If basic exemption limit is enhanced to Rs. 1Cr
.....
Indians will start earning Rs. 99 Lakh?
Comment invited...
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The Blogs
CHECK IF YOUR DEPOSIT IS ILLEGAL
President of India has promulgated the BANNING OF UNREGULATED DEPOSIT SCHEMES ORDINANCE, 2019 w.e.f. February 21, 2019. This law has been brought to safeguard the hard-earned money of ignorant depositors from scrupulous deposit takers.
Scope: -
This ordinance is applicable to ...
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One More : AO cannot make disallowance resulting into a total disallowance u/s 14A, which is more than the exempt income
One More : AO cannot make disallowance resulting into a total disallowance u/s 14A, which is more than the exempt income
AO cannot make disallowance resulting into a total disallowance u/s 14A, which is more than the exempt dividend income ...
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ULIP or Mutual funds- where to invest?
ULIP or Mutual funds- where to invest?
Meaning of ULIP
A Unit Linked Insurance Plan (ULIP) is a product offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan.
Meaning of Mutual ...
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ISSUE OF BENAMI SHARES AND SEBI GUIDELINES
ISSUE OF BENAMI SHARES AND SEBI GUIDELINES
WHAT IS A BENAMI TRANSACTION
Benami transaction means;
where the property is transferred to or held by a person, and consideration for such property has been provided or paid by another person.
the property is ...
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How your small business can benefit from an audit?
How your small business can benefit from an audit?
In case Small Business owners, the thought of a financial audit is formality. The financial position and organization of a business can be revealed by auditor. Through this, Small Businesses can receive tremendous ...
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Seven little-known facts about mutual funds
Seven little-known facts about mutual funds
Before you dive into the mutual fund pool, here are seven things that the fund managers may not mention:
Funds are more expensive than you think: While management fees are the biggest cost of running a fund, the management ...
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Why do people fear to invest in the stock market?
Why do people fear to invest in the stock market?
1] The volatility
You see, stock market is a very inconsistent place. There are indices. There are stocks. They go up and then they come down and people who are new, ...
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10 golden rules of investing in stock markets
10 golden rules of investing in stock markets
1. Avoid the herd mentality
The typical buyer's decision is usually heavily influenced by the actions of his acquaintances, neighbours or relatives. Thus, if everybody around is investing in a particular stock, the ...
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Amount received for dilution of partnership share in favour of new partner is not taxable at all
Amount received for dilution of partnership share in favour of new partner is not taxable at all
Where new partners were admitted to the firm and they introduced a handsome amount as their capital contribution which was withdrawn as drawings ...
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Top CA slams arrest of Auditor in DSK Case
Some comments on TOP CA slam arrest
Top chartered accountant in the city have condemned arrest of auditor Sunil Ghatpande in the DSK case, alleging that the police section overrides the provisions in the law that allow for the ...
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ATTENTION !! CA STUDENTS !! New amendment
PATTERN OF ASSESSMENT FROM MAY 2019 EXAMINATION
Students appearing in the Intermediate and Final Examinations may please note that beginning from May, 2019
attempt, assessment in the following subjects would be partially based on objective type questions:
INTERMEDIATE LEVEL
Paper 2 ...
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Indian Valuation Standards notified, effective from 01.07.2018
Indian Valuation Standards notified, effective from 01 July 2018
The Institute of Chartered Accountants of India has notified the Indian Valuation Standards (IVS). These Standards are effective for the valuation reports issued on or after 1st July, 2018. This has ...
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Some FAQ’s on Stock broker :
Some FAQ’s on Stock broker:
Recently CBIC has released the FAQ on Insurance sector, compilation is as follows:
Q-1 In the case of stock broking, whether stamp duty or securities transaction tax or other Central or State taxes would be considered ...
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E-Way Bill से छुटकारा पाने के लिए पंजाब के व्यापारियों ने पाल लिए घोड़े
E-Way Bill horse cart
E-Way Bill से छुटकारा पाने के लिए पंजाब के व्यापारियों ने पाल लिए घोड़े
एक बहुत ही मशहूर कहावत है, तू डाल डाल मैं पात पात...यानि सामने वाले की चाल का जवाब देने के लिए आपने भी मजबूत ...
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Window Dressing of Books of Accounts
Window Dressing of Books of Accounts
Year end is over and everybody is rushing to cook there books of accounts to make there books of accounts look attractive and to file the return of income as per there convenience that is how much income they wish to show in there books of accounts, how much cash balance ...
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गुड्स एंड सर्विस टैक्स (जीएसटी) – केंद्र सरकार कि बड़ी सौगात !!
गुड्स एंड सर्विस टैक्स (जीएसटी) के दायरे में आने वाले करोड़ों कारोबारियों को केंद्र सरकार जल्द ही एक बड़ी सौगात देने जा रही है। इन कारोबारियों को हर महीने 3 रिटर्न फाइल करने की बाध्यता से मुक्ति मिलने वाली ...
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Today’s tax quote -theTaxtalk
taxquote8
Why does a slight tax increase cost you two hundred dollars and a substantial tax cut save you thirty cents?
~Peg Bracken
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