Individual assesees with income from salary or pension, one house property and income from other sources are required to file their tax return in ITR-1 (form Saral-II). ITR-2 will be applicable to salaried assessees who have also made some capital gains or own multiple house properties.
The Payment of Gratuity Act 1972:- Gratuity is a voluntary Payment made by the employer to the employee in recognition of continuous, meritorious services and sincere efforts by the employee towards the organization.It is governed under the Payment of Gratuity Act 1972.It is an Act to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, Oilfields, plantations, ports, railway companies, and shops or other establishments.
National Securities Depository Limited (NSDL) provides CIN (Challan Identification Number) based view of direct tax challans to taxpayers to know the status of challan on its web-site. In addition to the above facility, NSDL has launched a Short Message Service (SMS) based facility to know the status of its challans. The procedure for availing this facility is as under:
As per the provisions of the Income Tax Act, 1961, an individual’s income is taxable based on his residential status in India. Residential status is determined based on the physical stay of the individual in the current financial year (1 April to 31 March) and the preceding 10 financial years.
This Excel utility prepares GPF Ledger of all the Employees and Statement of general Provident Fund Account for all Government Employees of State and Central Government.
This appeal by the assessee is directed against the order dated 3.2.2011 of CIT(A) for the assessment year 2005-06. The only dispute raised is regarding annual value of second house property which was self occupied by the assessee.
Rate of Service Tax, Introduction of Negative List approach, Changes in Valuation Rules, CENVAT Credit Rules, Retrospective changes, Point of Taxation, Small Service Providers(SSI), Changes With respect to Appeals, Change in Rate of Taxable Portion , Reverse charge provisions, Change in Rate of Taxable Portion as per Notification No 13/2012
Increase in slab rate in case of Individual Tax Payers.No change in corporate tax rates. Alternate Minimum Tax (AMT) on all persons other than companies.Interest up to Rs. 10,000 from saving bank account will now be exempt from tax. Exemption from payment of advance tax to Senior Citizens not having income from business.Enhanced deduction of Rs. 5,000 u/s 80D has been allowed for health checkup.
Yes, there is. It’s called Data validation Input message. Select the cell(s) in which you want to see the message. On the ribbon, click the tab then click . Click the [Input Message] tab .Check the option ‘Show input message when cell is selected’. Type your message heading text in the Title box. This text will appear in bold print at the top of the message. Type your message in the Input message box. Click OK.
This Excel Sheet calculate your portfolio in real time. Benefits of the sheet is that you have a complete scenario of your portfolio (total Gain/loss at the moment, total brokerage actual gain/loss including brokerage etc.) at a glance with out opening any site, where you need to check the prices of your stock one by one. its also show whether your stock is todays gainer or loser by changing its current price column colour (Green of gainer & red for Loser). This Sheet requires Internet connection & takes automatic updates in every 2 minutes.
