All about Deduction under Section 80G of the Income Tax Act, 1961 for donation
Posted Date : 04-May-2011 , 12:24:22 am | Posted By
CA. SANAT PYNE
All about Deduction under Section 80G of the Income Tax Act, 1961 for donation
INSPITE of all the contributions made to social causes, there is a huge gap between the demand of money from the needy and the amount donated by philanthropists. This probably, is the reason why the Gov...
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Category : Income Tax |
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5 ways to live a better life
Posted Date : 03-May-2011 , 07:22:10 am | Posted By
Ravindr Bhandari
Five popular ways for better living
GEM THERAPY
THE GEM STONES ARE A PERENIAL SOURCE OF SPECIFIC RAYS WHICH RADIATE FROM THEM FOR SEVERAL YEARS. PEOPLE SUFFERING FROM HEALTH PROBLEMS OR MISFORTUNES CAN WEAR DIFFERENT GEM STONES TO COUNTER THE MALEFIC INFLUENCE OF CERTAIN PLANETS IN A...
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Category : General |
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What are eligible investments for Section 80C:
Posted Date : 03-May-2011 , 03:56:11 am | Posted By
CA. SANAT PYNE
Background for Section 80C of the Income Tax Act (India) / What are eligible investments for Section 80C:
Section 80C replaced the existing Section 88 with more or less the same investment mix available in Section 88. The new section 80C has become effective w.e.f. 1st April, 2006. ...
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Category : Income Tax |
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FAQ ON PAYMENT OF TAX
Posted Date : 03-May-2011 , 03:53:12 am | Posted By
CA. SANAT PYNE
What are the new challans for the payment of Direct Taxes?
The following new single copy challans have been introduced with effect from July 2005:
...
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Category : Income Tax |
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Amendment to Schedule VI - Date of Applicability
Posted Date : 03-May-2011 , 01:28:07 am | Posted By
Anmol Rana
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,
PART II, SECTION3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA
Ministry of Corporate Affairs
NOTIFICATION
 ...
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Category : Corporate Law |
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Guidelines for reporting TDS transactions not exceeding / exceeding threshold limit in quarterly TDS statements (as issued by Directorate of Income Tax - Systems).
Posted Date : 30-Apr-2011 , 10:42:11 pm | Posted By
Sahil Rastogi
Guidelines for reporting TDS transactions not exceeding / exceeding threshold limit in quarterly TDS statements (as issued by Directorate of Income Tax - Systems).
Below guidelines may be referred, if deductor wishes to report the transaction in the quart...
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Category : Income Tax |
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Capital Gain
Posted Date : 29-Apr-2011 , 04:34:22 am | Posted By
Sahil Rastogi
Capital gains arising on sale of two residential houses invested in two residential houses-Eligibility for exemption
The assessee owned two flats. The first flat was sold by the assesses for a sum of Rs. 1,01,00,000 and the second Flat had been sold for a sum of Rs. 97,...
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Category : Income Tax |
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Boss Always First
Posted Date : 28-Apr-2011 , 11:52:42 am | Posted By
May I Help You.
A junior manager, a senior manager and their boss are on their way to a meeting.
On their way through a park, they come across a wonder lamp. They rub the lamp and a ghost appears.
The ghost says,
"Normally, one is granted three wishes but as you are three,
I will allow one ...
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Category : General |
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5 | Hits : 1198 |
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Another Important judgment of Mumbai ITAT - S. 50C applies to immovable depreciable assets being land and building or both
Posted Date : 28-Apr-2011 , 11:16:54 am | Posted By
AMIT BAJAJ
ITO vs United Marine Academy(Mumbai ITAT)
Brief Facts: The assessee sold an office building for Rs. 49.43 lakhs. As the WDV of the said building was also Rs. 49.43 lakhs, no STCG was offered to tax. The AO held that as the stamp duty valuation of the building was Rs. 76.49 lakhs, t...
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Category : Income Tax |
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MCA CIRCULAR ON E DELIVERY
Posted Date : 28-Apr-2011 , 04:49:13 am | Posted By
Sahil Rastogi
Document delilvery by electronic mode_A relief through the Green Initiative
Finally, as a move to relieve the Corporate of huge financial burden of sending physical documents such as notices etc. by Registered Post instead of Under Posting Certificates after it being dis...
