A R GAJUL & Associates Tax Practitioner

08/10/2019

22/09/2019

As per new recondition of GSTcouncil meeting, New return postponed to 1.4.2020, now we have to file 3B, GSRR1 hoto 31.3.2020

16/08/2019

17/05/2018

GSTR 3 B for the month April 2018 due date is 20 may 2018 after that rs 50 per day late fees

06/04/2018

Income tax updates.

Penalty on late filing of ITR
Starting from April 1, if you file your ITR post the deadline of July 31, 2018 (unless the tax department extends it), you will be liable to pay a maximum penalty of Rs 10,000.

As per the new law, a penalty of Rs 5,000 will be levied if the return is filed after the due date but before December 31 of that year and Rs 10,000 post December 31. However, as relief to small taxpayers, if your income is not more than Rs 5 lakh, the maximum penalty levied will be Rs 1,000.

Reduction in the time limit to revise your ITR
Apart from penalty on late filing of ITR, if you make a mistake while filing for FY2017-18, then you would have time till 31 March, 2019 to file your revised return.

Earlier a taxpayer was allowed to revise his returns up till two years from the end of the financial year for which the return was filed. However, from now on, he will be allowed to revise his return only up till one year from the end of the financial year.

Therefore, for the financial year ending on 31 March, 2018, a person will have time till 31 March, 2019 to revise his ITR. The normal deadline for filing return for FY17-18 would be July 31, 2018.

02/04/2018

नवीन आर्थिक वर्ष सुरु झाले . मार्च एंडिंगची धावपळ होती .सगळे हिशेब पूर्ण करायचे होते . अनेक खाती बंद केली, सुरु केली , काही पूर्ववत केली .सगळी धावपळ रात्रीच संपली .
मग उशिरा अगदी शांतपणे बसून आणखी एक बॅलन्स शीट तयार करायची इच्छा झाली . ही बॅलन्स शीट होती, आयुष्याची . बराच वेळ हिशेब लावण्याचा प्रयत्न केला तर, असं लक्षात आलं की, प्रेम, स्नेह, माया, आत्मीयता, जिव्हाळा, कर्तव्य निष्ठा, बंधुभाव ही सगळी खातीच गायब आहेत. शिवाय जी शिल्लक आहेत, त्या खात्यांवर बरयाच दिवसांत काही व्यवहारच झालेला नाही .
स्वतःलाच विचारून पाहिलं, इतक्या वर्षात या खात्यांकडे का बरं दुर्लक्ष झालं असेल ? कुठला भ्रम होता, कसला अहंकार ? आयुष्य धावपळीचं झालंय हे खरंच. पण निदान ही खाती सुरु ठेवण्या इतका तरी वेळ काढायला हवाच होता ना. बँकेत जसं एखादया अकाउंटवर काहीच व्यवहार झाले नाहीत, तर बंद करतात, तसं तर आपल्या आयुष्यात होणार नाही ना.....!
मंडळी अजूनही वेळ गेलेली नाही , विसरून गेलेली , व्यवहार न झालेली ही प्रेमाची खातीही सुरु करु या. पुढच्या वर्षापर्यंत आपले बॅलन्स शीट किती सुंदर झाले असेल ते पहावू या . 🙏🏻🙏🏻 अंबादास गाजुल , कर सल्लागार 🙏🏻🙏🏻

28/07/2017

11/04/2017

Analysis of Section 269ST

*New section 269ST in Income tax - accepting Rs.2,00,000/- cash -applicable as under*

👉 1. If u accept 2L or more from same person *in a day* even against different bills section is violated.

👉 2. If u accept 2L or more from a person *against one bill* even on different days section is attracted.

👉 3. If u accept 2L or more from a person for a series of transactions emanating from *one event or ocassion* section is attracted.

Applicability of section 269ST

👉 1. If one sells goods worth Rs 450000 through three different bills of 150000 each to one person and accepts *cash in single day* at different times then section 269ST(a) will get violated.

👉 2. If one sells goods worth Rs 400000 through *single bill* to Another person and receives cash of 200000 on day1 and another 200000 on day 2 then section 269ST(b ) will get violated.

👉 3. If A accepts cash of 100000 for *catering* Rs 100000 for *decoration* and rs 50000 for tent house work then section 269ST(c) will get violated even if cash is accepted on different dates.

😓 Penalty for Violation being 100% of cash received!

Be careful while accepting cash.

This is applicable from April , 1, 2017