Articles by KCJM and Associates

Prosecution u/s.276CC for non-filing of ITR

Posted by KCJM and Associates 15 June 2020 28293 Views

FAILED TO FILE INCOME TAX RETURN IN TIME?????BE PREPARED TO GET ARRESTED!!!If you have not filed your return at all or by the end of the assessment year, be prepared to get handcuffed because the Income Tax Department can slap you a notice of prosecu

Capital Gain Exemption under section 54GB

Posted by KCJM and Associates 06 February 2014 32988 Views

INVEST IN YOUR OWN BUSINESS AND SAVE TAX ON CAPITAL GAIN!!!Capital Gain Exemption under newly introduced section 54GB of the Income Tax ActTill 2012, one of the way to claim exemption from the chargeability of Long Term Capital Gain on transfer of a

Sweep Transfer your Fund - Make your unused funds earn more

Posted by KCJM and Associates 16 February 2013 13446 Views

So what is Sweep Account? A sweep transfer account is integration of your normal savings account to an investment account. There are a lot of unused funds laying in your savings b

FAQs On Rajiv Gandhi Equity Saving

Posted by KCJM and Associates 16 February 2013 13856 Views

Frequently Asked Questions on Rajiv Gandhi Equity Savings Scheme,2012 (I) Introduction to Rajiv Gandhi Equity Savings Scheme, 2012 1) What is Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS)? A. With an objective to encourage flow of savin

One Person Company- A New Business Ownership Concept

Posted by KCJM and Associates 07 February 2013 51076 Views

The Companies Bill 2012, passed by the Lok-Sabha introduces a new form of Company by the name of One Person Company (OPC). Its concept is parallel to the existing concept of Sole-proprietorship whereas it shall be recognized as separ

HUF - A Tax entity for your benefit

Posted by KCJM and Associates 07 January 2013 36970 Views

A Common Question which a Taxpayer usually asks a Chartered Accountant at the time of filing his Income tax Return; How to save tax legally by forming HUF? The Hindu Undivided Family (HUF) structure is a very effective way to save tax and a lot of p