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Category : Corporate Law |
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Amendment in Service Tax w.e.f. 1st May'2011
Posted Date : 27-Apr-2011 , 07:54:09 am | Posted By
Recently CBEC issued number of Notifications to amend various provisions. Gist of the Amendment is given below:
All the changes in old services and new services will become applicable from 1st May 2011. (Notification No 29/2011)
Fresh Exemption is provided to (Notificat...
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Category : Service Tax |
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TDS is major area of govt. revenue
Posted Date : 27-Apr-2011 , 05:25:52 am | Posted By
CA Mordhwaj Garg
Penal provision of Late filling of TDS return 100.00 rs. per day or TDS amount which is lower. but in the present practice most of the assessee not filled TDS return properly & within the time prescribed by the Income Tax department.
As per new sec. introduced by govt. TDS applicable is &...
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Category : Income Tax |
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0 | Hits : 771 |
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TDS Return Submission Date of 4th quater onward F.Y. 2010-11
Posted Date : 27-Apr-2011 , 05:05:40 am | Posted By
CA Mordhwaj Garg
Return Form 27EQ for TCS &...
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Category : Income Tax |
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0 | Hits : 1426 |
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CHANGES IN ETDS
Posted Date : 27-Apr-2011 , 03:10:53 am | Posted By
Sahil Rastogi
Changes in ETDS FOR Q4 EFILING 31.03.2011
Ø New FVU ver. 3.1 (F.Y. 2010-11 onwards) & ver. 2.130 (Upto F.Y. 2009-10) released by NSDL.
Ø New Flag “Y” may be selected in the field of ‘R...
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Category : Income Tax |
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Negotiating with your Interviewer
Posted Date : 26-Apr-2011 , 03:18:51 am | Posted By
Vikas
You excelled in the interview,
you've been offered the job,
and now you're down to negotiating the deal...
But how do you make sure you secure the best deal for you?
A few tips:
Know your worth
You may have an idea of what you are worth based on anecdotal inf...
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Category : Students Zone |
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0 | Hits : 496 |
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Tips to crack tricky questions
Posted Date : 26-Apr-2011 , 03:15:25 am | Posted By
Vikas
Do you wonder that despite a good resume why you haven't landed a good job?
Most likely the problem lies with you and not with your resume. It's not always that your
resume gets you the dream job. It also depends how well you manage the interview
part, especially the 'toug...
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Category : Students Zone |
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0 | Hits : 919 |
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Be Healthy.........
Posted Date : 26-Apr-2011 , 02:44:29 am | Posted By
CA. MANISH MALHOTRA
We all aware and concious about health. A healthy citizen contributes to the making of a healthy nation.
But above this a true line-
A person can do nothing if his body and mind not healty.
We professionals work hard for in many ways-
1. To learn.
...
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Category : General |
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0 | Hits : 567 |
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How risky is ur Mutual Funds......?
Posted Date : 25-Apr-2011 , 09:24:41 am | Posted By
Vikas
Investors always judge a fund by the return it gives, never by the risk it took.
In any historical analysis of a mutual fund, the return is remembered but the risk is quickly forgotten.
So a fund manager may have used very high-risk strategies (that are bound to fail disastrously in the...
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Category : General |
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0 | Hits : 3490 |
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Interview - The crucial first 5 minutes
Posted Date : 25-Apr-2011 , 09:21:02 am | Posted By
Vikas
First impressions count. And that's a fact. Moreover, if you are facing a job interview. Studies
reveal that the first 5 minutes are crucial for any interview. And it is in these 5 minutes that the
decision of hiring or not hiring you is made by the interviewer. How, then do you ensur...
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Category : Students Zone |
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0 | Hits : 843 |
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Foolish mistakes that Job seekers make in an Interview
Posted Date : 25-Apr-2011 , 01:18:49 am | Posted By
Vikas
Inappropriate Appearance
Improper clothes and grooming can jeopardize an interview. Casual clothes are definitely
out. Your objective should be to dress smartly and not overtly. Remember, nails should
be cut, hair well groomed and shoes polished. These may seem like little thing...
