ajay jain tax notes


5.27 lakh taxpayers submit their online response to cash deposit notice

Operation Clean Money by IT Dept gets overwhelming response More than 5 27 lakh taxpayers submitted their response till 12th February 2017 Last date for the submission of online response extended up to 15th February 2017 The IncomeTaxDepartment ITD had initiated Operation Clean Money on 31st January

Expeditious issue of refunds is high priority says CBDT

Expeditious issue of Refunds is a High Priority for the Central Board of Direct Taxes CBDT Over 4 19 crore Income Tax Returns ITRs processed and over 1 62 crore refunds issued during the Current Financial Year up to 10th February 2017 The Centralised Processing Centre CPC of the Income Tax Departmen

No proposal to levy 5% service tax on healthcare services says Govt

Central Government clarifies that there is no proposal in the Union Budget 2017 18 to levy 5 service tax on healthcare services The Central Government has clarified that there is NO proposal in the Union Budget 2017 18 to levy 5 Service Tax on Healthcare Services as reported in certain Social Media

Tax collection shows healthy growth upto Jan 2017

Tax Collection Figures up to January 2017 show consistent trend of healthy growth During January 2017 the Net Indirect Tax grew at the rate of 16 9 compared to corresponding month last year with growth rate in net collections for Customs Central Excise and Service Tax at the rate of 10 1 26 3 and 9

Four Advance Pricing Agreements signed by CBDT

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 7thFebruary 2017 Another Four Advance Pricing Agreements signed by CBDT The Central Board of Direct Taxes CBDT has entered into four more unilateral Advance Pricing Agreements APAs on 6th February 2

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Experts Opinions

Entry Tax

Dear seniors My client purchasing goods from Andhra past few years his paying Cst 2 issuing Cforms but now we got stuck in check post questioning whether we are paying Entry Tax or Not this is the first time since they start of business please help us it s mandatory to pay Entry Tax

entry tax

Dear seniors My client Purchase goods from Andhra pay

income tax

financial year starting from 01 04 17 and ending on 31 03 18 from which particular date or month any person can file income tax return every year

Annuity payment from lic taxable or not? plz help

whether annuity payment received from LIC by the spouse after the death of her husband is taxable or is it an exempt income plz explain by referring income tax provisions and if it is taxable then whether i can claim any deduction for such income like in case of family pension where we claim 1 3 of

CA Final SFM study materials/ notes of aditya jain sir

Dear sir madam please provide me notes of Aditya Jain sir for CA final SFM subject or guide me where I can buy his materials like book store then share contact details Thank you so much


Should i pay advance tax fine on business started in decembe

Should I pay advance tax fine on business started in December Hi I was a salaried employee till December 16 2016 and TDS was being deducted by my employer On December 19th I became a freelance architect Due to prior contacts I received good contracts and my total income from freelancing is now above

Tax Solution

Hello friends I have created a new page on facebook named Tax Solution which answers your queries regarding tax and other matters free of cost Also we post useful articles on our page which are very helpful for professionals for gaining knowledge Do support us I am inviting all professionals to like

How to increase tax file

My Child will just be 18 and I want to plan my fixed income from my child accounts so that I can get atleast 2 5 lakh income tax free How shouldI do that Need tax planning suggestions to increase file each year for my child showing income and deploy that under fixed income What income should I show

Taxability of severance payment

Hi Pleaee confirm whether severance payment is fully taxable or partially exempted It is received in FY 2015 2016 If partially exempted then how to calculate it

Income tax

One of my friends has received from a software company equivalentto 1 year salary as compensation upon termination of his contract as an employee as asignoff compensation for the loss of his work and in consideration of his long time association with the company The company has deducted the TDS alon

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Input Tax Credit under GST

Introduction As we all know that GST is going to be the biggest tax reform in the country since independence A much highlighted characteristic of GST is the seamless credit flow across the nation due to which a dealer will not have to worry about the source from where he will purchase the inward sup

Now is the time to attack! Start firing bullets at your taxes

Act before March end so that you dont have to regret in July So many clients put their palms on their head when it is the time to pay taxes and file return in July Taxes have already fired at them they have done nothing to save themselves against the tax shots They could have saved a pretty good amo

Reduce your Tax Liability

Every Taxpayer is aware about deductions under Section 80C for saving their tax liability As this financial year is going to end soon lets discuss about Deductions under Income Tax Act 1961 so that you can reduce your tax burden Deduction under Chapter VI A of Income tax Act 1961 Maximum Deduction R

When goods are liable to tax under GST

Time of Supply of Goods Present Vs GST Updated based on revised Model GST law The liability to pay CGST SGST or IGST on the goods or service shall arise at the time of supply as determined in terms of the Model GST Act The point of time of supply refers to the point of time when an activity attracts

How to Study CA-IPCE Taxation?

1 Which Books Material to refer My Suggestion would be a Concentrate More on ICAI Material i e Module Practice Manual b Go through the entire Supplementary Material Revision Test Papers which are issued by the ICAI for respective attempt c Solve at least latest 2 Mock Papers of ICAI No doubt many of

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Updated on : 2/19/2017 5:27:09 PM

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