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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Finally tax audit return due date extended for whole country to 31st October

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 1st October 2015 Subject Extension of date for filing of Income tax returns and tax audit reports

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Circulation of Fake order for extension of due date : CBDT

Circulation of Fake order for extension of due date for filing of Audit report and return of Income for Assessment Year 2015 16

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Experts Opinions

Income tax

A partnership montessori school collect tution fee from tiny student The total fee received for the financial year 2014 2015 above Rs 42 Lakhs and profit ratio beore partners remuneration above 8 Ther

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Income tax related

hi I have files ITR 1 and in that case I have downloaded 26AS of the assessee wherein TDS is monthwise deducted should i show monthwise quarterwise TDS amount in ITR 1 in TDS column or should i show t

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Rental income in huf

Dear All Please help me i have property in the name of HUF and the rent income from this property is around 70Lakh and against expenses is Rs 50Lakh My Question is 1 HUF Liable for Tax Audit 2 HUF Lia

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Horse race income

Horse Race Income Which Head i have to disclosed Individuals St anded dedication can claim for TDS Claiming I dont have any Income Others then this Please clarify this matters

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Maturity for independant income

Anyone above 18 years age can have independant income and and file return separatly or he has to be a part of parents in accounting and filing return

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Income tax on long term capital gain

My father in law has sold his old house for 67 lacs and paid 2 lacs to real estate agent in the month of October 2015 He had purchased this house in 1978 for Rs 12 000 His second daughter bought one f

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Regarding non submission of income tax return

I have got a letter from IT department regarding non submission of income tax return for some particular assessment year what should I do deal with this matter and I want to know the consequences of n

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Salary payment on prorata basis

If a permanantworkmen works for 18 days in a month How is his wage computed Should it be18 26 Monthly Wages or18 30x Monthly Wages Is there any specific act which statesthe method to be used forprorat

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Incometax paid to wrong head

Hi I have an query on IT payment we Company paid IT tax in the month of May 2010 through challan in SBI bank Our people had made a small mistake now big instead of paying under the Head 300 self asses

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Income tax refund

Dear All Can you advise where to put Income tax refund amount of A Y 2013 14 A Y 2014 15 if it comes in A Y 2016 17 Kindly note that it is Proprietary firm Many thanks for your valuable answers

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File Download

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

    Case laws


  • 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


  • Income Tax Returns ITR 2A

    ASSESS OF 2015 16


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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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Basic about income tax department

Introduction Income Tax Return Audit is normally filled online at income tax department website Herein I would like to discuss some basic knowledge about the working of income tax department Generally

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How to tackle with income tax notices

Many of my family members friends are receiving notices from Income tax department usually any communication from the Income Tax department especially receiving a notice from them can send shivers dow

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Agricultural income

Agricultural Income As per Sec 10 1 Agricultural income earned by the tax payer in India is exempt from paying Tax What is Agricultural Income Sec 2 1A defines agriculture income to mean Any rent or r

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Black Money (Undisclosed Foreign Income and Assets ) and Imposition of Tax Act 2015

1 What is this new Act all about Flight of money representing undisclosed incomes and asset creation abroad has been a perennial source of concern As a one time measure to combat control and bring to

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Updated on : 11/6/2015 8:21:08 PM

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