Withdrawal from Provident Fund before Completion of 5 years taxable?
Posted Date : 30-Jul-2012 , 02:50:43 pm | Posted By
Deepak Tanwar
Dear All,
Withdrawal from Provident Fund (PF) Account before Completion of Five years taxable?
Withdrawal of Provident Fund may attract Income Tax. The Income Tax Department recently told EPFO (Employees Provident Fund Organisation) to deduct Tax (TDS) from the withdrawal amount, if the w...
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Category : Income Tax |
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1 | Hits : 1285 |
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Monetary Benefits for Tree Plantation
Posted Date : 29-Jul-2012 , 01:52:18 pm | Posted By
Pique242
Benefits for Tree Plantation
I aim at planting a good idea in your mind.
Carbon production is rising daily by huge volume. Gases like Carbon Monoxide (CO) and Carbon dioxide (Co2) continue to increase their share in atmosphere as you read this article.
...
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Category : Income Tax |
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3 | Hits : 432 |
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How to detect lies
Posted Date : 29-Jul-2012 , 11:57:37 am | Posted By
CA Amit Bawari
General Indications of Deceit
• When the subject is changed, he’s in a better, more relaxed mood. The guilty wants the subject changed; the innocent always wants a further exchange of information.
• He does not become indignan...
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Category : General |
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1 | Hits : 871 |
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Deposit of tax in Government account
Posted Date : 27-Jul-2012 , 03:13:39 pm | Posted By
Surendra Kumar Dash
De...
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Category : Income Tax |
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0 | Hits : 264 |
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Last for Submission of Cost Audit/Compliance Report Extended
Posted Date : 27-Jul-2012 , 07:44:46 am | Posted By
NAVNEET KUMAR JAIN
Extension in last date of Filing of Cost Audit Reports or Cost Compliance Reports:
Last Date Extended upto 31/12/12
By Navneet Kumar Jain
FCMA, MBA, LL.B., M.COM., PGDTL, LIII., AIIISLA
Normally July to September is the time for finalization of audits especially Financ...
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Category : Auditing |
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0 | Hits : 2984 |
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Real meaning of failure
Posted Date : 26-Jul-2012 , 06:37:47 pm | Posted By
Vinanti Zatakiya
What is failure????
In common parlance, when you are not able to achieve your goal in first try then you th...
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Category : General |
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0 | Hits : 631 |
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THE MANAGEMENT TIPS.
Posted Date : 24-Jul-2012 , 03:08:56 pm | Posted By
Vikash Kumar Jha
Start Your Team on the Right Path
Any manager who has put together a team — be it large or small, in-person or virtual — knows how difficult it is to get a group started off right. Next time you have to launch a team, try these three things to improve your chances of success:
...
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Category : International Business |
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1 | Hits : 448 |
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Tax treatment of Provident Fund?EPF SPF PPF URPF
Posted Date : 24-Jul-2012 , 02:11:21 pm | Posted By
Vikash Kumar Jha
Tax treatment of Provident Fund?EPF SPF PPF URPF
Both the employer and employee contribute towards Provident Fund. The contribution made by employees is out of their own income and therefore no question of taxation arises as the entire amount has already been taxed. The contribution by the em...
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Category : Income Tax |
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0 | Hits : 767 |
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Public Provident Fund - Tax Planning
Posted Date : 24-Jul-2012 , 12:23:51 pm | Posted By
CA.NAVEEN K R
Dear Friends,
Let me introduce myself first, my name is Naveen K R.I am a Qualified Chartered Accountant (CA) and Company Secretary (CS). Thought of writing a small article on “Tax Planning” which would help all the members to plan there Tax in legal and legi...
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Category : Income Tax |
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0 | Hits : 921 |
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Mandatory Quoting of PAN and TAN
Posted Date : 23-Jul-2012 , 03:06:24 pm | Posted By
Surendra Kumar Dash
Mandator...
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Category : Income Tax |
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0 | Hits : 562 |
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Benefits of Waking Up Early
Posted Date : 23-Jul-2012 , 03:06:02 pm | Posted By
Vikash Kumar Jha
&n...
