Govt. of Maharashtra has declared an Amnesty Scheme for the persons who have not obtained enrolment certificate yet. Government has decided to take stringent action against the defaulters after the scheme is over. This is the last chance given by Government before initiation of action.
TDS is tax deducted at source. This is a method through which the government makes sure you pay the tax while receiving he income rather than paying it latter. There are various situations where TDS is applicable to the income you receive. TDS eases the burden on the person who receives the income as he […]
Presumptive Income is the concept introduced by the Income Tax Department under the Presumptive Taxation Scheme so as to allow the assessee to disclose his income on presumptive basis under the relevant sections and their provisions thereof. Let us understand them in detail.
The word ‘tax’ troubles every salaried individual and business person, equally. Nobody likes when a portion of their income gets deducted in the form of tax. Therefore, individuals that fall in the tax bracket, choose certain tax-saving schemes like PPF, Mutual Funds, and tax-saving FDs, life insurance, Mediclaim policy or property investmen
Salaried? You too need to file returns too!- While talking to some of my colleagues and friends who are salaried, I understand that majority of them are under the impression that as full tax has already been deducted from their salary, they are not required to file their income tax returns. T
CA Final Results of MAY 2016 term declares today (18th July 2016) afternoon. First of all congratulations to NEWLY Qualified CA’s. In past we saw that there are vide variations in passing percentage in CA Final Exams. The same trend is continuing in the latest result. The passing percentage of both groups is double in comparison to last term.
Please Click on the topics to view the corresponding FAQ’s Introduction to FCRA, 2010 Key Definitions and Concepts under FCRA, 2010 Registration and Prior Permission Acceptance and Utilization of Foreign Contribution Transfer of Foreign Contribution Maintenance of Accounts Filing of Annual Returns Banks and Banking related issues Change in Name, Address, Objectives, FC Account details […]
New online PAN application facility has been launched for PAN applicants with an option of paperless submission of application using Aadhaar based e-Sign Applicant can select any one of the following three options while filling online PAN application “ Physical acknowledgement, Digital Signature Certificate (DSC) or Aadhaar based e-Sign. In DSC option, an applicant needs […]
On daily basis all of us come across shops in our localities which would not issue proper bills or use simple paper to issue bills in case some one asks for it and transact business mostly on cash. They don’t carry any account books or detailed records in respect of their stocks and sale.
Till today, we have seen concept of manufacture (removal of goods), Sale of goods and rendition of service as taxable event for the purpose of taxation in various instruments of indirect taxation. SUPPLY of goods and services is a new concept as taxable event in GST. Is it really new?
