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Income arising from unlisted shares taxable under capital gains


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 5th May 2016 Subject Taxability of Income Loss arising from Transfer of Unlisted Shares reg CBDT vide order dated 2nd May 2016 has given direction to field formation with a view to avoid disputes Li

CBDT will pay interest on refund for excess TDS deposited


Payment of interest on refund under section 244A of excess TDS deposited under section 195 of the Income tax Act 1961

Applicability of service tax on services provided by Govt


Clarifications regarding Services Provided by Government or Local Authority Any Service Provided by the Government or a Local Authority to a Business Entity has been Made Taxable with Effect from 1st April 2016 Any service provided by the Government or a local authority to a business entity has been

Inclusion of interest income in the return


Information regarding interest earned by individuals and business entities on term deposit is filed with the Income Tax Department by banks including co operative banks and other financial institutions and State treasuries etc Form 26AS reflects only those payments on which tax has been deducted and

Central Govt. cuts PPF interest rate to 8.10% from 8.7%


Interest Rates on various Small Savings Schemes for the 1st Quarter of 2016 17 notified Additional Interest Rate spreads which the Government allows on Small Savings Schemes like PPF Senior Citizen Savings Scheme Sukanya Samridhi Scheme and NSC etc are being continued and included in the rates notif

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Experts Opinions

Regarding interest paid in cash payment


Sir Pl any one suggest me My client had taken a vehicle loan from Vipra Society he has paid interest above 20000 in cash payment and repayment of principal made in cash of Rs 135000 during the year I have debited Interest to Profit and loss account interest is liable for TDS my question Any one expe

Same premises for taxable & non-taxable services-restaurant


Dear Professional I am operating a restaurant which has air conditioned room and registered in service tax But 75 of my turnover consist of take away parcels from a counter located out side the restaurant The sales are chiefly in cash and it is difficult to prove to the service tax department for ta

Interest liability


under Haryana VAT Act who is liable to pay interest if the TDS deducted by a Contractee is deposited beyond the stipulated time of 15th day of the month following the month in which deduction is made

Interest on delay in payment of service tax


If an Assesse i e Partnership Firm does not make a Payment of Service Tax for the 1st Quarter on due date for the FY 2016 17 then what rate of Interest is Charged on the Above Service Tax

Interest on delay payment of esi & epf


Interest on delayed payment of ESI EPF is allowable expenses in income tax if allowable please mention case law and section also

Discussion

Mvat interest calculation

please provide Mvat interest calculation for the year 2015 16

Interest on late payment of tds

Please let me know whether interest paid on late payment of TDS is deductible Expenses as per income tax or not

Tds return without interest

Is it possible to file TDS return which deposited in delay without interest amount

Interest on fd on accrual basis or cash basis

My client has FDs in NRE account He gets interest paid at the time of maturity Bank is not deducting any TDS Now his status is ROR He does not haveany other income His interest details as as follows in A Y 2016 17 Interest paid 900000 Interest accrued 26 lacs Does the assessee has the option to pay

Interest on unsecured loan

I have a issue that in last fy 14 15 i have forgot doing interest entry some unsecured loan accounts but tds on interest deposited the department so i want to know that how could i adjust those interest and tds entry fy 15 16 because our tds team is separate and they maintain all the loan accounts s

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  • Strategic Management Full notes for November attempt 2016

    Strategic Management is typical theory subject unless your interested in that subject Chapter in Strategic management are co related with each other and it will lead to some confusion To eliminate this confusion and included very important keywords which should be mentioned while writing in exams
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    Calculates VAT interest according to New provisions
  • Interest Equalization Scheme

    Interest equalization scheme for pre and post shipment rupee export credit has been announced by the Government of India
  • PT Calculator for Amnesty Scheme

    Profession Tax and Interest Payable under Amnesty Scheme 2016
  • IT Interest Calculator FY 2015-16 AY 2016-17

    Calculates Interest u s 234A 234B and 234C for FY 2015 16 AY 2016 17 for Individuals HUF Firms And Companies in a very easy and simple manner The size of this Excel Utility is just 19 KB In case of any queries or feedback please email me at ca prakashdugar gmail com

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Transfer Pricing Adjustment - Interest free Credit Period and Notional Interest


Transfer Pricing Adjustment Interest free Credit Period as an International Transaction The treatment of extended credit period to Associated Enterprises AEs as an international transaction and making adjustment of notional interest on the same has always been bone of contention between the assessee


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Taxable Event under GST


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Understanding GST Model Law- Taxable person


This is the fourth in the series of articles to understand the GST Model Law 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 The GST Model


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Updated on : 9/25/2016 1:26:14 AM


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