Tax Thoughts with Sukumar

My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  Interest on PPF, savings bank deposit to be included for calculating GST registration threshold: AAR Under the Goods and Services Tax law, businesses and individuals are required to obtain GST registration if their aggregate turnover is Rs 20 lakh or more. AMRG & Associates Senior Partner Rajat Mohan said this ruling may lead to homemakers, retired persons and freelancers taking GST registration. NEW DELHI: The value of exempted income, like interest on PPF, savings bank account and loans given to family/friends, will be included along with taxable supplies while calculating the threshold limit for obtaining GST registration, the Authority for Advance Ruling (AAR) has said. Under the Goods and Services Tax law, businesses and individuals are required to obtain GST registration if their aggregate turnover is Rs. 20,00,000/-ormore. An ind

My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  Sovereign Gold Bonds open for subscription today. Here’s what you need to know    If you want to know basics about Sovereign Gold Bonds then please visit my previous article on this by (clicking here)            Sovereign Gold Bonds are issued by the Reserve Bank of India (RBI) on behalf of the government and are part of the Centre’s market-borrowing programme.       The third tranche of the government-run Sovereign Gold Bond (SGB) scheme will open for subscription for five days starting Monday.         Sovereign Gold Bonds are issued by the Reserve Bank of India (RBI) on behalf of the government and are part of the Centre’s market-borrowing programme.         The central bank has fixed the issue price for the third tranche of the SGB 2020-21 scheme at Rs 4,677 per gram. The Sovereign Gold Bonds ( SGBs ) are denominated in multiples of on