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computation of income tax format in excel


CBDT extends due date for filing return to 5th August 2016

F No 225 195 2016 ITA II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block IT II DivisionNew Delhi the 29thof July 2016 Order under Section 119 of the Income tax Act 1961 On consideration of reports of Bank strike on 29thJuly 2016 Friday and the

Extension of the last date for filing of DVAT returns for 1st quarter

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES pOLICY BRANCH VYAPAR BHAWAN I P ESTATE NEW DELHI 110 002 No F 7 420 VAT Policy 2011 PF 518 24 Dated 28 7 16 CIRCULAR NO 11 of 2016 17 Sub Filing of online return for first quarter of 2016 17 Extension of period thereof I

FM takes a serious view of opposition by Income Tax officers

The Union Finance Minister Shri Arun Jaitley takes a serious view of the resolution by Officers of Indian Revenue Service Income Tax against Department of Revenue The Ministry of Finance has learnt through a newspaper item which appeared today that some officers of Indian Revenue Service Income tax

Paperless PAN and TAN application process introduced

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Sub Ease of Doing Business Paperless PAN TAN application process For fast tracking the allotment of PAN and TAN to company applicants Digital Signature Certificate DSC based application procedure has been int

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 financial flows out of the country Such estimations appear to be based upon different sets of facts assumpt

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Experts Opinions

Applicability of tax audit u/s 44 ab

For the Financial year 2015 16 a technical consultant received fee from various parties Rs 23 00 lakhs on which TDS is also deducted He also received service tax of Rs 2 25 lakhs If the service tax receipt is also taken into account his Gross receipts will be Rs 25 50 lakhs Is service tax can be sep

Rental income of property inherited

Properties inherited after death of father is now transferred in the names of his widow and children s All the Properties are now in the name of Widow and children without mentioning their share How will rental income from Joint Property inherited be taxed Will it be taxed as AOP or will it be taxed

The deeming provisions of Sec 50-what tax rates to apply?

It has been pronounced in Smita Conductors Ltd v DCIT ITAT Mumbai that the legal fiction created by Sec 50 which deems CG arising on transfer of depreciable assets as short term is only for the limited purpose of Sections 48 49 that deals with computation of CG and for the purpose of other provision

incime tax

What is benami trascation and how there is tax evasion

mandap keeper income

our client received mandap keeper income how to show the income from income tax and tax benefits


Service tax on professional income(consultancy)

I am a public health expert medical doctor I am joining an organization where I will be paid professional fees consultancy Please tell me whether I have to pay service tax on my income apart from the TDS deductions

Tax exemption for a personal loan for buying a house

can an individual claim exemption for the principal and intrest amount paid if so under which head

Tax exmpetion for personal loan used for buying an owned car

Hi Gurus Recently I had taken a personal loan from a private lender to buy an owned car I have all the valid proofs of buying the car and even my lender issues me interest certificate In this regards I would like to know if I can claim any kind of exemption in Income Tax Thank you for your kind help

Service tax on cargo ( tci xps, omaxe logistics)

Good afternoon to all my great experts I am again hare to get your valuable answer As per service tax rule in case of G T A service tax is payable by service receiver but sir in some case in G T A some service provider like TCI XPX OMAXE LOGISTICS GATI LTD ETC charge service tax in their bill Sir ca

Taxability under capital gain sec 50(c) & other inome sec 56(2)(vii)

my client A PVT LTD is transferring LAND FACTORY BUILDING CONSO to its DIRECTORS at BOOK VALUE WDV whereas VALUE AS PER STAMP AUTHORITY is higher kindly inform me regarding TAXABILITY in the hands of a transferor i e PVT LTD as well as in the hands of a transferee i e DIRECTOR

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'Pokemon Go', like 'Taxman Go'! Enjoy It

Arjuna Fictional Character Krishna nowadays two topics are capturing the attention of everyone in India One is the mobile game Pokmon Go and the other is the Income Declaration Scheme 2016 we may call it Taxman Go One is for Finding Pokeman and other is for undisclosed income Lets enjoy it and learn

Income Tax Deductions 2016-17

Dear All Here are Income tax Deductions taking effect of amendments as per finance budget 2016 presented by Mr Arun Jaitely Income tax deduction for AY 16 17 Section 80c The maximum tax exemption limit under Section 80C has been retained as Rs 1 5 Lakh only The various investment avenues or expenses

Who? What? How for the income declaration scheme, 2016

THE INCOME DECLARATION SCHEME 2016 SNO QUESTION SOLUTION 1 Who Is Eligible For This Scheme 1 The Person Who Has Not Received Any Notice Under Section 142 1 143 2 148 153a 153c For That Assessment Years Will Only Be Eligible For Declaration 2 No Proceeding For That Assessment Years Is Pending Before

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 sector person It could also aid in representation needed for amendment of the Model GST Law to make it ta

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 will be its consequences if a common man does not file income tax return Krishna Fictional Character

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Updated on : 8/3/2016 8:52:10 AM


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