115jb calculation

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Govt invites suggestion on MAT framework for computation of book profit


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 28th April 2016 Subject Framework for computation of book profit for the purposes of levy of MAT u

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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

calculation of average of weekly high n closing prices


i want to know how i can calculate the average of weekly high n low prices during 6 months

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Income tax calculation on capital gains from stocks


Hello Experts Please clear my doubt regarding Capital Gains calculation from shares Suppose I have Bought and Sold 3 Shares in FY 2015 16 Not Intraday They are as follows S No Scrip Buy Price Buy Qty

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For tax , penalty & interest calculation


SIR THE SERVICE IS REPAIR MAINTENANCE OF VEHICLE AMC TYPE THANKING YOU MUKESH SHARMA

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For tax , penalty & interest calculation


SIR MY SERVICE TAX IS DUE WHICH IS I HAD NOW DEPOSIT FOR THE PERIOD 2015 16 AND I DO NOT CALCULATE THE TAX AMOUNT INTEREST PENALTY AND LATE FEE SO PLEASE HELP THE DETAILS ARE 01 04 2015 TO 30 06 2015

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Question on pf applicability and calculations


Dear Forum I wish to have your clarification on matters relating to PF There are 2 cases In both the PF is with Government Case 1 There are 40 employees in the company Some have basic salary less than

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Discussion

Income tax calculation on capital gains from stocks

Hello Experts Please clear my doubt regarding Capital Gains calculation from shares Suppose I have Bought and Sold 3 Shares in FY 2015 16 Not Intraday They are as follows S No Scrip Buy Price Buy Qty

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Excise and vat calculation at the same time

dear sir i have a query sale bill include a excise and vat what should i avail output in the bill so can i excise take excise output

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Query on pf applicability and calculations

Dear Forum I wish to have your clarification on matters relating to PF There are 2 cases In both the PF is with Government Case 1 There are 40 employees in the company Some have basic salary less than

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Tds calculation on salary when esic deducted from salary

Dear Sir Can any one tell me when ESIC is deducted from employee salary under which section we can claim the same as deduction while calculating tds on salary

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Marginal relief calculation

What will be marginal relief on Income of 10 01 00 000 in case of domestic company URGENT

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File Download

  • Income Tax Calculator FY 2015-16

    It Calculates Tax for FY 2015 16

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  • CSR Profit Calculation

    As per Section 135 of Companies Act Minimum CSR Contribution company spends in every financial year at least two per cent of the average net profits of the company made during the three immediately preceding financial years in pursuance of its Corporate Social Responsibility Policy the Calculation of Avg net Profit Shoulb Be Accordingly Section 198 of Companies Act 2013

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  • Vat late payment interest calculation

    I want to know the amount of late payment interest and penalty amount

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  • Latest SEBI Direction to Clearing Corporations

    SEBI vide its circular no SEBI HO MRD DRMNP CIR P 2016 54 dated 04 05 2016 Issues direction to clearing corporations regarding Investment Policy Liquid Assets for Net Worth Calculations and Transfer of Profits

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  • En-Number of Employees TDS Calculation FY 2016-17

    en number of employees TDS calculation including new joinees previous company salary and easily generate form 16 Part B you can modify the file whatever you want in that mode its opened not restricted

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Articles

Section 115JB of the income tax act


SECTION 115JB OF INCOME TAX ACT 1961 SPECIAL PROVISION FOR PAYMENT OF TAX BY CERTAIN COMPANIES AFTER BUDGET 2016 This section is nothing but the Minimum Tax that a company is required to pay This sect


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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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Updated on : 6/5/2016 12:11:13 AM


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