Some lesser known deductions of Income Tax
Posted Date : 21-Jan-2013 , 02:15:21 pm | Posted By
Vinay Sharma
Most taxpayers are aware of the deductions available under Section 80C, the tax benefits of medical insurance and the advantages of a home loan. But there are also some inconspicuous sections of the Income Tax Act, which offer further savings to taxpayers. If you satisfy c...
Continue Reading...
Category : Income Tax |
Comments :
2 | Hits : 3139 |
 |
Mistakes You Didn
Posted Date : 19-Jan-2013 , 08:44:38 pm | Posted By
Vinay Sharma
Filing income tax return (ITR) is a compliance requirement that needs to be attended by taxpayers every year. Most people have no clue about how it works and end up making mistakes that can take away a lot of their time and energy. There are some individuals who make the mistake of not filing the...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 3092 |
|
TAX SAVING TIP FOR SALARIED CLASS PERSONS
Posted Date : 19-Jan-2013 , 07:51:24 pm | Posted By
SHIKHA SONI
Often, investment for most individuals begins and ends with tax planning. Although it is pertinent to avail tax breaks, this should not be the sole focus. Start by jotting down your key financial objectives, the tentative time of money requirement and the corpus ...
Continue Reading...
Category : Income Tax |
Comments :
1 | Hits : 1364 |
|
Beginners Guide to Options
Posted Date : 19-Jan-2013 , 07:29:16 pm | Posted By
Vinay Sharma
What is an option?
An option is a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset (a stock or index) at a specific price on or before a certain date.
An option is a derivative. That is, its value is derived from so...
Continue Reading...
Category : Shares & Stock |
Comments :
1 | Hits : 3293 |
|
Glimpses of Manual on exchange of information
Posted Date : 18-Jan-2013 , 04:43:51 pm | Posted By
Vinay Sharma
CBDT has issued an instruction which contains the guidelines and manual on sharing of information among treaty partners. The manual deals with both inbound and outbound request for information.
Glimpses of the manual for exchange of information are as under:
(1) A new proforma is introduc...
Continue Reading...
Category : General |
Comments :
0 | Hits : 440 |
|
major clarification on availability of Sections 10A, 10AA & 10B benefits to IT Sector
Posted Date : 18-Jan-2013 , 03:20:30 pm | Posted By
Vinay Sharma
S.No.
Issue
Clarification
1.
A) Whether “on-site” development of computer software qualifies as an export activity for tax benefits under sections 10A, 10AA and 10B of...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 634 |
|
Taxation of Non-residents
Posted Date : 15-Jan-2013 , 05:52:11 pm | Posted By
Vinay Sharma
Who is a ‘resident’ for tax purposes? (Section 6)
INDIVIDUAL
An individual is considered as a ‘resident’ if he is
...
Continue Reading...
Category : Income Tax |
Comments :
1 | Hits : 4373 |
|
Responsibility of Professionals signing MCA Annual Return
Posted Date : 15-Jan-2013 , 04:12:55 pm | Posted By
CMA Arif Farooqui
W.e.f from Financial Year 2011-12, Professional (CA, CMA, CS) signing MCA Annual Return have to certify whether Cost Accounting Record Rules -2011 (CARR) or Cost Audit Orders (CAO) are applicable on company or not and mention Product or Service Category Code (ITC/ NPCS 4 Digit Code). They h...
Continue Reading...
Category : Corporate Law |
Comments :
0 | Hits : 972 |
|
ENJOY YOUR JOB
Posted Date : 14-Jan-2013 , 10:49:16 pm | Posted By
SHIKHA SONI
"Work is only as good as it's enjoyed, not as it's paid."
When you do what you love, your odds of success are much greater. You have more passion, more energy and more fun.
When you enjoy your job, you look forward to Monday mornings. Your days fly by. You mak...
Continue Reading...
Category : General |
Comments :
0 | Hits : 415 |
|
How to Deal With Negative People
Posted Date : 14-Jan-2013 , 10:34:01 pm | Posted By
Vinay Sharma
Don't be around that person all the time if you can help it. If you live with them, try to spend as much time as possible with other family members or with friends outside the home. Do something that doesn't involve the other person too much. You don't want to lear...
Continue Reading...
Category : General |
Comments :
0 | Hits : 385 |
|
Manpower Supply Service & Reverse Charge
Posted Date : 13-Jan-2013 , 09:18:30 pm | Posted By
Puneet Goyal
ANALYSIS OF REVERSE CHARGE MECHANISM IN RESPECT OF MANPOWER SUPPLY SERVICES OR SECURITY SERVICES
(Before proceeding further please read the disclaimer at the bottom of this write up)
Now after introduction of negative list approach, in respect of above services, serv...
