TDS ON PURCHASE OF IMMOVABLE PROPERTY (SECTION 194 IA)
Posted Date : 10-Jun-2013 , 04:07:35 pm | Posted By
Parthik Dikshit
TDS ON PURCHASE OF IMMOVABLE PROPERTY (SECTION 194 IA)
1. Section has been inserted w.e.f. 01.06.2013.
2. Deductor & Deductee: Any person (being a transferee) responsible for paying (other than person referred to in sectio...
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Category : Income Tax |
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format of cost sheet
Posted Date : 10-Jun-2013 , 03:18:57 pm | Posted By
Parthik Dikshit
Formate
Particulars
Amount
Coverage
Explainations
Opening stock of Material
xxxxx
*
Factory Rent
Add
Purchases of Material
xxxxx
...
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Category : Finance |
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0 | Hits : 355 |
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highlight of amendment by finance act 2013
Posted Date : 10-Jun-2013 , 02:47:52 pm | Posted By
Parthik Dikshit
(A) Direct Tax:-
1. No change in Income tax Slabs or Rates.
2. Tax credit of Rs 2000/- to resident individual in the first bracket between Rs 2 lacs to 5 lacs. In other words, Tax credit of Rs 2000/- to resident individual whose total income does not exceed 5 lacs. (Under section 87A)
3. Po...
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Category : Budget |
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format of cost sheet
Posted Date : 10-Jun-2013 , 02:45:02 pm | Posted By
Parthik Dikshit
Formate
Particulars
Amount
Coverage
Explainations
Opening stock of Material
xxxxx
*
Factory Rent
Add
Purchases of Material
xxxxx
...
Continue Reading...
Category : Finance |
Comments :
0 | Hits : 369 |
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TDS On Purchase Of Immovable Property
Posted Date : 09-Jun-2013 , 03:22:37 pm | Posted By
Vinay Sharma
TDS On Purchase Of Immovable Property
Any person purchasing immovable property (other than rural agricultural land) of Rs. 50 Lac or more is Required to deduct tax @ 1% from the payment made to seller.
Responsibility of the Purchaser of the Immovable Property
Step 1 &nbs...
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Category : Income Tax |
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Short Cut Keys in Tally.Erp9 - Special Function Key Combination
Posted Date : 09-Jun-2013 , 02:13:47 pm | Posted By
Vinay Sharma
Short Cut Keys in Tally.Erp9
Special Function Key Combination
Windows
Functionality
Availability
ALT + F1
To close a company
To view detailed report
To explode a line into its details
To select Inventory vouchers to alter
At all...
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Category : General |
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Short Cut Keys in Tally.Erp9 - Key Combination Used for Navigation
Posted Date : 09-Jun-2013 , 02:12:47 pm | Posted By
Vinay Sharma
Short Cut Keys in Tally.Erp9
Key Combination Used for Navigation
Windows
Functionality
Availability
PgUp
Display previous voucher during voucher entry/alter
At voucher entry and alteration screens
PgDn
Display next vouche...
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Category : General |
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0 | Hits : 238 |
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Short Cut Keys in Tally.Erp9 - Special Key Combination
Posted Date : 09-Jun-2013 , 02:11:53 pm | Posted By
Vinay Sharma
Short Cut Keys in Tally.Erp9
Special Key Combination
Windows
Functionality
Availability
ALT + 2
To Duplicate a voucher
At List of Vouchers – creates a voucher similar to the one where you positioned the cursor and used this key combi...
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Category : General |
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0 | Hits : 232 |
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Short Cut Keys in Tally.Erp9 - Function Key Combination
Posted Date : 09-Jun-2013 , 02:10:43 pm | Posted By
Vinay Sharma
Short Cut Keys in Tally.Erp9
Function Key Combination
Windows
Functionality
Availability
F1
To select a company
At all masters menu screen
F1
To select the Accounts Button
At the Accounting Voucher creation and alt...
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Category : General |
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0 | Hits : 163 |
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Amendments to Income Tax Rules 1962
Posted Date : 09-Jun-2013 , 01:21:51 pm | Posted By
Vinay Sharma
Here is the list of amendments to income tax rules 1962 in a summarized way.
Income-tax (Sixth Amendment) Rules, 2012 inserted rule 10AB prescribing other method for determining arm’s length price.
Income-tax (Seventh Amendment) Rules, 2012 provided new return forms I...
