computation of total income format

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Clarification regarding transitional credit and extension of GSTR3B


Government of India Ministry of Finance 17 August 2017 20 03 IST On Clarification regardingavailability of Transitional Credit for GST As per the rules the Goods and Services Tax GST for the month of July 2017 has to be paid by 20th August 2017 Only after the payment of full GST return in summary Fo

Accounting treatment for property, plant and equipment


Indian Accounting Standard Ind AS 16 Property Plant and Equipment prescribe the accounting treatment for property plant and equipment so that users of the financial statements can discern information about an entitys investment in its property plant and equipment and the changes in such investment T

Extension of last date for MEF filing to 25th August


For kind information of all practicing members of Institute Extension of Multipurpose Empanelment Form for the year 2017 18 The last date of online filing of MEF 2017 18 is hereby extended from 15th August 2017 to 25th August 2017 and the last date of submission of duly signed hard copy of declarati

25 percent growth in number of Income Tax Returns filed


25 growth in number of Income Tax Returns filed in current fiscal Advance Tax Personal Income Tax collections up by 41 As a result of demonetization and Operation Clean Money there is a substantial increase in the number of Income Tax Returns ITRs filed The number of Returns filed as on 05 08 2017 s

Income tax offices to remain open till midnight today


In view of the difficulties faced by taxpayers the due date for filing of Income Tax Returns for F Y 2016 2017 i e Assessment Year A Y 2017 2018 was extended to 5th August 2017 for certain categories of taxpayers In order to facilitate manual filing of returns of aforesaid categories on 5th August 2

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Experts Opinions

Agriculture income


if an assessee does not own farm land but he takes it on a rent from actual owner farmer for farming purpose and sale the crop grown from it gross receipt of Rs 325000 net income of Rs 135000 and he also sales fruits and vegetables on wholesale and retail basis by purchasing from others total t o Rs

Tax audit, income tax


If the turnover of the Partnership Firm is below One Crore and Net income showing loss for the financial Year 2016 17 in this case whether Tax Audit is compulsory or ITR can be file without tax audit

Board resolution format


I want format of 1 Board resolution stating that the company is not carrying on any Housing Finance Institution activity and will not commence the same before getting registration from NHB 2 Board Resolution specifically approving the submission of the application for certificate of registration for

Gst rent income - clarifications


Dear Sir I would like to get Clarification on GST to be charged on Commercial Rent Do an individual Sole Properitor of a Business Regular having Turnover of Business above 20 Lakhs Registered in GST Receiving Residential Rent 4 Lakhs Commercial Rent 4 Lakhs in the Individual Personal Name Note ALREA

GST on Commission income from co operative society


plz tell me commission received from co op socity is taxable and what is the provision relating to this Thanks in advance

Discussion

Short refund of income tax refund for f.y 2016 -2017

What to do when Income is not taxable i e 1 29 000 and tds Deducted 9363 and refund received only 1060 i talked with cpc bangluru and rectification department but all theyare helpless they cant solve the problem please anybody can solve this problem i received initimation 143 1 after request on satu

Capital gain income of a salaried person

If one peson has his source of Income under the head income from salary For a particular year he sold one of his land which he purchased 5 years back Hence his source of income will be 1 Income from Salary 2 Income from Long term Capital Gain Which ITR form will be required to file his return Assumi

Agriculture Income

Ag income is not taxed hence expenses incurred on agcl Not allowed as expenses Is it correct

Income tax deductions

Hi guys Im filing returns from the A Y 2009 10 now But I have no bills of all those years Now how to claim deduction for expenditure Can I just enter any reasonable values or is any standard percentage for that

income tax

can individual get tax rebate on account of medical treatment of relative plz explain

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File Download

  • GSTR Computation File

    GSTR 1
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    This excel sheet is useful for calculation of actual GST payable refund Users can use it on monthly basis as well
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    GST Tax invoice format having formulas
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  • GSTR 3B Computation

    The file contains GSTR 3B Computation The format is very easy to fill and can be used to collect data from your clients you can provide your Feedback Suggestion on camayur2 gmail com

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Articles

Be alert about the new process of refund under the Income tax Act


Refund process under the Income tax becomes more stricter than earlier through the amended Section 143 1 A of the Income Tax Act The Income tax department is suspecting that most of the taxpayers are getting refunds by declaring the taxable income comparatively lesser than the issued Form 16 16A The


Cash Transactions - Legal Backup(Income Tax)


Income Tax Provisions on Cash Transactions Section 269ST AND 271DA Section 40A 3 Section 269SS AND Section 271D Section 269T AND Section 271E Section 43 1 Section 269ST AND 271DA 269ST This section is attracted when Any Person receives cash more than 2 lakhs from any person From Same person in a day


Changes in Income Tax Return Forms A.Y. 2017-2018


Changes in Income Tax Return Forms A Y 2017 2018 Introduction of newSINGLE PAGE ITRForm 1 Sahaj This initiative will benefit more than two crore tax payers who will be eligible to file their return of income in this simplified Form The number of Income Tax Return Forms AY 2017 18 FY 2016 2017 has be


Draft Format of Tax Invoice under GST


Below is the draft format for tax invoice under Goods Services Tax This format is prepared considering the rule of GST regarding valid tax invoice Please note that this is one kind of tax invoice the design can be adopted and modified according to ones needs Points to note 1 In case of export of goo


GST Provisions - Information Technology Sector


It is said that uncertainty in law is the greatest tyranny Software or Information Technology sector has been struggling with uncertainty in taxation matters for long Firstly an issue was raised whether software is a goods or service The issue was always contentious Other issue was raised as to whet


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Updated on : 8/21/2017 7:31:06 PM


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