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Tax Planning On Income

Mr. PURNA P 14 August 2007 at 03:52

Tax Planning for Income The goal of income tax planning is to minimize your federal income tax liability. You can achieve this in different ways. Typically, though, you'd look at ways to reduce your taxable income, perhaps by deferring your income or

Insertion of Section 79A - Plugging of lacuna by the Finance Bill 2022

CA.Mohit Gupta 21 March 2022 at 09:03

In the Union Budget 2022-23 through Finance Bill 2022, among other tax measures, the Hon'ble Finance Minister recommended "Insertion of New Section 79A: No set-off of losses consequent to search, requisition and survey".

Reservations/ quota system do we need them?

Dhruv Nandani 13 October 2014 at 11:12

Just having read the topic, many of us may come to a conclusion that, NO there is no need for reservations, we believe in merit. Let people compete on merit, why shall someone be given preference at the cost of others. Let people be given equal oppor

SEC.206AA -NOT WITHSTANDING THE GLOBE

CA S.SAIRAM 26 July 2010 at 11:55

Sec. 206 AA of Income tax act 1961 (effective from 1.4.2010) was once a hot topic not only in India, but also some other countries which have financial dealings with India. These Non obstante clauses have been historically known to be plaguing our i

In the world of Service Tax many questions lack an easy answers

MONISH BHALLA 13 November 2010 at 17:18

The complex and overlapping service tax structure is a bottle-neck not only for businessmen but also for professionals in service tax department. There are many questions which do not have easy answers. In fact, some issues are so perplexing that ev

CA course - Who should and should not do it

Member (Account Deleted) 14 March 2022 at 13:19

Chartered Accountancy is one of the most highly regarded professions in India and is widely recognized around the world. Read along as we explore more about it as well as who should consider doing the CA course and who shouldn't.

INFLATION ADJUSTMENT

sumat singhal 31 July 2008 at 17:16

Inflation Adjustments[Submitted by SUMAT SINGHAL CA(PCC) INDORE]It is a well known fact that inflation causes all the factors of the economy to change. Some of the important factors to get affected include investment, stocks, mortgage, unemployment

GST compliance for event management industry

CA Pradeep Kumar Rajput 18 October 2018 at 11:46

Event Management is a kind of industry where almost every event is different from the previous one, where each event requires something new on the plates. And t..

Reverse Charge (RCM) on Renting of Motor Vehicle

robin garg 08 June 2020 at 10:07

RCM on rent of Motor Vehicle was notified w.e.f. 01/10/2019 through notification no. 22/2019 CGST(rate) dated 30-09-2019. Later due to some confusion amendments and clarifications are introduced on 31/12/2019 through Notification No. 29/2019- CGST(Rate) and Circular No. 130/2019.

Deferred Tax Introduction

Shubham Gupta 29 March 2016 at 11:44

Deferred tax When we look out for the meaning for "Deferred�" it means to Postpone or delay. Similarly deferred tax is also liability to pay tax in future that we have postponed and have to reflect in our balance sheet.With coming of finan