other topicNephew and Niece are not “Relative” of an individual under Income Tax act 19617 years agoQuery My real brother has been given in adoption to my uncle. As a result, we have now become cousins.…
other topicFinancial Instrument7 years agoFinancial Instrument: A contract that gives rise to a financial asset of one entity and a financial liability or equity…
other topicSukanya Samriddhi Yojana7 years agoSukanya Samriddhi Yojana The scheme Sukanya Samriddhi Yojana was launched by Prime Minister Narendra modi on 22 January 2015 as a part…
other topicBounce Cheque7 years ago Bounce Cheque Where any cheque drawn by a person on an account maintained by him with a banker for payment…
TDSTCS Highlights7 years agoTCS Highlights Nature of Payment Threshold Amount TCS Rates (%) F. Y. 2018-19 Individual / HUF Others Scrap – 1…
other topicExcel in Excel!7 years agoExcel in Excel! Ctrl+1 Format cells dialog box Ctrl+2 Bold Ctrl+3 Italic Ctrl+4 Underline Ctrl+5 Strikethrough Ctrl+6 Show/Hide objects Ctrl+7…
other topicPAN mandatory transactions!7 years agoPAN is mandatorily required in all the following transactions: Payment of bill to hotel and restaurants one time in cash of…
other topicImportant Ratios for Investor7 years agoPrice-to-Earnings Ratio (P/E) P/E Ratio = Price per Share / Earnings Per Share It is considered as one of the most important ratio…
other topicApplicability of Indian Accounting Standards (Ind –AS)7 years agoVoluntary Adoption of Ind AS Financial Reporting Year 2015-16 Any company may follow IND AS for financial statements on a…
IT JudgementTDSAssessee is liable to TDS on LTC allowance even if it comes to know about foreign travel by employees only at time of reimbursement of bills: ITAT7 years agoAssessee is liable to TDS on LTC allowance even if it comes to know about foreign travel by employees only…
TDSTDS on Sale of Immovable property7 years agoThe buyer is required to deduct TDS @ 1% on the total consideration under section 194IA of Income Tax Act…
TDSCertificate for lower deduction of TDS7 years agoAn assessee who wishes to apply for the certificate of no deduction or deduction at lower rate of TDS shall…
TDSNo TDS done? Don’t worry about Disallowance of Expenditure.7 years agoTax Deduction at Source (TDS) is an onerous responsibility casted on the payer of income. Non compliance imposes multiple consequences…
other topicBusiness Compliance Calendar for the month of August – 20187 years agoBusiness Compliance Calendar for the month of August – 2018 07.08.2018 – Due date for Payment of Tax deducted/Collected (TDS/TCS)…
other topicFiling the return of Deceased Tax payer – procedure for registration of Legal Heir7 years agoThe process is little cumbersome but there is no other option but to follow the following Steps for Legal Heir Registration…
other topicClaim Unclaimed Dividend !7 years agoClaim Unclaimed Dividend! On 5th September 2016, Ministry of Corporate Affairs had notified Investor Education and Protection Fund Authority (Accounting,…
NewsMr. FM, Please Extend the Due Date !!7 years agoRep 23 - Ext of Due date of ITR of 31.7.18-Ack-CM, CBDT edited_Extension-of-due-date-of-ITR-FINAL Representation for waiver of fee…