Posted Date : 20-Jun-2013 , 03:20:19 pm | Posted By Gaurav Dhamija

Dear Members/ Students,    As a part of the continuous enhancement to online services, ICAI will be issuing you legally valid Digital Certificates. This will enable you to carry your transactions (e-mail and web based services) under the jurisdiction of The Institute of ...

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Category : General | Comments : 0 | Hits : 256

Posted Date : 20-Jun-2013 , 02:40:35 pm | Posted By Vikash Kumar Jha

Legal Requirements for Formation of A Hindu Undivided Family (HUF) :- 1) CAPITAL & MEMBERS : – For A HUF to be created , major requirements are the capital and persons. Capital can be in the form of ancestral property, assets gifted by relatives and friends, or received by the HUF thro...

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Category : Corporate Law | Comments : 0 | Hits : 407

Posted Date : 18-Jun-2013 , 12:02:36 pm | Posted By Gaurav Dhamija

Registration Under DVAT Act Compulsory, if: - ·         Your turnover in the current year exceeds Rs. 10 lakhs (manufacturer, traders, works contractor, hire-purchase business etc.) ; or ·         You ...

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Category : Income Tax | Comments : 2 | Hits : 870

Posted Date : 17-Jun-2013 , 07:01:14 pm | Posted By Gaurav Dhamija

  The Institute of Company Secretaries of India (ICSI) has been constituted under an Act of Parliament i.e., the Company Secretaries Act, 1980 (Act No.56 of 1980) to develop and regulate the profession of Company Secretaries. The ICSI functions under the jurisdiction of Ministry of Corporate A...

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Category : Students Zone | Comments : 0 | Hits : 731

Posted Date : 17-Jun-2013 , 06:58:49 pm | Posted By Gaurav Dhamija

The Institute of Chartered Accountants of India has finally issued guidelines for conversion of CA firms into LLPs and constitution of separate LLPs by the practicing Chartered Accountants in the decision dated 14 July, 2011, which are applicable for conversion of CA firms into LLPs or formation of ...

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Category : Corporate Law | Comments : 0 | Hits : 473

Posted Date : 17-Jun-2013 , 04:28:24 pm | Posted By Manjit Banga

The demand of Company Secretary course in India is increasing at a very rapid rate. It is mainly because of increasing awareness among the students about this course. Earlier it had not been that widespread as compared to modern times. More and more students are opting for this course as they have r...

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Category : Students Zone | Comments : 0 | Hits : 289

Posted Date : 16-Jun-2013 , 02:13:39 pm | Posted By Vinay Sharma

File Your Roc Returns Before You Get Notice From MCA   File Your ROC Returns Before You Get Notice from MCA. Recently Ministry of Corporate Affairs (MCA) is inquiring by sending notices to companies, as to  whether a company is still continuing its business operation or not.&nbs...

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Category : Corporate Law | Comments : 0 | Hits : 890

Posted Date : 16-Jun-2013 , 02:07:11 pm | Posted By Vinay Sharma

Tax Benefits Which NRI Can Claim Under Section 80C   Can an NRI claim Tax benefit under section 80C? Tax Benefits which NRI can claim under section 80C – A non-resident Indian (NRI) is a citizen of India who holds an Indian passport and has temporarily emig...

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Category : Income Tax | Comments : 0 | Hits : 401

Posted Date : 16-Jun-2013 , 01:31:50 pm | Posted By Vinay Sharma

Popular ways of earning Tax Free Income   1. Interest on Savings Bank Account A deduction of Rs. 10,000 is allowed for Interest earned under Section 80TTA. This new deduction was introduced by the Finance Minister in Budget 2012 and this is applicable from 1st April 2012. Although, the Inte...

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Category : Income Tax | Comments : 1 | Hits : 1236

Posted Date : 16-Jun-2013 , 01:24:59 pm | Posted By Vinay Sharma

 Step by Step Process of Filing Income Tax Return   How To e-File What is eFiling?  The process of electronically filing Income tax returns through the· internet is known as e-filing.  e-Filing of Returns/Forms is mandatory for :- All persons having ...

