It is more natural to forget something than to remember it. If you intend to remember something, apply as many of the following techniques as possible. 1. Be flexible. Experiment with many learning procedures. Be willing to abandon outmoded
Highlights of quarterly review of Annual statement of Monetary Policy 2007-08 RBI Governor presents Third Quarter Review of Annual Statement on Monetary Policy for 2007-08 Dr. Y Venugopal Reddy, Governo
Better Late then Never It is the statutory obligation of every person to furnish a return of taxable income, where the total income in any relevant financial year exceeds the maximum amount which is not chargeable to income tax. The return of income
Highlights: 6th Pay Commission[Submitted by CA. Praveen Chopra,Gandhidham] High performers to get 3.5% increment against normal 2.5% Enhanced pay scales for nurses, teachers and constabulary Existing rates of most of the allowances to be doubled
Lessons from the Sub-prime Crisis[Submitted by CA Praveen ChopraGandhidham] March 25, 2008Sub prime crisis is seen as an ugly incident that has dealt a heavy blow to the investors’ confidence, spelling doom on the securitisation markets across
Important Pointshould keep in mind while claiming deuction on life insurance premium paid u/s 80C are given below: Deduction u/s 80c of income tax is available to Individual and Huf Assessee. Maximum total eligible amount under this head (LIFE insu
DREADING A SEARCH: KNOW YOUR RIGHTSFor the revenue intelligence agencies, search is a powerful instrument to gather evidence against tax evaders. In fact, given the magnitude of tax evasion in the country, searches are conducted almost everyday by on
Analysis of Retirement benefit (Gratuity)[Submitted by CA. Praveen Chopra,Gandhidham]March 26, 2008Meaning :-Gratuity is a statutory benefit paid to the employees under the Payment of Gratuity Act, 1972 who have rendered continuous service for at le
CENVAT Credit on Mobile Phones[Submitted by CA Praveen Chopra,Gandhidham,Gujarat]March 25, 2008Cenvat Credit is allowed to output service provider in respect of service tax paid on input services, which are consumed in providing output service.It is
CENVAT FAQWhat is CENVAT Credit?Cenvat Credit is a scheme where the manufacturers or the output service providers are allowed a set off of the taxes paid on the inputs or the input services that are used while manufacturing the final products or prov
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