NEFT (National Electronic Funds Transfer)
Posted Date : 20-Sep-2011 , 04:34:06 pm | Posted By
Neha Jain
The NEFT Service is useful for the seamless transfer of funds from one branch to another without any delay or procedural hassle. The operations and functions of the system are similar to RTGS. We have become active member of NEFT system and introduced a new product called TMB e...
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Category : Banking |
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Electronic Clearing Service (ECS)
Posted Date : 20-Sep-2011 , 04:29:35 pm | Posted By
Neha Jain
Electronic Clearing Service (ECS)
ECS is an electronic mode of funds transfer from one bank account to another bank account using the s...
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Category : Banking |
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0 | Hits : 981 |
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A 'Yes' Face
Posted Date : 20-Sep-2011 , 10:13:00 am | Posted By
Neha Jain
A 'Yes' Face
During Thomas Jefferson's presidency he and a group of travelers were crossing a river that had overflowed its banks. Each man crossed on horseback fighting for his life. A lone traveler watched the group traverse the treacherous river and then a...
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Category : General |
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4 | Hits : 426 |
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Removing Password from a PDF File
Posted Date : 18-Sep-2011 , 04:54:48 am | Posted By
Vikas
There’s a free Windows utility called BeCyPDFMetaEdit that can help you remove passwords from PDF files without making any other change to the document. (I am not sure why the developers picked such a complex name for this useful utility).
Here’s what you need to do:
1. Laun...
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Category : General |
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1 | Hits : 1009 |
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Steps to Register a new Company
Posted Date : 18-Sep-2011 , 04:52:57 am | Posted By
Vikas
Do you want to start an Indian Company?
To register a company, you need to first apply for a Director Identification Number (DIN) which can be done by filing eForm for acquiring the DIN. You would then need to acquire your Digital Certificate and register the same on the portal. Therea...
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Category : Corporate Law |
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0 | Hits : 596 |
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Precaution in eFiling in MCA
Posted Date : 18-Sep-2011 , 04:52:10 am | Posted By
Vikas
In order to carry out e-filing on MCA21 you have facility to download the eform and fill it in an offline mode. Every form has the facility to pre-fill the data available in MCA21 system. Once the e-form is filled you would need to validate the e-form using Pre-scrutiny button. You would then hav...
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Category : General |
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2 | Hits : 657 |
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How to Incorporate a New Limited Liability Partnership
Posted Date : 18-Sep-2011 , 04:51:14 am | Posted By
Vikas
A Limited Liability Partnership may be incorporated as per the procedure explained below:
User Registration
Register yourself on the website of Ministry of Corporate Affairs, developed for LLP services, i.e. www.llp.gov.in . This website may also be accessed through the websit...
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Category : Students Zone |
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0 | Hits : 474 |
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New Procedure of Income Tax payment challan correction by banks (for physical challans) from 1st September 2011
Posted Date : 18-Sep-2011 , 04:48:00 am | Posted By
Vikas
Revised Procedure from 1st September 2011 to get Income Tax , TDS, Self Assessment Tax, Advance Tax, Wealth Tax and Other Direct tax Payment Challan corrected / Rectified which were paid at bank in Physical Mode and time period within which correction request can be made along with conditions , P...
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Category : Income Tax |
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0 | Hits : 1436 |
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Format of reply to Penalty notice under section 272B for wrong quoting or non-quoting of PAN
Posted Date : 18-Sep-2011 , 04:46:16 am | Posted By
Vikas
Nowadays Income tax department is issuing notice to the under section 272B of Income Tax Act 1961, to the Assessee’s who filed their Income tax Return, but filled wrong PAN or not filled PAN in their Income tax Returns . Under section 272B Assessing office can impose a penalty of Rs. 10,000...
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Category : Income Tax |
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2 | Hits : 1445 |
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How to rectify and avoid interest default in Payment of TDS and How to calculate interest on TDS defaults
Posted Date : 18-Sep-2011 , 04:45:32 am | Posted By
Vikas
Income Tax Department displaying defaults in TDS returns filed on its websitewww.tin-nsdl.com (TAN registration login). The defaults will be raised as & when processed and will be kept updated in this area. It will be in a Zipped Excel sheet (no password) and quarter wise separate files ...
