Power to tax is an inherent sovereign power of any government but in India a limitation is made under article 265 of the Constitution of India
A bank transaction tax. A bank transaction tax is a tax levied on debit (and/or credit) entries on bank accounts.
Accounting Policy, Software, Tax Returns, Financial Reports
Effect On Capital Gains By Shifting Base Year
Sec 145, ICDS, Accounting Standards, Companies Act Sec 129, 133
Exemption from Tax, under reporting, cash transactions, tax evasion
Helpful for Salaried Individuals for Deductions and Income tax benefits as per Budget 2016.
The data recently released by the government stating that only 1.25 cr Indian (individuals) pay income tax, that is, only 1%. It seems obvious to conclude that
Analysis of Compliance requirements of eCommerce portals and other important aspects under Goods and Service Tax aka GST regime.
At the very first instance, it has been a great step by the government that they have made available the ITR forms on 1st April itself. Although the last date of filing ITR is 31st July for individuals, people have already started filing returns from
Arjun (Fictional character): Krishna, what is the reason of agitation held by Jewellers across the Country. Why there businesses are closed from so many days? Let us discu
Arjuna (Fictional Character): Krishna, Currently the T-20 Cricket World Cup is on. Dhoni's stumping in the India v/s Bangladesh match is all over the news. The Financial Y
Hello Everyone,After a long time I'm back to CCI.All mutual fund investors, whether new or existing, will have to provide additional Know Your Customer (KYC) details to their fund houses.Here is a 10-point cheat-sheet:1) In September this year, t
Great news from Income Tax Department!Now, you don�t need to present yourself in office of Income Tax Authorities for correcting mismatches. Income Tax Department has come up with a new initiative in form of E-Sahyog through which mismatches ca
HRA (House Rent Allowance) should be exactly 50% or more of the Basic Salary Portion in order to take maximum HRA exemption relief: Transport Allowance should be increased to Rs. 19200 per
Pradhan Mantri Jan Dhan Yojana is National Mission for Financial Inclusion to ensure access to financial services, namely Banking Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. This financial inclusion cam
The Rule 12 of the Income-tax Rules was amended vide Notification No. 41/2015, Dated 15-04-2015. The new ITR Forms 1, 2 and 4S were notified for the assessment year 2015-16 vide said notification.In view of various representations received it was ann
Karneeti Part 100100 things of TAX for common man.!!Arjuna (Fictional Character): Krishna, Today �Karneeti� is completing its Century and we will continue it. In these �Karneeti� Articles we have discussed about various taxes
Dear Tax Payers , KYC is the buzzword first in Banks, next in Insurance Companies, and then Chartered Accountants offices .The Prevention of Money Laundering Act,2002 and Rules came into force from 1st July,2005, i.e., complet
Karneeti Part 82Lets Plan New Financial Year by following Jai HanumanArjuna (Fictional Character): Krishna, on 4th April, 2015 Hanuman Jayanti will be celebrated. So, if correlation of Hanumanji Chara
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