Know TAN Number Structure
Posted Date : 12-Aug-2012 , 11:58:52 am | Posted By
Sunil Chaurasiya
TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. Under Section 203A of the Income Tax Act, 1961, it is mandatory ...
Continue Reading...
Category : Income Tax |
Comments :
1 | Hits : 1347 |
 |
Partial Reverse Charge Mechanism
Posted Date : 12-Aug-2012 , 11:26:25 am | Posted By
Sunil Chaurasiya
Partial Reverse Charge Mechanism – Putting Service Tax in Forward Gear
Introduction
1.0 The concept of “reverse” though important, has limited applicability in our day-to-day life. We are familiar with reversing a vehicle for limited purposes. A vehicle cannot be d...
Continue Reading...
Category : Service Tax |
Comments :
0 | Hits : 2222 |
|
Present the THEORY papers in this way
Posted Date : 11-Aug-2012 , 01:58:44 pm | Posted By
Mukul Gulati
Present the THEORY papers in this way
Hi friends in this article I am going to explain the role of THEORY PAPERS IN PROFESSIONAL EXAMS like CA,CS,ICWA etc., as we all know that theory papers is very boring subjects (because myself I am very irritated with theory part) but if you presen...
Continue Reading...
Category : Students Zone |
Comments :
0 | Hits : 387 |
|
It may sound strange
Posted Date : 11-Aug-2012 , 10:20:56 am | Posted By
Mukul Gulati
It may sound strange, but Independent India has at least one major scam for almost every alphabet of the English language…
A for Adarsh
Mumbai's high rise Adarsh Housing Society was meant for Kargil war widows and veterans. However top Army brass, politicians and bureaucra...
Continue Reading...
Category : Students Zone |
Comments :
0 | Hits : 391 |
|
10 Things You Should Keep In Mind While Filing Income Tax Return
Posted Date : 10-Aug-2012 , 01:04:36 pm | Posted By
Mukul Gulati
10 Things You Should Keep In Mind While Filing Income Tax Return
Time is now; don’t wait for the last date to file Income Tax Return which is approaching near. The month of July is the month for filing Income Tax Returns by every assesse in order to avoid late payment, interest and pena...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 466 |
|
Tips to Prepare for INCOME TAX/ DIRECT TAX( PCC, IPCC, CA Final & CS)
Posted Date : 09-Aug-2012 , 05:53:33 pm | Posted By
Mukul Gulati
Tips to Prepare for INCOME TAX/ DIRECT TAX( PCC, IPCC, CA Final & CS)
1. No need to say that Modules are of almost no use here as they are too old and expired.
2. There are a lot sections, what to remember what to not….confusion?? Solution is...
Continue Reading...
Category : Students Zone |
Comments :
1 | Hits : 9223 |
|
Time Management Tips for CA Students
Posted Date : 09-Aug-2012 , 01:48:01 pm | Posted By
Mukul Gulati
Time Management Tips for CA Students
How do you manage your time?
1. Always define your objectives as clearly as possible.
Do you know what marks a successful man from unsuccessful ones?? Successful man knows where he has to go. He has a desired destination and he draws a plan...
Continue Reading...
Category : Students Zone |
Comments :
0 | Hits : 1608 |
|
Create HUF to save tax
Posted Date : 08-Aug-2012 , 11:00:12 pm | Posted By
Mukul Gulati
Create HUF to save tax
KEY POINTS IN CREATION OF HUF AND FORMAT OF DEED FOR CREATION OF HUF
1. Under the Income Tax Act, an HUF is a separate entity for the purpose of income tax return.
2. The same tax slabsare applicable to HUF as to individual assesse.
3. You cannot transfer yo...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 1660 |
|
Real Estate/EPC Contracts : Draft Guidance Note for Cost Records
Posted Date : 08-Aug-2012 , 10:42:03 am | Posted By
NAVNEET KUMAR JAIN
Real Estate/EPC Contracts : Draft Guidance Note for Cost Records
By Navneet Kumar Jain, Practising Cost Accountant, Delhi
Institute of Cost Accountants of India has recently released a draft guidance note on the maintenance of cost records in respect of Real Estate Industry. Be...
Continue Reading...
Category : ICWAI |
Comments :
0 | Hits : 1163 |
|
DEDUCTIONS FROM HOUSE PROPERTY
Posted Date : 07-Aug-2012 , 02:03:50 pm | Posted By
Surendra Kumar Dash
DEDUCTIONS FROM HOUSE PROPERTY
1. DEDUCTION U/S.23 (1): For let out property, amount actually paid by the owner towards taxes levied by any local authority in respect of the property is deductible from Annual value (taxes pertaining to any previous years).
