recent amendments in income tax


Draft Guiding Principles for Determination of Place of Effective Management (Poem) of a Company Formulated

The Finance Act 2015 has amended with effect from 01 04 2016 the provisions of Income tax Act relating to determination of residence of a company In accordance with the amended provisions a company wo

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Main reasons for rejection of service tax return

This is to inform you that some returns got rejected after uploading of the XML file for the ST3 return period 2015 2016 Apr Sep mainly due to the following reasons 1 Incorrect selection of return typ

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Issue of free books to the flood affected victims in Tamil Nadu

The Council of the Institute of Chartered Accountants of India ICAI expresses its profound grief to the families of the people affected by the recent floods in Tamil Nadu The Institute offers assistan

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Now quote PAN if cash payment is made above 2 lac

The Government is committed to curbing the circulation of black money and widening of tax base To collect information of certain types of transactions from third parties in a non intrusive manner the

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Last date for advance tax payment postponed in flood effected stated

Last Date for December 2015 installment of Advance Tax for taxpayers in Tamil Nadu and Puducherry extended till 31st December 2015 The last date of payment of December 2015 installment of Advance Tax

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Experts Opinions

Service tax on rent a cab service

There is a individual providing vehicle on renting to a body corporate under a contract As this service comes under RCM body coprporate required to pay service tax Contractor raises his bill as 18400

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Income tax ay 2013-14

Dear Sir I am filed it return A Y 2014 15 2015 16 online Now i want to filed itr A Y 2013 14 can i file how plz help me

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Service tax on society charges taken by builder on new flat

Dear Experts Pls advice me on following things I Purchase under construction flat 3years ago now on time of Possession builder is charging some society charges and club membership deposit amount on wh

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Nri taxation

An Indian Company gives contract to NRI to look after marketing work outside india Indian company pays consulting fees per month to NRI Whether indian company liable to deduct tax on payment

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Income tax return

pls inform me that can we file income tax return for AY 2013 14 and if we can file return of AY 2013 14 in this year then what will be the amount of penalty under income tax act

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Govt plans tax reduction for startups, vcs; industry excited

Govt Plans Tax Reduction For Startups VCs Industry Excited With The Possibilities The existing tax structure in India for startups and venture capitalists is complex and hard Instead of staying in Ind

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Tax benefit for skill training institutions

Union budget 2016 17 could see the government doling out income tax exemptions to institutions imparting Skill Training besides extending service tax exemptions to them for next five years as it gears

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Income tax


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Child school annual fee - tax exemption

Can you please tell me if i can claim child school fee u s 80C

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Service tax on sub air travel agent

i have a question which i could not get a very clear answer for please help me on the same i am a sub agent for multiple IATA agents dealing in air ticket my question is simple do i have to register f

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File Download

  • Income Tax Slab for FY 2015-16 AY 2016-17

    Income Tax Slab for FY 2015 16 AY 2016 17


  • Transfer Pricing - CA Final

    This file contain a chapter titled Transfer Pricing written by CA Anoop Bhatia Jaipur which forms part of his book titled Summary Book on Direct Taxes a very apt and useful book for CA Final Students which is available for online sale at www cafinal com


  • Handbook on IDT - May 2016

    Self Study Guide to Indirect Taxes for CA Final May 2016 attempt


  • AY 12-13



  • Service Tax Payable under Transport of Goods on Road or goods Transport Agency service[GTA] can be paid out of CENVAT

    Service Tax Payable under Transport of Goods on Road or goods Transport Agency service GTA can be paid out of CENVAT


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Service Tax on Hotel Industry

Charges and taxes levied on the foods served in the Restaurant Service Charges This is the charges levied by the restaurant as the payment for the services rendered like serving the foods etc This cha

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POEM - Redefining taxation of foreign arms managed from India

POEM is the buzzword of corporates having subsidiaries outside India and foreign firms outsourcing high end critical functons to India This concept is introduced to tax in India income which has been

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Taxes on Petroleum Products: A convenient cash cow

Petroleum under GST regime The Constitutional Amendment Bill on Goods Services Tax GST recently cleared by the Cabinet provides that petroleum petroleum products viz petroleum crude high speed diesel

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Depreciation allowance under section 32 of the Income Tax Act, 1961

Depreciation is an allowance on capital assets acquired and put to use and not an expenditure unlike repairs to machinery plant or furniture It need not be incurred by the assessee during the previous

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Discussion on Value Added Tax, Karnataka

Introduction The White Paper is a policy document indicating basic policies of State Sales Tax VAT Haryana was the only State to introduce VAT w e f 1 4 2003 About 21 States have introduced VAT though

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Updated on : 12/28/2015 2:39:11 PM

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