computation of income tax format in excel


4.21 crore income tax returns Efiled this year

Number of e filed Income Tax Returns in Financial Year 2016 17 till 28 02 2017 was 4 21 Cr The total amount of refund issued in the current fiscal including refund arising out of rectification appeal effect etc is Rs 1 48 459 crore till 28 02 2017 The number of e filed Income Tax Returns in Financia

Invitation to contribute question bank for Information system audit

Announcement Invitation for contributions to Question Bank in respect of Information System Audit Assessment Test ISA AT New Syllabus Information Systems Audit is a post qualification course meant for the members of the Institute Members who are registered for the course are required to appear and p

GST is expected to have positive effect on trade and consumers

Goods and Service Tax GST Bill The 122nd Constitution Amendment Bill 2014 has been passed by the Parliament and after ratification by fifty percent of the States the same has been enacted as 101st Constitution Amendment Act 2016 No Goods and Service Tax GST Bill has so far been passed The Central Go

Direct and indirect tax Collections shows a growth of 10.07% and 22.2% respectively upto Feb 2017

Net Indirect Tax collection upto February 2017 stood at Rs 7 72 lakh crore 22 2 more than the corresponding period last year Net Direct Tax collectionsupto February 2017 stood at Rs 6 17 lakh crore 10 7 more than the corresponding period last year Indirect Taxes The figures for indirect tax collecti

17.92 Lakh persons tax profiles does not match with cash deposits

Operation Clean Money Income Tax Department identifies 17 92 Lakh persons whose tax profiles were not in line with the cash deposits made by them during the demonetization period Income Tax Department ITD has initiated Operation Clean Money on 31st January 2017 to leverage technology and data analyt

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Experts Opinions

Service tax refund by stpi unit

Hello Sir Madam Our company is a STPI unit Currently we are claiming service tax paid by us as refund Can you please clear my following doubts 1 We are paying Service tax under RCM on non abated value for using service of renting of Motor vehicles Can we get refund of such amount paid as service rec

Gst information

i want to know when i will do local sale or interstate sale which return forms will apply for filling return bcz detail of outward suppliers is GSTR 1 detail of inward suppliers is GSTR 2 PLZ clarify me which return is applicable for local sale and interstate sale no any purchase

Income tax filing for my late husband

1 My husband expired in 2014 at age of 80 His income was below taxable limits There was tds deducted from rental income in ay1516 His returns were not filed nor refund of tds taken we have received sms from IT to file income tax returns for ay 15 16 by 31st march I am a senior citizen myself and hav

Does commission as intermediary attract service tax?

An Intermediary arranges transport of goods by taking transportation charges from the goods supplier and arranges transport vehicles by giving the Vehicle owner not the total amount received from the Supplier of the goods but retains some amount and pays the transporter In turn the transporter also

Section 68 of income tax

Dear Experts Weather sec 68 will be applicable on Bank trf transaction or only cash transation Regards Satish


conservancy services..service tax

conservancy services like house keeping cleaning service tax applicable or not if applicable it comes under which category

How to deregister from service tax


Are bookkeeping services taxable under gst?

I am an Accountant i want to know about taxability of accounting services it includes book keeping epf tds and maintance of accounts of more than one firms i want to know that services i am providing these are taxable or not should i apply for gstn under which service code or which service i have to

Income received in India

Non resident received salary for working outside india but in a bank account operated in India directly Taxable

Bank account freezed by income tax for cash deposit

Bank account of my client has been freezed by Income Tax for Cash deposit post demonetisation I have already submitted the response What to do now

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  • Tax Connect (With GST) - 112th Issue

    Tax Connect With GST 112th Issue
  • SAC - HSN code under GST

    SAC HSN code under GST HSN codes at 8 digits will be mandatory in case of export and imports The GST law has to be compatible with international standards For taxpayers with turnover between Rs 1 5 Crores and Rs 5 Crores in the preceding financial year HSN codes need to be specified only at 2 digit chapter level HSN code of 4 digits will be mandatory for taxpayers having turnover more than 5 crores Turnover will be taken on self declaration basis for IST year and afterwards turnover of the previous year shall be used
  • Income tax few chapters

    this file contain few chapters with latest updates
  • Bank Branch Audit

    Contains the informative notes Audit programme and checklist on Bank Branch Audit by Bombay Chartered Accountant s Society
  • CA Final - Indirect Taxes

    Summary of All Case Laws

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Input Tax Credit under GST

In the Current Tax Regime Various conditions are applicable for availing input tax credit A brief overview is given below VAT As a VAT dealer you can avail credit of VAT paid on goods purchase in course of business for re sale or for manufacture of goods subject to some conditions Only purchase made

10 Common Mistakes People make when filing Income Tax Returns

The season of filing of tax return is here This year all those who have taxable income are required to file their return Also those with income above Rs five lakhs have to compulsorily e file their return It s very important to file error free Income Tax Return to avoid future problems Let s see the

Is tax related collected by Taxman?

We should critically read the CAG report for the year 2015 16 In this report we would find many surprises and indepth data regarding many aspects of tax collection machinery and its objectivity In the year 2015 16 total central excise collection was approx 3lakh crores As we all know the excise duty

GST from the input tax credit perspective

Changes are subtle and then only it is natural GST finally appears to have arrived after lots of discussion within and outside parliament All changes are required to be encouraged and so let us welcome GST Model GST law as declared by GST Council Secretariat is available now and in this paper I will

Why should I pay tax?

The citizens of India are required to pay Income tax as well as other taxes as per law 1 Some people raise the question Why should I pay tax They argue I have to pay for my food for my house for my travel for my medical treatment for owning a vehicle not only cost of vehicle but also vehicle tax and

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Updated on : 3/20/2017 1:56:12 PM

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