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Category : Income Tax |
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0 | Hits : 1652 |
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Payment of Service Tax on accrual basis
Posted Date : 18-Sep-2011 , 04:44:00 am | Posted By
Vikas
Service tax is paid on billing basis or accrual basis since the Point Of Taxation Rules 2011 has been introduced. It is mandatory for all service provider to pay service tax on accrual basis since July 2011 except professional.
The purpose of this amendment is that the payment of servi...
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Category : Service Tax |
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1 | Hits : 1642 |
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Default in TDS & CARO
Posted Date : 18-Sep-2011 , 04:43:20 am | Posted By
Vikas
TDS is always a controversial issue for every assessee. Considering the defaults in TDS by deductor and disclosure of the same by auditors in CARO and Tax Audit Report, a question arises about a default for which one can have some different view. Take example:
A company (deductor) has ...
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Category : Income Tax |
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0 | Hits : 606 |
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Role of Capital
Posted Date : 18-Sep-2011 , 04:42:40 am | Posted By
Vikas
Capital market plays an extremely important role in promoting and sustaining the growth of an economy. It is an important and efficient conduit to channel and mobilize funds to enterprises, and provide an effective source of investment in the economy. It plays a critical role in mobilizing saving...
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Category : Shares & Stock |
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0 | Hits : 417 |
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LIST OF REQUIREMENTS FOR THE EXCISE REGISTRATION:
Posted Date : 18-Sep-2011 , 04:42:01 am | Posted By
Vikas
1. Name of the company ______________________________________
2. Address in full reg. _________________________________________
3. Constitution _____________________________________________
4. Pan number of company ______________________________________
5. Telephone no. of Co. ___________...
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Category : Excise |
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1 | Hits : 851 |
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The Foreign Contribution (Regulation) Act, 2010 has come into effect from May 1, 2011.
Posted Date : 18-Sep-2011 , 04:41:15 am | Posted By
Vikas
The FCRA Rules, 2011 have come into force simultaneously with FCRA, 2010.
Salient Features of the Act
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1. Any association granted prior permission or registered with the Central Government under Section 6 or under the repealed FCRA, 1976, shall be deemed to have been granted prior permi...
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Category : International Business |
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0 | Hits : 732 |
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Audit procedure of Manufacturing company
Posted Date : 18-Sep-2011 , 04:36:41 am | Posted By
Vikas
1) Brief history about the clients nature of business:
First of all if u want to carry an audit to any manufacturing company, U should have a brief knowledge about the client’s nature of business, what are the activities they are carrying, what is the procedure they are following while ma...
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Category : Auditing |
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1 | Hits : 2303 |
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Chartered Accountancy through the words of Sri Bhagwat GITA
Posted Date : 18-Sep-2011 , 04:35:12 am | Posted By
Vikas
While going through the path of life we receive, aspire and reshape both our intellect and our perception. Astonishingly we deceive our own self, yet consider our self to be correct and righteous. A Popular saying goes “Between Right and Wrong there is a trouble some grey area”.
...
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Category : Students Zone |
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0 | Hits : 590 |
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Criteria / Guidelines for Income tax Scrutiny for Assessment year 2010-11
Posted Date : 18-Sep-2011 , 04:34:03 am | Posted By
Vikas
Guideline has published for selection of case for Scrutiny during AY 2010-11, these guideline / criteria has been submitted by AO to range officers.
Selection criteria Applicable to all return at all stations
a) Value of International transaction as defined in 92B exceeds 15 Crore.
...
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Category : Income Tax |
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1 | Hits : 1596 |
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TDS Provision
Posted Date : 18-Sep-2011 , 03:40:11 am | Posted By
Vikas
One of the most disputed arguments between assessee and income tax department is that whether payments made towards specified expenditure attracts disqualification u/s 40(a) (ia) and applicability of this section to provisions made at the year end and its implications. Following are the views exp...
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Category : Income Tax |
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1 | Hits : 568 |
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Process for Name Change in Listed Companies
Posted Date : 18-Sep-2011 , 03:29:58 am | Posted By
Vikas
1.Hold board meeting and consider about name change and authorise the CS for filing of Form 1A and Form no. 1B
2.Intimate the SE about the proposal.
3. File form no.1A
4. On receipt of new name confirmation hold another board meeting for
Affixing date, time and venue of General M...
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Category : Corporate Law |
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0 | Hits : 2803 |
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