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Rule 31A of the Income Tax Rules, 1962 prescribes the due date for furnishing of TDS Quarterly Statement/return for; TDS on Salary u/s 192 in Form 24Q TDS on u/s 193 to 196D in Form 27Q and, TDS on all other cases in Form 26Q The due dates …
Form 12BB for furnishing evidences/particulars of deductions claimed by an employee for TDS from Salary CBDT Vide notification no. 30/2016 dated 29-04-2016 has inserted a new Rule 26C in the Income Tax Rules, 1962 and notified Form 12BB for furnishing to the employer, the evidences and particulars of …
TDS TCS Rules major amendments. Rule 26C Form 12BB, Rule 30 Section 194IA, Rule 31A, TDS Qyarterly Return Due Dates etc. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 30/2016 New Delhi, the 29th April, 2016 INCOME-TAX S.O. ___(E).— In exercise …
F.No.225/12/2016/ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, dated the 2nd of May, 2016 To, Principal Chief-Commissioners of Income-tax/ Principal Directors General of Income-tax Subject: – Consistency in taxability of income/loss arising from transfer of unlisted shares under Income-tax Act, 1961-regd. …
Whether a transaction is a deemed sale or a service is a question of fact and would have to be determined in appropriate proceedings. This has been held by the Delhi High Court In a recent judgment. It also observed that mere fact of filing service tax returns and …
In a recent judgment, ITAT Kolkata has held that the re-assessment under section 143(3)/147 is independent and separate from the original assessment order passed u/s 143(3) and it can not be said that the both the orders of assessment made u/s 143(3) originally and the assessment made subsequently u/s …
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 …
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 …
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 …
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 …