Posted Date : 23-Aug-2013 , 01:12:16 pm | Posted By CA GOURAV MURARKA

TDS under income tax is main source of tax collection by the Government. However many times the tax Deductors ,after deducting TDS from specified payments, are deliberately not depositing the taxes so deducted in Government account and continue to deploy the funds so retained for business purposes o...

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Category : Income Tax | Comments : 0 | Hits : 1104

Posted Date : 23-Aug-2013 , 09:28:28 am | Posted By Gaurav Dhamija

WHAT YOUR HANDWRITING MEANSIf letters slant to the left: Indicates introspection and a lot of emotional control. If letter slant to the right: Reveals a person who’s outgoing, friendly, impulsive, and emotionally open. If letters are straight up and down: The sign of someone who&rsqu...

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Category : General | Comments : 0 | Hits : 1306

Posted Date : 19-Aug-2013 , 01:31:40 pm | Posted By CA GOURAV MURARKA

APPOINTMENT OF AUDITOR: Every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting and thereafter till the conclusion of every sixth meeting....

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Category : Corporate Law | Comments : 1 | Hits : 1425

Posted Date : 18-Aug-2013 , 12:51:25 am | Posted By Vinay Sharma

It is said that the only sure things are death and taxes, but even death doesn’t save a person from having to pay taxes. Taxpayers are required to file an income tax return as per the law for any year in which a filing requirement exists.   Return filing for all assesses is necessar...

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Category : Income Tax | Comments : 0 | Hits : 2925

Posted Date : 17-Aug-2013 , 05:25:55 pm | Posted By CA GOURAV MURARKA

PROCESS FOR CLAIMING EPF ONLINE: EPFO would introduce a new system to facilitate online submission of transfer claims by Members with an objective to make the transfer process transparent, efficient and comfortable for your employees. A member has an option to submit his claim either through his pre...

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Category : General | Comments : 0 | Hits : 618

Posted Date : 16-Aug-2013 , 02:00:23 pm | Posted By Vinay Sharma

The HUF concept is not new in India, and is one of the best ways to save tax. Any married man from the Hindu, Jain, Sikh, or Buddhist community can form an HUF, and will act as the “Karta” or the head of this family. According to Indian law, an HUF will be considered as a separate entity...

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Category : Income Tax | Comments : 1 | Hits : 1781

Posted Date : 16-Aug-2013 , 01:54:24 pm | Posted By Vinay Sharma

“Bhaag Milkha Bhaag” a successful biopic film of the year has taught many things to the viewers. We need to give some time and thought to understand inspiration, motivation and messages movie is conveying to its audience. After watching this movie, I jotted down my thoughts to frame this...

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Category : Income Tax | Comments : 9 | Hits : 2325

Posted Date : 16-Aug-2013 , 10:53:25 am | Posted By Manjit Banga

There is no doubt in stating that a company secretary is one of the most important people in an organization. A company secretary ensures that the company which he/she is working in complies with all the applicable laws and acts in accordance with the regulatory authorities. A CS is a person who...

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Category : Students Zone | Comments : 0 | Hits : 501

Posted Date : 14-Aug-2013 , 01:59:48 pm | Posted By Vinay Sharma

The permanent account number (PAN) has to be quoted in the income tax returns and for various financial transactions, such as investments, and purchase/sale of property. As such it should be updated at all times. In case of an error in the photo or signature mismatch, the holder must ensure that a n...

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Category : Income Tax | Comments : 0 | Hits : 1655

Posted Date : 14-Aug-2013 , 01:56:14 pm | Posted By Vinay Sharma

Remembering Technique For 21 Points Of "CARO"      " IF CCD IS FILLED GRAB SPECIAL (SPL) TEA (T)" I - INVETORIES F - FIXED ASSETS C - COST ACCUNTING RECORDS C - CHIT FUNDS D - DEPOSIT  I - INTERNAL CONTROL S - STATUTARY DUES F - FRAUD I - INTERNAL AUDIT L - LOAN TO/FROM DI...

