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computation of total income format


ICDS not applicable for November, 2016 Exam

Students appearing in November 2016 examination may note that Income Computation and Disclosure Standards ICDS shall not be applicable ICDS need not be applied for computation of incomeor for answering application based or knowledge based questions Final Paper 7 Direct Tax Laws IIPCE Paper 4 Taxatio

CBI arrests an income tax officer and inspector of income tax in a bribery case

The Central Bureau of Investigation has arrested an Income Tax Officer for accepting a bribe of Rs Three Lakh and an Inspector of Income Tax for accepting a bribe of Rs 5000 from the Complainant A case was registered U s 7 of the PC Act 1988 against the ITO 30 1 3 BKC Mumbai for demanding an amount

CBDT confirms strict confidentiality under IDS scheme

CBDT committed to Strict Confidentiality under Income Declaration Scheme 2016 While announcing the results of the Income Declaration Scheme 2016 on 1st October 2016 at a press conference in Delhi the Honourable Finance Minister Shri Arun Jaitley stressed that no break up of these declarations on the

IDS 2016 scheme unearths Rs 65250 crore black

Income Declaration Scheme 2016 unearths Rs 65250 crore of hitherto Undeclared Income and Assets 64275 declarations filed under IDS 2016 up to the midnight of 30th September 2016 The Income Declaration Scheme 2016 came into effect from 1stJune 2016 It provided an opportunity to persons who had not pa

IDS declaration counter to remain open till midnight on 30th September

In order to facilitate the declarants counters for receiving declarations under the Income Declaration Scheme 2016 to remain functional till 12 00 midnight on 30th September 2016 In order to facilitate the declarants who would like to file the declaration in paper form under the Income Declaration S

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annual information return

when n how to file annual information for nsdl and is der penalty for late filing

Clarification regarding income tax


Itr5 other information 2 column.

Sir we have disallowed the vat u s 43B and shown as liability in balance sheet as Vat 240 Payable my query is how to show this information in ITR5 other information 2 column in other information 2 column point no 11 says Any amount debited to profit and loss account of the previous year but disallow

Income tax filling/26 as mismatch

Daer Experts We have partnership firm and was about to file our ITR Sale 60 lac Profit 8 but on checking 26 AS one our main vendor has wrongly quoted our pan in his tds return as such amount of Rs 70000 is not reflecting in our 26AS We have asked him to rectify the same The last date of filling is 1

Epf entry date & nature of epf for income tax purposes.

My client is an employee in BSNL he has undergone training w e f 24 08 2015 to 06 11 2015 and deduction of EPF is also made from the stipend of the said period He joined for regular duty w e f 07 11 2015 but he has been paid stipend from 24 08 2015 to 06 11 2015 and salary from 07 11 2015 to 31 12 2


Challan 286 ids in fillable format

Hi all Does any of you have Challan for IDS form 286 in fillable PDF or excel format Kindly help

Section 8 companies - itr - income tax

A Company is incorporated under Section 8 of the Companies Act 2013 in FY 2014 15 This Company is eligible to take exemptions benefits under Sections 11 and 12 of the Income Tax Act 1961 but the Company has not registered under Section 12A of IT Act 1961 till date 1 Now the Company is going to file

Taxation of income earned in saudi arabia by ror of india

Doctor was practicing in India In 2015 16 he received Professional Receipt in India upto Dec 2015 From January 2016 he shifted to Saudi Arabia and received income in Saudi Arabia Now what ever the Income earned in India upto Dec 2015 is taxable in India I am clear with logic of Global Income is taxa

Hosue rental income & income tax applicability

Dear Respected Friends My age is 51 Male so not going to jobs My planned income for Ap2016 Mar2017 SB account interest income Rs 4000 pa Rental income from my Apartment xyz Rs 1 50 000 pa I am staying in my own Apartment ABC Both Apartment purchased with Ready cash no bank loan FD interest Rs 15000

How to file income tax audit

hello eXperts can please guide me how to file income tax audit of a proprietor have two business and both are in audit

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Impact of GST on Income Tax Act 1961

Introduction GST is pegged to be one of the biggest game changers for Indian economy making India one unified common market The April 1 2017 rollout deadline for the new indirect tax regime looks tough but not impossible and both the states and Centre are ready in terms of preparedness It will subsu

Highlights of Draft GST Rules & Formats which got approved by the GST Council

The Government is not leaving any stone unturned to roll out the much awaited indirect tax reform from April 1 2017 In less than a week after the first meeting of the GST Council on September 22 23 2016 the Central Board of Excise and Customs CBEC on September 26 2016 has unveiled the Draft Rules an

Battle of Love for Money and Fear of Income Tax - IDS?

Arjuna Fictional Character Krishna nowadays income tax department is conducting survey raids etc almost everywhere Because of this confusion is arising among people What is its intention Please give details about it Krishna Fictional Character Arjuna to get black money disclosed government has intro

Income Disclosure Scheme 2016 (IDS 2016) - An Opportunity

Income Declaration Scheme 2016 which is famously known as IDS 2016 IDS 2016 is an Opportunity to the Tax Evaders This small attempt has been made to analyze the various aspect of this Scheme This article is not based on the technicality of the scheme section by section but in simple way to make one

All about Income from Undisclosed Sources

In this article you can gain complete knowledge about various provisions relating to tax treatment of Undisclosed Sources Section 68 The provisions relating to tax treatment of cash credit are given in section 68 What is CASH CREDIT Any sum found credited in the books of the taxpayer for which he of

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Updated on : 10/18/2016 2:40:13 PM


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