Income Tax Department has released ITR Utility for Assessment Year 2017-18 / Financial Year 2016-17 for ITR 1, ITR 2, ITR 3 and ITR 4 (SUGAM), ITR 5 in both Java and Excel Format. ITR 1 – For Individuals having …
What is SAP? SAP stands for Systems Applications and Products in Data Processing. SAP by definition is also named of the ERP (Enterprise Resource Planning) software as well the name of the company. SAP Software was Founded in 1972 …
STUDY SMART – Many students feel stressed and overwhelmed when a test or exam is approaching. By studying for tests in a smarter way, you will save time and be prepared to ace your exams. In addition to the reading …
Change fiscal year to Jan-Dec: Govt panel suggests break from 150-yr tradition India can shift to a January to December financial year, recommended a government-appointed committee headed by former chief economic adviser Shankar Acharya. The proposed switch could end the …
Sec 44AA & 44AB & 44AD of Income Tax Act, 1961 Sec 44AA:- Maintenance Of Accounts By Certain Persons Carrying On Business Or Profession Prescribed Books1: –In case of Specified Profession2 if Gross Receipts exceed Rs.150000/- in all 3 years immediately …
Instructions for filling out Form ITR-7 (AY 2017-18) These instructions are guidelines for filling the particulars in this Return Form. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, …
Key Changes in the ITR Forms for the AY 2017-18 that impacts Individual At the onset of the new financial year, the Central Board of Direct tax has notified the income tax forms applicable for Financial Year 2016-2017 (i.e. Assessment …
CIRCULAR IMD/FPIC/CIR/P/2017/30 April 03, 2017 To All Foreign Portfolio Investors through their designated Custodians of Securities The Depositories (NSDL and CDSL) Sir / Madam, Sub: Investments by FPIs in Government Securities 1. RBI in its Fourth Bi-monthly Policy …
1. The CBDT has notified the new Income Tax Return Forms for A.Y. 2017-18. The CBDT has made major reform in the Income Tax Return Forms for A.Y 2017-18. 2. The government has taken bold step towards simplifying the norms …
Tax TDS Rate Chart for FY 2017-18 and AY 2018-19 based on recent Budget 2017 has been provided below (also in PDF). TDS refers to Tax deducted while making a payment to an Assessee Person. For Example, if a person has won …