Posted Date : 04-May-2011 , 12:24:22 am | Posted By CA. SANAT PYNE

All about Deduction under Section 80G of the Income Tax Act, 1961 for donation   INSPITE of all the contributions made to social causes, there is a huge gap between the demand of money from the needy and the amount donated by philanthropists. This probably, is the reason why the Gov...

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Category : Income Tax | Comments : 0 | Hits : 1745

Posted Date : 03-May-2011 , 07:22:10 am | Posted By Ravindr Bhandari

Five popular ways for better living GEM THERAPY THE GEM STONES ARE A PERENIAL SOURCE OF SPECIFIC RAYS WHICH RADIATE FROM THEM FOR SEVERAL YEARS. PEOPLE SUFFERING FROM HEALTH PROBLEMS OR MISFORTUNES CAN WEAR DIFFERENT GEM STONES TO COUNTER THE MALEFIC INFLUENCE OF CERTAIN PLANETS IN A...

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Category : General | Comments : 0 | Hits : 649

Posted Date : 03-May-2011 , 03:56:11 am | Posted By CA. SANAT PYNE

Background for Section 80C of the Income Tax Act (India) / What are eligible investments for Section 80C: Section 80C replaced the existing Section 88 with more or less the same investment mix available in Section 88.  The new section 80C has become effective w.e.f. 1st April, 2006. ...

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Category : Income Tax | Comments : 0 | Hits : 832

Posted Date : 03-May-2011 , 03:53:12 am | Posted By CA. SANAT PYNE

What are the new challans for the payment of Direct Taxes? The following new single copy challans have been introduced with effect from July 2005:                   ...

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Category : Income Tax | Comments : 0 | Hits : 1329

Posted Date : 03-May-2011 , 01:28:07 am | Posted By Anmol Rana

  [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,  PART II, SECTION3, SUB-SECTION (ii)]    GOVERNMENT OF INDIA  Ministry of Corporate Affairs  NOTIFICATION                     ...

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Category : Corporate Law | Comments : 0 | Hits : 1109

Posted Date : 30-Apr-2011 , 10:42:11 pm | Posted By Sahil Rastogi

Guidelines for reporting TDS transactions not exceeding / exceeding threshold limit in quarterly TDS statements (as issued by Directorate of Income Tax - Systems).   Below guidelines may be referred, if deductor wishes to report the transaction in the quart...

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Category : Income Tax | Comments : 0 | Hits : 1649

Posted Date : 29-Apr-2011 , 04:34:22 am | Posted By Sahil Rastogi

Capital gains arising on sale of two residential houses invested in two residential houses-Eligibility for exemption The assessee owned two flats. The first flat was sold by the assesses for a sum of Rs. 1,01,00,000 and the second Flat had been sold for a sum of Rs. 97,...

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Category : Income Tax | Comments : 0 | Hits : 1106

Posted Date : 28-Apr-2011 , 11:52:42 am | Posted By May I Help You.

A junior manager, a senior manager and their boss are on their way to a meeting. On their way through a park, they come across a wonder lamp. They rub the lamp and a ghost appears.   The ghost says, "Normally, one is granted three wishes but as you are three, I will allow one ...

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Category : General | Comments : 5 | Hits : 1203

Posted Date : 28-Apr-2011 , 11:16:54 am | Posted By AMIT BAJAJ

ITO vs United Marine Academy(Mumbai ITAT)   Brief Facts: The assessee sold an office building for Rs. 49.43 lakhs. As the WDV of the said building was also Rs. 49.43 lakhs, no STCG was offered to tax. The AO held that as the stamp duty valuation of the building was Rs. 76.49 lakhs, t...

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Category : Income Tax | Comments : 0 | Hits : 1040

Posted Date : 28-Apr-2011 , 04:49:13 am | Posted By Sahil Rastogi

  Document delilvery by electronic mode_A relief through the Green Initiative   Finally, as a move to relieve the Corporate of huge financial burden of sending physical documents such as notices etc. by Registered Post instead of Under Posting Certificates after it being dis...

