ppf interest taxable

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Details of campus placement programme for newly qualified CAs


Announcement for Campus Placement Programme for Newly Qualified Chartered AccountantsFebruary March2016 The Committee for Members in Industry CMII of The Institute of Chartered Accountants of India IC

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Clarifications on Swachh Bharat Cess


Swachh Bharat Cess will come into effect from 15th November 2015 at the rate of 0 5 on all services which are presently liable to service tax This will translate into a tax of 50 paisa only on every o

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Govt decides to fix interest rate at 8.7% for GPF


Government Decides to Fix Interest Rates at 8 7 for General Provident Fund GPF and other Similar Funds Including Special Deposit Scheme 1975 SDS 1975 for Non Government Provident Superannuation and Gr

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New interest rates for PPF KVP and NSC announced


Government Announces Interest Rates for Various Small Savings Schemes Rates to Come Into Force with Effect from Tomorrow It was decided by the Government of India that interest rates on Small savings

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Benefits to Middle Class Tax Payers in the Budget 2015-16


Payments to the Beneficiaries Including Interest Payment on Deposit in Sukanya Samriddhi Scheme to be Fully Exempt The Union Minister of Finance Shri Arun Jaitley in his Budget Speech in Lok Sabha tod

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Experts Opinions

To get refund on mact claim interest


assessee has not submitted pan to insurance com so they have deposited tds amount by name Now assess has taken pan and want refund

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Interest free loan


MY DAUGHTER RECEIVED A GIFT OF 500000 FROM MY BROTHER CAN SHE GIVE THIS AMOUNT AS INTEREST FREE LOAN TO MY HUF MY HUF WILL LOAN THIS AMOUNT TO A PARTNERSHIP FIRM IN WHICH ME AND MY BROTHER ARE PARTNER

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Compound interest


How to calculate 1 00027 730 without calculator If it can be solved through log then what are the steps

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Interest & penalty on tds & short deduction not paid


Hi all what will be the consequences of interest penalty on tds short deduction not paid after receiving the notices also Regards preet

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Taxable defective return a.y.-2013 u/s 139(9)


One of my client had been online submitted I T Return A Y 2013 14 in ITR 4 on Dtd 14 09 2013 in wrong jurisdiction The return is fully defected My client is a mechanic of maruti He working as a contra

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Discussion

Int on fd taxable on accrual basis or cash basis

my friend is working as a bank in dec he invest rs 100000 in normal fd for 6 months which will mature in may 2016 now i want to know as per sec 145 of income tax his int on fd from dec to march will b

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15ca and 15cb on taxable foreign remittance changes

CBDT has made some changes in Rule 37BB to reduce the compliance burden under Section 195 of the Income tax Act regarding compliance and furnishing of information of Foreign remittance whether taxable

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Taxable service or not ??

Dear sir madam Whether hair drying is a taxable service or not

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Interest on tax refund

The Income Tax authorities had taken away money out of my bank accounts as also took over my monthly salary by making best judgement assessments Post my appeals all the matters were decided in my favo

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Whether conflict of interest

hello experts kindly resolve the following query A CA firm was appointed as Statutory Auditor of an SPV B of a Govt Co A The Govt Co A offersfor providing financial consultancy after the appointment T

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  • Rates of Tax and Taxable and Exempt Goods under Gujarat VAT

    Rates of Tax and Taxable and Exempt Goods under Gujarat VAT

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  • New Scheme of Marking CA Examination Paper

    NEW SCHEME OF MARKING CA EXAMINATION PAPER WHICH IS AGAINST THE INTEREST OF CA STUDENT

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  • Confusing words #1

    The files contains words namely disinterested and uninterested which are used interchangeably but have different meanings

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  • Swachh Bharat Cess - FAQ in coloured form

    As we all know that Swachh Bharat Cess SBC has been implemented on all Taxable Services Here we are sharing much awaited FAQ released by CBEC on SBC Must read to know all about SBC This file is redrafted in coloured form for easily understanding with highlights Your feedbacks are welcomed

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  • Effective November 15,2015 'SB Cess' @ 0.5% will be levied

    The Central Government has issued Notification No 22 2015 ST dated November 6 2015 to exempt all taxable services from payment of SB Cess which is in excess of 0 5 of the value of taxable services In other words with effective from November 15 2015 SB Cess 0 5 will be levied on value of all taxable services i e the effective rate of Service tax including SB Cess will be 14 5 from November 15 2015 SB Cess is exempted to all those services which are exempted from Service tax refer Notfn No 22 2015 The Swatch Bharat Cess 0 5 is w e f 15 11 2015 it is applicable for all taxable services which are billed from 15th Nov 2015 hence even though the Service is rendered prior to 15th Nov but billed on or after 15h Nov the SB Cess 0 5 has to be charges Example If taxable service value is Rs 100 00 S Tax 14 on Rs 100 Rs 14 00 SB Cess 0 5 on Rs 100 Rs 00 50 TOTAL Rs 114 50 Scenario 1 In case where Taxable services are provided before the date to be notified after the enactment of Finance Bill Situation Rate of Service Tax Both Invoice issued and payment received after notified date after enactment of bill Service Tax 14 plus additional SBC 2 orincreased rates for alternative rate of services based on issue of invoice or receipt whichever is earlier Invoice issued prior to notified date after enactment of bill and payment received after notified date after enactment of bill Service Tax 12 36 or original rate as prevailing as on date of issue of invoice payment received before notified date after enactment of bill and invoice issued after notified date after enactment of bill Service Tax 12 36 or original rate as prevailing as on date of receipt Scenario 2 In cases where Taxable services are provided after the date to be notified after the enactment of Finance Bill Situation Rate of Service Tax Invoice issued prior to notified date after enactment of bill and payment received after notified date after enactment of bill Service Tax 14 plus additional SBC 2 or increased rate for alternative rate of services as the case may be as prevailing as on date of receipt Invoice issued and payment also received prior to notified date after enactment of bill Service Tax 12 36 or original rate prevailing as on date of issue of invoice or receipt whichever is earlier payment received before notified date after enactment of bill and invoice issued after notified date after enactment of bill Service Tax 14 plus additional SBC 2 or increased rate for alternative rate of services as the case may be as prevailing on date of issue of invoice

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Articles

Swachh Bharat Cess @ 0.5% on value of all taxable services levied from November 15, 2015


Dear Professional Colleague Swachh Bharat Cess 0 5 on value of all taxable services levied from November 15 2015 Pursuing with Mr Narendra Modis Dream of Swachh Bharat in Union Budget 2015 a provision


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Loan to companies in which directors are interested


Here is a way out for GROUP COMPANIES for proper compliance under section 185 of the Companies Act 2013 for loan to companies in which directors are interested Section 185 of the Companies Act 2013 st


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Interest income on tax refunds


An Assessee is eligible to claim refund of the excess tax paid by him Tax could be paid in the form of advance tax or tax deducted collected at source or self assessment tax or payment of tax on regul


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Co-operative societies and TDS on interest


1 INTRODUCTION This brief article seeks to discuss about the liability of cooperative societies to deduct income tax Tax Deduction at Source or TDS at the time of paying or crediting of interest on de


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TDS on Interest other than Interest on Securities 194A


Any person not being an individual HUF responsible for paying to a resident any income by way of interest other than interest on securities is responsible to deduct tax at source and deposit the same


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Updated on : 12/21/2015 12:17:10 AM



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