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Why one who pays tax only suffers?

July 8, 2014 4918 Views 25 comments Print

Arjuna, Govt. collects taxes and utilizes it for citizen’s security, development, growth, etc. See, like in sports, one wins while other loses similarly in life one’s grief is others reason for happiness. In same way, an expense of one is an Income of other, and hence disparity between Government and Taxpayers will always remain.

Changes in Income Tax Return (ITR) A.Y. 2014-15

June 29, 2014 14021 Views 0 comment Print

CA Umesh Sharma Karniti: Taxpayers please note recent changes in Income Tax Return Keeping conversation between Lord Krishna and Arjuna as the foundation, we will learn certain basic financial and tax matter in KARNITI series of articles. Let us try to get answers to our questions in a bit different and joyful manner. The character […]

Be Alert! Companies watch out provisions of loans & deposits or else repay it!

June 25, 2014 6261 Views 0 comment Print

Krishna, many companies are worried, as they will have to submit new return about deposits and loans before 30th June 2014, as stated in New Companies Act 2013. It is said that there are very strict provisions and rules in new companies act.

Maharashtra Budget: Relief in MVAT up to Rs. 10 Lakh but No relief for refund & LBT

June 21, 2014 11633 Views 0 comment Print

Arjuna (Fictional Character): Krishna, on 5th June 2014, Deputy Chief Minister and Finance Minister of Maharashtra State presented the finance budget for the year 2014-15. Taxpayers had many expectations from the budget due to all round changes and upcoming elections.

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