income tax calculation formula excel


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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Mere transfer of title in immovable property is exempted from Service Tax

In order to resolve a long standing issue relating to levy of Service Tax on sale of flats dwellings etc after issue of occupancy certificate but before issue of completion certificate in areas under

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Changes made in indirect tax rates

Government of India makes changes in indirect tax rates effective from today Government has made the following changes in indirect tax rates effective from today that is 19th October 2015 1 In view of

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Experts Opinions

Fringe benefit tax

i want know details about of fringe benefit tax can you help me

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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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Applicability of service tax

Supply of water where all pipe line and boring installed by client is liable to service tax

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Service tax on pandal & shamiana services

hii can any one help me regarding this if assessee providing only decoration service have service tax registration under pandal shamiana service head than any abatment available he liable for VAT or o

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Calculation of interest & penalty

Dear Sir Please solve my problem Total Excise Duty Payable 505000 for the month of Oct 2015 But We payment Only 205000 Balance amount Rs 300000 We will pay After 25 11 2015 Please calculate the Intere

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Service tax on hr management comany providing serivce abroad

Hi I are working with an Human resource management company We came into an agreement with an foreign company for recruitment of employee for it indian branch and all the fee will be paid by such forei

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Accounting treatment of service tax in case of advance

What will be accounting treatment of Advance Received against the service to be rendered and at the time of the invoice generation For Example 30 12 2015 Received advance Rs 100000 02 02 2016 Service

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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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Video on service tax compliance

Hello friends here is a video on service tax compliance tinyurl com stcompliance

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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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  • Understanding Negative List of Services

    Understanding Negative List of Services in service tax


  • 86 Most Commonly Used Excel Functions

    This file contains a list of 86 most widely used Excel Functions and links to the MS office support website for their detailed descriptions with various examples There are over 500 functions in excel but knowing these are enough to help one do his her job with top efficiency Hope you like it


  • MVAT Annexure Generation Utility

    Generate Annexure J1 J2 J5 J6 Automatically from Tally erp or Tally7 2 or any Excel or ASCII file Veryfy TIN online with Mahavat gov in and extract the Name Status i e Active Cancell as per department record in a single click Auto verification of Non Filer Short Filer and composite Dealr List along with 704 Non filer dealr list updated by department time to time No need to sorting your data just export your data in excel or ASCII text formate and this utility will import your data automatically


  • Soft Copy of 44th issue of Tax Talk (November 2015)

    Soft Copy of 44th issue of Tax Talk November 2015


  • Document Management addon for Tally

    Greetings fellow forum members Let me thank you for your valuable support advice and feedback on our first addon Continuing with the same we wish to present you with our new addon Document Management System Experience has taught accountants and buisnessmen to have ready access to documents related to all entries in an accounting system We have come up with an addon specifically to address such issues We present this Document Management addon a useful tool for people who wish to attach any bills invoices cerificates etc i e any file you wish to attach with any accounting entry as a supporting document or evidence Thus it helps for future reference for accountants and also for audit purposes for auditors This addon is a trial version which only works for contra entries as well as masters If you wish to attach any documentary evidence for withdrawal of cash from bank or vice versa you can attach scanned copy camera captured image of the deposit slip withdrawal slip For people who wish to attach supplier or vendor details say TDS certificates or VAT service tax certificates they can attach any such documents during creation or alteration of such masters This can be applied to many areas say assets where bills invoices may be attached or excel sheets having depreciation calculations can be attached The Paid version of this addon can be used for all voucher types We hope that this trial version will convince you of the full potential of this addon In case of any query or feedback please feel free to communicate Regards CA Deepak Agarwal Gyrotech info gyrotech in 7738286611


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Kernel of Tax Audit

When we write Audit or Tax Audit in Google it gives about 3 05 00 000 results in 0 33 seconds all the same defining audit as Systematic and independent examination of data statements records operation

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Basic Accounting, Taxability and Audit of Non Profit Organsiations

NON PROFIT ORGANISATIONS WHAT IS NON PROFIT ORGANISATIONS NPO A Non Profit Organization is an entity that is operated for the benefit of the society as a whole rather than the benefit of sole propriet

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How to Deal with CS Final Advance Tax Laws - A Pass out's Guide

A GUIDE TO ADVANCED TAX LAWS AND PRACTICE FOR OLD NEW SYLLABUS Group Three of CS Final is A Terror for many students both under old and the new syllabus General reason for this is Too much Concentrati

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Credit of EC & SHEC can be used for payment of Service tax

Dear Professional Colleague Credit of EC SHEC can be used for payment of Service tax With the underlying theme of setting the stage for Goods and Services Tax GST the Union Budget 2015 had proposed to

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YOGA is now Tax Free Service - Baba Ramdev must be delighted!!

In a welcome move to promote YOGA the Central Government has exempted the activities relating to advancement of yoga from the levy of service tax The definition of charitable activity contained in meg

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Updated on : 11/6/2015 8:27:11 PM

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