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Posted On:  2 years ago


Special provision in respect of certain industrial undertakings in North- Eastern Region; section 10C of income tax act,1961

What were benefits of setting up unit in north-eastern region as per section 10C of Income tax act,1961 ?

article author CA Nikesh Sheth

Posted On:  2 years ago


Special provisions in respect of newly established hundred per cent export-oriented undertakings (Section 10B)

This article provides for Income tax provisions as to export oriented units under section 10B

article author CA Nikesh Sheth

Posted On:  2 years ago


Special provisions in respect of newly established Units in Special Economic Zones (Bare act section 10AA)

What are benefits of setting up Special Economic zone as per section 10AA of income tax act,1961 as updated with finance act 2015

article author CA Nikesh Sheth

Posted On:  2 years ago


Interest Payable on Refund adjusted against demand: SC CIT, Delhi-II Vs M/S. Jyotsna Holdings (P) LTD.

Where amount refundable to assessee was not immediately refunded but adjusted against demand for earlier assessment year, interest on said refund was to be allowed SC CIT, Delhi-II Vs M/S. Jyotsna Holdings (P) LTD.

article author CA Chirag Chauhan

Posted On:  2 years ago


Section 10A of income tax act 1961- Special provision in respect of newly established undertakings in free trade zone, etc.

Special provision in respect of newly established undertakings in free trade zone, etc.

article author CA Nikesh Sheth

Posted On:  2 years ago


Know everything about Panama Papers - Mossack Fonseca - Tax Heaven - Liberalized Remittance Scheme

The 'Panama Papers' are a set of confidential documents leaked from one of the biggest law firms of Panama - 'Mossack Fonseca'. The Panama Papers provide information about thousands of offshore entities, identities of their shareholders and directors. It listed various world leaders, public officials, billionaires, celebrities, sports stars and politicians

article author One Roof Consultant

Posted On:  2 years ago


Depreciation as per section 32 of income tax act,1961 (As updated with Finance act 2015)

Bare act portion of section 32 of Income tax act 1961 as updated with Finance act 2015

article author CA Nikesh Sheth

Posted On:  2 years ago


Section 28 of Income tax act 1961 as updated 2015 finance act

What should be considered as Income from business and profession, What need/need not be included as income from business profession ?

article author CA Nikesh Sheth

Posted On:  2 years ago


Things start up should consider before launching product/website

Every start up would be in hurry to launch its business but what they should understand is people consider your start up as one of the business that will help them resolve their problems. Point is they don’t expect you to be start up, they feel like they should get service as if you are matured company. Nothing wrong in that !!! Atleast as customer

article author CA Nikesh Sheth

Posted On:  2 years ago


Secure your Income Tax E Filing Account – Opt for Higher Security

In order to ensure that taxpayers are able to secure their E-filing account against any fraudulent attempts, the Income Tax Department has introduced a new facility called the “E-filing Vault”. In order to use this facility, taxpayers can log in to their E-filing Account and under their profile page select “E-filing Vault – higher security”.

article author One Roof Consultant

Posted On:  2 years ago


Step-wise Procedures and Guide for e-filing of Form 15G 15H in electronic form

Electronic formats have since been finalized and have been made live. Income Tax Department has also specified Instructions to e-File "Statement of Form 15G/15H which are reproduced here

article author One Roof Consultant

Posted On:  2 years 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:  2 years 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:  2 years 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:  2 years 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:  2 years 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:  2 years 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:  2 years 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