E-Assessment under I T Act
Posted Date : 12-Feb-2018 , 12:10:42 am | Posted By
Bhagyashree Jain
Electronic assessment, also known as e-assessment, online assessment, computer assisted/mediated assessment and computer-based assessment, is the use of information technology in various forms of assessment. Finance Minister, Arun Jaitley, also announced of such scheme in his budget speech on ...
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Category : Income Tax |
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registration of society by some points
Posted Date : 11-Feb-2018 , 06:26:41 pm | Posted By
Mamta Kumari
Now incorporate a society is an easy procedure by follow some points in mind:
PAN Card of all the members of the proposed society has to be submitted along with the application.
The Residence Proof of all the members of the society also has to be submitted. The following can be us...
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Category : Income Tax |
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Relaxation in IRAC norms for MSME borrowers
Posted Date : 08-Feb-2018 , 10:13:36 pm | Posted By
Mahesh Bansal
RBI as well as the government has acknowledged the difficulties faced by small entities during the transition phase to GST. It is a matter of pleasure for us that these authorities are also making all necessary efforts not to put entities in unduly disadvantageous situation.
RBI has, vide a circu...
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Category : Banking |
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Reserving a Company Name is now a Child’s Play
Posted Date : 01-Feb-2018 , 02:26:41 pm | Posted By
Kushaj Gupta
The Ministry of Corporate Affairs along with the Government of India has taken momentous efforts in restricting the tedious task of incorporation of a business in India.
In the event of the Republic Day, the government took strategic steps by bringing all the incorporation formalities under ...
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Category : Corporate Law |
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Budget#2018 In shorts
Posted Date : 01-Feb-2018 , 01:54:09 pm | Posted By
VIJAY SARATHI
Direct Taxes
No personal income tax changes proposed in budget.
Corporate tax of 25% extended to companies with turnover up to Rs. 250 crore in financial year 2016-17.
100% tax deduction is allowed to co-operative societies
Incentives for senior c...
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Category : Income Tax |
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How to spot a fake GST bill
Posted Date : 28-Jan-2018 , 07:56:36 pm | Posted By
Hardik Lashkari
GST has brought several issues for the taxpayers in form of changed bill formats and higher tax burden. Businesses are still unable to understand the details that need to be put in the invoice.
While some businesses are committing the mistakes unintentionally, others have taken this transition as a...
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Category : GST |
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E-Way Bills on Inter State Movement of Goods – A changing dynamic of GST
Posted Date : 22-Jan-2018 , 04:32:02 pm | Posted By
CA Sanjay Jain
E-Way Bills on Inter State Movement of Goods – A changing dynamic of GST Recently, the Central Government has issued notification no 74/2017,dated 29.12.2017 whereby it has fixed 1st February 2018 as the applicable date for use of E-way bills in relation to Inter State movement of good...
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Category : GST |
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Digital Payments in India
Posted Date : 18-Jan-2018 , 06:50:08 pm | Posted By
Inderjeet
After Demonetization period, substantial number of Digital Transactions increases but still in India people hesitate to do transaction in Digital payment mode. Digi Dhan and Lucky Grahak Yojana during Demonetization period motivated to do more and more and transaction in Digital mode.
Mode ...
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Category : Finance |
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Landlord’s PAN not needed to claim HRA if annual rent is below Rs 1 lakh.
Posted Date : 16-Jan-2018 , 11:10:30 am | Posted By
Atul MIshra
Landlord’s PAN not needed to claim HRA if annual rent is below Rs 1 lakh.
An employee who receives HRA can claim an exemption in respect of rental payments under section 10(13A) read with rule 2A of the Income Tax Rules. For claiming an HRA exemption, the individual must be residing in a rent...
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Category : Income Tax |
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0 | Hits : 680 |
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Mystery unloacked - Composition Scheme under GST Laws
Posted Date : 12-Jan-2018 , 06:05:30 pm | Posted By
CS Piyush Jain
A. Who can opt for Composition Scheme? • Businesses with annual turnover upto Rs 1.5 crore* can opt for composition scheme. • Turnover of all businesses with same PAN has to be added up to calculate turnover for the purpose of composition scheme. • Only Manufacturers of goods, Deal...
