income from salary pdf

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PAN details of CAs to avoid blocking of e-filing account by the IT Dept


I Members who have not shared their PAN with ICAI It has been informed by the Income Tax Department that the e Filing account of the members who have not provided their PAN details to the Institute but are using e filing account with Income Tax Department will be blocked by the Income Tax Authoritie

Unique pin code allotted to CPC Bangalore for submission of ITR V


A unique PINCODE 560500 has been allotted to Centralized Processing Centre CPC Income Tax Department located in Bengaluru by the Department of Post Taxpayers can henceforth address their mails to Centralized Processing Center Income Tax Department Bengaluru 560500 for the purpose of submission of IT

Over 60000 persons identified for investigation into excessive cash sales


Over 60 000 persons including 1300 high risk persons identified for investigation into claims of excessive cash sales under Central Board of Direct Tax CBDT s Operation Clean Money OCM Extensive enforcement action by the Income Tax Department ITD has led to seizures worth over Rs 818 crore and detec

Tax Exemption to Startups


Various tax exemptions have been given to Startups in the recent past Followingdirect tax incentives were provided in Income tax Act 1961 the Act to promote Start ups through Finance Act 2016 Introduction of new section 54EE in Income tax Act 1961 to exempt investmentof long term capital gains by an

Draft of Notification to be issued under third proviso to the clause (38) of section 10 of the IT Act


Draft of Notification to be issued under third proviso to the clause 38 of section 10 of the Income tax Act 1961 In exercise of the powers conferred by third proviso to the clause 38 of section 10 of the Income tax Act 1961 43 of 1961 the Central Government hereby for the purposes of the said provis

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IT RETUN FOR AGRI INCOME


hello my uncle is getting Rs 30000 by way of agriculture per month The activity is purely agri in nature Whether IT return showing this has to be filed also i want to know when ITR filing only with agri income becomes mandatory

Tds on salary


how to deduct tds on salary if incentive is give with salary example salary is 25000 thousand and incentive is 10000 and we paid 35000 how much tds deduct is tds deduct on incentive

Interest Income


amount borrowed 12 and given at higher rate say 15 income under other sources will be 15 or 15 12 3

Regarding tds on salary


Mr X has income from salary for the FY 2016 17 is Rs 290000 00 Is Mr X salary is liable for TDS If yes how much tds amount to pay and section 87A is applicable Please reply on urgent

Tds on salary


Mr X has income from salary for the FY 2016 17 is Rs 290000 00 and he made investment under section 80C for Rs 48000 00 in LIC Is Mr X salary is liable for TDS If yes how much tds amount to pay Please reply on urgent

Discussion

Income tax accounting enteries

i want to know accounting enteries of advance tax paid in year is rs5000 and total tax payable is rs 6000 then 1000 is self assessment tax and is paid in next year i e in ay then what will be enteries in fy

non taxable of gulf income in India

why income earned by indian in gulf country is not taxable in India

Can i file income tax return for fy 2014-2015 now?

Hi I got an initimation from income tax department regarding not filling of income tax return for FY 2014 2015 Can I go ahead and file income tax return for FY 2014 2015 now Actually I was non taxable for FY 2014 2015 Appriciate your quick response as I need to give appropriate reason in the income

income tax

1 is club membership fee of an individual is taxable 2 I have property in Pune and maintenance is 4500 a month in which head of account it is to be written off and is it taxable3 How come you calculate service tax on above 500000 rupees

Paid income tax in itns 280 instead of 281

Sir I am govt employee The lessTDS of FY 2016 17 AY 201 18 has been deposited instead of actual TDS The remaining TDS has been deposited by me through ITNS 280 instead of ITNS 281 on 21 04 2017 How can I solve this problem

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Presumptive income scheme for professionals - An insight


Introduction The Finance Act 2016 has introduced a new presumptive income scheme for professionals by inserting a new section 44ADA into the Income Tax Act 1961 The new section has come into force with effect from 01 04 2017 i e from AY 2017 18 So from AY 2017 18 professionals will have an option to


New Income Tax Rules - What you must know?


Hail the new financial year 2017 18 and ITR never looked sleeker and simpler While GST remains the star of this year the ITR 2 2A and 3 mergers is no less important The Finance Minister did what he promised and halved the income tax rates for the income group Rs 2 5 5 lakhs As an assessee these are


Nine major changes in the New income-tax returns


Arjuna Fictional Character Krishna the Income Tax department has introduced the new forms for filing the income tax Returns in the financial year 2016 17 The question is what changes have they made in these forms On the occasion of Ram Navmi on 4th April lets discuss the Nine major changes in ITR Kr


Waiver of interest charged u/s 201(1A)(i) of the Income Tax Act 1961


CBDT has issued guidelines for waiver of interest charged u s 201 1A i vide circular No 11 2017 dated 24 03 2017 According to this circular CBDT empower to Chief Commission of Income Tax and Director General of Income Tax may reduce or for waiver of interest charged u s 201 1A i of the Act in the fo


Changes in Income Tax law from 1st April 2017


1 Limit for payment of expenses by cash Both capital and revenue expenditure reduced from Rs 20 000 to Rs 10 000 per day in aggregate per person 2 No Person shall receive an amount of two lakh rupees or more by cash Sec 269ST 3 For below Rs 2 crores turnover cases For Non cash sales through Digital


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Updated on : 4/27/2017 3:40:35 AM


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