indemnity bond format income tax refund

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5.27 lakh taxpayers submit their online response to cash deposit notice


Operation Clean Money by IT Dept gets overwhelming response More than 5 27 lakh taxpayers submitted their response till 12th February 2017 Last date for the submission of online response extended up to 15th February 2017 The IncomeTaxDepartment ITD had initiated Operation Clean Money on 31st January

Expeditious issue of refunds is high priority says CBDT


Expeditious issue of Refunds is a High Priority for the Central Board of Direct Taxes CBDT Over 4 19 crore Income Tax Returns ITRs processed and over 1 62 crore refunds issued during the Current Financial Year up to 10th February 2017 The Centralised Processing Centre CPC of the Income Tax Departmen

No proposal to levy 5% service tax on healthcare services says Govt


Central Government clarifies that there is no proposal in the Union Budget 2017 18 to levy 5 service tax on healthcare services The Central Government has clarified that there is NO proposal in the Union Budget 2017 18 to levy 5 Service Tax on Healthcare Services as reported in certain Social Media

Tax collection shows healthy growth upto Jan 2017


Tax Collection Figures up to January 2017 show consistent trend of healthy growth During January 2017 the Net Indirect Tax grew at the rate of 16 9 compared to corresponding month last year with growth rate in net collections for Customs Central Excise and Service Tax at the rate of 10 1 26 3 and 9

Four Advance Pricing Agreements signed by CBDT


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 7thFebruary 2017 Another Four Advance Pricing Agreements signed by CBDT The Central Board of Direct Taxes CBDT has entered into four more unilateral Advance Pricing Agreements APAs on 6th February 2

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Experts Opinions

Income tax deductions


CAN ANYBODY TELL ME THAT IF A PERSON IS A GOVERNMENT EMPLOYEE AND HAS EXHAUSTED HIS LIMIT OF 1 50 000 RS OF SECTION 80C THEN WHAT ARE THE OTHER WAYS TO SAVE TAX

taxation on capital gain on sale of shares


during financial year 2015 16 I sold shares for Rs 100000 which were issued to me by co towards refund lf my deposit of Rs 36000 in 2009 I would like to know the taxation on capital gain as my other income is only 70000 during the year Also please cllarify fhat should I have to mention the demat acc

Income tax


I am govt employee within which particular date form no 16 given by employer to employee

Entry Tax


Dear seniors My client purchasing goods from Andhra past few years his paying Cst 2 issuing Cforms but now we got stuck in check post questioning whether we are paying Entry Tax or Not this is the first time since they start of business please help us it s mandatory to pay Entry Tax

entry tax


Dear seniors My client Purchase goods from Andhra pay

Discussion

Service tax exemption for storage/warehousing of agricultural produce

If someone is operating a cold storage to store agriculture produce without having a proper licence which is required by the regulating agency will this illegal activity still get an exemption for Service Tax

Income from house property

CHARGING SECTION OFHOUSE PROPERTY SECTION 22 The annual value of property consisting of any buildings or lands appurtenant thereto of which the assessee is the owner other than such portions of such property as he may occupy for the purposes of any business or profession carried on by him the profit

Meaning of person u/s 2 (31) of income tax act

Sir can I write the meaning of Person u s 2 31 of Income tax act as a person is one who can be assess under Income Tax act And if it is wrong than what should be correct meaning of Person Thanking you Regards Abdul Aziz

Speculative business income

What tax rate should a person pay if his only source of income speculative business if so how effectively avoid such by

Should i pay advance tax fine on business started in decembe

Should I pay advance tax fine on business started in December Hi I was a salaried employee till December 16 2016 and TDS was being deducted by my employer On December 19th I became a freelance architect Due to prior contacts I received good contracts and my total income from freelancing is now above

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Articles

Input Tax Credit under GST


Introduction As we all know that GST is going to be the biggest tax reform in the country since independence A much highlighted characteristic of GST is the seamless credit flow across the nation due to which a dealer will not have to worry about the source from where he will purchase the inward sup


Now is the time to attack! Start firing bullets at your taxes


Act before March end so that you dont have to regret in July So many clients put their palms on their head when it is the time to pay taxes and file return in July Taxes have already fired at them they have done nothing to save themselves against the tax shots They could have saved a pretty good amo


Reduce your Tax Liability


Every Taxpayer is aware about deductions under Section 80C for saving their tax liability As this financial year is going to end soon lets discuss about Deductions under Income Tax Act 1961 so that you can reduce your tax burden Deduction under Chapter VI A of Income tax Act 1961 Maximum Deduction R


Tricks to Format cells in Excel: Currency Format (Prefix)


I have a large record set of the amount I want toadd prefix i e Rs in my records so that I can apply sum average min max function I can easily do it by typing it manually but then I will not be able to apply any function If I enter any amount in this column I will need to add Rs prefix manually If y


When goods are liable to tax under GST


Time of Supply of Goods Present Vs GST Updated based on revised Model GST law The liability to pay CGST SGST or IGST on the goods or service shall arise at the time of supply as determined in terms of the Model GST Act The point of time of supply refers to the point of time when an activity attracts


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Updated on : 2/20/2017 3:35:14 AM


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