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Category : GST |
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Names of Audit Firms approved for appointment as CSA in 21 Public Sector Banks for 2017-18
Posted Date : 08-Jan-2018 , 10:31:55 pm | Posted By
CA.Khurana Vivek
Names of Audit Firms approved for appointment as Statutory Central Auditors in 21 Public Sector Banks for the year 2017-18
Sl. No. Name of the Bank Statutory Central Auditors for the year 2017-18
1
Allahabad Bank
1. M/s Kansal Singla & Associates, Chandigarh
...
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Category : Bank Branch Audit |
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Norms on eligibility, empanelment and selection of Statutory Central Auditors in Public Sector Banks from the year 2017-18 and onwards
Posted Date : 08-Jan-2018 , 10:28:11 pm | Posted By
CA.Khurana Vivek
i) The audit firm shall have a minimum of 7 full time chartered accountants, of which at least 5 should be full time partners exclusively associated* with the firm. Of these five full time exclusively associated* partners, one each should have minimum continuous association with the firm at least fo...
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Category : Bank Branch Audit |
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0 | Hits : 2729 |
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How to Pass in CA Examinations
Posted Date : 06-Jan-2018 , 11:22:31 am | Posted By
Sanket Garg
Passing CA Exam and becoming CA is the dream of every CA Student. The Dream is not only of student but it is of many more associated with him/her like Parents, Relatives, Friends, Teachers, Neighbors, GF, BF, Spouse and Rivals too (Rivals prey for their failure). For fulfilling this dream Students d...
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Category : Students Zone |
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CAPITAL GAIN TAXES IN INDIA
Posted Date : 02-Jan-2018 , 03:07:47 pm | Posted By
Poojamittal
CAPITAL GAIN TAX IN INDIA
CAPITAL ASSETS
A capital asset is defined to include property of any kind held by an assessee, whether connected with their business or profession or not connected with their business or profession. It includes all kinds of property, movable or immovable, tangible or int...
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Category : Income Tax |
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E-Way Bill under GST In Rajasthan With Practical Examples
Posted Date : 31-Dec-2017 , 04:44:18 pm | Posted By
Vikas Modi
E-WAY bill is required to generate when value of goods in a vehicle exceeds Rs. 50,000/- for transportation outside the state.
E-WAY bill should be generated if goods move for following reasons:
Supply;
For Reason Other Than Supply;
Due to inward supply from Unregistered Person.
If ...
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Category : GST |
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Goods Transport Agency Taxability under GST
Posted Date : 25-Dec-2017 , 06:06:04 pm | Posted By
NITIN SHARMA
Services by way of transportation of goods by road except the services of i) a Goods Transport Agency ii) a courier agency are exempt from GST. To qualify as services of GTA, the GTA should be necessarily issuing consignment note. Moreover, in cases where the ...
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Category : GST |
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CONDONATION OF DELAY SCHEME, 2018
Posted Date : 22-Dec-2017 , 01:36:33 pm | Posted By
CS Piyush Jain
All companies registered in India including private limited company, one person company, limited company, section 8 company and others are required to file annual return with the Ministry of Corporate Affairs each year.
Under the new Companies Act, 2013, Directors of Companies which have defa...
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Category : Corporate Law |
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Section 195 - TDS on Non-resident payments
Posted Date : 20-Dec-2017 , 12:46:53 pm | Posted By
Pooja Mittal
Section 195 of Income Tax Act 1961
Section 195 of the Income Tax Act is a section that covers the TDS on Non-resident payments. This section identifies the tax rates and deductions on business transaction with a non-resident from a day –to-day basis.
Under Section 195, the income is cha...
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Category : Income Tax |
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0 | Hits : 1426 |
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Why MBAs make better chief executives than CAs
Posted Date : 17-Dec-2017 , 11:11:17 am | Posted By
May I Help You.
MBAs have an edge over chartered accountants (CAs) in India Inc’s CEO club as companies go global, requiring skills beyond financial management. While the chartered accountant (CA) certification was earlier considered a robust qualification for the CEO’s post, the number of CAs at the t...
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Category : Chartered Accountant |
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Deferred payment of customs duty for AEO-T2 & AEO-T3 holder and benifits of AEO certification
Posted Date : 13-Dec-2017 , 03:24:48 pm | Posted By
Rajnish Kumar
## What is deferred duty payment under customs? Deferred duty scheme allow payment of customs duty post clearance of goods which obviate the need of payment of duty at the time of clearance of the goods,importers certified under Authorized Economic Operator programme as AEO (Tier-Two) and AEO (Tier-...
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Category : Custom |
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