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Category : Income Tax | Comments : 0 | Hits : 1242

Posted Date : 16-Jun-2013 , 09:09:46 am | Posted By Vimmi

As we all know MCA has increasedadditional fee to be levied for delays in filing Forms other than Form 5 wef 05.12.2010 vide General Circular No: 4/2010, Dated the 22nd November, 2010.   Rate of Additional Fees for delay in Filing of ROC forms is as follows :-   Period ...

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Category : Corporate Law | Comments : 1 | Hits : 3321

Posted Date : 12-Jun-2013 , 06:51:02 pm | Posted By Manjit Banga

For all those who are still confused about the difference between a company secretary and a chartered accountant: this article would help you in understanding the difference. Many people often get puzzled when they hear about these two terms. Well, a layman would not exactly know the difference unle...

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Category : Students Zone | Comments : 0 | Hits : 812

Posted Date : 12-Jun-2013 , 04:06:38 pm | Posted By PAWAN JAJOO

  Recent MVAT Amendments/Changes 2013         The Schedules A,B,C,D appended to Maharashtra Value Added Tax Act, 2002 are amended with effect from 01-04-2013. Further , certain notifications are also amended. These amendments are briefly disc...

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Category : VAT | Comments : 0 | Hits : 761

Posted Date : 12-Jun-2013 , 02:52:53 pm | Posted By Vikash Kumar Jha

The Points to be Considered in Taxation of LLPs are as under:  -          Profits will be tax in the hands of LLP and not in the hands of partners. -          Remuneration to partners will be taxed ...

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Category : Income Tax | Comments : 0 | Hits : 1039

Posted Date : 11-Jun-2013 , 05:33:17 pm | Posted By Gaurav Dhamija

  Form of application Settlement Commission - Form of application for settlement of a case under section 32E   GAR 7 Challan (Front  ||Reverse) G.A.R.-7 Proforma for Central Excise Tax Payments (Receipt & Payment Rules 26) FORM A-1 New Central Exc...

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Category : Service Tax | Comments : 0 | Hits : 297

Posted Date : 11-Jun-2013 , 05:30:05 pm | Posted By Gaurav Dhamija

  Form  Index Title  A1-ACU Payment through Asian Clearing Union (Imports) A1-FC Remittance in Foreign Currency (Imports) A1-NRB Transfer of Rupees to the Account of a Non-resident Bank (Imports) A2 Remittance...

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Category : Corporate Law | Comments : 0 | Hits : 286

Posted Date : 11-Jun-2013 , 05:26:08 pm | Posted By Gaurav Dhamija

  Description  e-Form with Instruction kit  Application for reservation or change of name Form 1 Incorporation document and subscriber’s statement Form 2 Details in respect of designated partners and part...

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Category : Corporate Law | Comments : 0 | Hits : 446

Posted Date : 11-Jun-2013 , 05:21:05 pm | Posted By Gaurav Dhamija

How to Draft Appeal and Procedure in Income Tax Appeals before CIT (Appeals) and ITAT Steps of drafting of Statement of Facts and Grounds of appeal before Commissioner of Income-tax (Appeals) and Income-tax Appellate Tribunal (ITAT).    The Income-tax Rules, 1962 ( ...

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Category : Income Tax | Comments : 0 | Hits : 3536

Posted Date : 11-Jun-2013 , 12:31:50 pm | Posted By Vikash Kumar Jha

Liabilities of The Members in the Event of Winding Up of   a Company:- As per the section 426 of the Company Act 1956, in the event of winding up of a company every present and past members shall be liable to contribute to the assets of the company to a sufficient amount: - &nbs...

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Category : Corporate Law | Comments : 0 | Hits : 375

Posted Date : 10-Jun-2013 , 09:58:05 pm | Posted By Vimmi

A Hindu Undivided Family (HUF) offers specific advantages as far as taxation is concerned. The Income Tax Act and Wealth Tax Act recognise the HUF as an independent assessable or taxable entity. Hence, HUFs enjoy all deductions and exemptions under the IT Act independen...

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Category : Income Tax | Comments : 1 | Hits : 1142