ppf interest taxable


No seizure of gold jewellery upto 500 grams per married lady and 250 gm for unmarried

Government clarifies that the apprehension sought to be created that the jewellery with the household which is acquired out of disclosed sources or exempted income shall become taxable under the proposed Taxation Laws Second Amendment Bill 2016 is totally unfounded and baseless In the wake of Taxati

Interest rate cut in PPF and KVP by 0.10 percent in this quarter

Interest rate cut for long term saving schemes The interest rates of Public Provident Fund PPF Kisan Vikas Patra KVP Senior Citizens Savings Scheme 2004 and Sukanya Samriddhi Account the Girl Child Scheme were reduced by 0 10 percentage point for the quarter 01 10 2016 to 31 12 2016 and not 0 10 per

Exemption withdrawn to service providers located in foreign territory on OIDAR

To provide a level playing field to Indian service providers the exemption given to service providers located in foreign territory but providing taxable online information and database access or retrieval OIDAR services including electronic services in India is being withdrawn with effect from 1st D

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

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Experts Opinions

Ppf account

Whether ppf a c can be apply online instead of visiting banks If yes SBI and union bank of india provide such amenties or nt Guide Do reply

Interest on house proerty and repayment

My Client has got first home rent receipts Rs 1 50 lakhs no loans He already got second home letout and rent receipts Rs 90 000 interest Paid Rs 72 240 and Principal repayment Rs 20 160 and he got third home purchased during the year fy 2015 16 and rent Receipts Rs 2 40 000 Interest Paid Rs 1 75 226

Tds not deducted interest rate

Dear Sir Our Foreign Group Company raised the invoice every month monthly as a GLOBAL INFRASTRUCTURE USAGE CHARGES from April 16 to Oct 16 we have not deducted the TDS on this service Now in the month of Dec we have deducting the TDS on all invoices from month of April 16 to Oct 16 kindly advise the


Dear all Plz let me know what if Tds is not deducted on interest paid to nbfc for the A Y 2014 15 is there is any way or any case law through which we can defend for non deduction of tds

Gift received in the name of minor is taxable

Dear Sir let me know gift received in the name a minor now a days is taxable as undecalared income undisclosed income in the hands of guardian REgards K D Sharma Email kds70 yahoo com


Fd -no pan interest les than 10000 -tds deduct..or

Branch of a big bank got default notice for not deducting TDS on deposits 1 who do have PAN No though the interest earned till 2 quarter of this FY is less than 10 000 is it correct

Interest on late deduction u/s 201(1a)

We paid Rs 13000 U S 94J dated on 1st Aug 2016 Tds Deducted On Same Day However I deposited TDS online in Government dated on 4th Aug 2016 Wegot notice for Interest on Late Deduction U S 201 1A with 1 month delay in payment Is It Correct If not Correct than what to do

I get fd interest. how to calculate under 44ada?

Dear sir madam I am general medical practitioner practicing for the past 29 years usually not keeping any receipts I get morethan 2 5 lakhs per year from Bank FD interest for which the banks deduct TDS 10 If my declared gross receipts are 7 lakhs year at 50 my taxable professional income will be 3 5

List of taxable services applicable for ipcc service tax

dear friend Please explain me which are taxable servifces applicable for ipcc service tax may 17 regads Milind

Ppf on salary

Sir I own a retail shop with a staff of 26employees so is it necessary to contribute for pf None of my staff have earlier contributed to pf from previous employers Also at present i am deducting profession tax and tds on eligible salaries Please enlighten me with your knowledge as to what necessary

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  • Online Information & Database Access or Retrieval Services

    Government has issued series of service tax notifications which have radically changed service tax implications on online information and database access or retrieval services OIDAR service Notification No 46 2016 ST Notification No 47 2016 ST Notification No 48 2016 ST Notification No 49 2016 ST and Circular No 202 12 2016 ST dated 9th Nov 2016 Applicable from 1st Dec 2016 I have attempted to provide an In depth analysis of these notifications Circulars to assist you in Impact analysis of the same At the outset I have following observations after going through the updated legal provisions Earlier Place of Provision was Location of Service Provider means if X Hong Kong provides its these services to Indian customer these services was not taxable in India as Location of Service Provider was Non Taxable Territory i e Hongkong Service Tax law applies on taxable territory But now w e f 1st December 2016 Place of provision of such service has been amended and provided as Location of Service Receiver means now it would be taxable in India Since it would be taxable in India This service has been provided under reverse charge i e service receiver has to pay full service tax on the same so where is the role of Y Indian representative of X if X Hongkong provides these services to an Indian customer If the Indian customer is a company or any other person other than Non Assessee Online Recipient e Government Local Authority Government authority or an Individual not registered with service tax department then that company or other person has to pay service tax on the same But if that Indian customer is Non Assessee Online Recipient i e Government Local Authority Government authority or an Individual not registered with service tax department then X HK is liable to pay service tax in India through its representative in India i e Y India This was one illustration further if X India provide any Online information and database access or retrieval services OIDAR service w e f 1st December 2016 outside India it would be tax free as now POPOS is Location of Service Receiver
  • Disclosure of Interest by directors

    Disclosure of interest
  • Interest calculation on Service Tax

    Interest calculation formula in excel
  • TDS Deduction & TDS Interest Calculator

    Calculator for calculation TDS Late Deduction Interest Late Deposit Interest
  • 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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Disclosure of Interest by the directors section 184 of the Companies Act 2013

Section 184 Disclosure of Interest by Director 1 Every director shall at the first meeting of the Board in which he participates as a director and thereafter at the first meeting of the Board in every financial year or whenever there is any change in the disclosures already made then at the first Bo

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

Supply - Taxable Event under Model GST Law - Inclusive and Subjective

With step by step progress towards Goods and Services Tax GST the Country is all set to witness the biggest indirect tax reform of unmatched importance in independent India GST would mark a paradigm shift in the indirect taxation of our Country and the concept of origin based taxation as practiced c

Taxable Person Under GST

Relevance of Taxable Person Taxable person is defined under section 9 of the model CGST SGST Act but before understanding who is a taxable person let us understand what is the relevance of taxable person The most important section of any statute is the charging section In the Model GST Laws section

Taxable Event under GST

What is Taxable Event a Taxable Liable to be taxed subject to tax b Event A thing that happens or takes place especially one of importance Source Oxford Dictionary Taxable event A taxable event is any event or occurrence that results in a tax liability Normally taxable event means occurrence creates

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Updated on : 12/5/2016 7:05:28 PM


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