Understanding Government Budget Deficits
Posted Date : 11-Jan-2014 , 02:01:09 pm | Posted By
Surbhi Singhal
In recent times, various forms of budget deficit have been in news due to different reasons, primarily how they are haunting the Indian economy. Most of us know that they are a problem for the economy, but do not know what they actually me...
Continue Reading...
Category : General |
Comments :
0 | Hits : 174 |
 |
ISSUES RELATED TO MANAGERIAL REMUNERATION (Companies Act, 2013)
Posted Date : 10-Jan-2014 , 06:51:30 pm | Posted By
Dulichand Kushwaha
CALCULATION OF PROFIT (SECTION 198):
In computing the net profit of a company in any financial year credit shall be given for:
(a) bounties; and
(b) subsidies received from any Government;
received from any government or public authorities un...
Continue Reading...
Category : Corporate Law |
Comments :
2 | Hits : 632 |
|
REMOVAL OF NAME OF COMPANIES (Companies Act 2013)
Posted Date : 10-Jan-2014 , 06:48:54 pm | Posted By
Dulichand Kushwaha
Life always started to death. Company can be created and wind up. Sometimes, Idea of a company conceives, but fail to take life.
POWER OF REGISTRAR TO REMOVE NAME (SECTION 248):
Notice for Removal of Name by the Registrar:
The Registrar may send a notice to the company and all its director ...
Continue Reading...
Category : Corporate Law |
Comments :
0 | Hits : 690 |
|
FOREIGN COMPANIES: CAPITAL AND OTHER MATTERS (Companies Act, 2013)
Posted Date : 10-Jan-2014 , 06:46:28 pm | Posted By
Dulichand Kushwaha
PROSPECTUS OF FOREIGN COMPANY (SECTION 387):
This provision is applicable to foreign companies, and there is no difference whether the company has or has not established or when formed will or will not establish a place of business in India. No person shall issue, circulate or distribute in...
Continue Reading...
Category : Corporate Law |
Comments :
0 | Hits : 250 |
|
Basel III Accord - Basel 3 Norms
Posted Date : 10-Jan-2014 , 06:27:56 pm | Posted By
Dulichand Kushwaha
What is Basel iii or What is Basel 3 Accord or Meaning and Definition of Basel III Accord:-
Basel III or Basel 3 released in December, 2010 is the third in the series of Basel Accords. These accords deal with risk management aspects for the banking sector. In a n...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 794 |
|
EXEMPTIONS FROM SALARY
Posted Date : 10-Jan-2014 , 08:50:06 am | Posted By
Surendra Kumar Dash
Section 10 of the I.T. Act provides for certain categories of payments to be exempt from taxation, either wholly or partly. Such payments are not to be included under the head ‘salary’ for computing the tax deductible. Some of these are listed below and are discussed in detail in Chapter...
Continue Reading...
Category : Income Tax |
Comments :
1 | Hits : 885 |
|
Steps to Start a Sole Proprietorship
Posted Date : 09-Jan-2014 , 09:31:30 pm | Posted By
Surendra Kumar Dash
Steps to Start a Sole Proprietorship
Starting a sole proprietorship is very simple as compare to other form of companies.
Unlike to LLP or any other private or public companies; in sole proprietorship you do not need to file an application to ROC.
If we consider ...
Continue Reading...
Category : Corporate Law |
Comments :
0 | Hits : 763 |
|
No addition can be made u/s 68 in respect of cash deposited in bank a/c out of earlier cash withdrawals.
Posted Date : 07-Jan-2014 , 11:20:23 pm | Posted By
Ankur Agarwal
AO made an addition u/s 68 in respect of cash deposited in bank account considering it to be unexplained. Hon’ble ITAT observed that the assessee had received sale proceeds of shares of ONGC on two occasions which were deposited in a bank account.
On the very next of the said sale pr...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 643 |
|
Important Contacts for CA Students while dealing with various matters with ICAI
Posted Date : 07-Jan-2014 , 04:52:06 pm | Posted By
Vimmi
1. Overall In-charge - Shri H. K. Jain, Deputy Secretary, 011- 30210654, 9350799941, email: hkjain@icai.in
2. CPT Registration - Mr. S.K. Vaid Assistant Secretary 0210624 30210627 nrobos@icai.in, nrobos@icai.org
3. IPCC Registration - Ms. Sunita Assist...
Continue Reading...
Category : Students Zone |
Comments :
0 | Hits : 2653 |
|
SECTION 194C (IMPORTANT)
Posted Date : 07-Jan-2014 , 12:31:13 pm | Posted By
Surendra Kumar Dash
TDS on Contracts (Sec 194C):
When is it Applicable? (Applicability)
· Any Person who is responsible to pay sum of amount to a Resident Contractor for carrying out any sort of work which is in the nature of Contract,
&middo...
