Guidelines for reporting TDS transactions not exceeding / exceeding threshold limit in quarterly TDS statements (as issued by Directorate of Income Tax - Systems).
Below guidelines may be referred, if deductor wishes to report the transaction in the quart...
Capital gains arising on sale of two residential houses invested in two residential houses-Eligibility for exemption
The assessee owned two flats. The first flat was sold by the assesses for a sum of Rs. 1,01,00,000 and the second Flat had been sold for a sum of Rs. 97,...
A junior manager, a senior manager and their boss are on their way to a meeting.
On their way through a park, they come across a wonder lamp. They rub the lamp and a ghost appears.
The ghost says,
"Normally, one is granted three wishes but as you are three,
I will allow one ...
ITO vs United Marine Academy(Mumbai ITAT)
Brief Facts: The assessee sold an office building for Rs. 49.43 lakhs. As the WDV of the said building was also Rs. 49.43 lakhs, no STCG was offered to tax. The AO held that as the stamp duty valuation of the building was Rs. 76.49 lakhs, t...
Document delilvery by electronic mode_A relief through the Green Initiative
Finally, as a move to relieve the Corporate of huge financial burden of sending physical documents such as notices etc. by Registered Post instead of Under Posting Certificates after it being dis...
Recently CBEC issued number of Notifications to amend various provisions. Gist of the Amendment is given below:
All the changes in old services and new services will become applicable from 1st May 2011. (Notification No 29/2011)
Fresh Exemption is provided to (Notificat...
Penal provision of Late filling of TDS return 100.00 rs. per day or TDS amount which is lower. but in the present practice most of the assessee not filled TDS return properly & within the time prescribed by the Income Tax department.
As per new sec. introduced by govt. TDS applicable is &...
Changes in ETDS FOR Q4 EFILING 31.03.2011
Ø New FVU ver. 3.1 (F.Y. 2010-11 onwards) & ver. 2.130 (Upto F.Y. 2009-10) released by NSDL.
Ø New Flag “Y” may be selected in the field of ‘R...
You excelled in the interview,
you've been offered the job,
and now you're down to negotiating the deal...
But how do you make sure you secure the best deal for you?
A few tips:
Know your worth
You may have an idea of what you are worth based on anecdotal inf...
Do you wonder that despite a good resume why you haven't landed a good job?
Most likely the problem lies with you and not with your resume. It's not always that your
resume gets you the dream job. It also depends how well you manage the interview
part, especially the 'toug...
We all aware and concious about health. A healthy citizen contributes to the making of a healthy nation.
But above this a true line-
A person can do nothing if his body and mind not healty.
We professionals work hard for in many ways-
1. To learn.
...
Investors always judge a fund by the return it gives, never by the risk it took.
In any historical analysis of a mutual fund, the return is remembered but the risk is quickly forgotten.
So a fund manager may have used very high-risk strategies (that are bound to fail disastrously in the...
First impressions count. And that's a fact. Moreover, if you are facing a job interview. Studies
reveal that the first 5 minutes are crucial for any interview. And it is in these 5 minutes that the
decision of hiring or not hiring you is made by the interviewer. How, then do you ensur...
Inappropriate Appearance
Improper clothes and grooming can jeopardize an interview. Casual clothes are definitely
out. Your objective should be to dress smartly and not overtly. Remember, nails should
be cut, hair well groomed and shoes polished. These may seem like little thing...
Time Management is a skill to use your time in the most effective and productive way. It is the art of using your daily quota of 24 hours in such a way that the amount of work completion is more and the stress levels are kept low. One can cut the burdens of busy-ness through organization and prio...
One major snag in any time management plan is the ability to stay focused
throughout the day. Have you ever had days where you just couldn’t
seem to keep it together and found yourself running in circles and
getting nothing done?
Poor concentration is one common r...
LESSONS FROM CHAK DE INDIA
Thoughts & Dialogues: Narayana Murthy.
Hi Friends this is my third article in which I going to discuss about the lessons that one can learn from the movie Chak de India actually this thoughts are shared by the Narayana murthy (Founder of Infosys who is ...
The role of Chartered Accountants (CAs) in eradicating Corruption
If the accounting profession is committed to development, then it should commit itself to combat corruption.
Introduction
Corruption is one of the most d...
Summary of all the Recent Amednments to TDS Provisions
We have presented below the summary of all the notification. Instruction, circulars, budget amendments etc issued by government which have an effect on TDS Provisions for the financial year 2010-11 and ...
Dearest friends and members
This is my humble effort to give you to a spectacular inspiration through the novel “ Old man and Sea” and a fabulous quotes “man can be defeated but cannot be destroyed’.
Plot summary is the first segment and absorb...
Burning GDP.
Burning crude prices are burning the pockets of the every economy. From US to India from west to east every corner of the world is feeling the heat of higher crude prices. Higher crude prices are s...
Clearly, no other cult has grown as much in recent times as Facebook. At last count, the social networking giant had membership that had swelled to a mind numbing 500 million. To put things in perspective, if thought as a separate nation, Facebook would be the third largest cou...
India has come a long way from being an agri centric third world nation to a services centric developing economy. Shrugging off the aftermaths of global economic crisis, India is now on her way to achieve a GDP growth rate of 9%-11%. Services may bring India closer to the doubl...
Its is often said that problematic situations gives birth to opportunities. Even if the opportunities are identified in advance then they will give you not only opportunities but golden eggs in returns. India is now the golden goose which is giving golden eggs. Before India became Independent it was...
Value Added Tax is widely believed to be a tax which is not so evasion prone because of the audit trail that it creates. However, this audit trail is not so much easy to pursue mainly because of very voluminous records of input credit that are to be checked.
...
The truth is most professionals teach you strategies to employ during a job interview, not after. The result: unlike experienced hands, first-time job seekers fail to notice certain ruses companies employ to make an offer look "great".
Like ...
"Let's stop giving tax breaks to companies that are shipping jobs overseas. Let's stop incentivizing that and let's give tax breaks to companies that are investing right here in the United States of America," Obama said in response to a question at his Whi...
