Articles by CA Pallav Singhania

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Taxability on Job Work under GST

CA Pallav Singhania 26 November 2016 at 11:32

Goods and Service Tax on Job Work

I Failed But not Defeated

CA Pallav Singhania 22 January 2016 at 10:36

After the drastic CA final exams the "Surprise Surprise" result was expected not only by me but by everyone.Unfortunately it didn't happened and the result was very disappointing and scary.It was my second attempt for the finals and I w

What the New KYC Norms Mean for Your Mutual Fund Investment

CA Pallav Singhania 02 January 2016 at 11:48

Hello Everyone,After a long time I'm back to CCI.All mutual fund investors, whether new or existing, will have to provide additional Know Your Customer (KYC) details to their fund houses.Here is a 10-point cheat-sheet:1) In September this year, t

Mandatory Pan Under The Income-tax Act

CA Pallav Singhania 03 January 2014 at 12:49

A Permanent Account Number (PAN) is one of the most important documents in the country today. It is an identification number which the Income Tax Department gives to all taxpayers. You need to quote the PAN for all financial transactions like opening

Accounting Standard Simplified Part-1

CA Pallav Singhania 02 January 2014 at 13:05

AS-1 Disclosure of Accounting Policies Significant Accounting Policies followed in preparation of accounts be disclosed at one place along with the financial statements. Any change and financial impact of such change should be disclosed. If

Short and Simple Wealth Tax

CA Pallav Singhania 26 December 2013 at 12:48

CHARGEABILITY (SECTION 3) Wealth tax is charged for every assessment year in respect of net wealth of the corresponding valuation date of every individual, HUF and company, at the rate of 1% on the amount by which the net wealth exceeds Rs. 30,00,0

Presumptive Taxation U/S 44AD Simplified

CA Pallav Singhania 31 October 2013 at 12:45

Businesses have been grown over the period of time due to general growth of the economy and varied other reasons. But at the same time various numbers of business and service providers, irrespective of their area of operations, earning substantial i

Income from Salary Simplified

CA Pallav Singhania 21 October 2013 at 16:54

BASIS OF CHARGE: [Section 15] As per Section 15, salary consists of the following: any salary due from an employer or a former employer to an assessee in the previous year, whether actually paid or not; any salary paid or allowed to him in the

Capital Gain Tax Simplified

CA Pallav Singhania 16 October 2013 at 13:06

Chargeability u/s 45 Profits or gains arising from the transfer of a capital asset is chargeable to tax in the year in which transfer take place under the head "Capital Gains". Definitions Transfer: Sec. 2(47): Transfer in relation to

What makes you a Chartered Accountant!!

CA Pallav Singhania 01 August 2013 at 12:50

Hello everyone after a long time I'm writing an article, I hope you that this will encourage and motivate you as my earlier ones did. This article is all about what makes a person to become a Chartered Accountant. The word Chartere