Tax Computation & e-Filing of Income Tax Returns

Tax Computation & e-Filling of Income-tax Returns’ are covering:

*  Computation of income under different heads of Income, i.e., Salary , House Property , Business or profession , Capital gains and Other sources
*  Relief under section 89
*  Auto computation under sections 80G, 111A, 112 etc.
*  Auto adjustment of losses & transfer thereof in schedules CYLA / BFLA / CFL
*  Computation of interest under section 234A, 234B & 234 C
*  Facility to auto generate Tax Audit Forms (i.e, 3 CA to 3 CD)
*  Computation of book profits & MAT
* Instant location and solution to validation errors
*  Facility to generate paper returns

Let Us Share A Compilation Of Best Practices & Orders

We are pleased to announce release of “Let Us Share-A Compilation of Best Practices and Orders, by Income Tax Department.

Let Us Share” was conceived three years ago, as a vehicle for sharing excellance both within the Income-tax Department and with the public. The compilation in “Let Us Share” starts with Vision, Mission & Values’ and the ‘Citizen’s Charter’ which signify the reference points for day to day working of the Income-tax Department. The remaining sections showcase the professional proficiency of the Department in the core area of taxation.

E-TDS Returns (F.Y 2012 -13)

E-TDS Returns (F.Y 2012 -13) Some of the salient features are
  * Unlimited Deductors / Companies, Deductee & Employee
  * Generates eTDS / eTCS Return for Forms 24Q, 26Q, 27Q & 27EQ
  * Generates NIL returns on a single key stroke
  * TDS/TCS Certificate – Forms 16, 16A, 27A & 27D
  Latest Integrated File Validation Utility (FVU) of NSDL for automatic data Validation
  * FVU file generation for Return submission in just on click
  * Instant display of file validation errors at same location
  Option to auto download CSI file during file validation
  Import data from Excel files (optional add-on)
  Online / Offline updation , data backup & restore facilities   Print out various utility reports
  Print out Forms 24Q, 26Q, 27Q & 27EQ for internal records
  * Option of Exporting reports in PDF/ Word/ Excel formats
  Extremely user-friendly Windows based interface.

Taxmann’s Guide to Foreign Direct Investments in India with FDI Policy Effective From 10th April, 2012

Taxmann’s Guide to Foreign Direct Investments In India is a complete and comprehensive Guide to Consolidated FDI Policy issued on 10th April, 2012. 

Liberalisation in industrial policy and policy towards foreign investment in India was initiated in 1991.  The liberal policies introduced in 1991 are continuing and Indian economy is becoming more and more open and liberal every year.

Policy in respect to foreign investment in India (FDI) is regulated by Department of Industrial Policy and Promotion (DIPP) (FC section).  So far, the practice followed was to issue press notes in respect of industrial  and foreign investment policy.  The press notes were scattered and a single policy document was not available.

Service Tax Ready Reckoner

We are pleases to announce release of the Service Tax Ready Reckoner (Finance Bill 2012 Edition). This book will be useful for Corporate Accountants, Chartered Accountant & Service Tax Practitioners.

Standing Committee Report on Direct Taxes Code Bill

A comprehensive analysis of the Recommendations of the Parliamentary Standing Committee on Finance on Direct Taxes Code Bill Showing:

• What the Direct Taxes Code originally proposes
• What Standing Committee now suggested
• What are the implications of the recommendations of the Standing Committee.

Employees How to Save Income Tax

Employees How To Save Income Tax As amended by Finance Act 2011. This edition is for assessment years 2011-12 and 2012-13. The book incorporates:

* Basic concepts
* How to Compute Salary Income
* Valuation of Perquisites
* How to Compute Property Income
* How to Compute Capital Gains
* How to Compute Income from Other Sources
* Know About Some Exemptions, Certain Deemed Incomes and Clubbing Provisions
* Deductions and Reliefs
* Computation of Net Income and Gross Tax
* Computation of Net Tax Payable
* How to Pay Taxes
* File Your Returns of Income
* Assessment and How to Face it
* New Tax Tables
* Tax Planning
* Investment Planner

Students Guide to Cost Accounting & Financial Management

Students Guide to Cost Accounting & Financial Management’ by
CA Bhavesh N. Chandrana. The book is an examination oriented 3-in-1 book for CA-IPCC serving as

Ø Text Book

Ø Fully Solved Question Bank

Ø Past Examination Analyser

With following Salient Features:

Ø Tabular/Bulleted Form Presentation with Conceptual Clarity

Ø Step-by-Step Solutions to Practical Problems with Interactive and Explanatory Notes

Ø Fully Solved Practical Problems Covering more than Past 25 Exams

The practical problems are solved in a unique interactive manner. At the end of each chapter, a unique chapter-wise Exam Analyser incorporated.
The book is best for students of CA-IPCC:

Auditing & Assurance Book

‘Students Guide to Auditing & Assurance’ 3rd Edition by Aruna Jha is an examination oriented book conceived especially for students of CA-IPCC. The entire subject is presented in a Tabular/Bulleted Form presentation for easy comprehension.

‘Students Guide to Auditing & Assurance’ 3rd edition by Aruna Jha is 3-in-1 book serves as
• Text Book
• Question Bank
• Examination Reviser

Illustrated Guide to Revised Schedule VI by Taxmann

The book is a comprehensive guide book on the preparation and presentation of financial statements in the revised format which resembles broadly to IFRS. The book includes special chapters on:

 Presentation of Balance Sheet
 Current Non Current Classification
 Cash And Cash Equivalents
 Presentation of Statement of Profit and Loss
 Exceptional And Extra-Ordinary items
 Condorsement Approach of IFRS Incorporation in the US
 IFRS Updates
 XBRL Awareness And Filing Norms
 Companies (Filing of Documents & Forms in Extensible Business Reporting Language) Rules, 2011

This illustrative Guide Book has been developed to discuss primarily the techniques of current non-current analysis but enlarged to cover related emerging issues in corporate reporting like XBRL Filling, Management commentary, Developments in IFRS convergence.

The book is authored by Dr. T.P. Ghosh, Professor, Institute of Management Technology, Dubai.

The book is modestly priced at ` 775 and is a must buy for the person responsible for preparing Balance Sheet of the Companies, Chartered Accountants, Company Secretaries and Corporate Accountants.