mega exemption notification

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Applicability of ICDS for May 2017 CA exams


The Central Government had vide Notification No S O 892 E dated 31 3 2015 in exercise of the powers conferred by section 145 2 notified ten income computation and disclosure standards ICDSs to be followed by all assessees following the mercantile system of accounting for the purposes of computation

ICAI increases Entrance,Annual membership,COP and Restoration fees


TO BE PUBLISHED IN PART III SECTION 4 OF THE GAZETTE OF INDIA EXTRAORDINARY DATED 9TH FEBRUARY 2017 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA New Delhi the 9thFebruary 2017 NOTIFICATION No 1 CA 7 179 2017 In exercise of the powers conferred under sub section 3 of section 4 and 5 sub section 2

New Benefits announced for NPS Subscribers in Union Budget 2017-18


In a bid to provide further impetus to the National Pension System NPS the following provisions have been introduced in the Finance Bill 2017 laid down in the Parliament today Tax exemption to partial withdrawal from National Pension System NPS The existing provision of section 10 12A of the Income

Exemption for audit of accounts u/s 44AB increased to Rs 2 crore


The existing provision of section 44AB of the Act inter alia provides that every person carrying on the business is required to get his accounts audited if the total sales turnover or gross receipts in the previous year exceeds one crore rupees The threshold limit for applicability of presumptive ta

Amendment in Pradhan Mantri Garib Kalyan Deposit Scheme 2016


The Government of India in consultation with the Reserve Bank of India had notifiedPradhan Mantri Garib Kalyan Deposit Scheme PMGKDS 2016vide Notification No S O 4061 E dated December 16 2016 The deposit under this Scheme shall be made by any person who declared undisclosed income under Pradhan Mant

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Experts Opinions

Long term capital gains exemption 2017


Dear experts Had the below query for which i need your advice My mother has land plot in her name bought in 1996 in Tamil Nadu She plans to transfer the plot as a gift deed to me in Feburary 2017 I plan to sell the same land plot in April May 2017 The income from the sale i plan to invest in any of

withdrawal of area base exemption


our plant located in uttaranchal under exemption of area base in coming april 17 we are going under non exemption unit Now my query is that whats the procedure for thats and any any data require to submit in axcise

Excise invoice exemption


Dear experts Pleae tell me about excise invoice rules In case of sale excise invoice in not necessary if sale turnover not exceed 1 5 cr Registered in excise recently

Capital gain exemption


Hi I have got two house one in chennai and another in Bombay I proposed to sell the chennai house and invest the capital gain amount in purchasing another new house property I also decided to sell the Bombay house property and buy a new house property in Bombay for capital gain in respect of the sam

HRA exemption when rent is paid but also having own house in the same city.


An employee having own house in Bangalore is staying on rent somewhere approximately 8 kms far from his own house as that house in an industrial area and backward in infrastructure like school hospitals stationeries etc His employer contends that HRA benefits can t be availed as he has own house in

Discussion

Exemption of ca iit programme in cma inter computer programm

CA ITT programme exemption available in CMA inter Computer programme plz suggest me thanks

Notification on vat on catering service and vat

Dear Sir Madam Please help me with the above mention qurery on catering services i want to know whether vat is charged on basic service tax or wether only on basic amount dealer is not uder composition scheme please help me with the help of any notification regarding the above

Notification on vat on catering service

I got to know that VAT is charged on total Catering charges i e Service Charges Service Tax please provide me the notification for the above

Exemption of capital gain tax under section 54

I have sold a property on which there is certain capital gains I wish to know whether I can save tax on this capital gain by buying an undivided share in property residential flat booked in the name of my wife whose all payment have been made by my wife but possession is about to happen Builder has

115ab and exemption under section 10 (35)

Can someone plz explain Section 115AB to me in simple words and also exactly which part of this income will be examptu s 10 35 Plz dont post the section verbatim I have it with me I just want simple explanation if someone can provide

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File Download

  • For CA/ CS/ CMA_DT Final_Series 2_FinanceBudget2017 Analysis

    The file contains Decoding of Finance Budget 2017 with Key Analysis and Practical Illustration Series 2 by Anuraag Singhaal CA 2005 CPA 2008 For any further clarification you can reach out at anuraagsinghaal outlook com India Finance Budget 2017 Analysis alongwith Examples In Series 2 following sections where amendments are proposed in India Finance Budget 2017 are analyzed The amendments are analyzed alongwith illustrations Capital Gains on sale of unlisted shares by non residents Section 112 Exemption of income of Chief Minister s Relief Fund or the Lieutenant Governor s Relief Fund Section 10 23C Correct reference to FEMA instead of FERA Section 10 4 Tax exemption to partial withdrawal from National Pension System NPS Section 10 12B Rationalisation of deduction for NPS for self employed individual Section 80CCD Restriction on set off of loss from House property Section 71 3A Reason to believe to conduct a search etc not to be disclosed Section 132 132A Power of provisional attachment and to make reference to Valuation Officer to authorised officer Section 132 Rationalisation of the provisions in respect of power to call for information Section 133 Extension of the powers to survey Section 133A
  • Pension notification by epfo

    Provident fund pension
  • Custom budget Notification No 03/17 - 06/17

    Custom budget Notification No 03 17 06 17
  • Central Excise budget Tariff-Non Tariff Notifications

    Central Excise budget Tariff Non Tariff Notifications
  • Tour Operator Service -1-page Analysis - New Ntfn no.04.2017

    A comprehensive analysis of the new Notification no 04 2017 dated 12 01 2017 related to Tour Operator Service vis a viz Pre and Post Amendment scenarios

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Articles

Budget 2017 - Amendments in mega exemption notification at a glance


Although the Finance Minister said in its speech while presenting the Union Budget 2017 that I have preferred not to make many changes in current regime of Excise Service Tax because the same are to be replaced by GST soon But still some changes have been made in the Service Tax Law Out of these cha


Mega exemption on construction of single residential unit and its sub contract work


A MEGA EXEMPTION FOR CONSTRUCTION OF SINGLE RESIDENTIAL UNIT Introduction Food clothing and shelter are the basic necessities of human life As a social incentive measure the Government has granted exemption from service tax in respect of services by way construction of a single residential unit if i


Interpretation of New Notification for Tour Operators


In this article an attempt has been made to interpret the various aspects of this New Notification The recent amendment instead of clarifying the issue creates more doubts for the industry specially in relation to taxability of the stand alone hotel booking transactions in the hands of tour operator


Notification on service tax in 2017 for tour operators


New Notification No 01 2017 02 2017 03 2017 and 04 2017 dated 12 01 2017 These notifications shall come into force from 22 01 2017 Tour Operators Category of Service Provider Current Status Changes by Notification Services to same group Under Mega exemption Substitution g business facilitator or a b


Tax Exemptions - A tool to generate black money & corruption


Dear professional friends In view of tax reforms under process through GST Companies Act 2013 demonetization and Income Tax provisions under review to curb black money and corruption in general I can say that Objective of Govt is good and will prove its worth in due course but some basic change in t


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Updated on : 2/25/2017 1:25:18 AM


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