XBRL exbace's List: Online eTDS Software

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Drafting an entire comprehensive checklist for residuary business expenses is not feasible. However, every professional should know about the allow ability/non-allow ability of some important expenses. Here we pulled some of important expenses are brief below here:

India’s finance minister Mr.Pranab Mukherjee has proposed new rule on TDS rule to spur black money deals. In this proposal the suggestion demanding home purchasers to withhold 1% of the sale factor as Tax Deducted at Source (TDS) could motivate black money element in real estate, experience developers and property consultants. On the other side Tax consultants, consider otherwise and call attention that attain of the banking sector in rural area would make it simpler to identify unsavory deals. Many professionals say – This will be not a good practices to follow.

Our major products are Online eTDS Software, income tax software for efiling returns, e-TDS Software, XBRL Software for financial statements filing, ROC, VAT, FAR, Service tax, Office Management Software and various utility for chartered accountant and corporates.

Every year, March is the month for filing tax returns and March 2012 is going going gone, just 4 day left. So if you didn't prepared your tax yet than file your return of income and prepare important taxation issues before 31th march 2012.

Where a capital asset is acquired under any law by the government, or where the consideration for the transfer of a capital asset is to be determined or approved by the government or the Reserve Bank of India, the following points may be noted while computing CG:

Tax is a fee charged by a government on a product, income or activity. There are two types of taxes – Direct taxes and Indirect taxes (See Chart below this paragraph). If tax is charged directly on the income or wealth of a person, then it is a direct tax e.g. income-tax. If tax is charged on the price of a good or service, then it is called an indirect tax e.g. excise duty. In the case of indirect taxes, the person paying the tax passes on the incidence to another person