ppf interest taxable

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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

Revision of interest rates for Small Savings Schemes


F No 1 0412016 NS II Government of India Ministry of Finance Department of Economic Affairs Budget Division North Block New Delhi Dated December 30 2016 OFFICE MEMORANDUM Subject Revision of interest rates for Small Savings Schemes The undersigned is directed to refer to this Departments OM of even

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Experts Opinions

Interest on loan received from the related party


Is it mandatory to pay interest on loan received from related party before the applicability of Companies Act 2013

Iinterest on loan exemption


sir i have purchase a land against the loan taken from bank after a year i sold the same land with a profit of rs 1100000 00 during that period i have to pay the interest on loan of rs 5 50000 00 should i claim the whole interest exemption in the income tax return kindly intimate me thanking you

Interest on delayed payment of service tax


Whether interest on delayed deposit of service tax needs to be bifurcated into interest relating to basic service tax interest pertaining to cess Please provide clarification Further in case of payment of service tax on reverse charge mechanism whether concessional rate of interest of 21 can be avai

Tax treatment of commission and interest income for firms


A partnership firm has two source of income interest on loans advanced and commission for helping procuring loans to clients What would be tax treatment for such Firms Whether normal deduction in respect of salary and interest to partners u s 40 b shall be allowed

Which income tax return in f & o and other interest income ?


Dear sir Which Income tax return in f o and other interest income for A Y 2016 17 Can I fill ITR 4S

Discussion

Interest subsidy to middle class home buyers

Govt offers interest subsidy to middle class home buyers from The Financial Express If you are earning above Rs 6 00 lakh and up to Rs 18 lakh per annum you are now eligible for interest subsidy on housing loans under the new Credit Linked Interest Subsidy Scheme for Middle Income Groups Moreover th

Tax treatment for interest on lac

Hi A land belonging to my father was acquired by karnataka govt in 1990 My father is no more and we children were paid interest on the compensation amount but there was a tax deduction at source of 10 under 194A Now how do we get refund for the tax deducted as the interest accumulation is for the pe

Interest on home loan on let out property

Respected Sir Suppose home loan taken for house at village The person has self occupied property in mumbai suburban city How to treat this village home loan can 80C deduction is applicable for village home loan

Interest on residencial plot loan

I want to buy a Residential plot for that purpose ill take loan I want to know that whether am i eligible to take benefit ofSec 80C Repayment of principle amt Sec 24 b Interest on loan repayment In my opinion i m not eligible as to take benefit of this loan should be taken for purchase construction

Deduction of interest on fdr loan from investment income

I could not view the reply of my query in your mail sent to me

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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


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


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Updated on : 3/24/2017 7:12:11 PM


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