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 : 525

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 : 495

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 : 516

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 : 1016

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 : 843

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 : 296

Posted Date : 05-Aug-2013 , 01:24:38 pm | Posted By Vinay Sharma

A lot of people miss the deadline every year due to lack of time or plain laziness. Did you miss it too? In case you have, do not worry, you can still file a belated return. As a tax payer, you are likely to fall under one of these four categories. The associated rules and implications are outlined ...

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Category : Income Tax | Comments : 2 | Hits : 1783

Posted Date : 04-Aug-2013 , 07:44:15 pm | Posted By Vinay Sharma

Every person carrying on the Legal, Medical, Engineering, Accountancy or Interior Decoration or any other profession as notified by CENTRAL BOARD OF DIRECT TAXES (CBDT) are required to maintain such books of accounts & other documents as may enable the Assessing Officer to compute Assessee&rsquo...

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Category : Income Tax | Comments : 0 | Hits : 2111

Posted Date : 04-Aug-2013 , 02:43:12 am | Posted By Vinay Sharma

All Details About Tax Credit Of Rs.2,000/- You May Need. Tax credit of Rs 2,000 for persons with income up to Rs 5 lakh As per the existing slabs, tax on income from 2 lakh to 5 lakh is at 10 per cent, up to Rs 10 lakh at 20 per cent and above 10 lakh at 30 per cent. From Financial year 2...

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Category : Income Tax | Comments : 0 | Hits : 345

Posted Date : 03-Aug-2013 , 07:36:09 pm | Posted By Vinay Sharma

Venue & Time Schedule of Orientation and Campus Placement Programme Aug-Sept 2013 Centre Office Contact Details Orientation Programme Venue and Time Detail Written Test( if any) Venue and Time Detail Interview Venue and Time Detail(10:00am-6:00pm) ...

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Category : Students Zone | Comments : 0 | Hits : 358

Posted Date : 03-Aug-2013 , 07:11:14 pm | Posted By Vinay Sharma

Procedure for availing the VCES scheme ♦   Step 1     If the declarant is not registered, then he is first required to get himself registered and then apply for this scheme. ♦   Step 2     ...

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Category : Service Tax | Comments : 0 | Hits : 1083

Posted Date : 02-Aug-2013 , 07:42:43 pm | Posted By Vinay Sharma

Self Preparation Tips For IPCC November 2013 – Group 2     PAPER V ADVANCED ACCOUNTING This paper is the most easy in the second group and a scoring one Practice is essential thing for success in this paper This paper can be divided into four parts Accounting Standards(40%) Com...

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Category : Students Zone | Comments : 0 | Hits : 4495

Posted Date : 02-Aug-2013 , 07:41:53 pm | Posted By Vinay Sharma

Self Preparation Tips For IPCC November 2013 – Group 1   PAPER I ACCOUNTING Accounting is the core subject of the whole course of study. To prepare for IPCC Paper I Accounting you should have above avg or average knowledge in CPT Accounts as without this you can’t understand wha...

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Category : Students Zone | Comments : 0 | Hits : 2689

Posted Date : 01-Aug-2013 , 04:25:58 pm | Posted By CA GOURAV MURARKA

Form 15G/H is a type of declaration to be filed by an individual/a person not being a company or the firm in order to receive certain payments Like dividends, interest on securities, interest other than interest on securities, national saving schemes, interest on units without deduction of tax at so...

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Category : Income Tax | Comments : 1 | Hits : 1812

Posted Date : 31-Jul-2013 , 12:32:39 pm | Posted By Vinay Sharma

How to Get Your Pending Income Tax Refund   Delays in income tax refunds, even after the stipulated number of months, are faced by many tax payers. Running from pillar to post at the income tax office, having to deal with impolite income tax officials become a part of the ordeal. At such time...

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Category : Income Tax | Comments : 0 | Hits : 1234

Posted Date : 31-Jul-2013 , 11:55:23 am | Posted By Vinay Sharma

Little-known tax deductions you might have missed while filing returns   Paying more tax than is due is bad enough. It's worse if you don't even know you have overpaid and are eligible for a refund. Many youngsters are not conversant with tax rules and fail to fully utilise the deductions ava...

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Category : Income Tax | Comments : 0 | Hits : 925

Posted Date : 30-Jul-2013 , 01:24:05 pm | Posted By Vinay Sharma

How Facebook Can Hurt Your Job Search Are you revealing more than you should on one of the most popular online social networking sites? Facebook has become so much a part of how we stay connected that some of us are forgetting that those connections often extend well beyond our anticipated audie...

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Category : General | Comments : 0 | Hits : 991

Posted Date : 30-Jul-2013 , 12:54:36 pm | Posted By Vinay Sharma

It is very important to verify certain details before you finally sit down to prepare the returns. There are certain things which you should do before the due date even if you are not filling your returns this July.   Verify the following documents:   Form 16    Have a clos...

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Category : Income Tax | Comments : 0 | Hits : 1355

Posted Date : 30-Jul-2013 , 12:52:39 pm | Posted By Vinay Sharma

Stock Split & it’s Tax Implications    As stock market investors, we are beneficiaries to various corporate actions like bonus, rights and stock splits. These corporate actions are accompanied by stock price movements in short and long run affecting capital gains when...

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Category : General | Comments : 0 | Hits : 568

Posted Date : 29-Jul-2013 , 05:38:20 pm | Posted By Vimmi

Filing of income tax returns is no rocket science, thanks to e-filing options available out there. And you must already know that 31 July is the deadline to file your returns for 2012-13. But what if you are a non-resident Indian (NRI) or a person of Indian origin (PIO), does the 31 July deadline ap...

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Category : Income Tax | Comments : 0 | Hits : 555