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DOWNLOAD FORM 12BB TO CLAIM DEDUCTION BY SALARIED EMPLOYEE

DOWNLOAD FORM 12BB TO CLAIM DEDUCTION BY SALARIED EMPLOYEE It is the responsibility of every organization to deduct TDS of its employees whose total income from salary head exceeds the basic exemption limit. Usually to reach at the total income employee submits declaration that after considering the declared investment his ...

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CASH FLOW STATEMENT – as per AS 3

CASH FLOW STATEMENT

CASH FLOW STATEMENT As per Companies Act 2013, inclusion of Cash Flow Statement in the Financial Statement is mandatory provision for all the companies except some specified companies about which we will discuss later in the article. Our focus for this post will be Applicability of Cash Flow Statement Format ...

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Deduction for Contribution to NPS – Section 80CCD – Budget 2016

Deduction for Contribution to NPS – Section 80CCD – Budget 2016

Deduction for Contribution to NPS – Section 80CCD – Budget 2016 Income tax act provides various investment plans to save income tax act on the taxable income of assesses. Section 80C, Section 80CCC & Section 80CCD & 80D are the most popular among the assesses. This post mainly focused on ...

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TIME LIMIT FOR BELATED RETURN REDUCED IN BUDGET 2016

TIME LIMIT FOR BELATED RETURN REDUCED IN BUDGET 2016

TIME LIMIT FOR BELATED RETURN REDUCED IN BUDGET 2016 Among other main amendments the most important amendment related to filing of income tax return is as given below in this post. Earlier there was a provision for filing of belated income tax return under section 139(4). The time limit for ...

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How to Save your Taxes by Investments as per Sec 80C

How to Save your Taxes by Investments as per Sec 80C After teaching you how to save Taxes via HRA, Today we are going to teach you how you can save your Income tax by investing in some schemes as per 80C, 80C is a group of multiple Investment scheme, ...

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How to Save your Taxes via HRA (House Rent Allowance) Sec10 (13A)

HRA Exemption

How to Save your Taxes via HRA (House Rent Allowance) Sec10 (13A) In this article we are going to teach you How a salaried class person can Save his/her Taxes via HRA (House Rent Allowance) Sec10 (13A). We divided this article in 2 parts i.e. Criteria and guidelines. HRA is ...

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How to Avoid TDS implication on interest receipts from Fixed Deposits (FD)

TAXPAYER

How to Avoid TDS implication on interest receipts from Fixed Deposits (FD)   Feeling harassed for TDS being deducted on your FD interest even though you aren’t liable to pay any taxes? Or lazy enough to claim tax refund & filing ITR or saving unwanted fees given to consultants & ...

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Swachh Bharat cess applicable on all taxable services @0.5%

Swachh Bharat cess applicable on all taxable services @0.5% In budget 2015 government has announced to levy Swachh Bharat Cess on all or some of the taxable services in addition to the current rate of 14%. It has been sad that the proceeds out of this Cess will exclusively use ...

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Download Computation Sheet for Demand raised by AO

Download Computation Sheet for Demand raised by AO As you may be kindly aware, ICAI through its Direct Taxes Committee endeavors to strengthen the relationship between the tax payers and the revenue administration by submitting representations on various issues arising out of direct tax laws. In an endeavor to facilitate ...

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Specified Domestic transactions | Key Requirements | Penalty for non-compliance

Transfer Pricing Provisions | Specified Domestic transactions | Key Requirements | Penalty for non-compliance. 30th November is about to come various assesses are concerned about their transfer pricing Return under the provisions of the Income Tax Act. For this purpose assesse has to keep & maintain certain documents. In this post we ...

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