Daily Archive: Sunday, May 1, 2016

Excel Income Tax Formula for calculating income tax in a single excel cell for individuals, senior citizen and super citizens

Author: | Categories: Income Tax 4 Comments
Excel Income Tax Formula  Excel Income Tax Formula for calculating income tax in a single excel cell Ever felt the need to have one compact formula that can calculate income tax in one go? If yes, Microsoft Excel Sumproduct function can be used to calculate income tax for persons

 

Tied-up grants received from donor for specific purpose do not form part of total income of the charitable institution/trust u/s 11-ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
In a recent judgment, Hyderabad ITAT has held that grants or contribution in the nature of tied-up grants cannot be taken into consideration for the purpose of computing total income of the charitable institution/trust u/s 11 of the Income Tax Act, 1961. Case Law Details: ITA No. 1443/Hyd/2014 Assessment Year:

 

Dena Bank Concurrent Audit for the period July 2016 to June 2017. Online Application invited for empanelment of Chartered Accountants (CA) Firms

Author: | Categories: Empanelment No comments
Dena Bank has invited applications for selection of Chartered Accountants (CA) Firms as Concurrent Auditors for the period July 2016 to June 2017 at 184 centers across the Country. Submission of Applications The Recipients should submit their applications online on our website (www.denabank.com) as per the format attached. The recipient/

 

Foreign visit travel expenses, delegate fee and related expenses incurred for spouse of the chartered accountant firm’s partners disallowance

Author: | Categories: Income Tax, ITAT, Judgments No comments
Disallowance made for foreign visit travel expenses, delegate fee and related expenses incurred for the spouses of the chartered accountant partners upheld by ITAT Mumbai. Case Law Details: ITA No. 5088/Mum/2014  Assessment Year : 2010-11 M/s. Sharp & Tannan vs. ACIT Date of Judgment/Order: 29/04/2016 Brief Facts of the Case: The assessee

 

Step by Step procedure for filing Online Form 15CA and Form 15CB applicable from 01/04/2016 as per CBDT Notification 93/2015

Author: | Categories: Income Tax No comments
Procedure and Instructions to e-File Form 15CA and 15CB CBDT vide its notification no. 93/2015 dated 16-12-2015 has revised the rule 37BB and form 15CA and Form 15CB. The revised rules and forms shall be effective from 1st April, 2016. Registration process for Filing Form 15CA To file the