Statutory Obligations for the month of September 2016
The following are the various statotory obligations for the month of September 2016 :- [table id=14 /]
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Income-tax
Statutory Obligations for the month of May 2016
The following are the Various Statutory Obligations for the month of May 2016. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of April 2016 is 5th of May 2016. In case of e-payment, the due date is 6th of May 2016. In case of payment by Challan
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Budget 2016 – Tax Proposals
The Budget 2016 was presented in Parliament recently. The detailed analysis of Budget 2016 Tax Proposals is provided below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2016/03/budget2016.pdf”]
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New PAN Requirements
The Central Board of Direct Taxes (CBDT) has made significant changes in the requirement of submission of Permanent Account Number (PAN) in respect of certain specified transactions. As per new rule 114B, every person who enters into specified transactions shall quote his Permanent Account Number (PAN) in the documents pertaining to the transaction. The specified
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Due date of Payment of advance tax extended(only for Tamilnadu)
The CBDT vide its press release dtd 15th Dec 2015 has extended the last date for Payment of Advance tax inrespect of both Corporate & Non Corporate Assessees from 15th Dec 2015 to 31st Dec 2015. The advance tax payments made till 31st Dec 2015 will be considered as payment within the Statutory time limit.
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Last date for Payment of TDS (only for Tamilnadu) for Nov 2015 extended
The Central Board of Direct Taxes (CBDT) has extended the last date of payment of Tax deducted at Source & Tax Collected at Source in respect of deductions or collections made during the month of November 2015 from 7th of December 2015 to 20th of December 2015 , in respect of deductors located in the
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Cost Inflation Index for year 2015-16 notified
The Central Board of Direct Taxes (CBDT) has notified the Cost Inflation Index (CII) for use in Indexation for computing the Capital Gains during the year 2015-16. The Cost Inflation Index has been notified as “1081” The relevant Notification is reproduced below :- SECTION 48, EXPLANATION (v) OF THE INCOME-TAX ACT, 1961 – CAPITAL GAINS
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Statutory Obligations for the month of July 2015
The following are the Various Statutory Obligations for the month of July 2015. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of June 2015 (Corporate Assessees) , Apr-June 2015 (For other assessees) is 5th of July 2015. In case of e-payment, the due date is 6th of
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Due date for filing IT Returns extended till 31st Aug 2015
The Income-tax Department vide Order under Section 119 of the Income-tax act,1961 dtd 10th June 2015 (F.No.225/154/2015/ITA.II) has extended the due date for filing the return of income in respect of assessees whose accounts are not required to be audited (including assessees having only salaried income). As per the said order, the last date of
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Budget 2015 Tax proposals
[gview file=”http://bssridhar.com/blog/wp-content/uploads/2015/03/budget-2015.pdf”]
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TAX SAVING OPTIONS FOR THE YEAR 2014-15
All the Income-tax assessees, more particularly salaried employees will be busy in submission/compilation of tax saving declaration for the year 2014-15 for consideration of the same for the purpose of Tax Deduction at Source by the employers/Advance Tax Calculations. This article aims at providing an Handy reference to the most important tax saving options available
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New e-filing Utility for filing Tax Audit Forms released
The Income-tax Department has released the following e-filing utilities in respect of Tax Audit reports for the A.Y.2014-15 :- 1) Form 3CA-3CD – Audit Report under Section 44 AB of the Income-tax Act, 1961 in a case where the accounts of the business or profession of a person have been audited under any other law.
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Due Date for submission of Tax Audit Reports extended
The Central Board of Direct Taxes (CBDT) vide its order under section 119 dtd 20th August 2014 has extended the due date for filing Tax Audit Report under section 44AB of the Income-tax Act, 1961 . As per this Order, The due date for obtaining and furnishing of the report of audit under section 44AB
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Statutory Obligations for the month of August 2014
The following are the Various Statutory Obligations for the month of August 2014. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of July 2014 is 5th of Aug 2014. In case of e-payment, the due date is 6th of August 2014. In case of payment by Challan GAR
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Form 3CA,3CB (Audit Report) & Form 3CD (Annexure to Audit Report) Modified
Audit of Books of accounts in respect of businesses with Turnover/Gross Receipts exceeding Rs. 1 Crore and businesses declaring Net Profit less than 8% of the Turnover/Gross receipts is mandatory. The Income-tax Departments has made the online submission of the Audit Report (Form 3CA / Form 3CB as applicable) and the prescribed particulars to be
Form 3CA,3CB (Audit Report) & Form 3CD (Annexure to Audit Report) Modified Read More »