17/2014 Archives - All About Finance

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17/2014 Archives - All About Finance https://taxclick.org/tag/172014/ Wed, 20 Jan 2016 11:57:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://taxclick.org/wp-content/uploads/2021/11/favicon.png 17/2014 Archives - All About Finance https://taxclick.org/tag/172014/ 32 32 Income Tax rate for individual for assessment year 2014-2015 (Part-1 of Circular 17/2014) https://taxclick.org/type/income-tax/income-tax-rate-for-individual-for-assessment-year-2014-2015-part-1-of-circular-17-2014/?utm_source=rss&utm_medium=rss&utm_campaign=income-tax-rate-for-individual-for-assessment-year-2014-2015-part-1-of-circular-17-2014 https://taxclick.org/type/income-tax/income-tax-rate-for-individual-for-assessment-year-2014-2015-part-1-of-circular-17-2014/#respond Wed, 10 Dec 2014 18:30:00 +0000 CIRCULAR NO : 17/2014 F.No. 275/192/2014-IT(B) Ministry of Finance Central Board of Direct Taxes Dated 10th December, 2014 2. RATES OF INCOME-TAX AS PER FINANCE (No. 2) ACT, 2014: As per the Finance (No. 2) Act, 2014, income-tax is required to be deducted under Section 192 of the Act from income ... Read more

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]]> https://taxclick.org/type/income-tax/income-tax-rate-for-individual-for-assessment-year-2014-2015-part-1-of-circular-17-2014/feed/ 0 Method of calculation of salary and computation of average income tax (Part – 2 of Circular 17/2014) https://taxclick.org/type/income-tax/method-of-calculation-of-salary-and-computation-of-average-income-tax-part-2-of-circular-17-2014/?utm_source=rss&utm_medium=rss&utm_campaign=method-of-calculation-of-salary-and-computation-of-average-income-tax-part-2-of-circular-17-2014 https://taxclick.org/type/income-tax/method-of-calculation-of-salary-and-computation-of-average-income-tax-part-2-of-circular-17-2014/#respond Wed, 10 Dec 2014 18:30:00 +0000 3. SECTION 192 OF THE INCOME-TAX ACT, 1961: BROAD SCHEME OF TAX DEDUCTION AT SOURCE FROM “SALARIES”: 3.2 Payment of Tax on Perquisites by Employer: An option has been given to the employer to pay the tax on non-monetary perquisites given to an employee. The employer may, at its option, make payment of ... Read more

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]]> https://taxclick.org/type/income-tax/method-of-calculation-of-salary-and-computation-of-average-income-tax-part-2-of-circular-17-2014/feed/ 0 Format of Form No. 12BA (Part 6 of Circular 17/2014) https://taxclick.org/type/income-tax/format-of-form-no-12ba-part-6-of-circular-17-2014/?utm_source=rss&utm_medium=rss&utm_campaign=format-of-form-no-12ba-part-6-of-circular-17-2014 https://taxclick.org/type/income-tax/format-of-form-no-12ba-part-6-of-circular-17-2014/#respond Wed, 10 Dec 2014 18:30:00 +0000 ANNEXURE-II 1) Name and address of employer : 3) TDS Assessment Range of the employer : (where the employer is a company) 6) Income under the head “Salaries” of the employee : (other than from perquisites) 8) Valuation of Perquisites S.No Value of Amount of (see ... Read more

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]]> https://taxclick.org/type/income-tax/format-of-form-no-12ba-part-6-of-circular-17-2014/feed/ 0 Person Responsible for filing Form No. 24G in case of State Govt. Departments (Part -8 of Circular 17/2014) https://taxclick.org/type/income-tax/person-responsible-for-filing-form-no-24g-in-case-of-state-govt-departments-part-8-of-circular-17-2014/?utm_source=rss&utm_medium=rss&utm_campaign=person-responsible-for-filing-form-no-24g-in-case-of-state-govt-departments-part-8-of-circular-17-2014 https://taxclick.org/type/income-tax/person-responsible-for-filing-form-no-24g-in-case-of-state-govt-departments-part-8-of-circular-17-2014/#comments Wed, 10 Dec 2014 18:30:00 +0000 1. Under what income tax rule should Form 24G be filed? Income-tax Department Notification no. 41/2010 dated May 31, 2010amended the Income Tax Rule 30 which mandates that in case of an office of the Government, where tax has been paid to the credit of Central Government without the production of a challan ... Read more

