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 : 1754

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 : 1992

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 : 314

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 : 325

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 : 1052

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 : 4456

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 : 2659

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 : 1771

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 : 1188

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 : 895

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 : 958

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 : 1304

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 : 502

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 : 523

Posted Date : 29-Jul-2013 , 01:17:40 pm | Posted By Vinay Sharma

Pre-filled Income Tax Return Forms   To simplify the procedure of efiling of income tax return, department has come up with new facilities this year, one of which is Pre-filled income tax return forms.   What is a Pre-filled I-T return form?   Pre-filled XML is a ...

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Category : Income Tax | Comments : 0 | Hits : 1160

Posted Date : 28-Jul-2013 , 12:41:39 pm | Posted By Vinay Sharma

As July 31 - the last date for filing your income tax returns - approaches, it's time to brace yourself for the annual ritual. However, this year, you will not have the luxury of simply gathering all the relevant documents and handing them over to your tax consultant. You will have to adopt a m...

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Category : Income Tax | Comments : 0 | Hits : 291

Posted Date : 28-Jul-2013 , 12:35:11 pm | Posted By Vinay Sharma

The Income Tax Return Forms from A/Y 2013-14 onwards have inserted a new column which asks – Are you governed by the Portuguese Civil Code? A screenshot of the same is shared hereunder   What is Portuguese Civil Code? The Portuguese Civil Code in India is applicable only to the s...

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Category : Income Tax | Comments : 0 | Hits : 3385

Posted Date : 27-Jul-2013 , 04:33:28 pm | Posted By Vinay Sharma

What extra CA examination demands?   CA Examination is one of the toughest professional exams in the country. It takes a few things to crack this exam: 1. A proper mindset. 2. A sharp memory. 3. Proper time management. 4. Sincere preparation with proper revision & 5. Proper pres...

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Category : Students Zone | Comments : 0 | Hits : 377

Posted Date : 26-Jul-2013 , 11:54:22 am | Posted By Vinay Sharma

Mistakes To Avoid While Filing Online Income Tax Return – 05 Days Left To File It    As human beings, we are accustomed to not act until the eleventh hour. Hence, the same behavior is reflected while filing our tax returns. 99% of the mistakes occur because we wait for 31st&...

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Category : Income Tax | Comments : 0 | Hits : 1038

Posted Date : 26-Jul-2013 , 11:47:28 am | Posted By Vinay Sharma

Additional Deduction Of Interest On Home Loan (Section 80EE)   A new section has been introduced in Budget 2013. It provides that while computing the total income of an assessee, being an individual there shall be deducted interest payable on loan taken by him from any financial institut...

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Category : Income Tax | Comments : 0 | Hits : 704