children education allowance tax


Draft Guiding Principles for Determination of Place of Effective Management (Poem) of a Company Formulated

The Finance Act 2015 has amended with effect from 01 04 2016 the provisions of Income tax Act relating to determination of residence of a company In accordance with the amended provisions a company wo

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Main reasons for rejection of service tax return

This is to inform you that some returns got rejected after uploading of the XML file for the ST3 return period 2015 2016 Apr Sep mainly due to the following reasons 1 Incorrect selection of return typ

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Now quote PAN if cash payment is made above 2 lac

The Government is committed to curbing the circulation of black money and widening of tax base To collect information of certain types of transactions from third parties in a non intrusive manner the

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Last date for advance tax payment postponed in flood effected stated

Last Date for December 2015 installment of Advance Tax for taxpayers in Tamil Nadu and Puducherry extended till 31st December 2015 The last date of payment of December 2015 installment of Advance Tax

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Significant decisions taken in last few months by CBDT for improving taxpayer services

CBDT takes various significant decisions in last three months for providing better taxpayer services improving ease of doing business and reducing the burden of compliance on the tax payer The Central

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Experts Opinions

Service tax for chit fund co.s

What are the general input services for a chit fund company and can it claim cc on such services

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Corporate tax rate

What is the corporate tax rate education cess and surcharge in India for following assessment years 1991 92 1992 93 1993 94 1994 95 1995 96 1996 97 1997 98 1998 99 1999 00 2000 01 2001 02 2002 03 2003

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Can service tax be charged on vat amount

I am having an issue regarding a contractor bill Contractor is a civil contractor and he has charged service tax on Basic Vat amount Please suggest me if it is correct and also let me know with any no

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Income tax on credit card

I have a credit card and my credit card is used by my friends relatives and colleagues to do purchases which makes my spending for more then 2 lakhs and I don t have that much income They return me th

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Taxable income

Dear Expert Is contribution received by trust from trustees is a taxable income in the hands of Trust and eligible for Deduction under section 11 and 12

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Saving tax

Hello Friends Requesting you to please correct me if i am wrong Below is my tax simplifyied statement 1 According to point 14 I need to invest Rs 15 750 to be tax free 2 If I do above then I will reci

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Tax on inherited n a land

inherited land in urban area which is being acquired by govt for hubli dharwad BRTS route land in family possession since 1937 pls advice do we need to pay any tax on compansation being offered by gov

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Service tax limits

Who will be responsible after billing of above10 lakhs limits without service tax Service providor or service receiver from a consultant deducting tds 10 kindly clarify Thanks

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Taxation of conversion of private limited company into llp

Our client islooking forward for converting private limited company into LLP Since the companydoes not satisfy conditions for claiming exemption u s 47 xiiib capital gain tax will be levied on convers

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Tax implications on overseas expenses


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File Download

  • Handbook on IDT - May 2016

    Self Study Guide to Indirect Taxes for CA Final May 2016 attempt


  • Service Tax Payable under Transport of Goods on Road or goods Transport Agency service[GTA] can be paid out of CENVAT

    Service Tax Payable under Transport of Goods on Road or goods Transport Agency service GTA can be paid out of CENVAT


  • Income tax Amendment regarding Form 15CA and 15CB



  • IT Calculator for Govt Employees for FY 2015-16

    A tool that helps govt employees to easily calculate their income tax


  • Certificate of confirmation for the purpose of audit under section 44AB of the Income Tax Act, 1961 for the financial year 2014-15



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POEM - Redefining taxation of foreign arms managed from India

POEM is the buzzword of corporates having subsidiaries outside India and foreign firms outsourcing high end critical functons to India This concept is introduced to tax in India income which has been

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Taxes on Petroleum Products: A convenient cash cow

Petroleum under GST regime The Constitutional Amendment Bill on Goods Services Tax GST recently cleared by the Cabinet provides that petroleum petroleum products viz petroleum crude high speed diesel

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Depreciation allowance under section 32 of the Income Tax Act, 1961

Depreciation is an allowance on capital assets acquired and put to use and not an expenditure unlike repairs to machinery plant or furniture It need not be incurred by the assessee during the previous

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Discussion on Value Added Tax, Karnataka

Introduction The White Paper is a policy document indicating basic policies of State Sales Tax VAT Haryana was the only State to introduce VAT w e f 1 4 2003 About 21 States have introduced VAT though

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Accumulated Education Cess Balance: All Hopes in Vain!

Introduction Since the announcement of the exemption being granted to the levy of Education Cess and SHE Cess by the Finance Minister in Budget 2015 16 the issue as regards the utilisation of the accu

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Updated on : 12/25/2015 10:28:10 AM

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