CIRCULAR NO : 08 /2013 F.No. 275/192/2013-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ….. New Delhi, dated the 10th October, 2013 SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2013-14 UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961. Reference is invited to Circular No.08/2012 dated 05.10.2012 whereby […]
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
Profit and Gain under presumptive basis vis-a-vis Section 115JB As the number of zero tax companies and companies paying marginal tax had grown, the Minimum Alternate Tax Provision has been inserted in the Income Tax Act. It was felt that various concession given under the tax laws, big corporate groups become zero tax companies, to […]
Provident fund under the Head of Business or Profession In this particular article I wish to share some of my views about provident fund contribution by the Employer and Employee, its Taxability and deduction under the head of Business or Profession. The main objective of the provident fund is to give retirement benefit in the […]
Tax Audit Problems & Solutions FREQUENTLY ASKED QUESTIONS ON E-FILLING OF TAX AUDIT PROBLEMS – TECHNICAL ISSUES 1. STEPS FOR FILLING ONLINE TAX AUDIT REPORT What are the steps to be followed for E-filling of Tax Audit Report? Step 1- One Time Registration of Chartered Accountant at E-filling website Step 2 – Login to Assessee […]
PROCEDURE TO E-FILE TAX AUDIT REPORT Pursuant to amendment in rule 12 of the Income Tax Rules, by the notification no 42 dated 11/6/2013, the following proviso has been inserted in sub- rule (2) of rule 12 of eflie of tax audit report