income from salary pdf

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25 percent growth in number of Income Tax Returns filed


25 growth in number of Income Tax Returns filed in current fiscal Advance Tax Personal Income Tax collections up by 41 As a result of demonetization and Operation Clean Money there is a substantial increase in the number of Income Tax Returns ITRs filed The number of Returns filed as on 05 08 2017 s

Income tax offices to remain open till midnight today


In view of the difficulties faced by taxpayers the due date for filing of Income Tax Returns for F Y 2016 2017 i e Assessment Year A Y 2017 2018 was extended to 5th August 2017 for certain categories of taxpayers In order to facilitate manual filing of returns of aforesaid categories on 5th August 2

Date for ITR filing extended to 5th August 2017


Extension of date for filing of Income Tax Returns extended for five days up to 5th August 2017 There are some complaints that the taxpayers are not being able to log on to the e filing website of Income Tax Department or not being able to link Aadhaar with PAN because of different names reflected i

Relevant part of MAT-Ind AS Committee Report


Relevant part of MAT Ind AS Committee Report dated 17th June 2017 containing recommendations regarding amendment to the provisions of the section 115JB of the Income tax Act 1961 in respect of Ind AS Compliant Companies Under Ind AS there are certain transactions with shareholders related parties wh

NRI to submit foreign bank details only in refund cases


Optional reporting of details of one foreign bank account by the non residents in refund cases Refund generated on processing of return of income is currently credited directly to the bank accounts of the tax payers Availability of the detail of bank accounts in which the refund is to be credited is

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income Tax Refund


At which address income tax refund s cheque is sent the one mentioned in the return or the one registered in PAN Thank u in advance

Agriculture income


if an assessee does not own farm land but he takes it on a rent from actual owner farmer for farming purpose and sale the crop grown from it gross receipt of Rs 325000 net income of Rs 135000 and he also sales fruits and vegetables on wholesale and retail basis by purchasing from others total t o Rs

Tax audit, income tax


If the turnover of the Partnership Firm is below One Crore and Net income showing loss for the financial Year 2016 17 in this case whether Tax Audit is compulsory or ITR can be file without tax audit

Gst rent income - clarifications


Dear Sir I would like to get Clarification on GST to be charged on Commercial Rent Do an individual Sole Properitor of a Business Regular having Turnover of Business above 20 Lakhs Registered in GST Receiving Residential Rent 4 Lakhs Commercial Rent 4 Lakhs in the Individual Personal Name Note ALREA

GST on Commission income from co operative society


plz tell me commission received from co op socity is taxable and what is the provision relating to this Thanks in advance

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Regarding aims letter from income tax

Dear Sir I had received AIMS letter from income tax with subject Non filing for income tax return reg 1 The Income Tax Department has received information on financial transactions activities relating to you A list of some of the information for Financial Year 2014 15 is provided below As per record

Capital gain income of a salaried person

Suppose One Indvividual has his source of Income form Income From Salary Now if he has income from Long term Capital Gain then which ITR from he has to fill

Gst on salary paid to temporary

Whether GST shall levy on salary paid to temporary staff

Short refund of income tax refund for f.y 2016 -2017

What to do when Income is not taxable i e 1 29 000 and tds Deducted 9363 and refund received only 1060 i talked with cpc bangluru and rectification department but all theyare helpless they cant solve the problem please anybody can solve this problem i received initimation 143 1 after request on satu

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Be alert about the new process of refund under the Income tax Act


Refund process under the Income tax becomes more stricter than earlier through the amended Section 143 1 A of the Income Tax Act The Income tax department is suspecting that most of the taxpayers are getting refunds by declaring the taxable income comparatively lesser than the issued Form 16 16A The


Cash Transactions - Legal Backup(Income Tax)


Income Tax Provisions on Cash Transactions Section 269ST AND 271DA Section 40A 3 Section 269SS AND Section 271D Section 269T AND Section 271E Section 43 1 Section 269ST AND 271DA 269ST This section is attracted when Any Person receives cash more than 2 lakhs from any person From Same person in a day


Changes in Income Tax Return Forms A.Y. 2017-2018


Changes in Income Tax Return Forms A Y 2017 2018 Introduction of newSINGLE PAGE ITRForm 1 Sahaj This initiative will benefit more than two crore tax payers who will be eligible to file their return of income in this simplified Form The number of Income Tax Return Forms AY 2017 18 FY 2016 2017 has be


Income Tax Return forms Applicable for A.Y 2017-18


Rule 12 of Income tax rule 1962 prescribes the ITR forms to be furnished by a person in the manner specified therein The CBDT vide Notification No 21 2017 dated 30 03 2017 amended rule 12 to prescribe new ITR forms applicable for AY 2017 18 In order to reduce the compliance burden on the individual


Various types of Assessment under Income Tax Act, 1961


Various types of Assessment under Income Tax Act 1961 Amended by Finance Act 2016 Every Person who is earning which is chargeable to tax has to furnish his return of income to the Income Tax Department After filling of return of income the next step is the processing of income tax return by the Inco


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Updated on : 8/22/2017 12:29:08 AM


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