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Income Tax ConsultancyHow to Maintain Safe Distance from Income Tax Department
How to Maintain Safe Distance from Income Tax Department Do you want to keep an Arm’s Length Distance from the Income Tax Department? Obviously the Answer is YES!!! But the question here is HOW??? Here are a list of expenses/ investments, which at any point
Updates that Matter (UTM – No. 37) for Income tax, Excise, Customs, GST, Service tax
We are pleased to update you vide UTM’s (Key Update Alerts). Please find hereunder our “Updates that Matter Service Tax: – Extension of time till 29-04-2016 for filing ST-3 Returns. Due to difficulties faced by assessees in accessing the ACES application on 25th April, 2016,
CBDT draft rules on foreign tax credit
CBDT has issued draft rules on foreign tax credit. These rules will provide clarity to Indian companies and individual assesses having foreign income. As per these rules assesse having foreign income will be able to claim credit for taxes paid outside India. Earlier they were
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Income Tax ConsultancyCheck if you can also save tax by investing in new tranche of 54EC bonds issued by NHAI
In case you have booked any long term capital gain in last six months you can save tax by investing in 54EC bonds issued by NHAI recently. Find your eligibility here: Eligibility for exemption by investing in 54EC Bonds: Eligible Assessee Any Assessee (This exemption
CA Shafaly GirdharwalNew disclosures under new ITR forms for AY 2016-17 issued on 31st March 2016
On the eve of 31st March 2016 new ITR forms have been launched. Under new forms some additional disclosure are required to be made. Declaration of net worth for assesses earning more than Rs. 50 Lac: Taxpayers earning more than Rs. 50 Lac will have
CA Shafaly GirdharwalDid you also skip your interest income while filing ITR
It is a common problem in assesses that they skip their interest income in ITR due to various reasons. Some of them file their ITR without the help of a professional and some portion of their income remain unaccounted. In a recent press release CBDT
CA Shafaly GirdharwalHow high value transactions are tracked by Income tax department
Most of us file our return with half knowledge or even if we use services of a professional we don’t want to give them all of the information. With more consolidation with various departments of government it is not easy to hide what you are
CA Shafaly GirdharwalLatest FMP/NFO, NCD issues 29/02/2016
CA Shafaly GirdharwalNABARD’s upcoming issue of tax free Bonds
NABARD Mar 2016 Draft Product Note Download Product Note Here Issue Structure: Issuer National Bank for Agriculture and Rural Development (NABARD). Type of Instrument Public Issue of tax-free, secured, redeemable, non-convertible Bonds of face value of Rs. 1,000.00 each in the nature of Debentures having
CA Shafaly GirdharwalEarn upto 7.69% tax free: NHAI Tax Free Bond 2016 -Tranche 2
Public Issue of Tax Free Secured Redeemable Non-Convertible Bonds by NATIONAL HIGHWAYS AUTHORITY OF INDIA See term sheet for details NHAI -Tax Free Bonds_Tranche-II_Feb16-Term Sheet Salient Features: Earn upto 7.69% Tax Free=11.74% pre Tax by MMR (For detailed Table see below) Issue is opening on
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