All you need to know about Employees’ Provident Fund (EPF) - Tax …
WEBNov 12, 2021 · What is Employees Provident Fund? The Employees’ Provident Fund (EPF) is a scheme governed by the Employees’ Provident Fund Organization. EPF basically aims to provide social security and offers retirement benefits. The current article covers the basics of EPF; eligibility criteria of EPF; EPF contribution and distribution thereof; EPF registration procedure for employer and relevant FAQs.
Depreciation Rate Chart as per Companies Act 2013 with Related …
WEBApr 11, 2015 · CA Sandeep Kanoi. In this Article we have compiled depreciation rates Under Companies Act 2013 under Written Down Value (WDV) Method and as per Straight Lime method (SLM). We have also compiled Changes to Schedule II- Useful Lives to Compute Depreciation read with section 123 of Companies Act,2013 made vide Notification No.G.S.R. 237(E) Dated 31.03.2014 and Notification No.G.S.R. 237 (E).
Financial Statements-Schedule-III – Companies Act, 2013 - Tax Guru
WEBApr 23, 2015 · 4. It is also provided that the financial statements shall be prepared in the form provided in new schedule III of Companies Act, 2013. 5. It may be noted that in the new schedule III the provisions for preparation of balance sheet and statement of profit and loss have been given which are on the same lines as in the existing schedule VI. 6.
House Rent Allowance (HRA) Exemption Rules & its Tax Benefits
WEBMay 5, 2020 · 1. CONDITIONS FOR CLAIMING HRA EXEMPTION? – Salaried Individual only can claim HRA. (Self employed cannot claim HRA. However Self Employed can also claim deduction of Rent paid under Section 80GG of Income Tax Act 1961.) – Stay in Rented Accommodation. (Not living in a self owned). – Rent paid exceeds 10% of Salary.
Download Form 15G & 15H with FAQs - Tax Guru
WEBAug 19, 2018 · A. Form 15H. Form 15H :- Declaration under sub-section (1C) of section 197A of the Income-tax Act, 1961, to be made by an individual who is of the age of sixty-five years or more (Sixty Years from 1st July, 2012) claiming certain receipts without deduction of tax. Form 15H can be submitted only by Individual above the age of 65 years.
Schedule II of Companies Act, 2013 - Tax Guru
WEBAug 20, 2015 · RESIDUAL VALUE. Expected residual value means the sale price of scrap value of asset after the completion of useful life of assets. The Schedule II provides the residual value should not be more than 5% of the original cost of the asset. However it can be less than 5% of the original cost, then it should be taken as …
Interest Payable U/s. 234A, 234B & 234C - Tax Guru
WEBJun 3, 2022 · Introduction. Under the Income-tax Act, different types of interests are levied for various kinds of delays/defaults. In this part, you can gain knowledge about the provisions of section 234A, 234B and 234C dealing with interest levied for (i) delay in filing the return of income; (ii) non-payment or short payment of advance tax; and (iii) non-payment or short payment of individual instalment ...
Section 54F Capital Gain Tax Exemption - Tax Guru
WEBMar 16, 2020 · Section 54F of the Income Tax Act provides exemption as under –. Particulars. Amount of exemption. When full net consideration is invested. The full amount of long term capital gain is exempt. When proportionate net consideration is invested. Exemption =. Long term capital gain * Amount re-invested / Net consideration.
Taxability of Gifts received from Relatives & Non Relatives - Tax Guru
WEBJul 31, 2018 · Taxability of Gifts received from Relatives & Non Relatives. If an individual/Huf receives from any person or persons any gift, exceeding Rs. 50000 in any previous year, as per income tax laws, the aggregate amount shall be taxable as Income From Other Sources in the hands of individual or HUF under section 56.
Due-dates for ITR Filing Online for FY 2022-23 - Tax Guru
WEBApr 15, 2023 · For Companies that do not require Audit, the due date for ITR Filing for FY 2022-23 is 31st October 2023. For Companies that require audit, also the due date for ITR filing for FY 2022-23 (AY 2023-24) is 31st October 2023. The due date for Tax Audit Report filing is 30th September 2023.
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