Community & General Articles

Valuation of leave travel concession in India

Posted by Aashish Ramchand 04 October 2012 18750 Views

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

Gratuity and its allowable exemption limit

Posted by Aashish Ramchand 02 October 2012 229201 Views

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

Leave Salary and its Taxation

Posted by Aashish Ramchand 09 April 2020 200673 Views

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

Procedures for incorporation of Company

Posted by CMA Arif Farooqui 26 September 2012 30516 Views

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

Limited Liability Partnership (LLP) Recent changes

Posted by CS DHANAPAL 21 September 2012 31938 Views

INTRODUCTION The concept of Limited Liability Partnerships (LLPs) in India was introduced in the year 2009 with the enactment of the Limited Liability Partnership Act, 2008 (6 of 20

Do you know how much you can benefit from Financial Planning

Posted by Nishant Merwani 09 May 2021 22913 Views

A sturdy house has a good, solid foundation, and is built following a sound architectural blueprint. By figuring out how you will create the home beforehand, you will ensure that you will be building the best structure you could possibly build,

FDI in Retail: The Darker Side

Posted by akash gupta 20 September 2012 24129 Views

Over the past week the topic FDI in multi brand retail has become a platitude with most of us professionals painting a rosy picture of the supposed benefits that such a policy will usher and the sweeping change it will bring. However, I hold a lit

FDI in retail

Posted by CMA Arif Farooqui 18 September 2012 24471 Views

Dear Professional Friends, There is much cry about FDI in retail but on analysis it on economical point of view, I found in present situation, FDI in retails in very beneficial for Indian Economy. If you remember, same type of buzz was created at

Ratio Analysis

Posted by Member (Account Deleted) 17 September 2012 76206 Views

Analysis of financial reports requires skill of mathematics, accountancy as well as statistical tools. But there are some basic ratios which can be helpful for a layman also to analyze the Balance Sheet, Profit & Loss A/C of a company or a ban

Lower/Nil rate of tax deduction certificate for works

Posted by Amit Bajaj 13 September 2012 14426 Views

It is ussualy seen that works contractors registered under Punjab VAT Act, 2005 have always refund to claim from the Excise & Taxation department due to the fact that their final tax liability is much lower/Nil than the tax deductions made u/s