Monday, 29 September 2014

No Extension for following tax assessee

The extension of tax return is only for tax assessee whose turnover is more than Rs. 1 crore and required to get tax audit.  for the following tax asssessee it is still mandatory to file the tax return before September 30, 2014 .

01.  Loss Return
02.  Claiming any kind of benefit u/s 80-IA.

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Gujarat HC upholds levy of GST on corporate guarantee while reads down mandatory 1% valuation where actual consideration is lower

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