INCOME FROM SALARY

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FAQ on the Income Declaration Scheme, 2016


Circular No 17 of 2016 F No 142 8 2016 TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes TPL Division Dated 20th of May 2016 Clarifications on the Income

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The Income Declaration Scheme 2016 to open from 1st June 2016


The Income Declaration Scheme 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity to all persons who have not declared income correctly in earlier years to come forward and

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India revises treaty with Mauritius to tax capital gains


India and Mauritius sign the Protocol for amendment of the Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and Capital Gains The Pr

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Declaration of Assets & Liabilities in the new ITR forms


Central Board of Direct Taxes CBDT have released new income tax return formswith mandatory provisions of declaring Assets Liabilities AL such as cars jewellery yacht aircrafts shares properties etc Pr

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4.14 crore return processed without human intervention this year


Optimum Use of Technology for Expeditious Disposal of Assessment and Refunds In FY 2015 16 94 of income tax returns were filed online and 4 14 crore returns processed without any human intervention Mo

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Experts Opinions

ELIGIBILITY OF CSR EXPENDITURE U/S 80 G FOR INCOME TAX PURPOSE


sir is the expenditure incurred for CSR u s 135 of companies act is eligible for deduction u s 80 g of income Tax

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Non filing of income tax return-a.y-2014-15


Hello All Experts My Client has received Non Filing of IT Return A Y 14 15 Can I File Return Under Section 142 1 Online It Has Contain Compliance Should I File only It Return and whether the complianc

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section 206 of income tax Act


is agriculture poultry fishery covered under section 206 of income tax act 1961

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Income tax


If I have started the comany in the fy 15 16 then what rate should be applicable for of income tax is it 29 or 30 Based on 5 crore limit of turnover

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Income Tax Filing F.Y 2014-15 & 2015-16


I have been working abroad since 15th April 2014 till date I filed my IT e file every year before I went out India I visited India on leave 13th April 2015 and stayed till 25th May 2015 in India Since

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Discussion

Income tax

A Company made a advance to Employee as Imprest in cash more than 20000 for normal expenses in daily business activity What deduction are allowed under income tax act if yes Please suggest provision a

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Income

Hey i just want to know that if i earn from selling a share whether i have to pay taxes on it do i need to show it how much amount of tax i have to pay what is STT

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Income tax

if I spends half portion of my total turnover for diesel like expenses can I show therest half as my turnover while income tax filing proprietor small scale if i do so what are the other parameters th

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Exempted income u/s 56

Dear Gurus I have married in past financial year FY 15 16 In the financial year my friend gifted me Rs 5 00 000 on various dates after my marriage date My Query 1 shall i disclose the income from othe

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Left company in march, salary received in april will be considered in which fy

Hi I left my previous organization on 29 03 2016 I received my Full and Final settlement along with March month s salary in April My previous organization considered it as April month s salary and pro

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  • Circular on Section 14A

    CBDT notifies amended Rule 8D for computation of disallowance u s 14A clarifies that amount of disallowance as computed under Rule 8D shall not exceed total expenditure claimed by the assessee Deletes sub clause ii in Rule 8D 2 which dealt with computation of expenditure towards interest not directly attributable to any particular income receipt as per the prescribed formula Increases the rate to be applied on annual average value of investments from 0 5 to 1 Amended Rule shall come into force on the date of its publication in the Official Gazette CBDT

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  • Major Tax compliances by Builders & Developers

    The presentation contain an overview of major taxes that required to be complied by builders developers like MVAT WCT TDS Service Tax Income tax TDS

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  • Important Notes On Assessment Procedure - IT Act 1961

    Important Notes On Assessment Procedure IT Act 1961 Download Income tax Assessment Procedure Notes Summary on important part of Income tax The File will be helpful for those students who appears in CA Final exam In this File only important areas of assessment and notice period of income tax are covered

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  • Income Computation and Disclosure Standards

    ICDS

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  • Major Tax compliances by Builders & Developers

    The presentation contain an overview of major tax compliances by builders developers like MVAT WCT TDS Service Tax Income Tax TDS

    Download


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Articles

Amendment in TCS U/S 206C(1D) of Income Tax Act,1961


Important Amendment U S 206C 1D Of Income Tax Act 1961 Effective from 01 06 2016 Finance Bill 2016 assented by President on May 14 2016 has now become the Finance Act 2016 28 2016 Recently Section 206


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Tips received by waiters from customers is not salary income


Background and facts Section 15 of the Indian Tax Laws ITL includes the following incomes as chargeable to tax under the head Income from Salary Salary head Salary that is due from an employer or a fo


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Beware: tax evaders take bath in this "Kumbhmela" of income declaration scheme 2016 or else?


Arjuna Fictional Character Krishna by taking a holy bath in Kumbhmela a person purifies himself Now the Income Tax Department has come up with the Income Declaration Scheme 2016 to purify the Tax evad


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A study on income declaration scheme 2016


The scheme is basically brought as a last opportunity to declare black money and the wealth to see a black money free economy in our country in the coming time The scheme proposes reasonable taxation


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Income Tax Provision for Doctors


Among the busiest of professionals doctors have little time to learn about the latest tax law Tax planning is often neglected in the crush of other obligations Being Indias Top 10s income earners they


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Updated on : 6/9/2016 2:18:10 AM


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