income from salary


Detection of black money by Government

Recognizing various limitations under the existing legislation Income tax Act 1961 etc the Government enacted a new law The Black Money Undisclosed Foreign Income and Assets and Imposition of Tax Act

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Time Schedule revised for making tax payments under IDS Scheme

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 14th July 2016 Sub The Income Declaration Scheme 2016 Relaxation of time schedule for making payme

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Govt clarifies effective tax rate is 45% and not 31% under income declaration scheme

Circular No 27 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 14th day of July 2016 Clarifications on the In

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Applicability of Income Computation and Disclosure Standards

Applicability of Income Computation and Disclosure Standards notified under section 145 2 of the Income tax Act 1961 from Assessment Year 2017 18 The Central Board of Direct Taxes has vide Press Relea

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ICDS to be applicable from 1st April 2016

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 6th July 2016 Subject Applicability of Income Computation and Disclosure Standards ICDS notified u

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Experts Opinions

Deduction of hra from foreign salary to a resident indian

one of my client get employment abroad in the month of November Apart from basic salary he is getting HRA Transport allowance He is residing in rented accommodation there rent of that is more than HRA

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basic salary and dearness allowance structure.

my employer says that basic salary and da should be more than 50 of gross salary so my question is that it is compulsory to give the amount of 50 of gross salary to basic n da this matter relates to w

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Income tax return

I am working in a MNC company but not as a employee on contract basis company deduct TDS under 194J please help which ITR I will to file

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Filling of income tax return section 139(1)

Dear Sir Madam As per Section 139 1 a person need to file his return if those 5 conditions are satisfied in those conditions one conditions states that a person need to file return if he is in occupat

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Audit report & income tax return in case of charttable trust

Audit report is filed in which form in case of chartitable trust not registered u s 12A how its income tax calcuate

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Salary certificate

I have just joined an ayrvedic hospital which is not applied for TAN yet due to lack of appropriate staff They are paying 60000 p m to its Head who has earned 3 60 000 in F Y 2015 16 from this hospita

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Form 13 us 197 of income tax act

hi sir Im a foreign citizen also a NR but a person of indian origin Ive a house property in india and now i want to sell it off LTCG arises Now on sales my CG would be below the basic exemption limit

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Clarification on income tax and vat

we are having only export sales exempted from tax and we generally purchase from local dealers and Input tax credit lying with us well claim refund my doubt is that whether the refunded of duty draw b

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Income Tax Department signs contract with L & T Infotech Ltd for implementation of Project Insight

In the last decade the Income Tax Department embarked on an ambitious computerization plan which developed voluminous databases of IT returns IT forms TDS TCS statements Annual Information Return AIR

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Tds applicability on salary alongwith prof fees to employee

If any employee of the organisation is paid Salary alongwith Professional fees in such case how tds need to be deducted Whether prof fees should be clubbed with salary and tds need to be deducted u s

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  • Deduction from Total Income



  • Case laws in Sept 2014

    Case laws decided under Income Tax in Sept 2014


  • Auto Attendance And Salary format

    Auto Attenadance and Salary Late coming sheet


  • Income Tax on F&O Profits



  • Nature of Deduction in Income Tax



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Netaji, aap income tax return file karo, to hum tumare saath hai?

Arjuna Fictional Character Krishna the Maharashtra Election Commission has cancelled registration of 191 political parties for not filing income tax return and audit report What will happen and what w

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Why filing of Income Tax Return before 31st July is Important?

Arjuna Fictional Character Krishna July month has started It is said that income tax return has to be filed in this month So who are required to file income tax return before 31st July and what care t

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Section 115-UB Tax on income of investment fund and its unit holders

Introduction Its Applicability Section 115 UB of Income Tax Act 1961 shall be inserted by the Finance Act 2015 and is applicable w e f 01 04 2016 Extract of Budget Speech 15 16 I propose to undertake

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Any Abnormality in Only 1.25 cr Indians paying Income Tax?

The data recently released by the government stating that only 1 25 cr Indian individuals pay income tax that is only 1 It seems obvious to conclude that India is a nation of tax evaders This sounds a

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Gearing up for income tax returns filing

Taxes are the biggest source of revenue of government of India for its day to day expenses and social welfare measures Normally tax collections are divided in Direct Tax and Indirect Tax category Inco

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Updated on : 7/21/2016 3:44:13 PM

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