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recent amendments in income tax


CBDT signs advance pricing agreements (APAs) to usher in certainty in taxation

As a part of a major initiative to usher in certainty in taxation the Central Board of Direct Taxes CBDT entered into two unilateral Advance Pricing Agreements APAs on 3 August 2015 with two Multi Nat

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Sharing of GST Revenue with States

The State Governments have not objected to the proposed formula of the Union Government for sharing of revenue with States that would be earned as Goods and Service Tax GST Under the proposed GST regi

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Measures taken by govt to simplify tax filings

With a view of minimize the cost of compliance of the taxpayers the Central Board of Direct Taxes CBDT has taken several measures to make tax payment and statutory filings simple and convenient for th

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CBDT notifies new ITR forms 3,4,5,6 and 7


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New initiatives in efiling and some testimonials

Taxpayers have appreciated the new initiative of Electronic Verification ofthe Income Tax Return through Aadhaar linkage and Net banking and thetestimonials affirm the user friendliness and removal of

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Experts Opinions

Service tax on business incentive

Hi I m working with an advertising organization Releasing advertisement for our client through Newspapers Radio TV is one of our offerings Sometimes these media houses gives us target incentives based

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Service tax on play ground given rent to a school

Sir I want know that shall we charges Service Tax on Play ground given for rent to a School The School management is telling that All Educational Institutions are exempted form service tax rules in ca

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Hello all The case goes like this The assesse was employed in LAOS and there was a deduction of 200 every month from his salary as pension scheme for two years which went into friends provident intern

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Income tax on vat refund

Is Vat Refund are taxable Kindly Advice me

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Plz give link for CA Final Amendments of Group 1 My attempt is in Nov 2015

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Professional tax for self employed it s/w maharashtra

Hi Im a Web Developer IT Software staying in Maharashtra I work for a remote company and all the communication and payments are not associated with my current location in any manner The company doesnt

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Treatment of service tax

Greetings to everyone Can anyone suggest the treatment ofApplicability of Service taxon hiring of scorpio on monthly basis Whether RCM or NCM and related treatment Thanks in advance

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Service tax on freight shown in bills

Dear Members I am in realestate I purchase steels MS Bars from many traders and manufactures Ther charge Freight on bill of steel without service tax on freight My question is that am i liable to pay

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Tax audit u/s 44ab

A is Individual Professional having turnover above 30 Lakhs for which he maintains seperate books of accounts A has purchased House Propertywith finance from Bajaj Finance and letout to oursider The i

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St when gross income less than 10 lakhs

A service provider is registered under service tax and obtained ST number in 2014 15 in auxiliary business services In 2015 16 his gross income from any taxable services is not likely to exceed Rs 10

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  • Service Tax for Port

    Discussion of some relevant services for port towns


  • Empowering Tax Practice

    How to start and make practice flourish in ethical and value additive manner


  • Income Tax Calculator FY 2014-15 AY 2015-16

    Calculates Income Tax For FY 2014 15 AY 2015 16 For Individuals HUF Firms And Companies in a very easy and friendly manner The size of this excel utility is just 24 KB This is only a Tax Calculator and not a computer of your Taxable Income For any queries and feedback please email me at ca prakashdugar gmail com


  • Income Tax Calculator FY 2015-16 AY 2016-17

    Calculates Income Tax For FY 2015 16 AY 2016 17 For Individuals HUF Firms And Companies in a very easy and friendly manner The size of this excel utility is just 25 KB This is only a Tax Calculator and not a computer of your Taxable Income For any queries and feedback please email me at ca prakashdugar gmail com


  • Credit Card Income Recognition

    ICAI Expert Advisory Commitee opinion Aug 15


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SC stays service tax on advocates

Supreme Court Supreme Court bench comprising Chief Justice H L Dattu Justice A K Mishra and Justice Amitava Royhas stayedthe Bombay High Courts order dated 15 12 2014 of dismissing the petition challe

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Leave travel concession / assistance - Taxation issues

We go on travel with our families if we can get tax benefits why waste it Hence the article on Leave Travel allowance or LTA Have you claimed LTA Leave Travel Allowance LTA is basically defined as the

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Input Tax Credit and Inter GST Credit

Input tax credit is the amount of tax paid by the dealer on purchases for which the dealer isentitled to claim a credit The input tax credit has to be claimed by a dealer against tax invoicewhich can

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Economic Policies consideration while framing Tax Proposal

ECONOMIC POLICIES TO BE CONSIDERED WHILE FRAMING TAX PROPOSALS The Governments Economic Policy for 21st Century If it moves Tax It If it keeps moving regulate it And if it stops moving subsidize it Ec

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Update on indirect taxes for the month of Aug

A Service Tax 1 Rate of Service Tax The rate of service tax has been changed to 14 w e f June 1 2015 No cess shall now be applicable Levy ofSwacchh BharatCess has not been notified till yet 2 Service

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Updated on : 8/11/2015 12:38:11 PM

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