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Category : General |
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1 | Hits : 527 |
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HOW TO BECOME CA
Posted Date : 23-Jul-2012 , 09:31:16 am | Posted By
Deepak Tanwar
Dear All,
Requirements for becoming a Chartered Accountant
Under the existing chartered accountancy scheme of education, training and examination, the
requirements for becoming a chartered accountant are as follows:
(i) Enrol with the Institute for Common Proficiency Test (CPT) af...
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Category : ICAI |
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0 | Hits : 373 |
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Most important questions related to filling tax returns and how costly can the delay in filling tax returns be?
Posted Date : 21-Jul-2012 , 02:04:27 pm | Posted By
Vikash Kumar Jha
Most important questions related to filling tax returns and how costly can the delay in filling tax returns be?
Question:-First, what are the due dates?
Answer:-
Assessees having income from salary have to file return of income before July 31 of the assessment year. Thi...
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Category : Income Tax |
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0 | Hits : 442 |
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House Property Income Tax Return Filling 10 Points:
Posted Date : 20-Jul-2012 , 01:41:06 pm | Posted By
Vikash Kumar Jha
House Property Income Tax Return Filling 10 Points:
Last Night, Mr. R K Sharma has asked very interesting 10 queries about how to treat House property Income in Income Tax return, we have tried to reply these queries here under and sharing with you as these may beneficial for all.
...
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Category : Income Tax |
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0 | Hits : 1049 |
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INCOME TAX- USEFUL INFORMATION
Posted Date : 20-Jul-2012 , 09:00:23 am | Posted By
Deepak Tanwar
1) The Income Tax Act has placed an obligation on Taxpayer to file the Income Tax Return if the Gross Total Income of Taxpayer is more than maximum exempt limit, even if Taxpayer has no tax due.
2) As per Income Tax Act, for AY12-13, the maximum exemption limits are:
Rs. 1.80 lacs for...
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Category : Income Tax |
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1 | Hits : 979 |
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How to e-file Income Tax Return -: 10 Steps Guide:
Posted Date : 19-Jul-2012 , 02:30:55 pm | Posted By
Vikash Kumar Jha
How to e-file Income Tax Return -: 10 Steps Guide:
31st July is approaching fast which is the last date for filing of Income Tax Return for the Assesses who are not required to get there books of account audited under the provisions of Income Tax Act, 1961. CBDT has recently vide&...
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Category : Income Tax |
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0 | Hits : 877 |
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ASSESSMENT OF AOP / BOI (Sec. 86)
Posted Date : 17-Jul-2012 , 02:48:23 pm | Posted By
Surendra Kumar Dash
ASSESSMENT OF AOP / BOI (Sec. 86)
The assessment of the members of AOP or BOI depends on whether the AOP or BOI is chargeable to tax at the maximum marginal rate or at slab rate or is not chargeable to tax at all.
Tax-treatment in the three case...
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Category : Income Tax |
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0 | Hits : 1093 |
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some qualities of a speaker
Posted Date : 14-Jul-2012 , 03:05:20 am | Posted By
SHIKHA SONI
1. Be Yourself
It's great to watch other successful speakers, to see what they do and how they do it. To be a great speaker in your own right requires you to develop your own style, to speak using your own voice. Be yourself when you speak and you can't help but be successf...
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Category : Income Tax |
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0 | Hits : 350 |
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SOME THINGS TO CONTROL IN YOUR LIFE
Posted Date : 14-Jul-2012 , 02:55:51 am | Posted By
SHIKHA SONI
There are just a few aspects of life that we can truly control, and it's useful to know just what those areas are. If you don't know, you'll spend a lot of time blaming others for your own failings. Try and exert too much control in areas you shouldn't and the universe w...
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Category : General |
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2 | Hits : 554 |
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Information and Documents to be collected from Client for DSC
Posted Date : 11-Jul-2012 , 10:30:22 pm | Posted By
CA ISHA MARFATIA
Following is the list of information and documents for obtaining DSC that one can collect via just one e-mail from client. So that we can avoid duplication of work and get perfect data.
List of Information and documents for Organizational Client:
Information
1.Name of the applicant
...
