ppf interest taxable

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Govt announces revised rates of interest on Small Savings leaves PPF untouched


The Union Government has announced revised rates of interest on Small Savings Schemes for the First Quarter of 2017 18 to bring them somewhat closer to market rates Small Savings schemes will continue to be attractive as some of them enjoy income tax benefits and additional interest rate spreads Rev

Inviting expression of interest from CA firms for Indian Railways project


ICAI Accounting Research Foundation ICAI ARF established by the Institute of Chartered Accountants of India in January 1999 as a Section 25 Company under the Companies Act 1956 now a Section 8 Company under the Companies Act 2013 for promoting research in the areas of accounting auditing capital mar

Proposal to provide for grant of interest in case of refund of excess payment of TDS


Finance Minister announces several anti graft and rationalisation measures in the field of Income tax Accountants or merchant bankers furnishing incorrect information to face penalty Income of the Chief Ministers Relief Fund and the Lieutenant Governors Relief Fund to be exempt from tax Concessional

Economic Survey advocates reforms to unleash economic dynamism and social justice


India needs an evolution in the underlying economic vision across the political spectrum and further reforms are not just a matter of overcoming vested interests that obstruct them This was stated in the Economic Survey 2016 17 presented in the Parliament today by the Union Finance Minister Shri Aru

Ministry of Finance denies any collaboration with the tainted UK based Note Printing Company


There have been reports in sections of media stating that the Union Government has compromised the national interest by collaborating with a tainted UK based Note Printing Company The said company had been supplying bank note paper till 2010 Further as per the decision taken in 2013 the company was

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Experts Opinions

interest on income tax


how to book interest u S 234b and 234c because on 31st March we trfd all profit after tax to reserve and surplus

Tds interest calculation


Dear Sir mam One ABC LMT company i payment 7 63 324 this company in the month of April 25th 2017 tds cut 10 on this amount is 76 332 so now my query is what is interest count on this amount if i payment tds on the date of 31 5 2017 and if i payment on or after 1 6 17 tell me the interest amount Than

inventory cost to include interest paid to vendors for delayed payment, forex fluctuation impact


dear team please explain with reference to AS whetjer inventory cost include following interest paid to vendors for delayed payments against good purchased forex loss on payment yo creditors in foreign currency against inventory purchases NOTE INVENTORY PURCHASED OS CLOTHES kindly do the needful

Disclosure of interest by director -u/s 184--mbp-1


I am working as cs in NBFC MFI MBP 1 TO BE RECEIVED AT 1st BM in F Y from the directors of Board as per 184 of CA 2013 for disclosure of interest The chairman of board is holding director ship member trustee president principal club member in CHRUCH EDUCATIONAL SOCIETY Institution IN other trust inc

Tds on fixed deposit interest


If some one make a fixed deposit in a Bank of Rs 45000 for 5 five years and the maturity value after five years is Rs 62050 now interest earned in 5 years is Rs 17050 now I want to know can Bank deducted TDS on this interest amount As per my knowledge TDS deduction is applicable if interest amount i

Discussion

Dividand income up to Rs 10000/- taxable

My Income source is Salary I have received Form 16 from my employer I have rec d Dividend worth RS 9600 This income is taxable or not this income was not shown in my form 16 If I show this income in my ITR what is my tax liability My Income is exceed RS 500000

Treatment of interest on fixed deposit to trust

WHETHER SUCH INCOME IS TAXED SEPARATELY FROM BUSINESS INCOME EVEN IF THERE IS LOSS IN BUSINESS HEAD

Casual taxable person

As per Section 2 20 casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business whether as principal agent or in any other capacity in a State or a Union territory where he has no fixed place of

Tds on payment of interest to nbfc

Sir Anybody send me the list of exempted nbfc from deduction of tax Sudhir Kumar

Can loss making listed had not provided interest & npa a/c

Hello Every one My Self Dhaval Darjee I have query regarding provision not made by listed companyfor payment of interest on bank loan such company suffred heavy loss during last financial year Q 1 how auditors make qulification in audit report Q 2 is the action of the company is valid Q 3 plz share

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File Download

  • Calculate Employees Provident Fund balance and interest

    How to calculate Employees Provident Fund balance and interest
  • Free Fixed Deposit (FD) Calculator in Excel Format

    Easy Free Fixed Deposit FD Calculator available in Excel Format It can use in read only mode Compute interest on quarterly half yearly or yearly basis
  • Companies Taxable At 25 % Rate Section 115 BA & Rule 21DA

    Companies which have options to pay tax 25 instead of 30
  • A detailed example on Service-tax for CA-IPC and Final

    This detailed example includes several points on taxable or non taxable services The example is based on various questions set out in the PM of ICAI as also self made questions of Biyani Sir
  • IT calculation FY 2017-18 salaries

    I m pleased to share the attached IT calc FY 2017 18 on salaries it includes NSC vii issue interest calc rent receipt form and computation sheet The file compatible with ms excel 2003 ver it will also work with other versions The controls assigned at cell levels as per IT rules provisions The HRA rent hence if you get arrears of previous months you can get it distributed monthly basis to compute the tax correctly The tax calculate with the formula of marginal relief i e in case levy of surcharge on Income tax for the taxable salary above 50lakh and 1crore I shall appreciate and welcome your suggestions Best regards Vijay

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Articles

Audit of taxable person as per CGST Bill


Like existing provision of law every taxable person shall self assess the tax in the Goods and Service Tax regime also The tax departments dont have direct control over supply of goods or services The departments through audit conduct verification of accounts returns and other records related to pro


Casual Taxable Person And Non-Resident Taxable Person


A A casual taxable person is defined u s 2 20 of the GST Act as follows 20 casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business whether as principal agent or in any other capacity in a Sta


Waiver of interest charged u/s 201(1A)(i) of the Income Tax Act 1961


CBDT has issued guidelines for waiver of interest charged u s 201 1A i vide circular No 11 2017 dated 24 03 2017 According to this circular CBDT empower to Chief Commission of Income Tax and Director General of Income Tax may reduce or for waiver of interest charged u s 201 1A i of the Act in the fo


Some interesting facts about GST


Whether GST is new to India In the year 2000 the Vajpayee government started a discussion on GST by setting up an empowered committee headed by Asim Dasgupta the then Finance Minister of West Bengal In 2003 the Kelkar Task Force on Indirect tax had suggested a comprehensive Goods and Service Tax bas


Falling interest rates and the plight of senior citizens


Before the previous last RBI meet there was an increased expectation of rate cuts by RBI as a measure of providing impetus to the economy after demonstration That RBI maintaining status quo on repo rates at 6 25 is a negative thing for most people but senior citizens in India Citing increased liquid


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Updated on : 5/28/2017 4:18:14 PM


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