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Taxation :

 Tax is what the government imposes charge on business entities such as corporate tax, income tax and capital tax. Discuss about the rules and regulations of tax payment methods followed according to the business structures

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Sankara krishnan
Last Posted On 31, Oct 2016 17:20:47
By sankara krishnan on 31-Oct-16 05:20:47 PM

Hello all, I need an information about the latest trends and updates of taxation.

Views 337 , Number of Likes 0, Replies 0
Shiny rosy
Last Posted On 07, Jul 2016 17:58:05
By Shiny Rosy on 07-Jul-16 05:58:05 PM
Posted By Shiny Rosy

Income Computation and Disclosure Standards (ICDS) is a new accounting standards for computation of business income that aims to ensure consistency and help minimize tax-related disputes. It was notified by the government on April 1, 2015.

Earlier it was stated that this will be applicable from April 2016 which means 2016 to 2017. But now considering the difficulties and clarification regarding it, Central Board of Direct Taxes (CBDT) has postponed ICDS to the next year that is from 2017 to 2018.

Views 1271 , Number of Likes 0, Replies 0
Jaslynn
Last Posted On 13, May 2016 16:28:36
By Jaslynn on 13-May-16 04:28:36 PM
Posted By Jaslynn

India, Canada, Iceland, China, New Zealand and Israel, signed the pact Multilateral Competent Authority agreement for automatic exchange of information on tax issues and develop new tools and standards for tackling tax base erosion and evasion. It will help ensure that tax administrations obtain a complete understanding of how MNEs structure their operations, while also ensuring that the confidentiality of such information is safeguarded.

Views 134 , Number of Likes 0, Replies 0
Merryl senuri
Last Posted On 21, Nov 2015 16:26:06
By Merryl Senuri on 21-Nov-15 04:56:06 AM
Posted By Merryl Senuri

Indian Income tax returns e-filing website ClearTax has launched Taxcloud mobile App for Chartered Accountant (CA) firms to make the process of e-filing of returns easier.

Views 352 , Number of Likes 0, Replies 0
Merryl senuri
Last Posted On 14, May 2015 14:35:35
By Merryl Senuri on 14-May-15 02:35:35 PM
Posted By Merryl Senuri

GST proposal which was made before 12 years was unable to be approved as states feared reduction in their fiscal powers. But now the Rajya Sabha select committee on Goods and services tax bill formation has been agreed by the Government. Bhupendra Yadav, a BJP member heads the committee which consists of 21 members.

Views 441 , Number of Likes 1, Replies 1
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