• Apr
  • 19
  • 2014

Tax Benefits for Differently Able persons in India

Added In Income Tax
Tax benefits to individual who are differently able, Parents who have dependents who are differently able including minor and certain benefits to private sector for providing employment opportunities to differently able As per recent estimate there are more than 70 million people in India who are differently able. The challenges and hardship which they face […]

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  • Apr
  • 19
  • 2014

How to Create Hindu Undivided Family (HUF)

Added In Income Tax
A Hindu Undivided Family can be created by following ways: 1. Blending of individual property with the family Hotchpot 2. Receipts of Gifts 3. Doing Joint labour for the benefit of HUF 4. Inheritance through a specific bequest under a Will 5. Partition of a larger Hindu Undivided Family 6. Reunion of separated coparceners

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  • Apr
  • 19
  • 2014

Reduce / Delete outstanding demand outstanding against Assessee -CBDT prescribes Procedure

Added In Income Tax
U/s 139D of the Income-Tax Act, 1961 – Extension of Facility to Taxpayers in Filing of Return in Electronic Form to Verify if Demand In their Case is Due to Tax Credit Mismatch On Account of Incorrect Furnishing of Specified Particulars and Submit Rectification Requests With Correct Particulars Of TDS/Tax Claims for Correction of these […]

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  • Apr
  • 19
  • 2014

FAQs on E-Filing OF TDS Returns

Added In Income Tax
1. What is annual e-TDS/TCS Return? Annual e-TDS/TCS return is the TDS return under section 206 of the Income Tax Act (prepared in Form Nos. 24, 26 or 27) or TCS return under section 206C of the Income Tax Act (prepared in Form No. 27E), which is prepared in electronic media as per prescribed data […]

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  • Apr
  • 19
  • 2014

FAQs on TDS on Rent Under Section 194-I of Income tax Act, 1961

Added In Income Tax
QUESTION AND ANSWERS ON S. 194I Q.1. who is liable to deduct TDS on Rent? A.1. Any person, other than an individual or a HUF, is responsible for paying to resident in India, any income by way of the rent, amounting in aggregate to more than Rs. 180000 in a financial year. However w.e.f. 01/06/2002, […]

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  • Apr
  • 18
  • 2014

Empanelment Of Stock Auditors With State Bank Of Mysore

Added In CA CS ICWA
STATE BANK OF MYSORE, HEAD OFFICE BANGALORE INVITES APPLICATIONS FOR THE EMPANELMENT OF STOCK SUDITORS IN THE BANK. START DATE: 21.04.2014, CLOSE DATE- 10.05.2014.

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  • Apr
  • 18
  • 2014

ICAI expresses concern on proposed definition of “Accountant” in DTC

Added In Income Tax
Direct Taxes Code, 2013 has proposed to widen the scope of the definition Accountant” to include other professionals as well. It is a fact that various provisions in the Income-tax Act, 1961 under which chartered accountants have been given the responsibilities to undertake audit and certification of accounts of various entities have the emphasis on audit of the relevant accounts which is the exclusive domain of Chartered Accountants.

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  • Apr
  • 18
  • 2014

Limit on number of audits under Companies Act 2013 – ICAI Representation to MCA

Added In Company Law
We wish to draw your kind attention to the genuine difficulties arising out of the restriction on number of audit, which can be conducted by an auditor under section 141(3)(g) of the Companies Act, 2013.

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  • Apr
  • 18
  • 2014

Deal with the misuse of Public Interest Litigation with iron hand – SC

Added In Corporate Law
CA Sandeep Kanoi The Supreme Court today advocated in the case of JAIPUR SHAHAR HINDU VIKAS SAMITI TR.PRES Vs. STATE OF RAJASTHAN TR.CHIEF SEC.& ORS.  that judiciary should deal with iron hand the misuse of Public Interest Litigation (PIL) which is being exploited for the benefit of individuals.

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