Return filing date extended to 31st Aug from 31st July for AY 15-16

F No 225 154 2015 ITA II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block ITA II Division New Delhi the 10th June 2015 Order under section 119 of

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ITR 1,2 and 4S simplified for convenience of taxpayers

Income Tax Return Forms ITR 1 2 and 4S Simplified for Convenience of the Tax Payers A New Form ITR 2A Proposed which can be Filed by an Individual or HUF who does not have Capital Gains Income from Bu

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FM exhorts senior tax officers to be prompt in redressing grievance of taxpayers

Finance Minister Shri Arun Jaitley Exhorts the Senior Officers of Income Tax Department to be Prompt in Redressing the Grievances of the Tax Payers Expand the Tax Base in a Non Intrusive Manner while

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Grievances relating to verification and correction of demand outstanding against taxpayers

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Subject Grievances relating to verification and correction of demand outstanding against taxpayers The Incom

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Income tax related public grievances

The Citizens Charter 2014 of Income Tax Department includes Redressal of grievances within the specified timeline of 60 days as one of the key taxpayer services provided by the Department Redressal of

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Experts Opinions

Foreign exchange income

Sir A hotel converts foreign currency for foreign visitors to its hotel at the time they arrive and later get those foreign currency converted through Centrum Meanwhile It generates income by paying l

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Income from long term capital gain

hi all one of my relative has received a notice from itd regarding tax on capital gain she sold agriculture land in f y 13 14 which was purchased in f y 2010 11 sale consideration received was Rs 11 5

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Itr 4 of income tax

When ITR 4 filing will be started for AY 15 16

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Accrued interest for income tax return

I have Fixed Deposits with bank Upto last year bank was providing interest certificate for actual interest paid This year they have provided interest certificate for interest paid accrued interest Als

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Salary payment

dear all the experts solve it as per sec40a 3 any payment exceeding 20000rs is not allowable but sir have paid 30000 salary in cash p m to my employee so can i paid 30000 by two installment of cash pa

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Calculation of gross salary

can someone tell me how to calculate gross to net

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Spouse income on gift amount from retirement benefits

I retired this year and gifted my tax free retirement benefits like GPF to my wife for marriage of my daughter She put this money in FD She has no other income than interest on FDs Interest income on

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Scope of section 10(20) of income tax act

Is rent paid to secretariat comes under the ambit of section of 10 20 and exempt for deducting TDS

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Computation of income in case of trust audit

Hello My question is I am conducting audit of a trust whose Gross receipts including voluntary contrbution is Rs 373678 and it has utilised by way of expenses Rs 318200 Now I want to know 15 set apart

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Computation of gross salary

It would be great if anyone help me to compute Taxable Income from the below details I need this to pay Self assesment TAX and submit ITR2 TOTAL TAXABLE INCOME FROM SALARY INCOME 408000 00 It includin

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  • Income Tax calculator A.Y 2014-15,2015-16 & 2016-17

    Income tax calculator Individual Company and Firm Following type income calculate tax 1 Salary income 2 House property 3 PGBP Income 4 Capital gain U s 111A U s 112 and Normal capital gain 5 Other source income 6 Agriculture income Interest calculate Under section 234A 234B and 234C also HRA calculation


  • Investment Banking Book

    The first edition of Investment Banking appeared in 2010 and I am encouraged to launch its 4th edition in about 51 months from the initial beginning The success of the previous editions made me more determined to build further on its contents to provide the readers bankers analysts students professors with more at the desk practical reference material I believe that the book appeals to readers around the globe as it advocates the logical approach and universal fundamentals The book has been expanded updated and improved with growing experiences of training and working in the investment banking sector The book has been updated and expanded with a try to make it more reader friendly To make the book easier to navigate we have broken up long chapters from the previous edition into shorter chapters so that each chapter is of a more manageable size and the reader can find important topics faster An important addition to the book is inclusion of income based valuation method i e DCF Valuation that has a wide range of applications including valuation for various M A situations IPOs restructuring and investment decisions


  • Income from house property

    all about Income from house property in brief


  • Checklist for Personal Income

    checklist for Personal Income


  • How much to invest for getting fixed monthly income

    How much to Invest for getting fixed monthly income


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Hamari Aadhuri Kahani. Non receipt of Income Tax Refund!

Arjuna Fictional Character Income Tax Department has issued Circular No 09 2015 dated 9th June 2015 regarding income tax refund Taxpayer wants Refund of excess of Income Tax paid as early as possible

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School reopens! Unresolved questions of its Fees in Income Tax

Karneeti Part 101 School reopens Unresolved questions of its Fees in Income Tax Arjuna Fictional Character Krishna June is here Schools colleges soon will reopen Therefore Parents are busy in their ch

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How to save income tax on salary

The objective of this blog is to empower the employees with knowledge by providing Minimum Income Tax knowledge that would enable him to save Maximum Income Tax by restructuring their respective Salar

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Simplified income tax return forms

A New Form ITR 2A is proposed which can be Filed by an Individual or HUF who does not have Capital Gains Income from Business Profession or Foreign Asset Foreign Income In Form ITR 2 and the New Form

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Income from salary

INCOME FROM SALARIES Any remuneration paid by an employer to his employee in consideration of his service is called Salary It includes monetary value of those benefits and facilities provided by the e

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Updated on : 6/21/2015 4:29:08 AM