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.
1. Threshold Exemption- A Small service provider whose value of taxable service from one or more premises did not exceeds Rs.10 lakhs in previous financial year will be exempt from tax in next financial year upto first consecutive payment of Rs. 10 lakhs received. However, if taxable turnover in current year exceeds the specified limit, there will be no exemption from service tax in next financial year.
Effective from April 1, 2016, there are various changes made applicable under the Cenvat Credit Rules, 2004, with a view to simplify and rationalize the Credit Rules. The important changes have been discussed along with availment of Cenvat credit of Service tax paid on assignment of right to use of natural resources by the Government or Local Authority or any other person.
Income tax Calculator for Financial Year 2015-16 Assessment Year 2016-17 in Excel Format Attached is the Income tax calculator with flexi allocation kit for the FY 2015-2016. Simple income tax calculator cum flexi allocation kit, for the use of salaried employees of govt and private sector, basis the latest budget proposals. Tax slabs; Rates for […]
(a): The rates of minimum wages fixed for agriculture and nonagricultural workers in the Central Sphere is at Annexure I. The range of minimum wages in the State Sphere is at Annexure II. (b) to (d): There is a wide regional disparity in minimum wages due to variations in socio-economic and agro-climatic conditions, income, prices of essential commodities, paying capacity, productivity and local conditions.
