recent amendments in income tax


Amendment in MAT provisions for foreign company

Government Decides to Amend Income Tax Act 1961 so that with Effect from 1st April 2001 the Provisions of Section 115JB Shall Not be Applicable to a Foreign Company If the Foreign Company is a Residen

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Applicability of MAT on foreign companies having no PE in India

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Sub Applicability of Minimum Alternate Tax MAT on foreign companies having no PE in India regarding Issues r

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Empanelment of CA/ICWA for Audit of Service Tax Assessees

Empanelment of CA ICWA for Audit of Service Tax Assessees Please refer to the enclosed attachment

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ICAI president meets finance minister reg extension of due date

CA Manoj Fadnis President ICAI CA Anuj Goyal Chairman Professional Development Committee along with Chairman Direct Taxes Committee Vice Chairman Direct Taxes Committee Vice Chairman Committee on Inte

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Last date for filing declaration under compliance window of the Black Money Act

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi Sub Last date for filing declaration under compliance window of the Black Money Act regarding The

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Experts Opinions

Tax audit u/s 44ab

total sales 60 lakhs and remuneration recevied from partnership firm is 50 lakhs will 44AB applicable

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Standad deducation of 30 % on rent income

Hello Experts As we all know that we get standard deduction of 30 on rent income along with other exps like municipal corporation tax etc I want know that whether it is applicable to individuals prope

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Difference in income as per 26as

is there any case study in which income shown in 26as actually received in personal saving account not considered in books of account for which only gp should be added instead of whole income

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Deferred tax

what is deferred tax

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Income u/s section 44 ab clause (d)

Whether Pvt Ltd Company s Income Lying in Section 44 AB Clause D or it is only applicable for Individual Firms

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Agri income query

SIr if theres a property in vicinity of an agri land that is let out to a cultivator and that building is let out to a 3rd person who is not the cultivator and the tenant of the building is getting 10

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Income from trading of shares

Hi Income received from trading of shares is speculative income or income from capital gain Also kindly define which type of income or losses covered under speculation

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How to remember the provisions of Income tax as well as IDT Plse help me out Thanking in Advance

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Tax in india on child benefit in uk

The client is now Indian Resident He receiveds Child Benefit each month in UK This benefit is given to each UK Citizen by the UK government and that amount is not taxable in UK The amount is not inclu

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Summons u/s 14 - service tax dept

My client received a Summons from service tax dept u s 14 just mentioning to give a statement What does it means I can t understanding that what documents I have to submit

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File Download

  • Presentation on taxation

    Direct tax presentation with focus on Income Tax with latest tax trends


  • Deferred Tax Calculator

    It will calculate deferred tax asset or deferred tax liability


  • Amendments of Company & Allied Law (CA Final) for Nov 15 Exam

    Amendments of Company Allied Law CA Final for Nov 15 Exam To view enroll my course on Company Allied Law refer to this link http www caclubindia com coaching 224 corporate and allied laws asp


  • An Introduction to ICDS - The new Tax Accounting Standards

    A brief and simple write up that explains the new standards already notified by the government to be followed by all for computing Income Tax


  • Salary Tds Calculator for A.Y. 2016-17

    Salary Tds Calculator for A Y 2016 17 Calculate TDS to deduct monthly from Salary for the current year i e F Y 2015 16 from Employee declaration form Provide also quick computation sheet to calculate tax liability Required Excel 2007 Exshail Software Updated File Ver 2


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Valuation of Non-monetary consideration under Service Tax

The term service is defined under service tax law to mean any activity for consideration by one person for another In this regard it is important to note that section 67 of the finance act 1994 determ

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Service tax in relation to aggregators

Background The aggregators who were not specifically covered under the service Tax till now because of the interpretation in the law To cover the services of App based Cab aggregators this concept has

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Basic about income tax department

Introduction Income Tax Return Audit is normally filled online at income tax department website Herein I would like to discuss some basic knowledge about the working of income tax department Generally

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Understanding of 44AB -Tax Audit

Introduction The main objects of any audit are a To certify to the correctness of the financial position as to shown in the Balance sheet and the accompanying revenue statements b The detection of err

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Is it justified to collect service tax on penalty charged?

Telecomcompanies and Banks are charging service tax on late payment charges Penalties Penal interests etc If youcredit card billhas alate payment chargeofRs 1000 on which Rs 140 will becharged as serv

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Updated on : 9/27/2015 2:01:11 PM

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