Meaning of Calculation of Assessed Tax for the Interest under section 234B We regularly face situations where we are required to compute interest under section 234B of the IT Act, 1961 Whereas, the present scenario is that this interest calculation is automatically done in the income tax return (ITR) utility available on the web portal […]
Key features of NSDL Form 24G RPU / File Utility Version 1.4 w.e.f 26.12.2014 Form 24G Return Preparation Utility (RPU) and File Validation Utility Version 1.4 for the Form 24G Statements from FY 2005-06 onwards released (26/12/2014).Key features of NSDL Return Preparation Utility (RPU) version 1.4
Significant Changes in processing of Quarterly TDS Statements It is glad to update you with a significant changes in processing of Quarterly TDS Statements by Centralized Processing Cell (TDS) for providing its better services.These changes was done to avoid defaults that may be arise due to inadvertent data entry errors.on the basis of feedbacks received […]
What about education cess on clearing of goods fully exempt from Customs duty ? When goods are fully exempted from Customs duty or are cleared without payment of Customs duty,Education cess under the Customs would not be levied.Commissioner of Customs, Tuticorin Vs. DCW Limited [2014 (12) TMI 728 – Madras High Court]
Hindu Undivided Family (HUF)-Creation and Treatment Hindu Undivided Family (HUF) is treated as a separate entity for the purpose of assessment under the income tax Act and Wealth tax Act. HUF is automatically created after marriage as soon as child is born it is not arise through law or contract, it consist of father, sons, […]