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Posted On:  1 year ago


Online filing and tracking of rectification requests under section 154 User Manual of Income Tax 

Income-tax Act provides the taxpayer with an option to seek rectification of mistakes apparent from record under section 154 of the Act. The e-filing portal of the Income Tax Department provides the utility for online filing and tracking of rectification requests.

article author One Roof Consultant

Posted On:  1 year ago


16 Changes in Income Tax Form for Financial Year 2015-16 Assessment Year 2016-17

The Finance Act, 2015 abolished the wealth-tax. Thus, taxpayers are no longer required to file returns of wealth tax from assessment year 2016-17 onwards. However, the Hon'ble Finance Minister in his budget speech had announced that information which was to be furnished in wealth tax return will now form part of ITR.

article author One Roof Consultant

Posted On:  1 year ago


New Rule for 15CA / CB is applicable from April 2016

Rule 37BB has been amended and provides that The furnishing of information for payment to a non-resident, not being a company, or to a foreign company in Form 15CA has been classified into 4 parts- Part A, Part B, Part C and Part D,

article author One Roof Consultant

Posted On:  1 year ago


Important changes in ITR forms issued for AY 2016-17

Important changes made in ITR forms to give effect of amendment made in budget 2015.

article author CA Nikesh Sheth

Posted On:  1 year ago


Instructions for SUGAM ITR4S filing Income Tax Return for FY 2015-16 AY 2016-17

This Return Form is applicable for assessment year 2016-17 only, i.e., it relates to income earned in Financial Year 2015-16.

article author CA Chirag Chauhan

Posted On:  1 year ago


Step for Ease of Doing Business - Clarification on Excise on Jewellery World

Some Important facts of Excise on Jewellary - Path of GST

article author Darshan Jain

Posted On:  1 year ago


CARO 2016 issued by MCA Ministry of Company Affairs effective for Financial Year 2015-16

MCA has issued CARO 2016 on 30 March 2016 which is effective for Financial Year 2015-16. CARO, 2016 is applicable to every company, including foreign company and prescribed Class of Private Limited Company. CARO is not applicable for banking company, insurance company, Company for which Sec. 8 is applicable, One Person Company.

article author CA Chirag Chauhan

Posted On:  1 year ago


Analysis of Deposits by Nidhi Companies

In this article we discuss how much a Nidhi Company can take deposits and from whom. These are the rules and limitations for taking deposits by Nidhi Companies

article author CA Kapil Goel

Posted On:  1 year ago


Mobile Accessories turns expensive

government has also withdrawn exemptions on charger/adapter, battery, wired headsets/speakers etc. usually accompanied by the mobile handsets. This article is an attempt to present the excise duty rates applicable to parts and accessories of mobile handsets.

article author CA PRADEEP JAIN

Posted On:  1 year ago


Now Correct 26QB statement cum challan relating to TDS on sale of property u/s 194IA Online

The Buyer of property has to file Form 26QB for depositing TDS deducted and payment on sale of property. The Buyer has to fill up all the details like property address, name and pan of seller, name and pan of buyer, amount, etc. Now 26QB Correction functionality has been enabled on Tax Payer login -> 26QB -> Online Correction.

article author CA Chirag Chauhan

Posted On:  1 year ago


Last few days to plan your Taxes before march end. Get maximum Tax benefit avoid last minute rush

We Indians have will always wait till last minute for execution. Be it Exam preparation during college days or deadline in office for presentation and lastly for planning and avoiding taxes on Income. Salaried individual who had liquidity for investment has made and submitted proof, however many are still left because they are confused or are not able to make right choice for investment.

article author CA Chirag Chauhan

Posted On:  1 year ago


New Revised Eforms on MCA site w.e.f 27.03.2016

Changes in MCA filing compliances through issue of new eforms on 23.03.2016 which will be effective from 27.03.2016

article author CA Nikesh Sheth

Posted On:  1 year ago


Service tax assesses to file annual return

Although, with the government resorting to implement unified taxation regime GST in near future, it was hoped that the number of returns to be filed by an assessee would reduce substantially and this has been done in case of Central Excise Assessees which is highly appreciated by the trade and industry. However, at the same time, service tax assessees will be required to file Annual Return in addition to the half yearly returns presently filed by them. This has been done by amending Rule 7 of the Service Tax Rules, 1994 which will be applicable with effect from 01.04.2016. This article is an attempt to analyse the probable consequences of the amendment.

article author CA PRADEEP JAIN

Posted On:  1 year ago


Taxation of Business Model for E Commerce – Equalization Levy on Specified Business Transaction

A Committee on Taxation of e-commerce was constituted by Central Board of Direct Taxes (CBDT) to examine the business models for e-commerce. The Report of the Committee was received by the Government and taken into consideration in the preparation of Finance Bill, 2016. This Report provides the view of the Committee on issues related to taxation of e-commerce & recent international developments in this area.

article author CA Chirag Chauhan

Posted On:  1 year ago


Profiting through Branding – A Saffron Story

How branding can help sell the same product at different prices

article author Sarthak Bhansali

Posted On:  1 year ago


How bank loan defaults affects common man?

INR 9000 crore Kingfisher bank loan default became eye opener for entire banking sector and also industrialists. Point to be noted here is not only this large institutions affected by this even common man get affected by this defaults.

article author CA Nikesh Sheth

Posted On:  1 year ago


THE MIDDLE MAN PARADISE

How hoarders and traders are benefiting in the current market scenario explained though WPI and CPI parameters

article author Sarthak Bhansali

Posted On:  1 year ago


Highlights of Maharashtra Budget 2016

Highlights of Maharashtra Budget 2016

article author Sumit Gupta

Posted On:  1 year ago


Change in Interest rates on Small Savings Scheme.w.e.f. from 1st April 2016

This article will give you information about the latest amendments in interest rates of various small savings scheme. The following are the various types of small savings scheme:

article author CA Chirag Chauhan