section 194IA


Equalisation levy of 6 percent will come into force from 1st June


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Govt invites suggestion on MAT framework for computation of book profit

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 28th April 2016 Subject Framework for computation of book profit for the purposes of levy of MAT u

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CBDT will pay interest on refund for excess TDS deposited

Payment of interest on refund under section 244A of excess TDS deposited under section 195 of the Income tax Act 1961

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MVAT rate changed to 5.5 percent

FINANCE DEPARTMENT Madam Cama Marg Hutatma Rajguru Chowk Mantralaya Mumbai 400032 dated the 30th March 2016 NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT 2002 No VAT 1516 C R 31 Taxation 1 In exercise

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CBDT requests Taxpayers to use Online rectification facility

Income tax Act provides the taxpayer with an option to seek rectification of mistakes apparent from record under section 154 of the Act The e filing portal of the Income Tax Department provides the ut

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Experts Opinions

Section 206 c

My assessee is commission agent Kacha Adatiya He makes payment to agricuturist The adat patties are more than Rs 2 lacks Can he has to make TDS from the agriculturist

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Section 50 (c)

a person has build a 8 flats building during the year 2012 13 three flats are given to his sons and one flat keeps for self He sold one flat for rs 1500000 in the year 13 14 but the stamp value taken

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a doctor can declare his income for fy 2015 16 as per 50 of gross receipts and gross receipts of doctor not exceeds 50 lakh

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Fees u/s 234e for 194ia ???

One of my client purchased H P on 03 03 2014 for Rs 60 lacs So he was served a notice by I T for non filing of 26QB I have caclulated tds interest for late deduction and interest for late payment also

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Section 143 (2)

The case of the private ltd company is scrutinized u s 143 2 for Financial Year 2013 14 A O demands stock statement for financial year ended on 31 03 2013 and 31 03 2014 from Bank The Stock position i

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Now its easy to learn sections, rules, rates...etc.

For CA CS CMA Now its easy to learn Sections Rules Rates etc At any Place At any Time on your mobile phones Use your valuable time in preparing yourself and get clarity on your subject which helps in

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Section 80 ee (4) interest on housing loan

There is no Line Item in Sahaj 1 AY 2016 17 for pasting Figure of Interest on Housing Loan Deduction under section 80 Request to Suggest where we add this figure under which section

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Late filing fee u/s 234e for 194ia

One of my client purchased H P on 03 03 2014 for Rs 60 lacs So he was served a notice in May 2016by I T for non filing of 26QB I have caclulated tds interest for late deduction and interest for late p

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Claiming of exemption under section 54

Dear friends one of my client sold two Residential houses one was given on rent in different dates in the fy 2015 16 and after selling he had no residential house and simultaneously he purchased two r

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Regarding section 62(3)

what is the solution for preferential allotment pursuant to conversion of loans into equity shares when is condition stipulated in section 62 3 have not been fulfill

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  • NCLT and NCLAT under Sections 408 and 410 respectively of the Companies Act, 2013

    The National Company Law Tribunal and National Company Law Appellate Tribunal under Sections 408 and 410 respectively of the Companies Act 2013


  • Transactions which are not regarded as transfer [Section 47]

    Transactions which are not regarded as transfer Section 47


  • Circular for clarification on amendment in section 206C

    Circular No 22 2016 Dated June 8 2016 Clarification on amendment by Budget 2016 Section 206C of Income Tax Act TCS


  • Circular on Section 14A

    CBDT notifies amended Rule 8D for computation of disallowance u s 14A clarifies that amount of disallowance as computed under Rule 8D shall not exceed total expenditure claimed by the assessee Deletes sub clause ii in Rule 8D 2 which dealt with computation of expenditure towards interest not directly attributable to any particular income receipt as per the prescribed formula Increases the rate to be applied on annual average value of investments from 0 5 to 1 Amended Rule shall come into force on the date of its publication in the Official Gazette CBDT


  • NCLT Covered Sections

    A brief list on NCLT covered sections


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No TCS on provision of any service due to drafting anomaly in Section 206C of IT Act

I am sure that you are completely surprised by the title because nobody has yet pointed out such an anomaly You heard it right and please do let me explain The Honble Finance Minister Shri Arun Jaitle

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About 29 new sections notified on June 1st 2016 in CA 2013

Hi All MCA had notified 29 new sections through exercise of the powers conferred by sub section 3 of section 1 of the Companies Act 2013 18 of 2013 By this the Central Government hereby appoints the 0

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Complete understanding of Section 62 and 42 of the Companies Act 2013

A COMPLETE AND CLEAR UNDERSTANDING OF SECTION 62 42 OF THE COMPANIES ACT 2013 FURTHER ISSUE OF SHARE CAPITAL Section 62 of the Companies Act 2013 1 Where at any time a company having a share capital p

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Section 115JB of the income tax act

SECTION 115JB OF INCOME TAX ACT 1961 SPECIAL PROVISION FOR PAYMENT OF TAX BY CERTAIN COMPANIES AFTER BUDGET 2016 This section is nothing but the Minimum Tax that a company is required to pay This sect

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Highlights of Section 194IA

Highlights of Section 194 IA TDS On Sale Purchase of IMMOVABLE PROPERTY Crux 1 As per Finance Act of 2013 TDS is applicable on transfer of any Immovable Property other than agricultural land wherein t

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Updated on : 6/15/2016 6:06:09 PM

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