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]]> https://taxclick.org/type/income-tax/person-responsible-for-filing-form-no-24g-in-case-of-state-govt-departments-part-8-of-circular-17-2014/feed/ 2 PROCEDURE OF PREPARATION OF QUARTERLY STATEMENT OF DEDUCTION OF TAX UNDER SECTION 200(3) OF THE ACT (Part -9 of Circular 17/2014) https://taxclick.org/type/income-tax/procedure-of-preparation-of-quarterly-statement-of-deduction-of-tax-under-section-200-3-of-the-act-part-9-of-circular-17-2014/?utm_source=rss&utm_medium=rss&utm_campaign=procedure-of-preparation-of-quarterly-statement-of-deduction-of-tax-under-section-200-3-of-the-act-part-9-of-circular-17-2014 https://taxclick.org/type/income-tax/procedure-of-preparation-of-quarterly-statement-of-deduction-of-tax-under-section-200-3-of-the-act-part-9-of-circular-17-2014/#respond Wed, 10 Dec 2014 18:30:00 +0000 ANNEXURE VI POINT NO. 4.9 OF CIRCULAR OF DEDUCTION OF TAX AT SOURCE FROM SALARIES U/S 192 OF THE INCOME TAX ACT, 1961 – FINANCIAL YEAR 2014-15 – PROCEDURE OF PREPARATION OF QUARTERLY STATEMENT OF DEDUCTION OF TAX UNDER SECTION 200(3) OF THE ACT 1. Quarterly e-TDS statement/return should be prepared by Deductor/DDO as per ... Read more

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]]> https://taxclick.org/type/income-tax/procedure-of-preparation-of-quarterly-statement-of-deduction-of-tax-under-section-200-3-of-the-act-part-9-of-circular-17-2014/feed/ 0 FORMAT OF DECLARATION TO BE FILED BY THE ASSESSEE CLAIMING DEDUCTION U/S 80 GG (Part-11, of Circular 17/2014) https://taxclick.org/type/income-tax/format-of-declaration-to-be-filed-by-the-assessee-claiming-deduction-u-s-80-gg-part-11-of-circular-17-2014/?utm_source=rss&utm_medium=rss&utm_campaign=format-of-declaration-to-be-filed-by-the-assessee-claiming-deduction-u-s-80-gg-part-11-of-circular-17-2014 https://taxclick.org/type/income-tax/format-of-declaration-to-be-filed-by-the-assessee-claiming-deduction-u-s-80-gg-part-11-of-circular-17-2014/#respond Wed, 10 Dec 2014 18:30:00 +0000 I/We………………………………………………………………………………………….. ( Name of the assessee with permanent account number) do hereby certify that during the previous Year………….I/We had occupied the premise………………………….(full address of the premise) for the purpose of my/our own residence for a period of…………………..months and have paid Rs. ………………. In cash/through crossed cheque, bank draft towards payment of rent ... Read more

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]]> https://taxclick.org/type/income-tax/format-of-declaration-to-be-filed-by-the-assessee-claiming-deduction-u-s-80-gg-part-11-of-circular-17-2014/feed/ 0 Responsibilities of person who is responsible for deduction of TDS on salary (Part 3- of Circular No. 17/2014) https://taxclick.org/type/income-tax/responsibilities-of-person-who-is-responsible-for-deduction-of-tds-on-salary-part-3-of-circular-no-17-2014/?utm_source=rss&utm_medium=rss&utm_campaign=responsibilities-of-person-who-is-responsible-for-deduction-of-tds-on-salary-part-3-of-circular-no-17-2014 https://taxclick.org/type/income-tax/responsibilities-of-person-who-is-responsible-for-deduction-of-tds-on-salary-part-3-of-circular-no-17-2014/#comments Wed, 10 Dec 2014 18:30:00 +0000 4.PERSONS RESPONSIBLE FOR DEDUCTING TAX AND THEIR DUTIES: 4.1. As per section 204(i) of the Act, in case of payments other than payments by the Central Government or the State Government, the “persons responsible for paying” for the purpose of Section 192 means the employer himself or if the employer is a Company, the Company itself including the Principal Officer ... Read more

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