As per the official notification of the CBDT it is mandatory for an employee to intimate his employee if he is opting for the concessional tax rates under the new tax regime for the purpose of TDS deduction on salary.
Reason for introduction of Section 194M This section was introduced for the purpose to cover some specified high value transactions in personal nature under TDS which was previously excluded from TDS provisions.
Form & mode of filling of Income Tax Return for A Y 2013-14 Relevant Sections of Income Tax Act, 1961:- 139(1), 139(3), 139(4A), 139(4B), 139(4C), 139(4D), 142(1), 148(1), 153A All Applicable Return Forms for A Y 2013-14:- ITR 1 (SAHAJ)
Income from intra-day trading is considered as speculation income and taxed as such. While speculation losses can be set off only against speculation gains, non-speculation business losses may be set off against short/long-term capital gains. KEY POI
The Institute of Company Secretaries of India is a statutory body in India to regulate the profession of Company Secretaries. From a start as a small body, the institute has grown to be a large professional body. Members of the Institute are playing
Chronological legal history of provisions relating to service tax on renting of immovable propertyA. 01.06.2007 by Finance Act, 2007Section 65 (90a)Renting of Immovable Property includes renting, letting, leasing, licensing, or other similar arrangem
CAPITAL GAINS Applicable for A.Y.2013-14 Today very few people might have not known the word Capital Gains Tax. Section 45 of the Income Tax Act, 1961 deals with taxability of capital gains. Section 45 says that any profits & gains arising fro
MY TRIPS AND TRICKS FOR AUDITING Friends, I am very happy that we completed our study schedule for all the subjects in group-I of IPCC. All of your comments to my previous tips and tricks for self study articles are encouraging me
Chartered Accountancy is a profession that is as desirable as the Engineering and Medical ones. The corporate sector of the industry is always in a need of chartered accountants and with the booming economy, this need is only going to increase. Whe
Dear Members and Students, The Article mentioned below contained brief provisions about Company Audit. If you need the file containing detailed provisions let me know your E-mail ID through Personal Message (PM). This file is very useful for quick re
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English