Others Articles

Valuation of leave travel concession in India

Aashish Ramchand 04 October 2012 at 10:53

Valuation of leave travel concession in India [Sec. 10 (50)] - Leave travel assistance provided by an employer to an employee for going anywhere in India along with his family is exempt on the basis of provisions given in the table below. F

Time Management for Final Exam Preparations

CA Dhiraj Ramchandani 03 October 2012 at 12:43

Introduction As I already mentioned in my earlier article, that I am receiving such requests of providing time schedules for preparation of different subjects for exams. In that

Venture World: An Introduction to Venture Capital

CA.Mathew Jacob 03 October 2012 at 10:50

As we know Venture Capital is a financial capital provided to early-stage, high-potential and risk companies. In other words, its the capital that is invested in a

Gratuity and its allowable exemption limit

Aashish Ramchand 02 October 2012 at 14:00

In this article I have discussed the various provisions regarding gratuity and its taxation - Gratuity is a retirement benefit. It is generally payable at the time of cessation of employment and on the basis of duration of service. To discuss th

Rajiv Gandhi Equity Saving Scheme and BSDA

Chirag Shah 02 October 2012 at 13:04

Free Demat Account (BSDA) for all and income tax benefit to new investors (RGESS) One of the main objectives of SEBI is to protect investors and develop the securities market in India. In line with this objective, SEBI on August 27, 2012 issued

Reversal of Cenvat Credit if inputs/capital goods are partially or fully written off: Rule 3 (5B)

Manoj Pala 29 September 2012 at 11:27

Sub-rule (5B) of Rule 3 of the CCR provides that if the value of any: (i) input, or (ii) capital goods before being put to use, on which CENVAT credit is taken is written off fully or partially or where any provision to write off fully or partia

Time Management for IPCC Exam Preparations

CA Dhiraj Ramchandani 29 September 2012 at 11:27

Introduction Ok so, I have been receiving calls and messages from people, regarding time management for the studies. I have already stated the same in my previous articles, bu

Leave Salary and its Taxation

Aashish Ramchand 28 September 2012 at 12:47

In this article I have explained the various provisions regarding the taxability of leave salary - What is leave salary? As per service rules, an employee gets different leaves. An employee has to earn leave in the first instance and onl

Audit under section 44AB

Aashish Ramchand 28 September 2012 at 12:47

I have discussed the various provisions with respect to section 44 AB below The following persons are liable to get their books of accounts audited compulsorily by a Chartered Accountant 1) A person carrying on business if the

Procedures for incorporation of Company

CMA Arif Farooqui 26 September 2012 at 12:36

The best way to start a business is to incorporate Private limited company because it has many advantages like limited liability of members and directors, separate legal entity, easy compliance, etc. A company can be formed with minimum 2 direct