deduction under section 80e


Equalisation levy of 6 percent will come into force from 1st June


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Govt invites suggestion on MAT framework for computation of book profit

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 28th April 2016 Subject Framework for computation of book profit for the purposes of levy of MAT u

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CBDT will pay interest on refund for excess TDS deposited

Payment of interest on refund under section 244A of excess TDS deposited under section 195 of the Income tax Act 1961

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MVAT rate changed to 5.5 percent

FINANCE DEPARTMENT Madam Cama Marg Hutatma Rajguru Chowk Mantralaya Mumbai 400032 dated the 30th March 2016 NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT 2002 No VAT 1516 C R 31 Taxation 1 In exercise

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CBDT requests Taxpayers to use Online rectification facility

Income tax Act provides the taxpayer with an option to seek rectification of mistakes apparent from record under section 154 of the Act The e filing portal of the Income Tax Department provides the ut

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Experts Opinions

Deduction u/s 80c

Whether premium paid under HDFC life super income plan allowed as deduction u s 80C and upto what amount

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deduction u/s 80c

I have taken HDFC Life Super Income Plan I have paid premium of Rs 100000 during the year and sum assured of policy is as under sum assured on maturity Rs 587966 sum assured on death Rs 964970 How muc

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Section 54 .date of agreement of sale/date offinal sale deed

Facts My Client had Sold a Property Agreement of Sale was entered in Feb 2015 Final Sale deed was entered in April 2016 and Possession was given on the same date Question 1 In Which Assessment Year Ca

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Taxablity and tds deduction for interest income of uk nri

Dear sir My client is NRI earn Rs 150000 INTEREST income in india He is of United Kingdom whether he has to pay tax in India What is the rate please suggest with correspondent to DTAA

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section 220/2)

Sir Is it necessary that under section 220 2 the interest is interest on TDS Demand or it may be other interest

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Freelance should i limit turnover for section 44ada

Hi I am freelance working for US company for india on hourly bases as software developer Based on project I am expecting to do business around 56 Lakh in this finiance year This whole project is only

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Can i claim deduction u/s 80d and 80ddb both?

Every year I claim deduction u s 80D for mediclaim premium for my parents dependents Last FY I paid mediclaim premium so want to claim that u s 80D Last FY I also had to pay the difference between act

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Claiming of exemption under section 54

Dear friends one of my client sold two Residential houses one was given on rent in different dates in the fy 2015 16 and after selling he had no residential house and simultaneously he purchased two r

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Regarding section 62(3)

what is the solution for preferential allotment pursuant to conversion of loans into equity shares when is condition stipulated in section 62 3 have not been fulfill

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Rule 8D of section 14A amended vide Notification No. 43/2016

Rule 8D amended by CBDT vide Notification No 43 2016 F No 370142 7 2016 TPL Formula for Interest expense not directly attributable to exempt income deleted Expenditure claimed set as maximum limit GOV

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File Download

  • Transactions which are not regarded as transfer [Section 47]

    Transactions which are not regarded as transfer Section 47


  • Circular for clarification on amendment in section 206C

    Circular No 22 2016 Dated June 8 2016 Clarification on amendment by Budget 2016 Section 206C of Income Tax Act TCS


  • Circular on Section 14A

    CBDT notifies amended Rule 8D for computation of disallowance u s 14A clarifies that amount of disallowance as computed under Rule 8D shall not exceed total expenditure claimed by the assessee Deletes sub clause ii in Rule 8D 2 which dealt with computation of expenditure towards interest not directly attributable to any particular income receipt as per the prescribed formula Increases the rate to be applied on annual average value of investments from 0 5 to 1 Amended Rule shall come into force on the date of its publication in the Official Gazette CBDT


  • NCLT Covered Sections

    A brief list on NCLT covered sections


  • TCS Section206C (I T Act 1961)

    TCS Section206C I T Act 1961


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Chapter VI A deductions and Tax Slab Rates for FY 2015-2016 (AY 2016-2017) for Individuals

Chapter VI A Deductions for FY 2015 16 AY 2016 17 for Individuals Section Eligible Assessee Particulars Remarks 80C Individual HUF Sums paid or deposited in PY Employee Provident Fund Pension Annuity

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No TCS on provision of any service due to drafting anomaly in Section 206C of IT Act

I am sure that you are completely surprised by the title because nobody has yet pointed out such an anomaly You heard it right and please do let me explain The Honble Finance Minister Shri Arun Jaitle

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About 29 new sections notified on June 1st 2016 in CA 2013

Hi All MCA had notified 29 new sections through exercise of the powers conferred by sub section 3 of section 1 of the Companies Act 2013 18 of 2013 By this the Central Government hereby appoints the 0

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Complete understanding of Section 62 and 42 of the Companies Act 2013

A COMPLETE AND CLEAR UNDERSTANDING OF SECTION 62 42 OF THE COMPANIES ACT 2013 FURTHER ISSUE OF SHARE CAPITAL Section 62 of the Companies Act 2013 1 Where at any time a company having a share capital p

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Section 115JB of the income tax act

SECTION 115JB OF INCOME TAX ACT 1961 SPECIAL PROVISION FOR PAYMENT OF TAX BY CERTAIN COMPANIES AFTER BUDGET 2016 This section is nothing but the Minimum Tax that a company is required to pay This sect

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Updated on : 6/12/2016 11:53:13 AM

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