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wealth tax exemption limit


CBDT signs 20 Unilateral Advance Pricing Agreements with Indian taxpayers

The Central Board of Direct Taxes CBDT entered into twenty 20 Unilateral Advance Pricing Agreements APAs yesterday and today i e 29th August 2016 and 30th August 2016 with Indian taxpayers Many of these agreements also have a Rollback provision in them The APA Scheme was introduced in the Income tax

Protocol for prevention of tax evasion between India and Mauritius

Notification of Protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains and for the encouragement of mutual trade and investment between India and Mauritius The Protocol for amendment of the

Extension of date of filing return in J&K to 30.09.2016

F No 225 195 2016 ITA II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block ITA II Division New Delhi the 26th of August 2016 Order under Section 119 of the Income tax Act 1961 On consideration of reports of dislocation of general life in certain

Update PAN at ICAI to avoid blocking of efiling account by IT dept

It has been noticed that the Income Tax Department has blocked disabled the e Filing account of the members whose correct PAN details are not available with the Department Upon following with the Income Tax Department it has been informed that the blocking and disablement of the E filing Account of

Capital gains to be attracted for investment via Cyprus

Cabinet approves Agreement and the Protocol between India and Cyprus for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion India today took another major step in the fight against tax evasion round tripping and base erosion profit shifting The Union Cabinet chaired by the Prime M

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Experts Opinions

tax on banquet

hi experts pls resolve my query as under client is raising a bill for say rs 100000 for banquet and food charges no sepearte bill is there for both services then he is liable to deposit service tax only at 10 5 equals to 10500 rs suppose if he shows bill as under food services for rs 50000 banquet r

Capital gain tax

hello sir I sold converted land in financial year 2013 14 but did not file my return of income till now Recently i received a notice from IT department stating that section 50C is attracted to your transaction and pay tax 45 under undisclosed income scheme May i know is there any provision so that i

Service tax in case of rcm where the party not registered

Dear all experts my company is Pvt ltd and registered in service tax and we have deposited all service tax liability in case of rcm or partial rcm of registered sub contractors Labour Manpower supply Individual Partnership But we have not deposited any service tax of sub contractor whose work done v

Washing allowance limit for esic exemption

Please enlighten me on the limit of exemption available for washing allowance for esic deduction

Query about profession tax of companies director

Dear Sir My query is related to Professional Tax payable of Companies Director Our Company is basically from Chennai Base and our Registered office at chennai and remuneration paid from chennai office All our Directors sitting at Chennai office and residing at chennai TN But our Branch office at Nag


Income tax return of unregistered trust

Dear All Filed Income Tax Return ITR 7 of unregistered Trust and claim exemption u s 11 notice received u s 139 9 for core defective return what should we do there is no business and only income from donation from general public as well as community Shall we can file return under AOP and ITR 5 under

Taxability of library books under company act 2013

Can anyone tell me under which head library books is to be depreciated under companies act 2013 held by educational institute

Entry tax in madhaya pradesh

Sir we are in civil construction business Our works are going in madhya pradhesh our materials are gettting transferred from our other state to m p materials are used shuttering materials whether we have to pay entry tax if yes what will be the rate of entry tax please guide us

Entry tax in rajasthan

Sir i want to enquire whether we have to pay entry tax on the machinery mobile crane hydraulic crane jcb its being shifted from our other state to rajasthan for our construction work in rajasthan and the project in rajasthan was exempt work pls guide us

Service tax

Can we take input credit of service tax paid as service receiver under reverse charge on security charges against service tax liability and which is the notification for availability or non availability of input credit of service tax paid on security charges

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File Download

  • CA Final IDT Flow charts for Nov 2016

    file contains flow charts and summary notes on IDT Service tax excise and customs Highly useful for students who do not get sufficient leave for exams The notes is being followed by more than 10000 students and scoring marks between 55 to 80 Happy reading Good wishes
  • Amendment in reimbursement of CST for EOUs etc.

    Procedure to be followed for reimbursement of Central Sales Tax on supplies made to EOUs EHTP STP and Application for claim TED Refund Duty Draw Back Brand Rate Fixation
  • Removal of mandatory warehousing requirements

    Removal of Goods from EOU procedure for transfer movement of Goods from one EOU EHTP STP BTP and exemption in duties of EOU EHTP STP BTP
  • Income Tax Return Statistics - Assessment Year 2012-13

    New version of the income distribution data for AY 2012 13
  • Time Limits under Income Tax Assessment Procedure

    This files contains a summarized table of various time limits due dates applicable in case of income tax assessment appeals and penalty procedure etc for November 2016 CA Final Direct Taxes paper The file forms part of a book titled Summary Book on Direct Taxes written by author CA Anoop Bhatia Jaipur which is available in soft as well as hard copy for sale at www cafinal com

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Citizen of India - A Full Time Taxpayer to the Government

I want to draw attention of all the citizens of India towards the newly passed GST Bill Indian Constitution and the Role of government What is actually written in the constitution and how government is currently following I will try to explain the current situation of the citizens Hope you all under

4 Psychological mistakes to avoid while preparing for Income Tax!

Introduction Love it or hate it but you cannot ignore it Income tax is easy if you understood it well otherwise it is the most complex subject you will ever see Once the great scientist Albert Einstein said the hardest thing in the world to understand is the income tax But you have all the resources

Taxable Person Under GST

Relevance of Taxable Person Taxable person is defined under section 9 of the model CGST SGST Act but before understanding who is a taxable person let us understand what is the relevance of taxable person The most important section of any statute is the charging section In the Model GST Laws section

Direct Tax Laws Amendments for CA IPCE Nov 16 Exams

Chapter Amendments Basic Concepts No Amendments Residential Status Scope of Total Income In case of Member of Crew of Indian Ship leaving India The following period shall be excluded from the No of Stays in India The Date entered in Continuous Discharge Certificate as JOINING THE SHIP till the Date

India Cyprus Tax Treaty revised with Source based taxation of Capital Gains

India Cyprus DTAA Amendment in line with Mauritius Tax Treaty India Cyprus Tax Treaty revised with Source based taxation of Capital Gains Retrospective removal of Cyprus from blacklisting notification The Union cabinet recently approved the revised doubletaxation avoidance agreement DTAA withCyprus

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Updated on : 8/31/2016 8:39:11 PM




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