Sayed Shaikh & AssociatesChartered Accountants

Tools

Working calculators used in the practice, made available for general information. Each states the law it is based on. They are not professional advice; see the disclaimer below.

Residential statusResident, RNOR or non-resident under the Income-tax Act, and resident or non-resident under FEMA, from the same set of facts, with the reasoning shown.Section 6 · FEMA section 2(v) Tax auditWhether the accounts must be audited for the year: the turnover and gross-receipts limits, the 5% cash test, and the presumptive schemes under sections 44AD, 44ADA and 44AE, including the consequence of opting out.Section 44AB Capital gainsGain, rate and tax for an individual on listed and unlisted shares, mutual fund units, land and buildings and other assets, applying the changed rates from 23 July 2024, the indexation option for property, and surcharge and cess.Sections 111A · 112 · 112A · 50AA TDS ratesRates and thresholds for tax deducted at source by nature of payment, searchable by section or description.Sections 192 to 195 EMIEquated monthly instalment on a reducing-balance loan, with the year-wise split between principal and interest by financial year.Arithmetic only

Disclaimer

Basis on which these tools are provided

The tools on this site are provided by Sayed Shaikh & Associates for general information and preliminary computation only. They are not professional advice, and no adviser–client relationship arises from their use.

Each tool applies the law as amended up to the date stated with its result. It does not account for every provision, exemption, deduction, treaty benefit, surcharge, or fact pattern, and a change in law after that date may not be reflected. Results should be verified against the statute in force, and professional advice obtained before any decision is taken or any position is adopted in a return, filing or transaction.

Links to external websites are provided for convenience. The firm has no control over their content and accepts no responsibility for it.

Sayed Shaikh & Associates, its partners and staff accept no liability for any loss arising from reliance on the material on this site. This site is not an advertisement or a solicitation of professional work.