Simplifying Taxation in India
Objective Questions on Basic Concepts of Capital Gain 1 Which of the following is not a capital asset ? a Car used for household purposes c Rural Residentail Land b Jewellery d Patent Rights 2 Which of the the following asset shall be long term after completing the holding period of more than 12 months? … Read more
Breif Notes on PAN Card / Notable Points of PAN Card Various aspects of PAN to be covered• What is PAN?• Utility of PAN• Who has to obtain PAN?• Transactions in which PAN is mandatory• How to apply for PAN?• How to correct any mistake in PAN card or intimate any change in data pertaining … Read more
Need for Direct Tax code (DTC) The Income Tax Act was passed in 1961 and has been amended every year through the Finance Act. Thus the Income Tax Act today is very difficult to interpret and has resulted in many disputes and court cases. Now such tax system is required which is broad base, simple … Read more
Provisions related to TDS on withdrawal from Employees Provident Fund Scheme, 1952(FORM No. 19)No TDS in respect of the following cases:- Transfer of PF from one account to another PF account. Termination of service due to Ill health of member /discontinuation of Business by employer/completion of project/othercause beyond the control of member. If employee … Read more
ROC FEES AND STAMP DUTY CALCULATOR I INCORPORATION Authorized capital Enter 1,000,000 Stamp Duty 5,120 Break-up Articles 5,000 – Memorandum 100 Form INC 7 20 ROC fees 38,600 “Total Expenses (Fees + Stamp Duty)” 43,720 Break-up Form – INC 1 (Name Availability Application) 1 1000 MOA Number 1 36,000 – AOA Number 1 … Read more
Annual Filing for Limited Liability Partnership & Private Limited CompanyAnnual filling in Limited Liability Partnership : S.No. Documents e-Form1 Statement of Account & Solvency Form 82 … Read more
Registration of DSC1. Go to the following link:http://www.mca.gov.in/MinistryV2/certifying-new.html 2. You will get the following screen 3. Click register DSC if DSC 4. Click Director 5. Fill name as in PAN records. Fill fathers name and in the column of Mothers maiden name, fill fathers name. There are chances of getting a message that your DSC has … Read more
Changes Applicable from – 01.03.20161. Restoration of exemption on services provided to the Government, a localauthority or a governmental authority. 2. Restoration of exemption on services to an airport and port. 3. Withdrawal of exemption on services to monorail or metro, in respect ofcontracts entered into on or before 01.03.2016 4. Exemption to services by … Read more
History of Service Tax Rates in India 1994 to 2016 Period 01-Jul-94 13-May-03 Service Tax Rates 5% Edu. Cess 0% Higher Edu. Cess 0% Swachh Bharat Cess 0.00% Krishi Kalyan Cess 0.00% Effective Levy 5.00%Period 14-May-03 09-Sep-04 Service Tax Rates 8% Edu. Cess … Read more
VERIFICATION OF MARKS OF COMPANY SECRETARIES EXAMINATIONSIn terms of Regulation 46 (2) of the Company Secretaries Regulations, 1982, as in force, a candidate can seek “Verification of Marks” in any subject(s) of CS examination within 30 days from the date of declaration of results. The application for verification of marks should be made by … Read more