income from house property calculation

  Income tax has five heads of income. Have you rental income ? It is covered under income from House property. Learn from this article income from house property computation from let out property and self occupied property and about deduction. Definition of income from house property: Income from building or land appurtenant thereto is taxable under the head income from house property. Two types of  house property income: Income from let out property Income from self occupied property. Income from house property calculation : with example Income tax on income from let out property: Let out property means...

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Gujarat work contract scheme 2014 for civil contractors

Gujarat government has introduced gujarat work contract scheme 2014  for civil work contractors and developers through budget 2014 vide notification GST-1014-884-VAT CELL dated . It is covered under section 41 of Gujarat Vat. Reason for the gujarat work contract scheme 2014 : In judgement of larson and turbo case, honable supreme courte has cleared the point that transfer of immovable property in contrustruction work  is taxable as deemed sale. Who can get benefit? Registered or unregistered dealer under gujarat vat can avail the scheme. Civil contractor can take the benefit of the scheme. The dealer who is under processing...

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List of CA who issued more than 400 TAR for A.Y.2013-14

At august 2014, DGIT system of ITD provide information of CA who issued more than 400 TAR for a.y.2013-14. There is prescribed limit to issue tax audit report by CA. For assessment year 2013-14, this limit is 45 tax audit report per chartered accountant. This limit is 60 tax audit report for a.y. 2014-15. CA who issued more than 400 TAR for a.y. 2013-14: Out of 65,898 records of CA, 81.13% CA follow restriction of number of tax audit report by ICAI. 12435 CA ( 18.87% CA) issued more than 45 TAR. Let’s see the table giving the details....

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Empanelment for concurrent audit in central bank of India 2014

Central bank of India has invited applications from Chartered Accountant firm for empanelment for concurrent audit in central bank of India for year 2014. The firm should fulfill following conditions to apply for empanelment for concurrent audit in central bank of India: The firm may proprietary or partnership firm. The firm is empanelled with RBI Panel 2013-14. The firm or its partner have not been subject to any inquiry by ICAI or no inquiry is pending as on date of application or date of assignment. The firm should be qualified as auditor in terms of section 141 of companies...

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