194i of income tax act


ICAI - President's Message - June 2016

Dear Professional Colleagues All of us have our share of hopes and expectations present and future While certain part of those may appear logical and is likely to come true the remaining we ourselves

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Equalisation levy of 6 percent will come into force from 1st June


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Accounting code for payment of Krishi Kalyan Cess

Circular No 194 04 2016 ST F No 354 31 2016 TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit To Principal Chief Commissioners of Customs and Central Excise All Princ

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Manner of determination of fair market value

F No 142 26 2015 TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi Dated 23rd May 2016 Subject Manner of determination of fair market value and

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Digital reporting of Form No.60

Circular No 14 2016 F No 370149 68 2016 TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 18th May 2016 Subject Digital reporting of Form No 60

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Experts Opinions

Service Tax Applicability for Bank Dsa

Dear Sir I want to know about the service tax applicability for the bank dsa

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Best income tax reckoner

Dear Sir Please suggest me which is best Income tax reckoner book Singhania or V K Mehta

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Rule 5 of point of taxation rules

Rule 5 of point of taxation states as follows RULE 5 Payment of tax in case of new services Where a service is taxed for the first time then a no tax shall be payable to the extent the invoice has bee

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Notice issued u/s 139(9) of i.t act, 1961

I filed my ITR 4 for A Y 15 16 for which i claimed depreciation of Rs 214000 on car with House property income and two other estimated business incomes aggregating Rs 1 00 000 under non maintenance of

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Excise duty on hum pipe manufacturing by constn.company

A construction company executing Road projects to various state central governments under works contract services As per the work contract aggrement provided to them the work includes laying of Hum Pi

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Service tax on transport

Hi We have the Partnershipfirm in hyderabad and having branch in odishaand purchases Goods from Andhrapradesh and transports to Odisha State and pays Freight charges and what are the points to be note

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Tax on accrued fd interest

Hi I hold some cumulative interest fixed deposits with SBI The interest accrued over a period of three years I calculated and reported the interest in my tax return every year However even though the

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Non clarity in amended section 44AB of Income Tax Act, 1961

I am a student pursuing CA CA Final I think there is a flaw in section 44AB of Income Tax Act 1961 Section 44AB as per Finance Act 2015 reads as 44AB Every person a carrying on business shall if his t

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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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Service tax minimum charge 1 jun 2016

service tax minimum charge

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  • IND AS12-Income Taxes

    The objective of this Standard is to prescribe the accounting treatment for income taxes The principal issue in accounting for income taxes is how to account for the current and future tax consequences of a the future recovery settlement of the carrying amount of assets liabilities that are recognised in an entity s balance sheet and b transactions and other events of the current period that are recognised in an entity s financial statements


  • A Total Income Tax Planning



  • Abatement in Service Tax



  • IT Training-Excel with Practical Data

    It contains how to use excel various formula and pivot table It contains practical examples so that one can understand that how excel formula and pivot table is useful in our practical life I have also forwarded it to ICAI Ahmedabad Hope users will be benefited from this


  • Statement on Impact of Audit Qualification under LODR

    Under Regu 33 and 52 of LODR Regulations format of Statement of Impact of Audit Qualification


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Tips received by waiters from customers is not salary income

Background and facts Section 15 of the Indian Tax Laws ITL includes the following incomes as chargeable to tax under the head Income from Salary Salary head Salary that is due from an employer or a fo

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Rates of service tax in case of Reverse Charge w.e.f. 01.06.2016

Service Tax under reverse Charge On or After 01 06 2016 Sl No Service Abatement if any Effective ST Rate including SWC KKC payable by service provider payable by service recipient ST Rate for Service

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Taxability of salaried individuals

SALARY AND TAXABILITY What is previous year Previous year means financial year starting from 01 April and ending on 31st March Eg The current previous year is 2015 2016 What is Assessment Year Every p

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Incorporation of Company as per the Companies Act, 2013

At the outset basically the details of the Director s and subscriber s are required for the incorporation of the Company However the steps for the incorporation of a company as per the Companies Act 2

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Applicability of companies act, 2013 based on limits

Sr No Provision under Companies Act 2013 Applicability of Provision Non Applicability of provision 1 XBRL General Circular No 16 2012 Dated 06 07 2014 a All companies LISTED with any Stock Exchange s

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Updated on : 6/3/2016 4:50:14 AM

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