115jb calculation


Amendment in MAT provisions for foreign company

Government Decides to Amend Income Tax Act 1961 so that with Effect from 1st April 2001 the Provisions of Section 115JB Shall Not be Applicable to a Foreign Company If the Foreign Company is a Residen

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Auditor may have taken PAC's cue

Exact math used by the governments auditor in its calculation of losses and the process it followed still unclear The Comptroller and Auditor General of India CAG may have taken a cue from the Public

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New features launched by income tax dept for efiling

New features launched by income tax dept for efiling 1 The Department has modified the return preparation software to include automatic calculation of tax and interest and this is available for downlo

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Filing tax? Take your documents along

Sub Heading IT officers may ask for the same while filing Author Khyati Dharamsi DNA Content Come July 31 and it is time to file the income tax return ITR By this time you may have received Form No 16

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Experts Opinions

Vat payable amt calculation against cst sale

please tell me what is the vat payable amt My vat computation is follow tax amt output vat 12 5 254172 00 input vat 12 5 152310 00 Output Cst 2 5650 00 vat payable amt 107512 00 is correct or not

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Hra calculation

Dear experts Plz let me know how to calculate the HRA the HRA is being provided to employee 2500 PM however the employee is paying Rs 4000 to it s landlord plz tell me how to calculate it Plz reply

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Vat calculation

Sir I am accountant I have problem in vat calculation Suppose mrp I have one bill contain both vat 5 and 12 5 Then how can I find assessable value x value of mrp discount vat amount 5 and 12 5 how to

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Method of calculation of peak credits

How to Calculate the peak Credits

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Depreciation calculation as per schedule ii

SIR Please give brief description and how to calculate depreciation as per schedule II of companies act

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89(1) rebate calculation

bank employees got arrears this year for FY 2012 13 2013 14 2014 15 While disbursing arrears banksdeducted Some percentage of arrears as PF Example arrears 250000 PF 25000 This arrears 12 13 25 000 13

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Regarding calculation of articleship extension

I had taken leave to appear for my CA final exams but could not actually appear for the same due to personal reasons Now for the purposes of calculation of articleship extension will the examination p

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Doubt about 115jb

Hey Guys I have a query One of my client Private Limited Company has incurred losses of Rs 20 00 000 in A Y 2014 15 however in A Y 2015 16 it managed to earn profit of Rs 2 00 000 So now prevoius loss

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Interest calculation for old tax due

One person has tax dues for 1999 2000AY amount 1700 now he wants to pay it but thats the principle amount due that year some interst must also be there How to calculate that any formula Simply should

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Calculation of vacancy period in income from house property

I have 2 Questions request to provide answers with suitable references Tax rules etc a How to calculate the Rent for Vacany period when the Property is let out during the year to Two Tenants paying di

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  • Document Management addon for Tally

    Greetings fellow forum members Let me thank you for your valuable support advice and feedback on our first addon Continuing with the same we wish to present you with our new addon Document Management System Experience has taught accountants and buisnessmen to have ready access to documents related to all entries in an accounting system We have come up with an addon specifically to address such issues We present this Document Management addon a useful tool for people who wish to attach any bills invoices cerificates etc i e any file you wish to attach with any accounting entry as a supporting document or evidence Thus it helps for future reference for accountants and also for audit purposes for auditors This addon is a trial version which only works for contra entries as well as masters If you wish to attach any documentary evidence for withdrawal of cash from bank or vice versa you can attach scanned copy camera captured image of the deposit slip withdrawal slip For people who wish to attach supplier or vendor details say TDS certificates or VAT service tax certificates they can attach any such documents during creation or alteration of such masters This can be applied to many areas say assets where bills invoices may be attached or excel sheets having depreciation calculations can be attached The Paid version of this addon can be used for all voucher types We hope that this trial version will convince you of the full potential of this addon In case of any query or feedback please feel free to communicate Regards CA Deepak Agarwal Gyrotech info gyrotech in 7738286611


  • Service Tax Calculation

    Service Tax Calculation Sheet


  • Simple Salary Tds Working FY 2015-16 for xl-2007+

    Auto calculate Tds on Salary for current F Y 2015 16 for Excel 2007 Features 1 Automatic Calculation of Tax liabiliity for Ind Senior Super Senier Citizen 2 HRA Calculation working 3 Monthly Salary Working Any suggestions are welcome Exshail Software


  • New Diamond Tax Invoice for Excel-2007+

    Local Sales Invoice for Diamond Traders with new mvat 1 20 with Diamond Declarations Features 1 Options to select MVat CST H Form etc 2 Automatic Calculation for Item Amount Tax Grand Total 3 Options to Round off of item Amount Tax Amount Invoice Total 4 Automatic Invoice Amount in Words 5 Simple Format to be printed on Letterhead Required Excel 2007 Exshail Software


  • Easy Articleship Leave Calculator

    Are you Confused about your calculation of leaves Are you not sure how many leaves are allowed to you Are you a transfer case during Articleship Then This Tool Is Absolutely for You Just enter your Period in the Yellow spaces and get the whole detail of leave of 3 years Note For your Refrence i have entered some dates


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Loan provided to employees- Perquisite calculation - Part II

In an earlier previous post we had a look at the basis of perquisite calculation on loans provided to employees and members of their household According to Rule 3 7 i of the Income Tax rules the taxab

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Loan provided to employees- Perquisite calculation - Part I

We find many payroll managers being unaware that loans provided to employees by the employer are taxable in the hands of the employees The typical reactions from payroll managers we come across when w

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Calculation of Tax Exemption on LTA

In anearlier postwe looked at the conditions governing tax exemption on leave travel allowance LTA In this post we will look at the calculation of the tax exemption amount As mentioned in the earlier

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Sensex and Nifty calculation simplified

Have you ever wondered what the SENSEX and NIFTY is How are they calculated SENSEX i e Sensitive Index is the benchmark index of Bombay Stock Exchange BSE composed of 30 of the largest and most active

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Profit and Gain under presumptive basis vis-a-vis Section 115JB

As the number of zero tax companies and companies paying marginal tax had grown the Minimum Alternate Tax Provision has been inserted in the Income Tax Act It was felt that various concession given un

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Updated on : 11/2/2015 11:22:09 AM

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