computation of total income format


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

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

CBDT signs 10 more Advance Pricing Agreements

Central Board of Direct Taxes CBDT signs ten 10 more Advance Pricing Agreements APAs pertaining to various sectors of the economy like Telecom Pharmaceutical Banking Finance Steel Retail and Information Technology etc With this the total number of APAs entered into by the CBDT reaches 140 The Centra

Applicability of ICDS for May 2017 CA exams

The Central Government had vide Notification No S O 892 E dated 31 3 2015 in exercise of the powers conferred by section 145 2 notified ten income computation and disclosure standards ICDSs to be followed by all assessees following the mercantile system of accounting for the purposes of computation

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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

Section 68 of income tax

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

Income head

A individual drive a car at howrah Nabanna under WB Government s car now he get money through Bank a c for Rs 19 000 or more including fuel charges but after TDS Therefore please inform me as soon as possible what will be head of income for such income and which ITR FORM may I fill up Thanking You

Income tax

What is the last date for filling 31 3 16 income tax return


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

Regarding filing of income tax return

one of my client received rs 14 lakh in his bank account through NEFT for the marriage of his son from his friend is he required to file the ITR and he have not deposit a pan number to the bank and could he covered in AIR annual information return which is filled by bank to ITdepartment even though

Income Tax

We have applied for compounding of offence u s 276CC and ready to pay compounding fee as per CBDT Guidlines We are private limited company hence AO says directors are also responsible along with the company as per section 278B What is experts opinion If directors are responsible then what amount of

Itr form for income from house property and business

Dear Sir An individual female is having Income from House property and income from tailoring activity She wants to file her income tax returns Now my query is which form has to be used for filing Income Tax returns Regards Ramesh Kandala

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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

Cash credits and its treatment under income tax act, 1961

CASH CREDITS UNDER INCOME TAX ACT 1961 Section 68 of the Income Tax Act 1961 provides that there has to be credit of amounts in the books maintained by the assessee that such credit has to be of a sum during the previous year and that the assessee offers no explanation about the nature and source of

Whether Income Tax Act is discriminatory to the salaried class?

There are various types of individual assessee i e 1 Salaried 2 Professionals specified 3 Professional others 4 Proprietors who owns business of trading or manufacturing 5 Proprietors in some specified businesses 6 Others The tax slabs rate of tax and deductions are almost same for each one class of

A treatise on Section 80P (4) of Income Tax Act 1961

A lot of confusion is prevailing among the ITATs and Income tax authorities as well as the legal practitioners and Chartered accountants on the applicability of the provisions of Section 80P of Income Tax Act 1961 The Section deals with deduction in respect of income of Co operative Societies which

Rationalisation of Income Tax Search and Seizure

I Brief Background The government had introduced Income Declaration Scheme 2016 which came into force from 1st June 2016 and ended on 30th September2016 The scheme provided for an opportunity to persons who have not paid taxes in the past in respect of undisclosed income to come forward and declare

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Updated on : 3/20/2017 1:57:12 PM

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