Continue Reading...
Category : Service Tax |
Comments :
1 | Hits : 13818 |
|
Point of Taxation Rules,2011 with recent amendements
Posted Date : 13-Jan-2013 , 04:24:10 pm | Posted By
CA Vinod Kumar
BACKGROUND OF RULES
I will start my article with the wordings of Finance Minister while presenting the Budget proposal for the financial year 2011-12, the Finance minister said that in order to “achieve a closer fit between the present service tax regime and its GST successor...
Continue Reading...
Category : Service Tax |
Comments :
0 | Hits : 1357 |
|
Guidelines for issue of Debit Cards by banks
Posted Date : 10-Jan-2013 , 07:45:22 pm | Posted By
Vinay Sharma
Banks may ensure that all debit cards issued by them are subject to the following guidelines:
a) Board approved policy
Banks may formulate a comprehensive debit cards issuance policy including policy on co-branded debit cards with the approval of their Boards and issue debit cards to thei...
Continue Reading...
Category : RBI |
Comments :
0 | Hits : 2621 |
|
New Features of Income Tax Portal
Posted Date : 09-Jan-2013 , 10:34:17 am | Posted By
Yogesh Mohan & Co.
NEW FEATURES OF INCOME TAX PORTAL (incometaxindiaefiling.gov.in)
After Assessee's Login, the Main options are
Dashboard which contains two options viz. To view Returns and Forms. List of Returns submitted showing major information relating t...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 868 |
|
TIPS FOR GOOD HEALTH
Posted Date : 05-Jan-2013 , 11:09:27 pm | Posted By
Rahul Bhardwaj
TIPS FOR GOOD HEALTH
It is true that health is w...
Continue Reading...
Category : Students Zone |
Comments :
1 | Hits : 967 |
|
TAX Saving Tips for the new year 2013
Posted Date : 05-Jan-2013 , 03:55:11 pm | Posted By
Roopak
TAX SAVING TIPS IN 2013
First of all Happy New Year to all the readers and happy new tax benefits.
1. Every Family member to be an assessee:
Every family member should be an income ...
Continue Reading...
Category : Income Tax |
Comments :
1 | Hits : 2779 |
|
Listing of Securities is must to attract Section 10(38)
Posted Date : 28-Dec-2012 , 12:43:13 pm | Posted By
CA. GAURAV PAHUJA, M.COM, ACA, D.I.S.A. (ICAI)
Introduction
Section 10(38) aims to provide relief from the long-term capital gain tax chargeable on the transfer of equity shares or unit of an equity oriented fund on the satisfaction of two essential conditions stated below:
a. ...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 768 |
|
PROCEDURE FOR E-PAYMENT OF EXCISE DUTY & SERVICE TAX
Posted Date : 27-Dec-2012 , 04:32:42 pm | Posted By
Vinay Sharma
PROCEDURE FOR E-PAYMENT
1. To pay Excise Duty and Service Tax online, the Assessee has to enter the 15 digit Assessee Code allotted by the jurisdictional Commissionerate.
2. There will be an online check on the validity of the Assesse...
Continue Reading...
Category : Excise |
Comments :
0 | Hits : 888 |
|
Master Circular on Inspection & Audit Systems in Primary (Urban) Co-op. Banks
Posted Date : 27-Dec-2012 , 01:00:30 pm | Posted By
Vinay Sharma
Master Circular on
Inspection & Audit Systems in Primary (Urban) Co-op. Banks
1. Introduction
1.1 It has been observed that quite often the internal inspection machinery in banks has failed to highlight and pinpoint the existence of gross and serious irregularities such as improper ...
Continue Reading...
Category : RBI |
Comments :
0 | Hits : 2933 |
|
Extension of Last date for Filing of Cost Audit Report (CAR) and Cost Compliance Report (CCR) in the eXtensible Business Reporting Language (XBRL) mode.
Posted Date : 26-Dec-2012 , 11:01:39 pm | Posted By
NAVNEET KUMAR JAIN
Extension of Last date for Filing of Cost Audit Report (CAR) and Cost Compliance Report (CCR) in the eXtensible Business Reporting Language (XBRL) mode.
By Navneet Kumar Jain
FCMA, MBA, LL.B., M.COM., PGDTL, LIII., AIIISLA
Keeping in view of the ongoing requests from differ...
Continue Reading...
Category : Auditing |
Comments :
0 | Hits : 1413 |
|
|
