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Rank holder's tips to prepare Financial Reporting

Chinmaya Hegde 11 April 2019 at 11:14

The first impression is the best impression. This paper being the first paper at the CA Final level, the confidence you ga

What is Income Tax

S K 12 March 2007 at 09:31

An income tax is a tax levied on the financial income of persons, corporations, or other legal entities. Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or regressive. When th

OPC Annual Filing 2023: Compliances & Due Dates

CS Lalit Rajput 04 September 2023 at 08:52

A One Person Company (OPC) is a type of business structure that allows a single individual to start and operate a company with limited liability in accordance with the provisions as mentioned under the Companies Act, 2013 and rules made thereunder.

Provisions of Section 44AD - Part 1

CA.R.S.KALRA 08 December 2020 at 17:55

As per the proviso to 44AD(1), income can be declared as 6% of the turnover if the payment is received digitally or through the banking channel before the due date of return filing u/s 139(1).

GST latest amendments effective from 1st Oct 22

Kusum Gandhi 04 October 2022 at 07:56

Provisions of sections 100 to 114, except clause (c) of section 110 and section 111 of Finance Act 2022 notified via Notification No. 18/2022-Central Tax dt. 28..

Budget wishlist: What govt must do to ease pain of common man?

Rakesh Nangia 24 February 2015 at 17:43

As February 28 draws closer, a lot of expectation has built up on the tax front as this will be the first full-year Budget to be presented by the Modi government. The government has previously conveyed its intention to simplify the taxation system an

Primer on Belated Returns

K Srinivas, CMA CS 21 September 2012 at 10:38

Now that the extended last date for filing your Income tax returns for the year 2011-2012 is over on 31st August 2012 , what options do people who have missed the deadline have? How about filing the returns now after the due date? Here are the det

Investment - Part II (Investment Options)

CS LLB Pulkit Gupta 07 December 2010 at 14:33

Introduction There are many options available for investment. You can choose to put your money in government or private sector. Similarly you can also invest in properties like land and building or in bonds and other financi al instruments that yi

Internationally - Goods and Service Tax

Member (Account Deleted) 20 January 2011 at 10:59

VAT/GST provisions in countries other than India are quite streamlined and stable. As the Law in India is still not a reality we might look into the provisions which are in place since quite long and access the structure of rate, exemptions etc. 1. A