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Some lights on sec 44AA, 44AB, 44AD
44AA: MAINTENANCE OF BOOKS OF ACCOUNTS WHO SHOULD MAINTAIN : If a person carrying on business / profession and income from such business/ profession has exceeded 1,20,000 in any of the three p.y. or current p.y. (for newly set up business) I
Why RBI is not selling Dollar
Earlier, whenever USD used to touch levels of 56-57, we would see intervention from the Reserve Bank of India to control the rise and bring back stability. But now what has happened
Unleash the power of Vision and Mission
Vision Statements and Mission Statements are the motivating words or lexis chosen by victorious leaders to evidently and concisely transmit the path of the organization. By crafting a graspable mission statement and vision statement, one can vigorou
Tax Deduction on Purchase of Immoveable Property
This provision is applicable on transfer of immoveable property of Rs. 50 lacs or more. It requires TDS to be deducted at 1% of the price being paid by the purchaser of an immoveable property, irrespective of quantum of capital gains. If the seller d
SAP COFI For Beginners
COFI: SAP Coffee & Management Accountants: An ERP Spurt.-Indian Perspective ERP and the role of Professionals in global scenario has been changed. In nowadays SAP (R3)-HANA is using by lots of prestigious company not in India but i
Pointwise checklist on preparation of online format 3CD
Form 3CB/3CD Checklist Note: Ch stands for Characters Form 3CB 1. Select I if the firm of auditor is proprietorship and We for partnership from drop down option. Select the year under audit fro
Income Tax Effectiveness in India
Understanding effectiveness of Income Tax in India India is growing currently at the rate of approximately 5% per annum (as against over 6% in the previous year) as per the revised estimate by the Central government. Although Reserve Bank of India&r
Key Amendments in SEBI Regulations
Key Amendments made at SEBI Board Meeting held on 25th June 2013 A. SEBI (Buy Back of Securities) Regulations, 1998 1. The Companies will have to buy-back mandatorily 50% of the amount targeted and reserved for the buy-back (Existing Pr
MSME Benefit for Manufacturing & Service Unit
Hello Freinds, today i would like to share with you the various benefits which are available to Manufacturing Unit & Service Unit from the State government & Central Government. But unfortunately most of us are not aware of this subsidiaries
Reverse Charge with Relevant POPS Rules
1. INTRODUCTION OF REVERSE CHARGE MECHANISM Reverse charge mechanism is not a new concept in service tax. Under the reverse charge mechanism, instead of service provider, the service receiver is liable to pay service tax. But with effect from 1.7
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