income from business and profession


Taxation of income from off-shore Rupee Denominated Bonds

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 29th October 2015 Subject Taxation of income from off shore Rupee Denominated Bonds reg The Reserv

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Two CAs in committee to simplify income tax act setup by govt

The Government of India has constituted a Committee with a view to simplify the provisions of the Income Tax Act 1961 with the following composition i Justice R V Easwar Retd former Judge Delhi High C

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E sahyog portal for settling IT return claims online launched

The Union Finance Minister Shri Arun Jaitley Launches The E Sahyog Pilot Project of The Income Tax Department to Facilitate Taxpayers The Income tax Department is committed to the Digital India initia

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Draft business process on GST registration put up online

Draft Business Processes on GST registration GST refunds and GST payments put up on mygov in for inviting comments Comments and views are invited on these business processes by 31st October 2015 The d

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ICMAI - President Communique October 2015

You have the right to work but never to the fruit of work You should never engage in action for the sake of reward nor should you long for inaction Bhagavad Gita My Dear Professional Colleagues Namask

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Experts Opinions

Capital gain income can be obtain from file itr

whether capital gain income can be obtained through file Income taxreturn

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Can f&o loss be adjusted against profession income

F O loss is non specualtive loss as per 43 5 so can it be adjusted against profession income i guess yes but the trap is sec 44AD where sec 44AD is not applicable to professionals so that means i cant

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Business law

Please give a simple example that will make me understand the difference between waggering and contingent contracts Thanks

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How to file the return when we have two business on one tin

my client have two business 1 builder 2 baby cloth retailer as proprietor of both business is same so vat tin no of both business is same so under this case which form will be applicable to him both t

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Consulting business

One of our client wants to set up a business of providing consultancy services in India The name of the proposed business is similar to a company set up in Miami Can he register his company in India w

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I am a student of final year bba (business administration)

i want to know where to start and to go about to make a career abroad work for a few years and set up my own consultancy to cater in future

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How to pay professional tax in gujarat

SIR Can any one let me know how to pay professional tax in gujarat as i am registaring a partnership firm in which receipt forpayment of professional tax needs to be uploded so how can i pay the profe

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Desperate for clever ideas - huge interest income - tax fili

Is any expert can help with some good ideas in submiting valid leads My cousin got an income of 14 laks via Bank interest last year Now she got a letter from Income tax for the first time to do filing

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Non-salaried senior citizen, tax exemption, income on intere

Hi Experts I need a suggestion in regard to CLEVER Tax planning exemptions My cousin received 15 laks as bank interest in last financial year Now Incomtax dept wants her to file for last 2 years She i

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Income tax - housing loan

Dear sir I availed a housing loan from canara bank and constructed a house in my mothers property I am paying the FULL EMI Me and my mother co borrower in Loan I am not the co owner of the property No

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File Download

  • Case laws on Section 2(13) of Income Tax Act, 1961

    Case laws


  • DT Laws-CA,CMA,CS N15&D15-MAT in 10 mnts Memory Base V.V.IMP

    Entire syllabus of Direct Taxes covered in less than 200 pages without diluting the syllabus Easy to cover syllabus in a week who is in employment and unable to complete portion in time Finance Act 2014 are duly incorporated Applicable for November 2015 for following professional examinations 1 CA Final Paper 7 Direct Tax Laws 2 C M A Intermediate Paper 4 Direct Taxation 3 C S Executive Paper 7 Tax Laws and Practices


  • List of Benefits available to small business

    List of Benefits available to small business


  • Income tax calculator with deductions

    income tax calculator with deductions


  • Basic things about Income Tax for Salaries person

    Basic things about Income Tax for Salaries person


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SAP - Basic concept for professionals

What is SAP System Application Product SAP software is that it integrates the flow of information between various business processes and basic transaction with company financial system in real time It

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Must read Case Laws for Professionals & Students- Part 2

The difference between an employed person and professional is far and wide A person in normal employment may have a lax attitude towards the updates in the society but professionals can and should nev

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Differences between Income Computation and Disclosure Standard and Accounting Standard

Statement showing differences between Income Computation and Disclosure Standard and Accounting Standard ICDS corresponding to accounting Standards ICDS No ICDS Corresponding to AS Applicability on JA

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Enigma in VAT for E-commerce business

E commerce has been budding as a new endeavor in the past few decades It has brought about a breakthrough in all possible fields and interests including consumer behavior supply and demand of products

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Trends in emerging markets and the role of professional accountants

CCI in an exclusive interaction with Stephen Heathcote Executive Director Markets at ACCAandRaymond Jack Executive Director Finance Operationsat ACCA Responses to be attributed toRaymond Jack Executiv

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Updated on : 10/30/2015 11:53:11 AM

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