How to Fill Return Of Net Wealth (Form BB)

Instructions For Filling Up Return Of Net Wealth in new Form BB assessment years 2014-15 and subsequent years Net Wealth (Form BB)is to be filled up by all wealth-tax assessees [individual, Hindu Undivided Family (HUF) or company]. This form is applicable for assessment years 2014-15 and subsequent years. These notes are meant to help you…

Recent Updates in Direct & Indirect Taxes

Recent updates in Direct & Indirect taxes and in other areas of professional interest shared by CA Aman Yadav CBDT has released ITR-5 which is applicable for Income Tax Return (ITR) of firms, AOPs, BOIs and LLPs for A.Y. 2014-2015. CBDT has released Java utility of ITR-5 and we expect Excel utility also to be…

Wealth Tax: Are you Liable to pay? Have a look!!

Very few taxpayers have heard of it and fewer pay it. However, there is no reason for you to ignore wealth tax. .Wealth tax shall be charged for every assessment year in respect of the net wealth on the corresponding valuation date of every Individual, Hindu undivided family, and company at the rate of 1%…