computation of total income format

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MOU between MCA and CBDT for automatic exchange of information


MOU between the Ministry of Corporate Affairs and Central Board of Direct Taxes CBDT for Automatic and Regular Exchange of Information Taking forward the initiative launched by the Government of India to curb the menace of shell companies money laundering and black money in the country and prevent m

Services on which rate of GST reduced to 12%


Decisions taken on Services 21st GST Council Meeting 9th September 2017 The following decisions were taken by the GST Council at its 21st meeting held in Hyderabad on 9th September 2017 The information is being uploaded immediately after the GST Councils decision and it will be subject to further ve

CBDT extends date for Linking of Aadhaar with PAN to 31st December


CBDT extends date for a Linking of Aadhaar with PAN and b Due date for filing Income Tax Returns and Tax Audit Reports To facilitate ease of compliance by the taxpayers CBDT has extended the date in the following cases i Aadhaar was to be linked with PAN by 31stAugust 2017 The date for linking Aadha

Audit due date extended to 31st October 2017


F No 225 270 2017 ITA II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block ITA II Division New Delhi dated the 31st of August 2017 Order under Section 119 of the Income tax Act 1961 Act The Goods and Services Tax GST has come into effect on 01 07

Last date for MEF online filing extended to 31st August


For kind information of all practicing members of Institute Extension of Multipurpose Empanelment Form for the year 2017 18 The last date of online filing of MEF 2017 18 is hereby extended from 25th August 2017 to 31st August 2017 and the last date of submission of duly signed hard copy of declarati

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Experts Opinions

Income tax refund cheque with old name


Respected Expert Our company received Income Tax refund cheque pertaining to AY 2012 13 But our company had changed its name during FY 2013 14 and now we did not have any bank account with old name We initiated refund reissue request online but even after that income tax department issued refund che

Income from mutual funds


Respected sir A person makes investment in Mutual funds through SIP He does not show any income of mutual funds every year On maturity of that he gets lump sum amount My question is that whether that whole amount is taxable or difference amount Maturity amount Investment amount is taxable If that am

Post office commission income


an assesee is a house wife and in part time she works as post office commission agent and receive post office commision income on which TDS has been deducted for which refund claim is to be filled as her total income does not exceed B E L now my question is under which head above income of post offi

Exempt income


A person recd gift from relative and HUF of whose he is member HUF Invested in his PPF account where to show this in ITR1 or other ITR ALSO WHERE TO SHOW INTEREST ON PPF IN ITR

Purohit income - itr ??


For the Purohit income which return should be filed he has annual income is of around 3 LksWhether it should be filed under itr 1 under Other sources or itr 4 profession He will get cash and he will deposit in his account He will get by doing activities like Pooja in temple and other Poojas outside

Discussion

What should I do if CA has filed incorrect income tax return

Hi I have asked one CA for ITR in which I also asked him to add HRA and some other allowenace which I have not declaried at the start of the year He has done it but he did mistake in the calculation of HRA As per my understanding HRA calculation requried Basic Salary But CA used whole monthsalary fo

Income tax refund cheque with old name printed on it

Dear All Our company received Income Tax refund cheque pertaining to AY 2012 13 But our company had changed its name during FY 2013 14 and now we did not have any bank account with old name We initiated refund reissue request online but even after that income tax department issued refund cheque with

Buying equity shares (physical format) of listed company

WE BUY SHARES at DISCOUNTED PRICE in physical format of any listed Company even those of DECEASED PERSONS been tendered to us by RELATIVES HEIR NOMINEE conatc us dahaless gmail com phone 9561397999

Buying equity shares (physical format) of listed company

We BUY at discounted price Equity shares in Physical foramt of any listed comapnies Qty No bar PAYMENT IMMEDAITE after getting all RELEVANT PAPERS SH4 bank verification affadavit adddress and PAN card UID proof and SHARE CERTIFICATES contact dahaless gmail com 9561397999

Rent income GST

having commercial rent income having a GST credit can I issue invoice set off GST against GST credit as ITC 18 on yarn outward 5

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System based reconciliation of information furnished in Forms GSTR 1, GSTR 2 with form GSTR 3B


Some important notes areas AUTHORS Notes based on the circular no 7 2017 dated 1 Sep 2017 Registered person who has opted to file TRAN 1 by 28 Aug 2017 will have a credit of such ITC in their Electronic Credit Ledger for utilising to pay tax liability further After the return in FORM GSTR 3B has bee


Be alert about the new process of refund under the Income tax Act


Refund process under the Income tax becomes more stricter than earlier through the amended Section 143 1 A of the Income Tax Act The Income tax department is suspecting that most of the taxpayers are getting refunds by declaring the taxable income comparatively lesser than the issued Form 16 16A The


Cash Transactions - Legal Backup(Income Tax)


Income Tax Provisions on Cash Transactions Section 269ST AND 271DA Section 40A 3 Section 269SS AND Section 271D Section 269T AND Section 271E Section 43 1 Section 269ST AND 271DA 269ST This section is attracted when Any Person receives cash more than 2 lakhs from any person From Same person in a day


Changes in Income Tax Return Forms A.Y. 2017-2018


Changes in Income Tax Return Forms A Y 2017 2018 Introduction of newSINGLE PAGE ITRForm 1 Sahaj This initiative will benefit more than two crore tax payers who will be eligible to file their return of income in this simplified Form The number of Income Tax Return Forms AY 2017 18 FY 2016 2017 has be


Draft Format of Tax Invoice under GST


Below is the draft format for tax invoice under Goods Services Tax This format is prepared considering the rule of GST regarding valid tax invoice Please note that this is one kind of tax invoice the design can be adopted and modified according to ones needs Points to note 1 In case of export of goo


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Updated on : 9/18/2017 7:21:26 PM



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