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

Calculation of vat payable

I have started the CCTV security business in Haryana I am importing various items from China Can the amount of VAT payable be adjusted with Custom Duty paid on such imports Please advice me

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Calculation of grauity with relief under section 89(1)

What is calculation under section 89 1 under rule 21A 3 of relife if assess render the service 10 years and whats are the process of calculation

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Vat audit interest calculation

Dear sir mam Sir how to calculate vat interest in quarterly and six monthly explained plz more details vat interest u s 30 4

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Hra calculation procedure


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Salary calculation on hourly basis

Dear Sir If i work 2 hrs extra in the day and i m drawing salary is 11500 and i worked for 4 hrs extra How much pay i will get for extra 4 hrs Please explain with example Thanks Manoj Rao 9591608067

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About rough calculations in ca cpt

Sir I have done rough calculations beside the respective sums in the question paper instead of the rough sheet will it cause any problem

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Cash credit interest calculation

pls let me know how to calculate bank s Cash credit interest any xl chart available pls send to my email id vpckovai yahoo co in

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Drawing power calculation (cc a/c)

In calculation of Drawing Power for CC account in Monthly Stock Statement if Creditor is more than Stock How to calculate the DO

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Service tax interest and penalty payment calculation?

Please help in calculation of Service Tax Interest and Penalty Calculation File Attached Service Tax Turnover Rs 60 Lakhs Interest Calculation up to 31 12 2015 Thanks in Advance

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Deferred tax calculation

An asset whose useful life is nil then the remaining carrying amount after retaining residual value is charged to opening reserve surplus as per Schedule II of Companies act 2013 And assets are contin

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    It calculates the rate of service tax including SBC you need to just enter three dates i e date of completion of service date of payment and date of invoice


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    Calculates POT as per Rule 4 and Rule 3 of POT Rules of Service Tax


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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 : 12/18/2015 7:34:09 PM

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