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...

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Category : Income Tax | Comments : 0 | Hits : 1073

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...

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Category : Income Tax | Comments : 0 | Hits : 250

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...

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Category : Excise | Comments : 0 | Hits : 510

Posted Date : 31-Dec-2013 , 12:31:24 pm | Posted By Dulichand Kushwaha

In that first hardly noticed moment in which you wake, coming back to this life from the other more secret, moveable and frighteningly honest world where everything began, there is a small opening into the new day which closes the moment you begin your plans. What you can plan is too small f...

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Category : General | Comments : 0 | Hits : 211

Posted Date : 31-Dec-2013 , 12:28:14 pm | Posted By Dulichand Kushwaha

Friends, क्या आपने ध्यान दिया है कि जब कोई strong belief टूटती है तो फिर...

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Category : General | Comments : 0 | Hits : 256

Posted Date : 31-Dec-2013 , 12:24:15 pm | Posted By Dulichand Kushwaha

2013 की आखिरी पोस्ट में मैं इस साल की तीन ऐसी घटनाओ का जì...

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Category : General | Comments : 0 | Hits : 286

Posted Date : 31-Dec-2013 , 11:18:19 am | Posted By Surendra Kumar Dash

Paper wise exemption to Cost Accountants:  A candidate who has passed the Final examination of the Institute of Cost Accountants of India, shall be  exempted from the following papers of the CS  Executive / Professional Programmes :     Executive Programm...

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Category : Students Zone | Comments : 0 | Hits : 258

Posted Date : 30-Dec-2013 , 01:08:36 pm | Posted By Surendra Kumar Dash

REBATE TO INDIVIDUAL TAX PAYER W.E.F. 01.04.2013       As per the Central Finance Budget 2013, a new Income Tax Section has introduce under section 87A, where can get relief as well as Rebate Maximum Rs. 2,000/- who’s taxable income up to 5,00,000/-....

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Category : Income Tax | Comments : 0 | Hits : 362

Posted Date : 28-Dec-2013 , 11:04:09 am | Posted By Dulichand Kushwaha

As the financial year comes to an end, it is time to start planning your tax saving strategies. A house can also be used to reduce the tax liability to a certain extent. Under Section 24 of the Income Tax Act, interest paid up to Rs 1.5 lakhs per annum on a home loan can be set-off from sa...

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Category : Income Tax | Comments : 0 | Hits : 277

Posted Date : 28-Dec-2013 , 10:59:58 am | Posted By Dulichand Kushwaha

What is Cost Inflation Index (CII)?   It is a measure of inflation that finds application in tax law, when computing long-term capital gains on sale of assets. Section 48 of the Income-Tax Act defines the index as what is notified by the Central Government every year, having regard ...

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Category : Income Tax | Comments : 0 | Hits : 490

Posted Date : 28-Dec-2013 , 10:58:24 am | Posted By Dulichand Kushwaha

Employees generally receive a house rent allowance (HRA) from their employers. This is a part of the salary package, in accordance with the terms and conditions of employment. HRA is given to meet the cost of a rented house taken by the employee for his stay.The Income Tax Act allows for d...

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Category : Income Tax | Comments : 1 | Hits : 989

Posted Date : 28-Dec-2013 , 10:57:26 am | Posted By Dulichand Kushwaha

The intent behind this write-up is to discuss the intricacies of several seemingly inconsistent judgements which have made the matter of availing trade discount a discounting issue in itself.   Though the VAT provisions are similar at large across the states, there are var...

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Category : GST | Comments : 0 | Hits : 398

Posted Date : 27-Dec-2013 , 02:43:54 pm | Posted By Dulichand Kushwaha

Provident Fund scheme was started by few concerns even before the enactment of the act. The government in 1952 framed this act for the benefit and welfare of the employees. This act is applicable to employees drawing pay not more than Rs. 6,500 pm but at the time of registration the same employee pa...

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Category : General | Comments : 0 | Hits : 699

Posted Date : 27-Dec-2013 , 02:16:02 pm | Posted By Dulichand Kushwaha

Traditionally banks in India have four types of deposit accounts, namely Current Accounts, Saving Banking Accounts, Recurring Deposits and, Fixed Deposits.   However, in recent years, due to ever increasing competition, some banks have introduced new products, which combine the features of...

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Category : Banking | Comments : 0 | Hits : 609

Posted Date : 27-Dec-2013 , 11:46:58 am | Posted By Dulichand Kushwaha

मित्रों, विख्यात रूसी साहित्यकार “टालस्टाय” अपनी...

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Category : General | Comments : 0 | Hits : 548

Posted Date : 26-Dec-2013 , 12:27:46 pm | Posted By RAHUL SATIJA

Expenses or Payments disallowed under section 40A (2) The provision of section 40A(2)(a) disallows the expenditure incurred towards payment made or to be made to a person (related party) to the extent such expenditure is excessive or unreasonable having regard to the fair market value of goods, s...

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Category : Income Tax | Comments : 0 | Hits : 850

Posted Date : 26-Dec-2013 , 11:52:21 am | Posted By Dulichand Kushwaha

Importance of Education in Society Education, if looked at beyond its conventional boundaries, forms the very essence of all our actions. What we do is what we know and have learned, either through instructions or through observation and assimilation. When we are not making an effort to learn, ...

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Category : General | Comments : 0 | Hits : 307

Posted Date : 25-Dec-2013 , 01:25:22 pm | Posted By CA GOURAV MURARKA

Correct your E-tds return online on tdscpc.gov.in-traces website:   Good news for all deductors , TDSCPC (traces) website has enabled the online correction of tds returns on its website . This is a welcome step taken by Income tax department. Deductors can correct their e-tds return filed ear...

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Category : Income Tax | Comments : 1 | Hits : 1572

Posted Date : 20-Dec-2013 , 12:08:28 pm | Posted By Shilpi

Why marriages are not made in heaven!!!   I used to hear that marriages are made in heaven, from my grand -parents and parents. Life partners understand the imperfections of each other and fulfil the gaps in their partner’s personalities. Marriage is not only about accepting the goods o...

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Category : General | Comments : 1 | Hits : 1041

Posted Date : 18-Dec-2013 , 06:26:49 pm | Posted By Shilpi

According to Velasquez et., al (2010), the meaning of ethics is quiet difficult to pen down, and people have different views on what ethics is. What appears to be ethical to one may not be necessarily ethical for another. Velasquez et, al also mentioned that being ethical is not same as following an...

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Category : General | Comments : 1 | Hits : 396