Saraswati institute of commerce

30/04/2015

Classes for +1 commerce will started on 1st may 2015 at Saraswati institute jandiala guru amritsar
For more detail contact- 9888990880

27/06/2014

Saraswati Institute of Commerce...... 100% Results..... Batches are going to start.....

17/01/2014

30/12/2013

24/10/2013

Due Date for Filing Returns & Tax Audit Report extended to 31 Oct 2013

In response to a Writ petition filed by All India Chartered Accountant Forum, the Hon'ble Delhi Court has passed its final verdict today.

In view of the difficulties pointed out in Writ petition as well as representations made to committee of CBDT, the CBDT has accepted to extend the due date for filing returns and tax audit report for the assessment year 2013-14 to 31st October 2013 for assesses whose due date of filing return of income was 30th September 2013 .

Necessary clarification/circular would be issued by CBDT in due course.

09/09/2013

15th Sept is the last date for Payment of Advance Tax

30/08/2013

ICAI Statistics as on 15th Aug 2013
No. of CA's 2,23,390
No. of CA Firms 55,944
No. of Students 11,47,086

02/08/2013

New Income tax slab for Financial Year 2013-14 / Assessment Year 2014-15

For Senior Citizens having Age 60 years and Above:
S. No Income Range Tax percentage
1 Up to Rs 2,50,000 No tax / exempt
2 2,50,001 to 5,00,000 10%
3 5,00,001 to 10,00,000 20%
4 Above 10,00,000 30%

For Very Senior Citizens having Age 80 years and Above:
S. No. Income Range Tax percentage
1 Up to Rs 5,00,000 No tax / exempt
2 5,00,001 to 10,00,000 20%
3 Above 10,00,000 30%

For Ordinary Citizens having Age Less than 60 years:
S. No. Income Range Tax Percentage
1 Up to Rs 2,00,000 No tax / exempt
2 2,00,001 to 5,00,000 10%
3 5,00,001 to 10,00,000 20%
4 Above 10,00,000 30%


For normal category the simple calculation is as follows

Taxable Income in 10% slab maximum tax will be Rs 28000 (taking 2000 tax credit into consideration)

Taxable Income in 20% slab maximum tax will be Rs 30000 + Rs 1,00,000 total Rs 1,30,000 ( no tax credit for income above Rs 5,00,000)

Taxable Income in 30% slab minimum tax will be Rs 1,30,000

EC and SHEC @ 3% will be in addition to this.

Conclusion: No Change In Slab Rates...... Only Rs. 2000 Tax Rebate is Provided to Assesses having Income Less Than Rs.500000.

31/07/2013

Due Date of E-Filing of Income Tax Return is Extended to 5 August....

30/07/2013

Govt. of PUNJAB
EXCISE AND TAXATION DEPARTMENT
PUBLIC NOTICE

Attention : All VAT Dealers, Advocates, Chartered Accountants and Cost Accountants
Subject: Last date for submitting tax and e-filling VAT 15 for Quarter 1 of FY 2013-14
1. The VAT 15 e-Filling service for quarter 1 of FY 2013-14 was started from 1st
July, 2013.
2. The last date for e-filling of VAT 15 for quarter 1 of FY 2013-14 has been
extended till 6
th August, 2013.
3. Please be informed that the dates for submitting the tax has not been changed
and remains as 20th July, 2013 for submitting tax through cheque and 30th July,
2013 for submitting through cash.
4. TIN of dealers not filing return till 6th August 2013 will be locked.
Thank you.
Anurag Verma
Excise and Taxation Commissioner
Govt. of Punjab