Articles by KCJM and Associates

Capital Gain Exemption under section 54GB

KCJM and Associates 06 February 2014 at 12:27

INVEST IN YOUR OWN BUSINESS AND SAVE TAX ON CAPITAL GAIN!!!Capital Gain Exemption under newly introduced section 54GB of the Income Tax ActTill 2012, one of the way to claim exemption from the chargeability of Long Term Capital Gain on transfer of a

Prosecution u/s.276CC for non-filing of ITR

KCJM and Associates 01 February 2014 at 15:55

FAILED TO FILE INCOME TAX RETURN IN TIME?????BE PREPARED TO GET ARRESTED!!!If you have not filed your return at all or by the end of the assessment year, be prepared to get handcuffed because the Income Tax Department can slap you a notice of prosecu

Sweep Transfer your Fund - Make your unused funds earn more

KCJM and Associates 16 February 2013 at 08:28

So what is Sweep Account? A sweep transfer account is integration of your normal savings account to an investment account. There are a lot of unused funds laying in your savings b

FAQs On Rajiv Gandhi Equity Saving

KCJM and Associates 16 February 2013 at 08:28

Frequently Asked Questions on Rajiv Gandhi Equity Savings Scheme,2012 (I) Introduction to Rajiv Gandhi Equity Savings Scheme, 2012 1) What is Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS)? A. With an objective to encourage flow of savin

One Person Company- A New Business Ownership Concept

KCJM and Associates 07 February 2013 at 11:30

The Companies Bill 2012, passed by the Lok-Sabha introduces a new form of Company by the name of One Person Company (OPC). Its concept is parallel to the existing concept of Sole-proprietorship whereas it shall be recognized as separ

HUF - A Tax entity for your benefit

KCJM and Associates 07 January 2013 at 11:46

A Common Question which a Taxpayer usually asks a Chartered Accountant at the time of filing his Income tax Return; How to save tax legally by forming HUF? The Hindu Undivided Family (HUF) structure is a very effective way to save tax and a lot of p