income tax calculation formula excel

News

Direct Tax Collections show a growth of 15.8% upto September 2017


The provisional figures of Direct Tax collections up to September 2017 show that net collections are atRs 3 86 lakh crorewhich is15 8 higher than the net collections for the corresponding period of last year Net Direct Tax collections represent39 4 of the total Budget Estimates of Direct Taxes for F

GST rate structure for Petroleum and Oil Sector


To reduce the cascading of taxes arising on account of non inclusion of petrol diesel ATF natural gas and crude oil in GST and to incentivise investments in the EP exploration and production sector and downstream sector the GST Council in its 22nd meeting held on 6thOctober 2017 has made the followi

No further extension of last date for filing GSTR 1 for July, 2017


The last date for filing GSTR 1 for the month of July 2017 is10th October 2017 An extension of two months has already been given There will be no further extension given to taxpayers for filing their GSTR 1 return for July Taxpayers who have not yet filed their GSTR 1 for July are advised to do so i

Notification on extension of facility of LUT to all exporters issued


To be published in the Gazette of India Extraordinary Part II Section 3 Sub section i Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No 37 2017 Central Tax New Delhi the 4thOctober 2017 G S R E In exercise of the powers conferred by sec

FM hints at reduction in GST tax slabs in future


FM To reduce tax slabs in case of GST we have to become revenue neutral plus Inspects the Passing out Parade of 67th Batch of IRS CCE and delivers Valedictory Address Calls for fair implementation of tax laws Releases NACIN Coffee Table Book and Year Book on its Founding Day The Union Minister of Fi

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Experts Opinions

Mismatch of tax component of supplier-customer


The party has deposited an amount of Rs 3200 under the Head of IGST charged in Aug and deposited and filed in 3B in sep But the other party buyer has taken it under CGST and SGST in its 3B Pl clarify a shall the seller has to deposit extra amount of 3200 under CGST SGST as arrears and as advance und

Wrong tax computation


UFORTUNATLY We are overlook one party GST INVOICE figure for Rs 590 00 SGST 45 00 CGST 45 00 which shown our GSTR2A Auto July 17 return But sir we are already submitted our GSTR3B July 17 Aug 17 Sep 17 return after Tax computation Without Including Input Tax Credit for the above Invoice What can We

Interest on late payment of dividend distribution tax


DDT has to pay with in 14 days from date of declaration or date of distribution or date of payment which ever is erlier HERE DATE DECLARATION IS DATE OF AGM BUT WHAT IS THE DATE OF DISTRIBUTION

Gst composition tax


hello what is head for gst payment in composition TAX UNDER SGST OR OTHER HEAD KINDLY TELL CORRECT HEAD FOR DEPOSIT COMPOSITION TAX THANKS IN ADVANCE

Book profit for mat calculation


Dear Sir Need advice regarding calculation of MAT u s115JB in a case the details are as under A BOOK PROFIT LOSS FY 2015 16 i B f Business Loss FY 2015 16 Rs 1 00 Lacs ii B f Unabsorbed Dept FY 2015 16 Rs 5 00 Lacs iii Total Loss FY 2015 16 Rs 6 00 Lacs B TAXATION FY 2015 16 i Unabsorbed Depreciatio

Discussion

Place of Taxation

A of Kolkata supplying goods to B of Nepal B is customer of C and C is of Kolkata Whether A should charge IGST of SGST to C Supplier is A of Kolkata Buyer is C of Kolkata Consignee is B of Nepalwithout bond or undertaking

income tax

amount paid in cash for purchase in excess of 10000 in a single day is disallowed under section 40 a 3 or not

taxation on inherited property

Which tax will be imposed on inherited property and how much

income tax related to st

sir whether scheduled tribe need to file income tax returns in their home state

It's new version/tax details or old ones..

It s new version tax details or old ones Please clarify so we can refer on the same basis

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Articles

How to convert JSON file to Excel Format? - GSTR 2 Filing


Steps to convert JSON file into Excel format Step 1 Login to GST Portal by using the below link https services gst gov in services login Step 2 Go to return dashboard select financial year month and proceed Step 3 In Auto drafted GSTR 2A tab Click on download Generate file A message will be displaye


Major changes in Income Tax for FY 2017-18


There will be several changes including tax slabs ITR due dates etc in Income Tax for FY 2017 18 AY 2018 19 Take a look on those changes INCOME TAX SLAB RATE According to Budget 2017 18 Income tax slab rate has been changed for FY 2017 18 Earlier 10 tax rate has been reduced to 5 now other rates rem


Effects of Demonetization and GST on Personal Income Tax Growth


Undoubtedly there are two things in ones life which they cannot overlook Death and Taxes Here when we talk about tax we refer to income tax liability of an individual which is certain after a certain level of income is reached Although there is a certain tax rebate in India individuals earning over


Income Tax Department ask assessee to update their information


The Income Tax Department has asked taxpayers to update their profiles on its e filing portal i e https incometaxindiaefiling gov in The official notification date is 22nd September 2017 These are the following details which is required to be updated adsbygoogle window adsbygoogle push New Registrat


Interest on delayed payment of tax - Section 50 of CGST, 2017


Introduction This article discusses in detail about interest payable on late payment of tax liability under GST Every person who is liable to pay tax under GSTfailsto pay the tax or any part thereof to the Government within the due date then he shall pay on his own interest at 18 or 24 P A on outsta


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Updated on : 10/18/2017 1:17:11 AM



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