Notification No. 2/2016 regarding Electronic Assessment

Yes, Days are not far where Income tax Assessment will be done on Electronic Media and will not have any manual or department’s personnel’s interference. Link to Download Notification from Official Website of Income tax, […]

Time Limit under Various Sections under Income tax Act

Due Date is having very much importance to adhere with adequate statutory compliance in timely manner. Time Limit under Various Section under Income tax Act is as given below in tabulated format. Section Compliance Time […]

December IIP and January CPI Figures Out

Friday markets has been closed after booking heavy losses of appx 7% in this week. After closing hours of Indiam stock market, IIP figures for the month of December 15 and CPI figures for the […]

Income tax Set off and Carry Forward Table in easy Format

Here is the table for Carry Forward and Set off of Losses under Income tax Act, 1961 for your ready reference. Sometimes for CA Students as well as for professionals it becomes very difficult to memorize […]

New President & Vice President of ICAI

ICAI, Institute of Chartered Accountants of India for two new responsible faces as President and Vice President of the Institute. Both Candidates are having very strong academic as well as professional contribution to the Institute […]

Cost Inflation Index for Capital Gain Calculation

Cost Inflation Index is very important for the calculation of Long Term Capital gain as per the provisions of Income tax Act, 1961. It should be worth noted that, while calculating Long term Capital Gain […]

SBI, BOI and Indian Bank 3rd Quarter FY 2015-16 | December-15 Results

India’s Leading Public Sector Banks State Bank of India, Bank of India and Indian Bank is to announce its Quarterly results for 3rd Quarter of FY 2015-16 i.e. Results for the quarter ending 31.12.2015 today […]

How to Check PAN Card Status Online

To Track your PAN/TAN Application Status, click on the followimg link. https://tin.tin.nsdl.com/tan/StatusTrack.html Acknowledgement number is required to track the status of PAN Card. However in absence of ACKNOWLEDGEMENT NUMBER, Complete name and Date of Birth […]

Union Budget 2016 Highlights

Budget 2016: Infrastructure cess Budget 2016: Surcharge to be raised from 12% to 15% on persons Budget 2016: Basic custom and excise duty… Budget 2016: 100% deduction of profits for 3 out of 5 years […]

Budget 2016: Infrastructure cess

Latest Update of Budget 2016 by Mr. Jaitley: Infrastructure cess, of 1% on small petrol, LPG, CNG cars, 2.5% on diesel cars of certain capacity and 4% on other higher engine capacity vehicles and SUVs. No credit […]