There is a lot of confusion amongst people regarding whether to opt for QRMP or to continue with monthly returns. In this article, we will discuss the pros and cons of the scheme and whether you should opt for it or not.
WHAT IS A NPA (NON PERFORMING ASSET) Non Performing Asset means an asset or account of borrower, which has been classified by a bank or fin
Commandments of Tax Planning 1. Execution of Tax Planning: Execution of Tax planning should be such that the proposal should be applied with good conceptual knowledge of the facts. Tax Planning principles must be sound and also due care sh
Background:-The chargeability of service tax on the services provided by the Government is as per the negative list under Section 66D, which is reproduced as below:Services by Government or a local authority are not chargeable to services tax except
WHAT IS FRAUD: In simple terms fraud is a mistake with a reason. To explain more Fraud is an activity by a person who does his duty in a wrong way or refrains from doing his duty for some favors i.e. financial, tangible, or anythin
Company Secretary plays a very important role in the Corporate world. There many avenues were opened for company Secretary, the recent amendment of PMLA (Preven...
Hello Everybody, Today I wanted to share and touch a burning topic connected with our lives, our studies,
Arjuna (Fictional Character): Krishna, What major changes took place in the Maharashtra Vat Act from 1st April 2014?Krishna (Fictional Character): Yes Ar
Introduction :-As per Section 56 of Income Tax Act 1961, Gift exceeding Rs. 50,000/- is taxable in the hands of Donee and is to be indicated under the head Income from Other Sources in ITRs. But if gifts recei
Who can apply? (i) has not commenced any business activity or operation since incorporation; or (ii) is not carrying over any business activity or operation for last one year before making application under FTE. (i
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English