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Profession Tax Act, 1975 Maharashtra

  Sumati Dinkar Jadhav    02 April 2011 at 13:13

PROFESSION TAX ACT, 1975 MAHARASHTRA By. Sumati Dinkar Jadhav - CMA Student and Traniee at Devarajan Swaminathan & Co.- Cost Accountants This act is also called as The Maharashtra State Tax on Professions, Trade, Callings and Employmen



Resolution for Traces Website Error - Error in establishing connection with traces websocket emsigner

  CA Kunal Arora    27 September 2021 at 10:20

Many of us during filing of TDS returns or rectifications on the traces portal have faced the issue as shown in the image.This article will guide you to 100% gu..



Understanding E1 and E2 Sales under CST Act 1956

  Amit Bajaj    17 December 2010 at 13:00

Central Sales Tax Act 1956 envisages single point of taxation i.e tax at the first point of sales. Subsequent sales during the movement of the goods from one state to another have been exempted under section 6(2) of CST Act. Before proceeding to u



Capital gains - Exemption from tax u/s 54 & 54F

  CMA Poornima Madhava    01 April 2015 at 10:49

Capital gains - when and to what extent exempt from tax u/s 54 & 54FSection 54 provides exemption to capital gains arising from transfer of a residential house property (being building or land appurtenant thereto), the income of which is chargea



No TDS u/s 194J on Payments for Software Purchase

  CA AMIT KUMAR SHARMA    14 July 2021 at 09:26

As Per notification no. 21/2012 dated 13.06.2012 no deduction of tax shall be made on certain payments by a person for the acquisition of software from another person.



Most Ignored Section 80GG - Deductions in Respect of Rents

  Amol Gopal Kabra (CA,CS,DISA)    02 May 2011 at 11:27

SECTION 80GG DEDUCTIONS IN RESPECT OF RENTS PAID Section 80GG is a little ignored Section of the Income Tax Act, 1961. This section provides deductions to those individuals who dont get any benefit of the amount paid towards rented accomm



Levy of penalty or interest for non submission of C forms

  Amit Bajaj    09 May 2011 at 16:18

As we know C forms are required to be submitted by a seller with the sales tax authorities after obtaining the same from the purchaser of goods if the sale is an interstate sales and CST has been charged at concessional rate of 2% as per the require



Passing of Board resolution by circulation under Section 289

  Ankur Garg    03 April 2009 at 14:19

Passing of Board resolution by circulation under Section 289 of the Companies Act, 1956. In the absence of any provision in the Act or the Company’s articles of association, requiring that the exercise of a particular power of the directors sh



deduction u/s 80-IA of income tax act, 1961

  CA Anshu Agarwal    28 January 2010 at 14:07

3.1 Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc. [Section 80-IA]3.1.1 Applicability: where GTI includes any profits and gains derived from eligible business.



How I passed IPCC(both groups) in 60 days

  Member (Account Deleted)    12 February 2011 at 11:24

My name is Pai. Abhijit Pai. This is my first article and hopefully not the last one on ca clubindia. I have passed both groups of my November 2010 IPCE in my first attempt. I studied for a period of 60 days in a systematic way and managed to cover




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