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Category : Corporate Law | Comments : 0 | Hits : 779

Posted Date : 27-Apr-2011 , 07:54:09 am | Posted By

Recently CBEC issued number of Notifications to amend various provisions. Gist of the Amendment is given below: All the changes in old services and new services will become applicable from 1st May 2011. (Notification No 29/2011) Fresh Exemption is provided to (Notificat...

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Category : Service Tax | Comments : 0 | Hits : 5202

Posted Date : 27-Apr-2011 , 05:25:52 am | Posted By CA Mordhwaj Garg

Penal provision of Late filling of TDS return 100.00 rs. per day or TDS amount which is lower. but in the present practice most of the assessee not filled TDS return properly & within the time prescribed by the Income Tax department. As per new sec. introduced by govt. TDS applicable is &...

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Category : Income Tax | Comments : 0 | Hits : 774

Posted Date : 27-Apr-2011 , 05:05:40 am | Posted By CA Mordhwaj Garg

Return Form 27EQ for TCS                                                                             &...

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Category : Income Tax | Comments : 0 | Hits : 1429

Posted Date : 27-Apr-2011 , 03:10:53 am | Posted By Sahil Rastogi

  Changes in ETDS FOR Q4 EFILING 31.03.2011 Ø     New FVU ver. 3.1 (F.Y. 2010-11 onwards) & ver. 2.130 (Upto F.Y. 2009-10) released by NSDL. Ø     New Flag “Y” may be selected in the field of ‘R...

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Category : Income Tax | Comments : 0 | Hits : 873

Posted Date : 26-Apr-2011 , 03:18:51 am | Posted By Vikas

You excelled in the interview, you've been offered the job, and now you're down to negotiating the deal... But how do you make sure you secure the best deal for you? A few tips: Know your worth You may have an idea of what you are worth based on anecdotal inf...

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Category : Students Zone | Comments : 0 | Hits : 499

Posted Date : 26-Apr-2011 , 03:15:25 am | Posted By Vikas

Do you wonder that despite a good resume why you haven't landed a good job? Most likely the problem lies with you and not with your resume. It's not always that your resume gets you the dream job. It also depends how well you manage the interview part, especially the 'toug...

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Category : Students Zone | Comments : 0 | Hits : 923

Posted Date : 26-Apr-2011 , 02:44:29 am | Posted By CA. MANISH MALHOTRA

We all aware and concious about  health. A healthy citizen contributes to the making of a healthy nation.  But above this a true line- A person can do nothing if his body and mind not healty. We professionals work hard for in many ways- 1. To learn. ...

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Category : General | Comments : 0 | Hits : 570

Posted Date : 25-Apr-2011 , 09:24:41 am | Posted By Vikas

Investors always judge a fund by the return it gives, never by the risk it took. In any historical analysis of a mutual fund, the return is remembered but the risk is quickly forgotten. So a fund manager may have used very high-risk strategies (that are bound to fail disastrously in the...

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Category : General | Comments : 0 | Hits : 3496

Posted Date : 25-Apr-2011 , 09:21:02 am | Posted By Vikas

First impressions count. And that's a fact. Moreover, if you are facing a job interview. Studies reveal that the first 5 minutes are crucial for any interview. And it is in these 5 minutes that the decision of hiring or not hiring you is made by the interviewer. How, then do you ensur...

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Category : Students Zone | Comments : 0 | Hits : 851

Posted Date : 25-Apr-2011 , 01:18:49 am | Posted By Vikas

Inappropriate Appearance Improper clothes and grooming can jeopardize an interview. Casual clothes are definitely out. Your objective should be to dress smartly and not overtly. Remember, nails should be cut, hair well groomed and shoes polished. These may seem like little thing...

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Category : Students Zone | Comments : 1 | Hits : 1196