Income Tax : Article explains What is Switching, Benefits of Switching, Tax effect of Switching If the units are held as stock-in-trade and Tax...
Income Tax : Agricultural income is exempt from Income Tax under section 10(1) of the Income Tax Act, 1961. However, its included, for rate pur...
Income Tax : Form 26AS is, in essence, an acknowledgement of sorts when it comes to Tax Deducted at Source (TDS). Which is to say that Form 26A...
Fema / RBI : Terrorism and ugly politics, funded by black money, are a cancer for India and PM Narendra Modi is the only Doctor who can cure it...
Income Tax : Let’s dream, let’s take a breather, let’s talk about Taxation in Dubai Dubai, one of the Seven Emirates that together form U...
CA, CS, CMA : All those who are gearing up for ISA Assessment Test (DISA), registrations for the Assessment Test to be held in June 2015 have st...
Article explains What is Switching, Benefits of Switching, Tax effect of Switching If the units are held as stock-in-trade and Tax effect of Switching If the units are held as investments. Hi, almost all of us are aware of investing in Mutual Funds and their respective Tax effects. However, some areas still remain Grey for […]
Agricultural income is exempt from Income Tax under section 10(1) of the Income Tax Act, 1961. However, its included, for rate purposes, in computing the Income Tax Liability if following two conditions are cumulatively satisfied: Net Agricultural income exceeds INR 5,000/- for P.Y. 2014-15, and Total income, excluding net Agricultural income, exceeds INR 2,50,000/-.
Form 26AS is, in essence, an acknowledgement of sorts when it comes to Tax Deducted at Source (TDS). Which is to say that Form 26AS shows the amount of TDS, which has been deducted and is available as credit against our Income Tax liability, if any. To understand this concept and in order to make it work in ones favour, one needs to understand the basics with respect to TDS and Form 26AS
Terrorism and ugly politics, funded by black money, are a cancer for India and PM Narendra Modi is the only Doctor who can cure it.
Let’s dream, let’s take a breather, let’s talk about Taxation in Dubai Dubai, one of the Seven Emirates that together form United Arab Emirates (UAE), has one of the most liberal Taxation systems in the World. Dubai maintains its own judicial system, separate from the other Emirates. Currently no Taxes are payable on Income by […]
These days quite some number people are getting Show Cause Notice under section 266G of the Companies Act 1956. What’s this notice all about? As per Section 266C of the Companies Act 1956, No individual, who had already been allotted a Director Identification Number under Section 266B, shall apply, obtain or possess another Director Identification Number (DIN).
As per The Chartered Accountant Regulations 1988, Regulation 43, Member(s) designated as an Associate or Fellow, who has been in Practice continuously, whether in India or elsewhere or an Associate or Fellow, who is deemed to be in Practice within the meaning of explanation to sub-section (2) of Section 2 of the Act, shall only […]
The last date for filing of Form 49C is almost there and it’s 30th May 2015 which was notified vide Notification No.5/2012 dated 6-2-2012 with effect from 1st April 2012. Form 49C is primarily required to be filed by Non-residents having Liaison office(s) in India. It is to be filed in pursuance of Section 285 […]
Continuing Professional Education (CPE) hours requirement for 2014-16 Kindly note the following requirements w.r.t. completion of CPE hours for the period 1st January 2014 to 31st December 2016. A. Members, less than 60 years of age, holding Certificate of Practice except the ones who are residing abroad need to: Complete at least 90 CPE hours […]
All those who are gearing up for ISA Assessment Test (DISA), registrations for the Assessment Test to be held in June 2015 have started. Registrations for online applications started on 21st May 2015 at 10:00 AM and shall remain active till 4th June 2015 till 5:30 PM. Fees to be paid online is INR 1,100/-.
