194i of income tax act

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Undisclosed income of Rs 21354 cr detected in last 2 years


There is no official estimation of the amount of black money stashed away abroad Various non governmental organizations and economists in the past have indicated certain estimations of illicit financi

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IT dept to issue 7 lakh letters seeking information in respect of high value non PAN transaction


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 21st July 2016 Sub Income Tax Department to issue 7 lakh letters seeking Information in respect of

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ICAI convocation for newly qualified CA


In order to promote a sense of comradeship among members and for bringing them closer to the Institute the Institute of Chartered Accountants of India ICAI organize Convocations for distributing certi

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Detection of black money by Government


Recognizing various limitations under the existing legislation Income tax Act 1961 etc the Government enacted a new law The Black Money Undisclosed Foreign Income and Assets and Imposition of Tax Act

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SIT on black money recommends ban of cash transaction above 3 lakh and cash holding more than 15 lakhs


Recommendations of SIT on Black Money as Contained in the Fifth SIT Report The Fifth SIT report has been submitted before the Honble Supreme Court by the SIT An extract of the report has been uploaded

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Experts Opinions

Service tax


Which service provider can charge service tax

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Disclosure of exempt income in itr


IS FOLLOWING EXEMPT INCOME REQUIRED TO BE SHOWN IN ITR IN EXEMPT INCOME COLUMN 1 HRA EXEMPT PART 2 CONVEYANCE ALLOWANCE EXEMPT PART 3 UNIFORM ALLOWANCE EXEMPT PART 4 ACCRUED INTEREST ON EPF KINDLY PLE

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Income tax return filing (itr4)


Dear sir madam Mr X is a SOFTWARE Professional and he has renders contionous professional service to the Company and TDS also Deducted U S 194J and it is the only source of income for him and he has n

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Provision for taxatio


while making provision for taxation it includes interest payable under 234 A 234 B 234 C shall also part of provision for taxation please reply this question

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Filing of Income Tax return of a trust which is not having 12A


Dear Experts please let me know can I file the income tax return of the trust which is not yet having 12A certificate The trust has been registered in March 2015 It is having deficit for both AY 15 16

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Discussion

Age limit for super senior citizen under it act.

What is the age limit for super senior citizen in IT act and what is the treatment for HUF where karta is super senior citizen under IT act

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Income tax return

I am a salaried person employee and frequently trade in share both intra day and delivery and havespeculative income and STCG Now i am filing thereturn and i have following question 1 Can I file any I

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Taxation on fixed deposits vs shares

Why does government of india want to tax lower risk investment avenues like FD and RD while exempting tax on returns from stocks shares more than 1 year If a person has a low risk appetite and wants t

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Companies act 2013 schedule ii

it is compulsary to take depreciation for calculating profit and if we purchase second hand machinery then also we have to take depreciation on that asset for 8 years as per schedule 2 or is their any

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Service tax

Why does the gov collects tax as SBC and Kristi kalyan instead of directly charging 15 percent as basic charge

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  • SAP AR Transaction code PPT

    Some of the important SAP FICO AR transaction code in PPT slide show with voice and it is useful and easy to understand for all

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  • Assessment Procedures, Income Tax Act, 1961

    Revised version with small corrections Assessment Procedure overview has been given with the help of Flowcharts gives you a brief idea of the Procedures Very helpful in studies as well as at your office

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  • Ind AS 7 "Statement of Cash Flows"

    This is the summary of Ind AS 7 It prescribes Objective Scope Operating Activities Investing Activities Financing Activities Some Specific Terms like foreign exchange fluctuation Interest Dividend etc

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  • CA Final DT Laws-Must read -Treatment of Business Issues N16

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  • Income tax calculator And advance tax calculation

    Version 6 1 Income tax calculator Individual Company and Firm Following type income calculate tax 1 Salary income 2 House property 3 PGBP Income 4 Capital gain U s 111A U s 112 and Normal capital gain 5 Other source income 6 Agriculture income 7 interest U s 234A 234Band 234C Also HRA calculation

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Articles

Understanding the GST Model Law- Input Tax Credit


This is the seventh in the series of proposed articles on the GST Model law The purpose is mainly to create awareness and enable one to look at the unintended impact as maybe applicable for each secto


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CCI in an exclusive interaction with ICAI President - CA M.Devaraja Reddy


Hello everyone I am Praveen Sharma and I welcome you all on CAclubindia com Once again we are here with a very special guest A man with a great vision strong integrity and hard discipline with a firm


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Netaji, aap income tax return file karo, to hum tumare saath hai?


Arjuna Fictional Character Krishna the Maharashtra Election Commission has cancelled registration of 191 political parties for not filing income tax return and audit report What will happen and what w


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Understanding GST Model Law- Taxable person


This is the fourth in the series of articles to understand the GST Model Law The purpose is mainly to create an awareness and enable one to look at the unintended impact on his her sector It would aid


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Issues in respect of Taxability of various softwares


Service Tax issues in IT ITES Sector and the need for preventive Indirect Tax Audits Software has been the soft target of multiplicity of indirect taxes including Excise duty VAT Service tax and Custo


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Updated on : 7/24/2016 6:48:10 PM


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