income tax calculation formula excel

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Last date for GST payment and GSTR3B return extended by 5 days


LAST DATE FOR PAYMENT OF GST AND FILING OF RETURN FOR JULY 2017 EXTENDED BY 5 DAYS The last date for payment of taxes and filing of GST Return in Form 3B for the month of July is 20th of August 2017 Since it is the first Return to be filed under GST the tax payers and the tax practitioners have requ

Clarification regarding transitional credit and extension of GSTR3B


Government of India Ministry of Finance 17 August 2017 20 03 IST On Clarification regardingavailability of Transitional Credit for GST As per the rules the Goods and Services Tax GST for the month of July 2017 has to be paid by 20th August 2017 Only after the payment of full GST return in summary Fo

Direct Tax Collections grows 19.1 percent upto July 2017


The Direct Tax collections up to July 2017 in the Current Financial Year 2017 18 continue to register steady growth Direct Tax collection during the said period net of refunds stands at Rs 1 90 lakh crore which is 19 1 higher than the net collections for the corresponding period of last year This co

Extension of due date of GST returns


To be published in the Gazette of India Extraordinary Part II Section 3 Sub section i Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No 20 2017 Central Tax New Delhi 08th August 2017 G S R E In exercise of the powers conferred by the su

25 percent growth in number of Income Tax Returns filed


25 growth in number of Income Tax Returns filed in current fiscal Advance Tax Personal Income Tax collections up by 41 As a result of demonetization and Operation Clean Money there is a substantial increase in the number of Income Tax Returns ITRs filed The number of Returns filed as on 05 08 2017 s

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Experts Opinions

GST on Commission income from co operative society


plz tell me commission received from co op socity is taxable and what is the provision relating to this Thanks in advance

Taxability of LTCG


Hi sir My query is if the Part of freehold urban land is sold and consideration is used to repay the house loan taken for constructing new house which was started one year before the date of sale of land so section 54F is applicable in this case or not

Non resident salary income


If assessee residing in India since 2014 and he is working for a NGO which is USA based Whatever income he has generated from salary he has already paid tax in USA thereafter he has received amount in India He has also received TDS Certificate from US Income Tax Department and thereafter he has also

Sales tax ward details


Hi all experts Any can tell me ward number of sales tax office Uttar Pradesh of Jalpura Kuleshara Greater Noida Gautam Budh Nagar 201306 There is no proper information available regarding Greater Noida sales Tax office ward number on internet Thanking you in advance

Income tax return revise


Sir I have filled the return for A Y 16 17 on 05 07 16 but revised it on 11 07 16 and send the itr copy to cpc bangalore After receiving the itr at cpc income tax deptt got rejected my return on the basis of unsigned itr copy and no any message received from deptt Than how i can file it again Please

Discussion

input tax rates different .ITC will be allowed or not

sir if input raw material rates are different 5 12 18 etc but output produced is 12 as per HSN can it 18 ITC be allowed

Agriculture Income

Ag income is not taxed hence expenses incurred on agcl Not allowed as expenses Is it correct

Excess service tax paid in last return

in case i have excess service tax in my last return filed on 15th august can i get that excess paid adjusted against gst liability by filing it in TRANS 1 Form

Gst taxable inward

Dear Experts Sorry my question actually with regard to Taxable Inward supplies where i need to enter in Form GSTR3B Kindly suggest Regards GSri

Gst taxable outward

Hi Experts Could any one please guide me where i need to enter Taxable Outward Supplies in the GSTR 3B Thanks GSri

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  • Direct Tax Law Answers

    I am posting my answers with questions please check the same and tell me the mistakes
  • Reverse Charge Mechanism on Expenses

    REVERSE CHARGE ON EXPENSES DEBITED UNDER TRADING AND PROFIT AND LOSS ACCOUNT
  • GST Computation Sheet

    This excel sheet is useful for calculation of actual GST payable refund Users can use it on monthly basis as well
  • GST Tax Invoice Format

    GST Tax invoice format having formulas
  • Automatic Invoice Software in Excel (GST compliant)

    Full Fledge Billing Software for Business 1 Complete Billing Software 2 100 GST compliant with format published by GST Council 3 Retail and Tax Bill Bifurcation 4 Automatic applicable IGST CGST and SGST calulation 5 Transfer all bill data to another sheet automatically for analysis 6 Automatic Challan Generation 7 Perfect Print Setup 6 One Click Printing 7 One Click Back up of each invoice in different Folder 8 Back up will be retail bill wise and Tax Bill Wise 9 Completely working based on formula 9 Flexible Formulas 10 Full Customized 11 Client Database with each and every detail 12 No need to input details of party every time 13 only put x in the first column of database and all the details will be transferred to invoice sheet Filters will not work in trial version Pro Version 1 Automatically cloud backup of all invoices 2 Automatic GST rate calculator based on HSN Code will be available as soon as GST rates are published 3 Automatic GST rate calculator based on Name of Goods 4 Monthwise analysis of Party wise sales month wise IGST SGST CGST liability calculation 5 1 week trailing for GST return filing and this software with the fulfillment of the custom requirement of business 6 Automatic transfer of sales invoice data in the form of outward return of GST outward return is to be filled in form GSTR 1 every month 7 Free 1st GST return filing

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Articles

Tax Audit (Sec 44AB) limit for Business is 1 Crore or 2 Crore?


What is Audit Audit means an inspection of books of accounts by some officials or some specified persons for the purpose of establishing the fact that the accounting records present a true and fair view Types of Audit There are two types of audit namely Statutory audit and Tax audit What is Statutor


Only Registered taxpayer have Freedom in GST!


Arjuna Fictional Character Krishna 15th August is the Independence Day of India Freedom fighter fought in 1947 for Independence of the country From last month GST has been applicable So on the occasion of this Independence Day what information about GST would you give Krishna Fictional Character Arj


Meaning of supply, time of supply and value of taxable supply


Meaning and Scope of Supply Q 1 What is the taxable event under GST Ans The taxable event under GST shall be the supply of goods or services or both made for consideration in the course or furtherance of business The taxable events under the existing indirect tax laws such as manufacture sale or pro


9 Excel print settings you probably don't know about


Printing is one area in Excel where I find that users dont take full advantage of the options provided by Excel Below I present 9 Excel print tips which I am sure youd like to know to make the task of printing your worksheets seem like a breeze So lets begin without any ado 1 Print Row and Column Ti


Taxability of bonus received from cooperative society


Taxability of bonus in the hands of the members received from the co operative society Brief History Even before the Co operative structures came into existence the practice of the concept of the co operative societies was prevalent in various areas of the society To mark the first instance where th


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Updated on : 8/21/2017 10:30:56 AM


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