CBDT has vide Notification No. 30/2016 dated 29.04.2016 has inserted sub-rule Rule 3A and 3B and amended Sub Rule- 3 & 4 of Income Tax Rule-37CA related to Time and mode of payment to Government account of tax collected at source under section 206C. Revised Provisions related to payment of TCS and its mode wef 01.06.2016 are as follows :-
The time for filing the income tax return for FY 2015-16/AY16-17 is here. In this situation, following are some important points that every individual must know for filing income tax return this year.
The Hon’ble Prime Minister of India launched the Universal Account Number (UAN) for EPF members in October 2014 with a view to enable members to have continuity in their PF membership on every change in job and/or location. UAN has been issued to all members in respect of whom at least one contribution has been received since January 2014.
CA Rahul Modi Applicability :- Companies (Auditor’s Report) Order, 2016 is Applicable to all companies except the following type of Companies :- 1. Banking companies 2. Insurance Companies 3. Section 8 Companies 4. One person Companies It also exempts private companies (not being subsidiary or holding company of a public company ) upon fulfillment of […]
26C. Furnishing of evidence of claims by employee for deduction of tax under section 192.- (1) The assessee shall furnish to the person responsible for making payment under sub-section (1) of section 192, the evidence or the particulars of the claims referred to in sub-rule (2), in Form No.12BB for the purpose of estimating his income or computing the tax deduction at source.
In this article Author has discussed changes in Cenvat Credit Rules, 2004 by Union Budget 2016-17 in Tabular presentation in which he has discussed nature of amendment , Related Rules, Position before the amendment and after amendment and lastly he discussed about the impact of changes.
Introduction: MCA has issued notification dated 16th, February, 2015 in respect of phase-wise roadmap for adoption and applicability of Companies (Indian Accounting Standards) Rules, 2015 other than Banking Companies, Insurance Companies and NBFCs. Further MCA has issued a press release dated 18th, January, 2016 in which Banking Companies, Insurance Companies and NBFCs are also included. […]
In this article Author has Provided three Income Tax Calculator in Excel Format for Calculation of Tax by Individuals below the Age of 60 Years, 60 or above but less than 80 Years and for 80 and above Years. Calculator calculate Interest U/s. 234ABC Automatically and provides option to include 1.Income from Salary / Pension 2.Income (Profits) from Business / Profession (Only input option). 3.Income / Loss from House Property and 4.Income from Other Sources.
In order to ensure that you are able to secure your E-filing account against any fraudulent login attempts, the Income Tax Department has introduced a new facility called the E-filing Vault. In order to use this facility, you can log in to your E-filing Account and in the profile page select E-filing Vault – higher security.
What is GST? Why GST is a need for India? ♠ GST stands for Goods & Service Tax. GST is a destination based consumption tax levied at multiple stage of production & distribution of goods & services in which taxes paid on inputs are allowed as set-off against taxes payable on output. Thus, GST will be a single comprehensive integrated indirect tax on pure value addition at each stage.
