CBDT CLARIFICATION ON TCS PROVISION
The CBDT vide Circular No. 23/2016 dt. 24 June 2016 has clarified on FAQs of stakeholders reg. scope...
NO TAX COLLECTION AT SOURCE IF CASH RECEIPT PER TRANSACTION NOT EXCEED RS. 2 LACS
No Tax Collection at Source if Cash Receipt per Transaction Not Exceed Rs. 2 Lacs Circular No. 23/20...
High Value Financial transaction Information collected by Income tax
Annual Information Return (AIR) of ‘high value financial transactions’ is required to be...
Additional Depreciation u/s 32(1)(iia) on printing & publishing
Circular No. 15/2016 F.No.279/Misc/140/2015/ITJ Government of India Ministry of Finance Department o...
Advance Tax Payment Due Dates, Rates & Computation
Do you know that we need to make advance tax payment otherwise the tax is paid with interest. Here I...
Tax-efficient investment planning for FY2016-17 in 5 steps
First up–the hard facts: Young India is not saving as much as it should. In fact, the average Indi...
Budget 2016 : Deduction of 100% profits to Affordable Housing Projects
Budget 2016 : Deduction of 100% profits to Affordable Housing Projects u/s 80IBA:- Section 80IBA is ...
Tax Collected at Source in India: Rates & TDS Difference
Tax Collected at source (TCS) is governed by Section 206C of Income Tax Act, 1961 in India. A person...
When bye-laws was amended, society was entitled to registration u/s 12AA from the date of establishment
In a recent judgment, ITAT Chennai has held that when the amendment was made in the . of the so...
Processing of Returns filed in FY 2014-15 Getting Time Barred
AST Instruction No. 140 Dated : 15.03.2016 As you are aware that returns furnished by the assessees ...