2. DEDUCTION U/S.24 (a): For l...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 1309 |
|
Income Tax Benefits on Various Plans of LIC
Posted Date : 07-Aug-2012 , 09:56:51 am | Posted By
Mukul Gulati
Income Tax Benefits on Various Plans of LIC
1) Deduction allowable from Income for payment of Life Insurance Premium (Sec. 80C).
(a) Life Insurance premia paid in order to effect or to keep in force an insurance on the life of the assesse or on the life of the spouse or any child of asse...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 500 |
|
What
Posted Date : 06-Aug-2012 , 06:30:07 pm | Posted By
Mukul Gulati
What’s better- Trust, Society or Sec.25 Company?
There are three different ways in which one can share good fortune with others in an organized and enduring manner and receive legal protection as well as tax benefits.
One can set up either a public charitable trust, a registeredsoci...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 569 |
|
Inconsistencies in ITR which need to be avoided for accurate processing of I-T Return
Posted Date : 06-Aug-2012 , 10:49:23 am | Posted By
Yogesh Setia
Data Inconsistency issues which need to be avoided for accurate processing.
1. Set off of brought forward loss claimed, but Schedules BFLA / CFL not filled ……. Year of loss not indicated in CFL.
2. Profit before tax (at serial No. 43...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 342 |
|
Revised Return & Rectification Request in case of e-filed I-T Return
Posted Date : 06-Aug-2012 , 10:47:01 am | Posted By
Yogesh Setia
Article deals with FAQ related to Revised Return & Rectification in case of return filed online. The article explains about how to file Rectification request, what if you get error in filing rectification u/s 154, what if wrong assessment year entered, How many time return can be revise...
Continue Reading...
Category : Income Tax |
Comments :
1 | Hits : 1365 |
|
Bank Concurrent Audit
Posted Date : 04-Aug-2012 , 01:51:08 pm | Posted By
Vikash Kumar Jha
Bank Concurrent Audit
Bank Concurrent Audit is a kind of internal audit where auditor responsibility is to review and correct assign bank branch internal control system.
However compare to other internal audit, concurrent audit is little different; in concurrent audit auditor ...
Continue Reading...
Category : Auditing |
Comments :
6 | Hits : 11874 |
|
Differences Between Internal Audit And Statutory Audit
Posted Date : 04-Aug-2012 , 01:29:29 pm | Posted By
Vikash Kumar Jha
An internal audit is conducted by the permanent staff of the same office to detect weakness in system, procedures and for the improvement. But statutory audit is the act of checking books of accounts as per the provision of company act. Both of them check books of account, detect errors and fraud...
Continue Reading...
Category : Auditing |
Comments :
4 | Hits : 2420 |
|
Negetive list of services under service tax
Posted Date : 04-Aug-2012 , 01:02:19 pm | Posted By
Vikash Kumar Jha
In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the said Act) and in supersession of notification number 12/2012- Service Tax, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part ...
Continue Reading...
Category : Service Tax |
Comments :
1 | Hits : 559 |
|
Very motivational Must read by every one
Posted Date : 03-Aug-2012 , 06:07:51 pm | Posted By
Yogesh Setia
I was Conductor - Rajnikanth
I didn't completed my University - Bill Gates
I Stitched Shoes in childhood - Abraham Lincoln
I was the one who served in Hotels - Oberoi
I worked in a Petrol Pump - Ambani
I Failed in class 10 - Sachin Tendulkar
Drop-Out and Keyboard Player - A.R.Rahm...
Continue Reading...
Category : General |
Comments :
0 | Hits : 804 |
|
PERSONALITY- What is it ?
Posted Date : 01-Aug-2012 , 02:07:36 pm | Posted By
Vikash Kumar Jha
PERSONALITY- What is it ?
The Word Personality Has Been Generated From The Greek Word ”PERSONA”. And The Word Persona Refers “MASK”
PERSONALITY = PERSONA = MASK
So we can say if we want to kn...
Continue Reading...
Category : General |
Comments :
0 | Hits : 509 |
|
Deduction at a lower rate or non-deduction of tax
Posted Date : 31-Jul-2012 , 02:48:13 pm | Posted By
Surendra Kumar Dash
Section 197 enables a tax payer to make an application to his Assessing Officer for deduction of tax at a lower rate or non deduction of tax. The application has to be made in Form No.13 (vide Rule 28(1)). If the Assessing Officer is satisfied that the total income of a tax pay...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 466 |
|
|
