89 relief calculator

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Tax Relief under GST


All decisions of GST Council so far have been taken unanimously Various states may have different points of view on an issue but the final decisions have been unanimous The issue regarding treatment of the existing tax incentive schemes of the Central and State Governments was discussed during the 2

ICSI welcomes Union Budget 2017-18


CS Dr Shyam Agrawal President ICSI welcomes Union Budget 2017 18 with a focus on stimulating growth providing relief to middle class affordable housing curbing black money promoting digital economy transparency in electoral funding and simplification of tax administration The Budget marks a major sh

Maximum Rs 2000 cash donation allowed to political party


Budgets thrust on stimulating growth relief to Middle Class Affordable Housing Curbing Black Money promoting Digital Economy transparency of Political Funding and simplification of Tax Administration Government committed to eliminate Black Money component from the economy MSME companies to pay incom

Proposal to provide for grant of interest in case of refund of excess payment of TDS


Finance Minister announces several anti graft and rationalisation measures in the field of Income tax Accountants or merchant bankers furnishing incorrect information to face penalty Income of the Chief Ministers Relief Fund and the Lieutenant Governors Relief Fund to be exempt from tax Concessional

Tax rates reduced to 5% for individuals between 2.5 and 5 lac slab


Finance Minister announces several measures for revenue mobilization in the General Budget 2017 18 along with a reduction in tax rates for small tax payers In a major relief to small taxpayer and to bring more people in the tax net the Union Finance Minister Shri Arun Jaitly announced a reduction in

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Experts Opinions

Relief available to promoters.


Promoter of a company has incurred 1lakh Rs for formation of the company The company refuses to pay all the expenses so incurred since the co doesn t have any provision in AOA for such payments Advise promoter regarding the remedy available for his claim Thank You

table F regulation 89


The contents of regulation 89 of table of why they are not comprised in section itself why they are kept under regulation 89 Please help me understand this concept

Marginal relief for domestic company


Total income of care ltd for assessment year 2016 2017 is rs 2 5 crore what will b the tax payable also show the calculation along with marginal relief if applicable

Relief u/s 89


Hello everyone Arrears of pension received by an individual can be claimed as relief u s 89 Suppose the arrears received belong to the year 2006 to 2016 i e 10years and received during P Y 2016 17 While calculating the relief income of the preceding 3 P Y s is considered and one third of the arrears

Allowing of rebate on arrear under sec 89


If a Govt employee received salary arrear for past years and clubbed with income of current year for calculation of income tax Is DDO can competent to allow rebate u s 89

Discussion

Income tax calculator fy 2017-18

Income tax calculator and flexi kit for the salaried employees for the FY 2017 18

Tax relief under section 89(1)

I am ex serviceman and getting pension through bank In FY 16 17 I will be getting 3 80 000 as pension plus I already received pension arrears as 1 40 000 In dec16 so total 5 20 000 Income from other source is 40 000 Bank has deducted 14 000 as TDS on arrears My investment in ppf is 1 50 000 Can I cl

Senior citizens penalised instead of getting relief.

Mr Jaitely has safely neglected senior citizens who depend only on interest income for a living Previously a rebate under Section 87A of Rs 5 000 was given for income upto Rs 5 00 000 This has been reduced to Rs 2 500 that too upto Rs 3 50 000 This would mean that a senor citizen declaring an Income

Return submitted with salary arrears without claiming 89e

I submitted ITR1 for AY 2016 17 including an arrears of salary related to earlier period without claiming relief u s 89 How do I claim it now

Sec 89(1)

Assume a person has no income in a FY except for the PF money he received Can sec 89 1 be applied in this case Tax payable with Rs 363638 considered in present ay Rs 9600Tax payable without Rs 363638 considered in present ay Rs 0Relief under Sec 89 1 Rs 9600

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Holding 100% control over a company - Section 89 of the companies act, 2013


Companies Act 2013 gives freedom to the Companies to do anything which is legal and in the interest of stakeholders but with the approval of authority or by intimating authority in a manner as may be prescribed by the act In Companies Act 2013 section 89 is the only section which gives a way to a pe


Can you trust the online financial calculators?


Yes it is true that financial retirement calculators are simple to use Based on a few assumptions that you input on your computer about the future it instantly provides you with a number that indicates how much one needs for his her retirement This calculation might appear accurate to you in terms o


Exemption to Ready Mix Concrete - A Great Relief to Construction Industry


Taxability of Ready Mix Concrete now a days has gathered a great impetus due to various investigations and show cause notices being raised by the excise department to collect excise duty applicable to RMC from various construction industries However a lot of confusion persists regarding difference b


Relief to the Exporters: Refund of service tax on expenses incurred beyond factory gate


Relief to the Exporters Refund of service tax on expenses incurred beyond factory gate World economy over last few years has been very sluggish and more so Indian economy The impact on Indian economy could be witnessed in the form of declining exports from India This requires stimulus from governmen


Some relief to auditors, from hanging penalty sword of Rs 25,00,000


26th March 14 Sec 143 12 of Company Act 2013 was notified which created obligation on auditors to report certain frauds to Central Government Secretary MCA As it is a law materiality limit is not applicable unless specified So auditor has to report on all frauds irrespective of amount involved makin


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Updated on : 2/19/2017 6:01:11 AM


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