Table of Contents:
·
1. All Persons other than a Company required
to pay Alternate Minimum Tax (AMT) [Section 115JC(1)]:
·
2. Meaning of ‘Adjusted Total Income’
[Section 115JC(2)]:
·
3. Report from an Chartered Accountant
[Section 115JC(3)]:
·
4. To whom AMT shall be applicable [Section
115JEE(1)] :
·
(5) To whom AMT shall Not be Applicable [Section 115JEE
(2)]:
·
6. Tax Credit for Alternate Minimum Tax (AMT)
[Section 115JD]
Related Posts…
·
[Rule 12]- Form
and Manner of Furnishing Return of Income As per rule 12(1),
The return of income required to be furnished under section 139(I) or 139(3) or
139(4A) or…
·
Computation of
Capital Gains in different Cases 1. Computation of
‘Capital Gain’ in case of ‘Zero Coupon Bonds’ The profits arising on the
transfer of such zero…
·
Appeals &
Revisions under Income Tax Act. 1. First Appeal
Filed by the Assessee The first appeal against the order of Assessing Officer
shall lie to the…
·
Assessment and
Audit under CGST Act, 2017 Word “Assessment” has been defined
in Section 2(11) of the CGST Act, 2017. As per Section 2(11), Assessment means
determination…
·
Income Tax Rates
for Assessment Year 2021-22 1. In case of
Individual (A) For an individual (man or woman), resident in India who is of
the age…
·
Agricultural
Income & Its Tax Treatment [Section 2(1A) and 10(1)] Section
10(1) of the Income-tax Act, 1961 exempts agricultural income from income-tax.
Agricultural income including the following: (i)
any…
·
Permanent
Account Number (PAN) [Section 139A and Rule 114] 1.
[Section 139A (1)]- Who has to apply for PAN?: Every person who has not been
allotted a permanent account…
·
Penalties under
Income Tax Act. The various defaults in respect of which
Penalty can be imposed by the Income Tax Department are summaries in details.…
·
Chapter VI of
Central Goods and Services (CGST) Rules, 2017 Chapter VI of
Central Goods and Services (CGST) Rules, 2017 has laid down various rules
relating to— (1) CGST…
·
Interest Payable
by the Assessee for default in furnishing Return of Income U/s 139(1) The
assessee is liable to pay interest in the following cases: (a)
where the return of income is furnished…
·
[Section 30 to
37]- Expenses Allowed as a Deduction for computing Income under ‘Profit &
Gains of Business or Profession’ 1. [Section 30]-
Rent, Rates, Taxes, Repairs and Insurance for Buildings – for computing
Profit & Gains of Business or…
·
Tax on Total
Income of a Company 1. Rates of Income Tax of a
Company other than covered U/s 115BA A company is assessed like any other…
·
Investment
Planning for Tax Savings 1. Investment in Sukanya
Samriddhi Yojana (SSY) The Sukanya Samriddhi Yojana interest rate for January
to March 2020 (Q4, FY…
·
First Appeal
Filed by the Assessee The first appeal against the order of
Assessing Officer shall lie to the Commissioner (Appeals) and it can be filed…
·
Input Tax Credit
or ITC under GST Under the GST regime. the Centre will give
input tax credit for Central GST/IGST and the States will give input…
·
[Section 64]-
Clubbing of Income of an Individual with income of Spouse, Minor Child, etc. 1.
[Section 64(1)(ii)]- Remuneration of Spouse from a Concern in which the
Other Spouse has Substantial Interest: In computing…
·
Taxability -
Income from Other Sources [Sections 56 to 59] 1.
Section wise Table – Income from Other Sources Sections Particulars 56 Income
from Other Sources 56(1) Chargeability 56(2) Specific…
·
Taxation In
Companies - Company Taxation 1. [Section 6(3)]-
Definitions & Types of Companies with Residential Status (1).
Definition and Types of Companies 1. Company: As…
·
Assessment of an
‘Individual’ An individual means a natural person i.e.
human being. Individual includes a male, female, minor child and a
lunatic or…
·
GST
Registration, Modification and Cancellation Procedure The
registration in GST is PAN based and State specific. Supplier has to register
in each of such State or…
You May Also Like…
Revision by the Principal
Commissioner or Commissioner under Income Tax Act.
Appeals & Revisions, Direct Taxes Ready Reckoner, Tax Management /
[Section 285BA]-Obligation to Furnish Statement of
Financial Transaction or Reportable Account
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
Service of Notice under the Income-tax Act [Sections 282
to 284]
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
[Section 281B]- Provisional attachment of Property to
protect revenue in certain cases
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
Restriction on Cash Transactions [Section 269ST and
271DA]
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
[Section 269T]- Mode of repayment of certain Loans or
Deposits and Specified Advance Received
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
[Section 269SS]- Mode of taking or accepting certain
Loans, Deposits and Specified Sum
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management /
Appeals to Appellate Tribunal [Section 253(1) and (2)]
Appeals & Revisions, Direct Taxes Ready Reckoner, Tax Management /
First Appeal Filed by the Assessee
Appeals & Revisions, Direct Taxes Ready Reckoner, Tax Management /
[Section 273A]- Power to Reduce or Waive Penalty
Direct Taxes Ready Reckoner, Penalties, Tax Management /