deferred revenue expenditure

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IT deduction from salaries during FY 2015-16


CIRCULAR NO 20 2015 F No 275 192 2015 IT B Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block New Delhi Dated the 2nd December 2015 SUBJECT INCOME

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ICAI replies to not allowing CA to practise law in India


To The Principal Chief Commissioner Income Tax Chandigarh Sub Only enrolled Advocates are licensed to practice Law in India Not to allow Chartered Accountants Non Advocates for practice of law in the

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Phasing out plans of deductions under the income tax act


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 26th November 2015 Subject Finance Ministers Budget announcement phasing out plan of deductions un

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Accounting code for payment of Swachh Bharat cess


Circular No 188 7 2015 ST Dated the 16thNovember 2015 F No 354 129 2015 TRU Pt Government of India Ministry of Finance Department of Revenue Tax Research Unit Dated the 16thNovember 2015 To Principal

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Indirect tax revenue sees a rise of 36.8% in October


Indirect Tax Revenue Provisional collections during October 2015 increased by 36 8 as compared with collections made in October 2014 Cumulatively during April October 2015 Indirect Tax Collections inc

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Experts Opinions

Computation of tax and deferred tax calculation


An asset whose useful life is nil then the remaining carrying amount after retaining residual value is charged to opening reserve surplus as per Schedule II of Companies act 2013 And assets are contin

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Treatment of expenditure on vehicle


If a Transporter purchases a second hand truck and incurs expenditure on it by converting it s body Whether such expenditure is considered as Revenue or Capital Expenditure Reference with Case law wou

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Revenue recogniation


Partners formed a partnership having construction as its business and brought Development Rights into the firm through their capital This firm entered into joint development agreement with other reput

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Deferred tax provision affecting going concern


A company made deferred tax provision on its incorporation exp in the year of its incorporation assuming going concern In the third year after incorporation it decided to be wound off Can it reverse f

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Deferred tax


Concept of Deferred tax liability Mandatory for every company In which case no provision for Deferred tax made is allowable

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Discussion

Section 80C: Deduction in respect of Life Insurance premia, deferred annuity, Contributions to provident fund, subscripttion to certain equity shares or debentrues, etc.

Applicable Only to Individual or HUF Eligible Amount Amount paid or deposited in previous year not exceeding aggregate sum of Rs 1 50 000 i e 100 of amount invested or Rs 1 50 000 whichever is less El

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Deferred tax calculation

An asset whose useful life is nil then the remaining carrying amount after retaining residual value is charged to opening reserve surplus as per Schedule II of Companies act 2013 And assets are contin

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Indirect Tax Revenue (Provisional) Collections Increase from Rs. 44,475 Crore to Rs. 55,297 Crore

Indirect Tax Revenue Provisional Collections Increase from Rs 44 475 Crore in November 2014 to Rs 55 297 Crore During November 2015 An Increase of 24 3 Registered During November 2015 over the Corresp

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Report on the Revenue Neutral Rate and Structure of Rates for the GST

Full Report on the Revenue Neutral Rate and Structure of Rates for the Goods and Services Tax GST by the Committee headed by the Chief Economic Adviser CEA Dr Arvind Subramanian is attached here with

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Expenditure type

my organization recently spent Rs 32L for dedicated server but this server is restored in vendor s place what types of exp should I book in our books

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  • INDAS115 Revenue from Contracts with Customers

    Revenue from Contracts with Customers

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  • Report on Revenue Neutral Rate and Structure of GST Rates

    Report of Committee appointed by the govt ahead of possible implementation of GST to recommend possible tax rates under GST that would be consistent with the present level of revenue collection of Centre and States

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  • Deferred Tax on Depreciation

    Summary of How to calculate Deferred Tax Asset Liability under AS 22

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  • AS-22 Deferred Tax

    Calculates DTA or DTL

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  • Deferred Tax Calculator

    It will calculate deferred tax asset or deferred tax liability

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Articles

Goods & Services Tax (GST): Revenue Neutral Rate of Tax


Introduction of GST is an important step in the direction of much awaited tax reforms With the passage of the Constitution Amendment Bill 2014 for in May 2015 Government is now all set to implement Go


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Overview of tax implication of CSR expenditures


Introduction 1 1 1 The Finance Act 2014 has brought a very radical far reaching amendment asfar as CSR expenditures are concerned 1 1 2 There was a lot of expectation that as a corollary to the CSR re


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Revenue or Capital Expenditure


Companies incur costs to acquire resources that will be used in operations to generate profits Every cost creates either an immediate benefit or a future economic benefit Determining when the company


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Service tax on reimbursable expenditure - Paradox rejuvenated


INTRODUCTION Incurring of reimbursable expenditure by service provider during the course of providing his services and service receiver subsequently reimbursing them is the inevitable business expedie


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Agriculture Income and Expenditure, etc more details asked in New ITR


Karneeti Part 104 Agriculture Income and Expenditure etc more details asked in New ITR Arjuna Fictional Character Krishna in last week Income Tax Department has issued forms for filling Income Tax Ret


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Updated on : 12/16/2015 2:31:10 AM



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