Continue Reading...
Category : Income Tax |
Comments :
1 | Hits : 1332 |
|
5 Reasons why you should Invest through the SIP Route
Posted Date : 07-Jan-2014 , 10:38:05 am | Posted By
Surbhi Singhal
A Systematic Investment Plan or SIP, as it is popularly known, is a vehicle offered by Mutual Funds to help investors save regularly by committing a fixed amount of investment in a scheme periodically, normally a month. The units a...
Continue Reading...
Category : Finance |
Comments :
1 | Hits : 456 |
|
Basic Concepts of Service Tax
Posted Date : 05-Jan-2014 , 05:13:40 pm | Posted By
Rohit
BASIC CONCEPTS OF SERVICE TAX
Service tax in India
The Tax Reforms Committee headed by Dr. Raja J. Chelliah recommended imposition of “Service Tax” on selected services.
On these recommendations, Dr. Manmohan Singh, the then Union Finance Minister, in his Budget speech...
Continue Reading...
Category : Service Tax |
Comments :
0 | Hits : 1441 |
|
NOKIA CASE
Posted Date : 05-Jan-2014 , 08:27:54 am | Posted By
Surendra Kumar Dash
NOKIA TAX CASE
The Income Tax department on Friday moved the Delhi High Court seeking "directions/clarifications" of the December 12 order by which the assets of mobile phone handset maker Nokia in India were defreezed.
A bench, headed by Justice S Ravindra Bhat, posted the plea ...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 343 |
|
DEDUCTION U/S 80D FOR INDIVIDUALS AND HUF
Posted Date : 04-Jan-2014 , 11:34:42 am | Posted By
CA Ramesh K Chhajer
Deduction in respect of Medical Insurance Premium (Mediclaim) paid to keep in force insurance by individual either on his own health or on the health of spouse, dependent parents and children or HUF on the health of any members of the family. A Mediclaim policy is a must because should you fall sick...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 348 |
|
Taxpayers did not get incometax refunds ? how you can tackle a delay in tax refunds
Posted Date : 03-Jan-2014 , 09:54:17 pm | Posted By
Vimmi
Many taxpayers, who have filed their returns and sent across their verification form in June or July, usually get the acknowledgement and refunds around this time of the year. However, quite often, many taxpayers complain that they did not get the intimation of the receipt of their ITR-V (verificati...
Continue Reading...
Category : Income Tax |
Comments :
1 | Hits : 1178 |
|
Type of Banks & List of Banks in India
Posted Date : 03-Jan-2014 , 09:40:47 pm | Posted By
Vimmi
RBI (Reserve Bank of India)
The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.The Central Office of the Reserve Bank was initially established in Calcutta but was permanently ...
Continue Reading...
Category : Banking |
Comments :
1 | Hits : 1893 |
|
Investing in Mutual Funds and its Tax Implications
Posted Date : 02-Jan-2014 , 01:26:15 pm | Posted By
Surbhi Singhal
Hello readers. Greetings of the season!
As the New Year has arrived, some of us have resolved to indulge in disciplined financial planning in an effort to achieve our financial ...
Continue Reading...
Category : Finance |
Comments :
0 | Hits : 536 |
|
How to Start Your Own Ngo in India
Posted Date : 01-Jan-2014 , 01:25:36 pm | Posted By
Dulichand Kushwaha
So many people want to quit their high profile jobs and turn to social work! If you are one of them, you should know that setting up an organization, such as an NGO, in India is no easy task. But if you’re determined, there’s help at hand.
NGOs are organizations that usually w...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 1042 |
|
NRI's guide to renting out property in India
Posted Date : 31-Dec-2013 , 04:29:35 pm | Posted By
Dulichand Kushwaha
Property is a favourite Indian asset class and one of the main reasons for this is its ability to generate regular cashflows through rent. In this column, we will look at the various aspects involved when an NRI rents out a property in India. The definition of NRI for the purposes of repatriation wi...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 207 |
|
E-payment must for excise, service tax of Rs 1 lakh
Posted Date : 31-Dec-2013 , 04:21:43 pm | Posted By
Dulichand Kushwaha
Assessees paying excise duty and service tax of Rs 1 lakh will have to mandatorily pay the levies electronically with effect from January.
The earlier ceiling for mandatory e-filing was Rs 10 lakh.
"From January 1, 2014, a manufacturer or a Service Tax payer who has pa...
Continue Reading...
Category : Excise |
Comments :
0 | Hits : 497 |
|
|
