has been a long standing dispute on the salary components which are subject to contribution.  The Supreme Court, vide judgement dated 28 February 2019 in the case of Surya Roshni Ltd. v. Employees’ Provident Fund and Anr [2011 (2) MPLJ 601] held that allowances forming part of salary are subject to PF contribution. With this judgement, it is now a settled position of law that allowances paid

Read More »



Want to talk to us

Leave your Name, email, Phone number along with what you are looking for in message box or you can call us at 011-41715118

V J M & Associates LLP

Contact Us

Join The Club!

Join the list of 200000 entrepreneur

Lets informed

X