Penalty is one of the weapon which is now used by Income tax department (ITD) for each & every kind of addition they are making during the assessment. Further recently the weapon also used for transfer pricing documentation also. The handling of
TAX TREATMENTS ON GIFT The amendment of Sec 56(2) of the income tax act has intensely changed the scenario of the tax treatment of gifts received by an assessee. The amended provision states that · Where any sum of money exceedin
FREQUENTLY ASKED QUESTIONS ON SERVICE TAX By Madhukar N Hiregange (FCA, DISA) & Sri
Rate of income tax in respect of income liable to tax for the assessment Year 2017-18The slab rate and rates of taxes are not changed for the Assessment year 2017-18. These are same as for the AY 2016-17, Which are as
MY TIPS AND TRICKS FOR THE TAXATION Hi Friends, after writing my article on MY TIPS AND TRICKS FOR THE ACCOUNTS many of our friends asked me to write an article on the other subjects also. So, As per our friends request I am now sharing my tips and
I write this article on 20th January 2015, one day after the CA Final results were declared. As with any result there were moments of ecstasy on one side and then there were also the moments of sorrow and crying for those who didn't clear. Thos
"Chartered Accountancy", the first thought that comes to the mind is, it is very tough to clear the exams and this becomes evident by a look at the previous pass percentage results and what we get to hear from the people surrounding us. S
RTI Act is the most revolutionary act for setting out the practical regime of Right to Information, the 3 Key building pillars behind the act are Responsibility, Transparency and Accountability, which empowered Indian Citizens to secure access to information directly from the Government/Public Authorities.
This article contains various Compliance requirements under Statutory Laws. Compliance means 'adhering to rules and regulations.' Compliances under:1. Complianc...
BACKGROUND OF TRANSFER PRICING It is a universal phenomena that Mutlinational Companies(MNCs) have branches/ subsidiaries/divisions operati
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English