Jun 212016
 
TDS Rate Chart for Assessment Year 2017-2018

Download PDF Version of TDS Rate Chart for A.Y. 2017-2018  

Apr 292016
 
Due dates for the Month of May 2016

Due dates for the Month of May 2016 5th Service Tax – Service Tax payments by Companies for April Central Excise – Duty Payment for all Assessees other than SSI Units for April 7th Income Tax – TDS Payment for [Read More]

Mar 162016
 
TDS deducted but not deposited – Demand against Deductee

TDS deducted but not deposited – Demand against Deductee What the rule says? Bar against direct demand on assessee. Where tax is deductible at the source under the foregoing provisions of this Chapter, the assessee shall not be called upon [Read More]

Mar 092016
 
Due dates for the Month of March 2016

Due dates for the Month of March 2016 5th Service Tax – Service Tax payments by Companies for February Central Excise – Duty Payment for all Assessees other than SSI Units for February 7th Income Tax – TDS Payment for [Read More]

Mar 022016
 

Budget Highlights relating to Income Tax The provisions of Finance Bill, 2016 relating to direct taxes seeks to amend the Income-tax Act, 1961 (‘the Act’) , the Finance (No.2) Act, 2004, Finance Act, 2013 and Finance Act 2015, in order [Read More]

Feb 232016
 

Valuation of Provision of domestic servant Rule 3(3) prescribes the mode of the valuation. This perquisite is taxable in the hands of specified employees. Contents of the sub –rule: The value of the benefits to the employee (or any member [Read More]

Feb 192016
 
Concessional / Interest-free Loans from Employer

Concessional/interest-free loans from employer  If an employer grants loan to an employee for personal purposes, and such loans are either interest-free or carry concessional rates of interest (when compare with normal rates generally prevalent), rule 3(7)(i) classifies the resulting benefit [Read More]