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SERVICE TAX IN BRIEF Overview Introduced on the recommendation of Chelliah Committee No Separate Statute Administrated by Chapter V and Chapter VA (i.e. Section 64 to 96(1) of the Finance Act, 1994 Following Rules
I have learnt more about punctuation doing Call and Compare or CC as its lovingly called than I Have learnt in school. My suggestions are always valued.When I say I dont want to go to any outstation audit. I immediat
Self assessment under service tax has been started in the year 2001. In any self assessement taxation system, the onus is on the assessee to make true disclosure of all statutory information required to be disclosed. Non/wrong disc
The concept of Slump Sale was introduced in the income tax law through section 2(42C) and section 50B in AY 2000-01 consequent to a ton of litigation and ambigu..
Why to form Company, when there are other Business Structures (for profit) available: Sole Proprietorship (Business Structure for Profit) Part
Taxability of immovable property received for inadequate consideration: It is proposed to amend the provisions of clause (vii) of sub-section (2) of section 56 so as to provide that where any immovable property is received for a considerati
Notice under section 143(1) of Income Tax Act 1961Basic Understanding The income tax department validates each ITR wit
The Ministry of Corporate Affairs (MCA) has notified the Indian Institute of Corporate Affairs (IICA) at Manesar (Haryana), as an institute to create and maintain a data bank containing names, addresses and qualifications of persons who are eligible and willing to act as independent directors
Books of Accounts u/s 209 U/s 209, company must maintain proper books of account at its registered office: a) Receipts/payments b) Sales and Purchases c) Assets and Liabilities d) If company engaged in production, processing, manufacturing or
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