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Category : Students Zone |
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1 | Hits : 1191 |
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Effective Time Management
Posted Date : 25-Apr-2011 , 01:16:42 am | Posted By
Vikas
Time Management is a skill to use your time in the most effective and productive way. It is the art of using your daily quota of 24 hours in such a way that the amount of work completion is more and the stress levels are kept low. One can cut the burdens of busy-ness through organization and prio...
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Category : Students Zone |
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How to Improve Concentration.........?
Posted Date : 25-Apr-2011 , 01:14:36 am | Posted By
Vikas
One major snag in any time management plan is the ability to stay focused
throughout the day. Have you ever had days where you just couldn’t
seem to keep it together and found yourself running in circles and
getting nothing done?
Poor concentration is one common r...
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Category : Students Zone |
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1 | Hits : 5719 |
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Lessons from Chak De - Part 1
Posted Date : 23-Apr-2011 , 12:22:19 am | Posted By
Madhu Kiran
LESSONS FROM CHAK DE INDIA
Thoughts & Dialogues: Narayana Murthy.
Hi Friends this is my third article in which I going to discuss about the lessons that one can learn from the movie Chak de India actually this thoughts are shared by the Narayana murthy (Founder of Infosys who is ...
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Category : Students Zone |
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1 | Hits : 2832 |
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The role of Chartered Accountants (CAs) in eradicating Corruption
Posted Date : 22-Apr-2011 , 12:00:20 pm | Posted By
PRATEEKKUMAR PATEL
The role of Chartered Accountants (CAs) in eradicating Corruption
If the accounting profession is committed to development, then it should commit itself to combat corruption.
Introduction
Corruption is one of the most d...
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Category : ICAI |
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3 | Hits : 3831 |
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Amendments in TDS all about
Posted Date : 22-Apr-2011 , 10:36:39 am | Posted By
CA Akhil Rastogi
Summary of all the Recent Amednments to TDS Provisions
We have presented below the summary of all the notification. Instruction, circulars, budget amendments etc issued by government which have an effect on TDS Provisions for the financial year 2010-11 and ...
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Category : Income Tax |
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Inspirational story Old man and sea to CA Student
Posted Date : 22-Apr-2011 , 06:38:22 am | Posted By
CA Vivek M ACA
Dearest friends and members
This is my humble effort to give you to a spectacular inspiration through the novel “ Old man and Sea” and a fabulous quotes “man can be defeated but cannot be destroyed’.
Plot summary is the first segment and absorb...
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Category : Students Zone |
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7 | Hits : 2680 |
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CLEAN ENERGY AND EQUIPMENT INVESTMENT GROWTH
Posted Date : 19-Apr-2011 , 09:57:31 pm | Posted By
INDRANEEL SEN GUPTA
Burning GDP.
Burning crude prices are burning the pockets of the every economy. From US to India from west to east every corner of the world is feeling the heat of higher crude prices. Higher crude prices are s...
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Category : Finance |
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0 | Hits : 1445 |
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An Investment Mistake ...One Should Never Make...
Posted Date : 08-Apr-2011 , 12:21:19 am | Posted By
Raj
Clearly, no other cult has grown as much in recent times as Facebook. At last count, the social networking giant had membership that had swelled to a mind numbing 500 million. To put things in perspective, if thought as a separate nation, Facebook would be the third largest cou...
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Category : Students Zone |
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0 | Hits : 647 |
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A Chinese Touch to Indian Economy....
Posted Date : 08-Apr-2011 , 12:18:29 am | Posted By
Raj
India has come a long way from being an agri centric third world nation to a services centric developing economy. Shrugging off the aftermaths of global economic crisis, India is now on her way to achieve a GDP growth rate of 9%-11%. Services may bring India closer to the doubl...
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Category : Students Zone |
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0 | Hits : 787 |
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FDI Turns India to a Golden Goose
Posted Date : 08-Apr-2011 , 12:08:40 am | Posted By
CASANSAAR
Its is often said that problematic situations gives birth to opportunities. Even if the opportunities are identified in advance then they will give you not only opportunities but golden eggs in returns. India is now the golden goose which is giving golden eggs. Before India became Independent it was...
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Category : Finance |
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