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Framework for computation of book profit for the purposes of levy of MAT


Framework for computation of book profit for the purposes of levy of MAT under section 115JB of the Income tax Act 1961 for Indian Accounting Standards Ind AS compliant companies A Committee had been constituted with the approval of the Finance Minister to suggest the framework for computation of bo

ICSI president on passing of the bill paving way for GST


Dear Professional Colleagues Greetings from ICSI With the passage of Constitution Amendment 122nd Bill in Rajya Sabha on August 03 2016 ICSI welcomes one of the most significant tax reforms in the history of India The changes made in the Bill at Rajya Sabha will have to be subsequently ratified by L

Next steps required on GST


Revenue Secretary s presentation on next steps required on Goods Services Tax PFA the enclosed file for more details

Frequently asked questions on GST


Following are the answers to the various frequently asked questions relating to GST Question 1 What is GST How does it work Answer GST is one indirect tax for the whole nation which will make India one unified common market GST is a single tax on the supply of goods and services right from the manuf

Tax exemption to industry and commerce sectors


Direct Tax Various tax concessions in the form of exemptions deductions etc have been provided under the Income tax Act 1961 which have been availed by different sectors of Commerce and Industry also Cumulative figures of revenue impact of direct tax incentives for the last five years are as follows

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Experts Opinions

ca final direct tax book


I am having my attempt in may 2017 I want to select the best reference book for DT KINDLY help me out friends Thanks in advance

how to plan for tax


in ipcc i m able to score in accounts n law bt i always fail to score in costing n tax pls help me to plan tax n costing

Income from sale of land capital gain or business income


I HAVE THIS QUERIS ON THIS TOPIC 1 ANY PERSON WHO SOLD ANCESTRAL LAND BY DIVIDING IN SMALL PLOT INCOME FROM THIS TRANSACTION HIS INCOME WILL COSIDER AS CAPITAL GAIN OR BUSINESS INCOME 2 AFTER SALE OF RURAL AGRICULTUER LAND BY PLOTTING INCOME WILL COSIDER AS BUSINESS INCOME OR CAPITAL GAIN OR FULLY E

Provision for taxation


surcharge and cess is also part of provision for taxation

direct and indirect tax


hello experts is dere wil be change in syllabus of ca final direct and indirect tax if gst is implemented from next April thanx in advance

Discussion

Tax books

Which are the best reference books that a newly qualified ca should read

Unpaid service tax - advise needed on best course of action

Hello We are a 2 person husband and wife both fulltime directors pvt ltd software company Our business model is simple We provide software coding services to foreign clients receiveremittance in into our current account and divide it between husband and wife with some left for company When we initia

Service tax amendment procedure

what is the procedure for amedment in service tax registration

Agricultural income

How can I reply against a Notice received from IT for the AY 2013 14 for not showing amounting to Rs 80 lakh from sale of Agricultural Land

Income tax treatement of salary arrears recived

Hi all can anyone tell me how we have to treat the salary arrears recived for the last five years while filing the return of AY 2016 17 how we need to find the net tax liability relieft under section 89 applicable for arrears please help

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File Download

  • Online application for Status Certificate

    Director General of Foreign Trade issued a Public Notice NO 5 2015 2020 dated 03 05 2016 making a provision for filing application online for grant of Status Certificate
  • Clubbing of Advance Authorisation Annual Requirements

    According to Paragraph 4 38 V of Hand Book of Procedures of Foreign Trade Policy 2015 20 facility of clubbing is not available for Advance Authorization for Annual Requirement By a public Notice No 24 2015 20 dated 04 08 2016 Director General of Foreign Trade has amended the said paragraph to extend the facility of clubbing for Advance Authorization s for Annual Requirement also
  • Dispensation of Proof of Landing under MEIS

    As per paragraph 3 03 of Hand Book of Procedures of FTP 2015 20 where the reward under MEIS is not available to all countries proof of landing of export consignment in notified market is required to be submitted for claiming benefit under MEIS as specified in paragraph 3 03 C Vide Public Notice No 6 2015 20 dated 04 05 2016 issued by Director General of Foreign Trade Government of India Ministry of Commerce and Industry the Landing Certificate henceforth shall not be required under MEIS
  • Frequently Asked Questions (FAQs) on Goods and Services Tax

    Frequently Asked Questions FAQs on Goods and Services Tax GST which will solve many of your doubts on GST
  • Form C Register

    Form C Register Excel Format

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Articles

Income Tax Return ('ITR') - A must for CA


Greetings of the day to all the members of CCI family After a gap of 2 years I am writing this article keeping in mind my relationship with the CACLUBINDIA family I have seen many Chartered Accountants CAs as well as aspirants who though have completed their article ship but still find it difficult


How to report Incomes from India while filing the tax return in USA?


It is often that people take the plea that the law is not known to them and any breach of law therefore is purely due to ignorance However the Latin term ignorantialegisneminemexcusat very aptly and succinctly states the truth ignorance of the law excuses no one Tax violations in countries like USA


An eye view on goods and service tax


1 Model of GST law has been formulated by Empowered Committee of State Finance Ministers on 14 June 2016 as Goods and Services Tax Act 2016 GST will be a cocktail of State VAT Central Excise and Service Tax The Entry Tax The Entertainment Tax and Luxury Tax are likely to be repealed Constitutional A


'Pokemon Go', like 'Taxman Go'! Enjoy It


Arjuna Fictional Character Krishna nowadays two topics are capturing the attention of everyone in India One is the mobile game Pokmon Go and the other is the Income Declaration Scheme 2016 we may call it Taxman Go One is for Finding Pokeman and other is for undisclosed income Lets enjoy it and learn


Income Tax Deductions 2016-17


Dear All Here are Income tax Deductions taking effect of amendments as per finance budget 2016 presented by Mr Arun Jaitely Income tax deduction for AY 16 17 Section 80c The maximum tax exemption limit under Section 80C has been retained as Rs 1 5 Lakh only The various investment avenues or expenses


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Updated on : 8/7/2016 7:13:28 PM


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