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Income Tax Slab 2013 14

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Further clarification issued on the Income and Declaration Scheme


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Subject The Income Declaration Scheme 2016 Rule amendment and issuance of FAQ The Income Declaration Scheme 2016 the Scheme provides an opportunity to persons who have not paid full taxes in the past to come

Income Declaration Scheme (Second Amendment) Rules, 2016


MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES NOTIFICATION New Delhi the 12th August 2016 S O 2705 E In exercise of the powers conferred by sub section 1 and sub section 2 of section 199 of the Finance Act 2016 28 of 2016 the Central Board of Direct Taxes makes the followin

Direct and indirect taxes grows by over 24 and 29% respectively


Indirect Tax Collections up to July 2016 indicate net revenue collections of Rs 2 71 719 crore as compared to Rs 209217 crore in the corresponding period last year and thereby registering an increase of 29 9 over the corresponding period 34 9 of the Budget Estimates of indirect taxes for FY 2016 17

Over 226.98 Lakh e-returns filed as on 5th August 2016 in FY 2016-17


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Sub Surging growth in Electronic filing of Income Tax Returns for F Y 16 17 reg The facility of e verification of IT returns has been used by over 75 3 Lakh taxpayers till 5th August 2016 as compared to 32 95

Lok Sabha passes GST constitutional amendment bill , PM says GST a great step by Team India


PM in Lok Sabha GST is a Great Step by Team India Great Step Towards Transformation PM describes the imminent passage of GST as a victory for Indian Democracy The Prime Minister Shri Narendra Modi today described the Goods and Services Tax GST as a Great Step by Team India a Great Step Towards Trans

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Experts Opinions

Taxability of interest


Dear Seniors in FY 2015 16 i have received interest from FDR Rs 65498 and Rs 13768 from post office on saving account pls tell me 1 weather 10000 interest on FDR will be counted exempt and rest of 55498 taxable or full interest be taxable 2 weather interest received on post saving account is fully e

Tax audit applicability


Dear All Just want to know tax audit applicability in case of Pvt ltd co s I am running a construction company having turnover 46 lac and net profit of Rs 2 lac do i need to get tax audit done under income tax act Does condition of 8 NP u s 44 AD is applicable to pvt ltd also Thanks in advance

professional tax


I am working in proprietorship concern salary is increase to 11000 from 8000 as per p tax schedule I have to pay professional tax so how do the proprietor deduct the p tax he has taken the registration for him only only pays professional tax for his income only

service tax applicable on work contact


Works contract carried out for Town Developmant Authority for laying of pipes for water supply maintainence Kindly inform about any Service Tax liability Works Contract carried out for University of Agricultural Science Horticulture University for Water Supply laying of Pipes and maintainence Kindly

service tax


points to consider at the time of calculation of service tax

Discussion

Incomet from salary and contract

One of my client is Security guard of a nationalised bank having salary income simultenaoulsy He has also given his car on contract basis to a PGVCL electricity company His 26AS showing tds deducted from bothunder section 192 and 194C Now which return he required to file can he cliam expenses toward

Deductibility of pf interest u/s 37 of the income tax act

Can interest paid under section 7Q and 14B of the PF Act can be allowed as expenses under section 37 of the income tax act

Karnataka value added tax

what is the VAT Rate on Gingelly seeds and tamarind seeds under karnataka value added tax

Companys act,2013

Is Section 143 3 i applicable to all companies

Income tax

Sir If I was revised return for AY 2015 16 in the month of July 2016 how long it will take times for process and refund the amount

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Independence of taxpayer, but how?


Arjuna Fictional Character Krishna we are celebrating 70th Independence Day of our nation But do our nations taxpayers have independence And how will they get it Krishna Fictional Character Arjuna our Indian Constitution has given freedom of speech residence etc to every citizen Similarly following


Procedural aspects of registration under Goods and Services Tax


Introduction It is well know that after introduction of GST Whole India will become one market and there will be free flow of Goods Services and Input tax credit Cenvat Credit from one place to another From taxpayers point of view registration is one of the important factors to proceed with GST The


Understanding GST Model law - Tax credit on Capital goods


This is the ninth in the series ofarticlestounderstandtheGSTModelLaw The purpose is mainly to create an awareness and enable one to look at the unintended impact on his her sector It would aid in making representations to make this law tax payer friendly simple and transparent TheGSTModelLaw has bee


Concept related to rotational and non-rotational directors under co. act, 2013


Legal Provision Section 152 6 of the Companies Act 2013 read with rules Companies appointment and qualification of directors Rules 2014 as amended thereto if any deals with the provision related to Rotational and Non Rotational Directors Key Notes 1 If company adopted the provision of section 163 of


Various sources of tax deduction which you should know as taxpayer


Tax deductions are the claims made to reduce your exact taxable income It arises basically from various investments and expenses incurred by the taxpayer It depends on your investments that how much amount of tax you can save The main aim behind tax deduction is to save you the amount of income acco


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Updated on : 8/20/2016 7:51:10 PM


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