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Category : Income Tax |
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legal existence of partnership
Posted Date : 08-Jun-2013 , 01:37:28 pm | Posted By
Parthik Dikshit
QUERY:-CAN TWO PARTNERSHIP FIRM TRANSFER ASSETES TO EACH OTHER WHICH ARE CARRING ON DIFFERENT BUSSINESS WITH THE SAME PARTNERS HAVING SAME PROFIT SHARING RATIO IN THE BOTH THE FIRM?
ABOVE ISSUE WILL BE DEALT UNDER TWO POSITIONS:-
(1) POSITION UNDER LAWS OTHER THAN INCOME TAX ACT ...
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Category : Income Tax |
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10 reasons why Narendra Modi can never become PM
Posted Date : 07-Jun-2013 , 11:56:04 pm | Posted By
Vinay Sharma
Hard to say of the country but there is a lot of unrest within the BJP and hardcore supporters of Gujarat CM Narendra Modi. Slogans of 'Modi for PM' are gaining pitch. But nowadays, no one becomes the prime minister of India just on the basis of slogans. Gone is the era when Indira Gandhi would get ...
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Category : General |
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3 | Hits : 1040 |
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Reasons Why People Don't Want To Be Rich
Posted Date : 07-Jun-2013 , 06:13:32 pm | Posted By
Vinay Sharma
Top Reasons Why People Don't Want To Be Rich
You would think everyone would want to be rich, if they could be. After talking to quite a lot of people, I've found that there are a significant number who do not want to be rich. Why? Here are my top reasons why I think people are not in...
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Category : General |
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0 | Hits : 884 |
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Deduction Of Tax At Source From Salary
Posted Date : 07-Jun-2013 , 06:02:33 pm | Posted By
Vinay Sharma
Deduction Of Tax At Source From Salary
1.Who is responsible to deduct tax at source in case of income from Salary
Any person responsible for paying any income chargeable under the head “Salaries” is required to deduct tax on the amount payable. For this purpose the following a...
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Category : Income Tax |
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Legal Requirements for Formation of A Hindu Undivided Family (HUF)
Posted Date : 07-Jun-2013 , 04:46:49 pm | Posted By
Vinay Sharma
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 ...
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Category : General |
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12 Commandments to help you learn how to love yourself
Posted Date : 07-Jun-2013 , 03:09:20 pm | Posted By
Vinay Sharma
12 Commandments to help you learn how to love yourself
Stop All Criticism.
Criticism never changes a thing. Refuse to criticize yourself. Accept yourself exactly as you are. Everybody changes. When you criticize yourself, your changes are negative. When you approve of yourself, your change...
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Category : General |
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2 | Hits : 692 |
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Main features of Real Estate Bill, 2013
Posted Date : 07-Jun-2013 , 03:06:35 pm | Posted By
Vinay Sharma
Union Cabinet has cleared Real Estate (Regulation and Development) Bill on Tuesday, which provides creation of a regulator for the sector and tighter norms for selling housing projects. Following are the main features of Real Estate (Regulation and Development) Bill, 2013:
Applica...
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Category : General |
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SOME IMPORTANT ITAT Rullings 2013
Posted Date : 06-Jun-2013 , 04:01:32 pm | Posted By
Gaurav Dhamija
AIT-2013-05-ITATSri Lakhan Singh Vs. ACIT, Bangalore
even if a claim is not made before the assessing officer, it can be made before the appellate authorities.
AIT-2013-21-ITATM/s. L.G.Electronics India Private Limited Vs. ACIT, Noida
Special Bench-the transfer pricing adj...
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Category : Income Tax |
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SOME IMPORTANT SUPREME COURT JUDGMENTS 2013
Posted Date : 06-Jun-2013 , 03:58:14 pm | Posted By
Gaurav Dhamija
AIT-2013-07-SCRaunaq Education Foundation Vs. DIT,New Delhi
the respondent-assessee had, by way of donation, received two cheques for a sum of Rs.40 lac each from M/s Apollo Tyres Ltd. One of the cheques was dated 22nd April, 2002 and yet it was given in accounting year 2001-2002 i....
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Category : General |
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Five reasons why the rupee is sliding against the dollar
Posted Date : 06-Jun-2013 , 03:37:35 pm | Posted By
Vimmi
The rupee fell for the 13th session in 15, taking its losses to 5.2 per cent since the start of May and becoming the worst performer in Asia over this period. It breached the 57 mark to the dollar on Thursday and is trading perilously close to its all-time low of 57.32 against the greenback.
...
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Category : International Business |
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