Infinity Finserv

09/02/2019

MCA Amendments for Beneficial Ownership Rule 2019

09/02/2019

https://economictimes.indiatimes.com/news/economy/policy/gom-favours-cutting-gst-to-5-pc-on-residential-properties-3-pc-on-affordable-housing/articleshow/67900682.cms

In its first meeting, the GoM also favoured slashing GST on affordable housing from 8 per cent to 3 per cent.

08/02/2019

07/02/2019

Registered Under GST... But Forgot to file Return for the period of July,2017 To September, 2018.

Don't Take Bother...! You don't have to pay late fees for filing return now...!

Here are Great News for You...!

Government has waived off the fees for late filing of GST Returns if the Returns will be filed before 31/03/2019.

Therefore, take benefit granted by Government and file GST Return for past period by 31/03/2019.

For any question or query please feel free to connect with us @ [email protected] or call us on +91 9737771772.

06/02/2019

You have noticed Error in the your Income Tax Return after filing....! Don't Worry...!

We are here to assist you...!

You can revise your return and make correct disclosure if it is filed within Due Date Provided u/s 139 of Income Tax Act.

Please note that last date to revise ITR for AY 2017-18 FY 2016-17 & AY 2018-19 FY 2017-18 is 31/03/2019.

Hurry Up....! And Correct your error by 31/03/2019.

For any query or assistance feel free to connect with us @ [email protected] or call us on +91 9737771772.

05/02/2019

Hurry Up....! Last Date for Filing Income Tax Return who missed the Original Due Date for FY 2017-18 AY 2018-19 is 31/03/2019...!

Please Note that this is last chance to file ITR for FY 2017-18 AY 2018-19.

Hence, Timely Comply the Law and maintain consistency of your Income Tax Return..!

For any query or assistance feel free to connect with us @ [email protected] or call us on +91 9737771772.

01/02/2019

HIGHLIGHTS OF BUDGET 2019

Tax
1. Within 2 years, Tax assessment will be done electronically
2. IT returns processing in just 24 hours
3. Minimum 14% revenue of GST to states by Central Govt.
4. Custom duty has abolished from 36 Capital Goods
5. Recommendations to GST council for reducing GST rates for home buyers
6. Full Tax rebate upto 5 lakh annual income after all deductions.
7. Standard deduction has increase from 40000 to 50000
8. Exempt on tax on second self-occupied house
9. Ceiling Limit of TDS u/s 194A has increased from 10000 to 40000
10. Ceiling Limit of TDS u/s 194I has increased from 180000 to 240000
11. Capital tax Benefit u/s 54 has increased from investment in one residential house to two residential houses.
12. Benefit u/s 80IB has increased to one more year i.e. 2020
13. Benefit has given to unsold inventory has increased to one year to two years.
Other Areas
14. State share has increased to 42%
15. PCA restriction has abolished from 3 major banks
16. 2 lakhs seats will increase for the reservation of 10%
17. 60000 crores for manrega
18. 1.7 Lakh crore to ensure food for all
19. 22nd AIIMS has to be opened in Haryana
20. Approval has to be given to PM Kisan Yojana
21. Rs. 6000 per annum has to be given to every farmer having upto 2 hectare land. Applicable from Sept 2018. Amount will be transferred in 3 installments
22. National kamdhenu ayog for cows. Rs. 750 crores for National Gokul Mission
23. 2% interest subvention for farmers pursuing animal husbandry and also create separate department for fisheries.
24. 2% interest subvention for farmers affected by natural calamities and additional 3% interest subvention for timely payment.
25. Tax free Gratuity limit increase to 20 Lakhs from 10 Lakhs
26. Bonus will be applicable for workers earning 21000 monthly
27. The scheme, called Pradhan Mantri Shram Yogi Mandhan, will provide assured monthly pension of Rs. 3,000 with contribution of Rs. 100 per month for workers in unorganized sector after 60 years of age.
28. Our government delivered 6 crores free LPG connections under Ujjawala scheme
29. 2% interest relief for MSME GST registered person
30. 26 weeks of Maternity Leaves to empower the women
31. More than 3 Lakhs crores for defence
32. One lakh digital villages in next 5 years
33. Single window for approval of India film makers

31/01/2019

Recent Notification by GST Department issued on 29/01/2019:
(1) http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-02-central-tax-english-2019.pdf;jsessionid=A819D1D6AB13B167B1586230CFDA7919
(2)http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-03-central-tax-english-2019.pdf
(3) http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-04-central-tax-english-2019.pdf;jsessionid=25FD44D22927C30613BEDD42D8237546
(4) http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-05-central-tax-english-2019.pdf;jsessionid=2B9B9D3455198A35F0CBB3DD5E557A4D
(5) http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-06-central-tax-english-2019.pdf;jsessionid=6CF1B7BBB18B2B866CFA2A5AFC0F8E6D