Sahni And Associates

23/07/2023

14/06/2021

Knowledge of Accounting, GST , MS Excel , Tally , E-Invoice

23/05/2019

Latest Update:
The last date for linking Aadhaar with PAN has been extended to 30th September 2019 from 31st March 2019. However, it is mandatory to to link Aadhaar with PAN for filing ITR.

01/04/2019

From income tax to GST, Seven changes from April 1, 2019

1. Taxpayers with income of up to ₹5 lakh during the financial year are now eligible for full tax rebate. However, the tax slab will remain the same as the last financial year but those earning up to ₹5 lakh will not have to pay any tax.

2. You will not have to pay any income tax on notional income from second house. In case the taxpayer has more than two properties which are self-occupied, then notional rent would need to be computed on the third and additional properties and offered to tax.

3. Benefiting small tax payers, the TDS threshold has also been increased from today. For interest income earned through bank and post office deposits, tax deducted at source (TDS) will be ₹40,000 against ₹10,000. Similarly, the TDS threshold for deduction of tax on rent will be ₹2.40 lakh from ₹1.80 lakh last year.

4. Leading to extra tax savings, the limit for standard deduction has been increased to ₹50,000 from ₹40,000 for the new financial year. The increase of standard deduction limit by ?10,000 will lead to tax savings of ₹3,120 for individuals in the highest tax bracket of 31.2%, excluding surcharge.


5. With effect from April 1, the GST Council has slashed tax rates for under-construction flats in an affordable category to 1%. GST rate on other categories has been reduced to 5% from the earlier 12%.

6. The finance ministry has extended long-term capital gains exemption on selling of two residential houses provided the long-term capital gain is up to ₹2 crore. This is a one-time opportunity to claim such exemption.

7. From today, you will not be sell shares unless you hold them in dematerialised form. According to Sebi instructions, it is now mandatory to hold shares in demat form if you want to sell it

31/08/2018

Kindly file your return of income (if not under tax audit) for the A.Y. 2018-19 by today.
Tomorrow onwards penalty of RS.5000/- will be levied.

04/06/2018

Last day for filing Non Audit income tax returns (ITR) for FY 2017-18 is July 31, 2018. Otherwise penalty will be levied on late filing. Filing returns is mandated by law and is an important proof of your tax compliance.

Contact for filing-
Sahni & Associates
(Income Tax and GST Consultants)
Shiv Sahni 9258888111,
Ashwani Sahni 8979555770

Different Solutions under one roof-
GST Returns, income Tax Returns, Firm, LLP & Company registration, TDS Consultancy, Refunds, Digital Signature, ISO etc

27/05/2018

IT department releases all e-filing forms for AY 2018-19, last date for filing is July 31

http://www.moneycontrol.com/news/business/economy/it-department-releases-all-e-filing-forms-for-ay-2018-19-last-date-for-filing-is-july-31-2576521.html

Contact for filing-
Sahni & Associates
(Income Tax and GST Consultants)
Shiv Sahni 9258888111,
Ashwani Sahni 8979555770

Among these, ITR-1 or Sahaj is to be used by individual taxpayers who happen to be salaried employees in organisations

19/05/2018

Required experienced Accountant in Bareilly (only full time)

Contact-
Shiv Sahni - 9258888111
Ashwani Sahni - 8979555770

17/03/2018

Last date for filing of Income tax return for Financial year 2015-16 & 2016-17 is 31st March 2018
PLEASE NOTE- The law has changed and ITR for FY 2015-16, 16-17, CANNOT be filed beyond 31st March 2018.
Contact - 8979555770, 9258888111
Sahni And Associates
(Income tax and GST Consultants)
Bareilly

24/02/2018

Ashwani Sahni Shiv Sahni

18/01/2018

E-Way bill will be implementing from 01-02-2018 in all over India. Some important FAQ of E-Way Bill:

1. What is the penalty of non-filling of E-way Bill ? Is it editable ?

Ans.: The penalty of non-filling of E-way Bill is 200% of GST value of invoice. And please note that there is no editing in E-way bill after final submission.

Q2. What is the validity of E-way Bill?

Ans.: The validity of E-way Bill is:

#00 to 100 Km. : 01 Days
#100 to 300 Km.: 03 Days
#300 to 500 Km. : 05 Days
#500 to 1000 Km. : 10 Days
than 10000 km.: 15 Days

Q3. Any Printout of E-way bill need with the Invoice of Goods?

Ans.: No Printout need with the Invoice of Goods, show only number of E-way bill in front of Invoice

Q4. Who is responsible for E-way Bill ?

Ans.: The responsibility for E-way Bill is of:

Ist – The Supplier
IInd – The receiver
IIIrd – the Registered person if Purchase or sale from a Un-Registered Person/dealer.

Q5. what type of supply is cover under E-Way Bill?

Ans.: There are all type of movements of Goods Cover under E-Way Bill. Which Include Rejection, Sale Return, Repair and Maintance and Job Work or material send for Job Work with a Delivery Challan. A approx Value will be there on Delivery Challan of Job work and make a E-way Bill for this Challan

Regards- Sahni & Associates
Contact- 9258888111, 8979555770