Income Tax Articles

Requirement of Form 15CA & Form 15CB

Posted by srinivasan 13 June 2015 275901 Views

Analysis of Form 15CA & 15CB requirement for payments made for import of goods Back ground of the issueProvisions of Sec. 195(6) of the income tax act got amended by the Finance Act 2015 and it comes into force with effect from 1-6-2015. As per

Features of forthcoming release of TDS/TCS

Posted by VARUN BEDI 13 June 2015 23088 Views

It is proposed to release new version of NSDL e-Gov TDS/TCS � Return Preparation Utility (RPU) and File Validation Utility (FVU) tentatively on 19th June, 2015. Details of which are given below:- 1. Return Preparation Utility (RPU)�

ICDS as tax saving tool

Posted by Member (Account Deleted) 10 June 2015 23523 Views

IntroductionEver since CBDT notified the new Income Computation and Disclosure Standards for computation of taxable income, many debates and analysis have been done with professionals giving their respective conclusions. We h

Exemption u/s 54 for asset purchased in different name

Posted by CS Advocate Abhishek Goyal 09 June 2015 80418 Views

New asset purchased in another person' name or in joint name-whether exemption u/s 54 & 54F available? Query:

School reopens! Unresolved questions of its Fees in Income Tax

Posted by CA Umesh Sharma 08 June 2015 10458 Views

Karneeti Part 101School reopens! Unresolved questions of its Fees in Income Tax Arjuna (Fictional Character): Krishna, June is here, Schools / colleges soon will reopen. Therefore Parents are busy in their children�s school preparation. Today

TDS Amendments

Posted by Member (Account Deleted) 06 June 2015 44091 Views

IN FINANCE BILL 2015 SOME MAJOR AMENDMENTS REGARDING TDS HAVE BEEN MADE AS UNDER:Under the existing provisions contained in the proviso to clause (i) of sub-section (3) of the section 194A, income credited or paid in respect of time deposits with a b

How to save income tax on salary

Posted by CA ANKIT GUPTA 05 June 2015 41629 Views

The objective of this blog is to empower the employees with knowledge by providing Minimum Income Tax knowledge that would enable him to save Maximum Income Tax by restructuring their respective Salary or Cost to Comp

Simplified income tax return forms

Posted by Sensys Technologies 05 June 2015 17954 Views

A New Form ITR 2A is proposed which can be Filed by an Individual or HUF who does not have Capital Gains, Income from Business/Profession or Foreign Asset/Foreign Income. In Form ITR 2 and the New Form ITR 2A, the Main Form will not Contain more than

Income from salary

Posted by AAYUSHI BANSAL 01 June 2015 175355 Views

INCOME FROM SALARIESAny remuneration paid by an employer to his employee in consideration of his service is called Salary.It includes monetary value of those benefits and facilities provided by the employer which are taxable.Section 15, 16 and 17

TDS on withdrawal of EPF

Posted by Sandeep Jadhav 01 June 2015 22322 Views

TDS on withdrwal of EPF (Employee Provident Fund)U/s-192A with effect form 01st June 2015.The Finance Act 2015 has Inserted a new section 192A regarding the TDS on payment of accumulated provident fund balance due to an employee, The provision shall