computation of total income format

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Final GST Registration Rules and Format of Forms


CHAPTER REGISTRATION 1 Application for registration 1 Every person other than a non resident taxable person a person required to deduct tax at source under section 51 a person required to collect tax at source under section 52 and a person supplying online information and data base access or retriev

Final GST Rules - Accounts and Record Rules - Rules and Formats


CHAPTER ACCOUNTS AND RECORDS 1 Maintenance of accounts by registered persons 1 Every registered person shall keep and maintain in addition to the particulars mentioned in sub section 1 of section 35 a true and correct account of the goods or services imported or exported or of supplies attracting pa

GSTN holds a Review Meeting with GST Suvidha Providers (GSPs)


GSTN holds a Review Meeting with GST Suvidha Providers GSPs to Assess Readiness for GST roll out from 01st July 2017 GSPs advised to continue to visit the GSP ecosystem webpage on the GSTN website www gstn org ecosystem for all information latest updates and guidelines GSTN called a meeting with all

Major highlights of the SC Judgement on Aadhar PAN Linkage


Following are the major highlights of the Honble Supreme Court of Indias Judgement on Aadhar PAN Linkage 1 The Honble Supreme Court of India in its Landmark Judgement has upheld Section139AA of the Income Tax Act 1961 as constitutionally valid which required quoting of the Aadhaar number in applying

Cost Inflation indexes notified with Base Year as 2001-02


MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECTTAXES NOTIFICATION NO 44 2017 New Delhi the 5th June 2017 INCOME TAX S O 1790 E Inexercise of the powers conferred by clause v of theExplanationtosection 48of the Income tax Act 1961 43 of 1961 the Central Government hereby specifies t

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Experts Opinions

Income tax return filing


Hi there I m looking for a suggestions answer here In a case where there is a Joint Bank Account If such bank account can be used to e verify the tax return of Second Account Holder For e verification of tax return of 1st account holder some different account is used Thank You

Income Tax


Dear Sirs and Friends One of my friend had purchased a peoperty worth 90 lacs for 67 lacs he had made an agreement of 40 lacs and had taken a loan of 32 lacs for the same Now he wants to sell this property after 2 years My question is what will be the Capital gain and howcan he save himself by avoid

Income tax calculation


sir my query is this if i sold one property which is 12 months old 1700000 and purchase a flat in 26 lacs then how much income tax i have to pay

Income tax return


How to file income tax return if there are two Form 16 due to switch the company in mid of the year

Royalty income is either business or profession


Dear Please tell me whether i should classify the royalty incomes as income from Profession or income from Business

Discussion

Income tax for salaried person doing small business.

Hi all I am salaried person doing small cab business Is it good to separate income from cab using current account will there be any tax benefit I heared of some small business tax exemption up to 10 Lakhs

Adjustment of income tax in next financial year

whether over income tax of financial year 2016 17 can adjust in f y 2017 18 or not

How to pay advance tax on unexpected income?

For example if yougetan unexpected payment just beforethe March how will you pay the advance tax Would that attract fines

Share trading income

if client had done trading in share market so have i to maintain that entry in books of account or else directly have i to show those transaction in ITR if yes than under which head have i to show the share trading income have i to bifurcate less one year transaction or more than one year transactio

How to declared previous year income?

I have income from year 2014 which I failed to declare due to some reason How can I declare the same now to the income tax department

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Important formats and points applicable under the GST Act


As we all are aware that we are passing through the regime where entire indirect system is switching over to the GST which is governed by four Acts i e IGST CGST SGST UGST All the four acts will work in their respective spheres as per their applicability It is very important to discuss that under th


Income Tax Return forms Applicable for A.Y 2017-18


Rule 12 of Income tax rule 1962 prescribes the ITR forms to be furnished by a person in the manner specified therein The CBDT vide Notification No 21 2017 dated 30 03 2017 amended rule 12 to prescribe new ITR forms applicable for AY 2017 18 In order to reduce the compliance burden on the individual


Various types of Assessment under Income Tax Act, 1961


Various types of Assessment under Income Tax Act 1961 Amended by Finance Act 2016 Every Person who is earning which is chargeable to tax has to furnish his return of income to the Income Tax Department After filling of return of income the next step is the processing of income tax return by the Inco


Provisions regarding quoting of Adhaar in PAN & Income Tax returns


Provisions of section 139AA of the Income Tax Act 1961 Quoting of Aadhaar number read with attached notification no 37 2017 dated May 11 2017 139AA 1 Every person who is eligible to obtain Aadhaar number shall on or after the 1st day of July 2017 quote Aadhaar number i in the application form for al


Presumptive income scheme for professionals - An insight


Introduction The Finance Act 2016 has introduced a new presumptive income scheme for professionals by inserting a new section 44ADA into the Income Tax Act 1961 The new section has come into force with effect from 01 04 2017 i e from AY 2017 18 So from AY 2017 18 professionals will have an option to


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Updated on : 6/20/2017 8:33:14 AM


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