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Category : General |
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0 | Hits : 591 |
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Summary of checklist for conducting concurrent bank audit
Posted Date : 11-Jul-2012 , 04:42:02 pm | Posted By
CA ISHA MARFATIA
KYC checking:
For New account
1) Name of the account holder
2) Type of a/c saving/current/time/advance
3) A/c no
4) A copy of verified Identity proof
5)&...
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Category : Auditing |
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7 | Hits : 14262 |
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Penalties under Income Tax Act, 1961
Posted Date : 11-Jul-2012 , 02:51:21 pm | Posted By
Deepak Tanwar
SECTION
Nature of Failure/Default
Authority who can levy penalty
Quantum of Penalty
SECTION 158BFA(2)
...
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Category : Income Tax |
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0 | Hits : 978 |
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Input Tax Credit - Reversal/Reduction
Posted Date : 11-Jul-2012 , 01:51:42 pm | Posted By
CS Shilpi Bhardwaj
Input Tax Credit - Reversal/Reduction
Friends, I feel that we have been committing error of having more confidence in others than ourselves, and rather than doing little exercise oneself, we depend on certain selected ones to teach us what the law is, that can be the only cause, ...
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Category : General |
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0 | Hits : 762 |
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Corporate accounting reporting and ethics need for CAs
Posted Date : 11-Jul-2012 , 01:45:07 pm | Posted By
CS Shilpi Bhardwaj
Corporate accounting reporting and ethics need for CAs
Introduction
All around us there is this talk of lack of ethics, corruption, inability of a normal Citizen to get justice in time, so on and so forth. The biggest irony is that the normal citizen wh...
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Category : General |
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0 | Hits : 339 |
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Frequency of Service Tax Return / Payment – Monthly, Quarterly, Half yearly ?
Posted Date : 11-Jul-2012 , 09:08:26 am | Posted By
Deepak Tanwar
Dear All,
After budget 2012, there is lot of confusion as to frequency of filing of Service Tax Return. Budget 2012 Presented by Finance Minister on 17.03.2012 proposed that the cycles for the payment service tax and filing of return should coincide. In View ...
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Category : Service Tax |
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2 | Hits : 2621 |
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Income Tax – How to submit Online Rectification request
Posted Date : 10-Jul-2012 , 09:09:59 am | Posted By
Deepak Tanwar
Dear All,
Step 1: Make sure you have received an intimation under section 143 (1) from CPC Bangalore for the E-returns filed by you for AY 2009-10 or later.
Step 2: Carefully examine the intimation to see if the computation by CPC i...
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Category : Income Tax |
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0 | Hits : 926 |
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5 things you should never share on Facebook
Posted Date : 09-Jul-2012 , 01:24:52 pm | Posted By
Vikash Kumar Jha
5 things you should never share on Facebook
Almost every user likes to share everything on their Facebook page but certain updates can lead to criticism, embarrassment and even job termination.
So here's a shortlist of what you shouldn't share on the social networ...
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Category : General |
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0 | Hits : 544 |
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Rajiv Gandhi equity saving scheme sec 80CCG
Posted Date : 09-Jul-2012 , 12:17:14 pm | Posted By
Deepak Tanwar
Finance Act 2012 has inserted a new section 80 CCG, This will be applicable for the A.Y. 2013-14.
Following conditions must be fulfilled to claim this deduction:
i. The gross total income of the assessee for the relevant Assessment Year should not exceed Rs. 10,00,00...
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Category : Income Tax |
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2 | Hits : 1140 |
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ALL ABOUT CREDIT RATING
Posted Date : 08-Jul-2012 , 01:29:38 am | Posted By
Rahul Bhardwaj
CREDIT RATING
Credit Rating has assumed an important place in the modern and developed financial markets. It fac...
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Category : Finance |
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0 | Hits : 1367 |
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Lesser Known tax saving tips
Posted Date : 07-Jul-2012 , 09:50:04 am | Posted By
Deepak Tanwar
Dear All,
For most of the people ‘tax savings’ brings to mind LIC, PPF, NSC, and equity-linked savings scheme, among others, that qualify for tax deduction under Section 80 C of the Income-Tax Act. An individual can claim tax deductions of up to Rs 1 lakh un...
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Category : Income Tax |
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0 | Hits : 1091 |
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