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Category : Students Zone | Comments : 0 | Hits : 1077

Posted Date : 13-Aug-2013 , 02:41:25 pm | Posted By Vinay Sharma

Important Topics – [CA-IPCC – Group 1 : November 2013 Exams] - Top 5 Chapters     For those who are preparing for IPC November 2013, take a look at the article which can help you in studies. Sharing an article with some important areas of syllabus alongwith tips and rec...

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Category : Students Zone | Comments : 0 | Hits : 12706

Posted Date : 13-Aug-2013 , 02:39:15 pm | Posted By Vinay Sharma

Important Topics – [CA-IPCC – Group 2 : November 2013 Exams] - Top 5 Chapters     GROUP 2   PAPER 5 ADVANCED ACCOUNTING 1.    AS 2.    Insurance companies’ financial statement 3. ...

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Category : Students Zone | Comments : 0 | Hits : 8273

Posted Date : 11-Aug-2013 , 02:04:44 pm | Posted By Vinay Sharma

Pyaar Ka Punchnama Returns (In Office) Dedicated to all Article Assistants: whats the Problem ? problem ye hai ki wo boss hai aur main article, Problem ye hai ki main chahta hu ki meri life mein koi problem hi na ho, lekin agar meri life mein koi problem na ho to ye uski life sabse badi probl...

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Category : General | Comments : 2 | Hits : 1051

Posted Date : 10-Aug-2013 , 12:38:27 pm | Posted By Vinay Sharma

A corporate entity in India is governed by provisions of The Companies Act 1956 (The Act). The Act permits primarily two kinds of Companies –   a) Private limited Company b) Public limited Company   Both are companies with limited liabilities; owned by shareholders & gove...

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Category : Corporate Law | Comments : 0 | Hits : 1292

Posted Date : 10-Aug-2013 , 12:18:40 pm | Posted By Vinay Sharma

know All About Provident Funds     Under Income Tax Act, 1961, contribution by employer and employee to the provident fund account enjoys certain tax benefits and some are taxable as well.   Provident Funds provides a compulsory contribution for the future of an employee aft...

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Category : Income Tax | Comments : 0 | Hits : 430

Posted Date : 09-Aug-2013 , 11:41:06 am | Posted By Vinay Sharma

Important Features Of The Companies Bill, 2012   The Parliament has passed the historic Companies Bill 2012, moved by Shri Sachin Pilot, Minister of Corporate Affairs. The Bill was passed by the Rajya Sabha here today which had already been passed by the Lok Sabha many months ago (in December...

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Category : Corporate Law | Comments : 0 | Hits : 460

Posted Date : 09-Aug-2013 , 09:47:01 am | Posted By NIKHIL GUPTA

Overview of TDS TDS is one of the modes of collection of taxes, by which a certain percentage of amounts are deducted by a person at the time of making/crediting certain specific nature of payment to the other person and deducted amount is remitted to the Government account. It is similar to "pay a...

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Category : General | Comments : 0 | Hits : 483

Posted Date : 08-Aug-2013 , 12:13:29 pm | Posted By Vinay Sharma

At the time of entering into certain specified transactions, PAN Card No. is mandatorily required to be submitted. In case a person does not have a PAN Card No., he can submit a declaration in Form 60/Form 61.   Transactions where PAN No is mandatorily required to be furnished   As per...

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Category : Income Tax | Comments : 1 | Hits : 886

Posted Date : 07-Aug-2013 , 11:49:31 am | Posted By Vinay Sharma

List of Cases / Returns Which will be Compulsorily Scrutinized by Income Tax   The following categories of cases/returns shall be compulsorily scrutinized:— (a)   Cases where value of international transaction as defined u/s 92B of IT Act exceeds Rs. 15 crore...

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Category : Income Tax | Comments : 0 | Hits : 814

Posted Date : 05-Aug-2013 , 01:34:28 pm | Posted By Vinay Sharma

How Smoking Can Affect Your Insurance Policy Wherever we go either for movie, railways, airport we find it’s written Smoking is injurious to health, even it’s written on the pack of cigarette. According to survey the consumption of Tobacco in India is increasing at a high rate, today...

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Category : General | Comments : 0 | Hits : 264