The most interesting part of the Budget-2012 is going to be the Limit for Individual Taxation and there is a hope for individual Taxpayers to get a very good response in this respect from the Finance Minister Mr. Pranab Mukharjee. This aspect of the
The Central Government has exempted certain class of persons from filing the income tax return subject to following condition: 1. Assessee should be individual 2. Income does not exceed Rs. 5 Lac 3. Income is chargeable under Salaries Intere
Corruption a buzzword in todays society has found its place on every tongue, but is rather bitter in taste. Each day corruption is striking hard on the economy, some social activists are trying to curve the corruption but the fa
During my study of both direct tax and indirect tax law, I saw quite a few instances where although the activity in question was illegal or prohibited, that fact was not considered for the purpose of tax law. That does seem a bit strange that tax la
MANIPULATIONS THROUGH ACCOUNTING AND FRAUDS: Introduction: India figures amongst the top nations so far as stashing the black money abroad is concerned. It is estimated that one fifth of our GDP is there running parallel in the economy which transl
Hello friends, this is my first article for CCI. I had been wishing & wanting to write one so here I am writing it. Before registering for CA course ,I had heard so many things about it( difficult one ,little expensive ,need to be smart &
Welcome Mr. Mehta, What can do I for you ? said Jenny, a relationship manager working with a leading private sector bank, to the bank customer Mr. Mehta, who himself is a tax consultant. I just wanted to deposit these cheques
From my school days, I am a average students, after I follow these things, my capacity to study was enhanced very well. 1) Select a regular place and concentrate fully and study. 2) Whatever you study, give 5 to 10min relaxation for every 1 hour. 3
What do you think? CA is difficult or not? Obviously either your answer will be Yes, if you are fed up with attempts to try again & again or may be No if you have cleared your attempt in 1st attemp
What is e-payment of taxes? This is a facility provided to the taxpayers to make income tax payments through internet, using net-banking facility. How can I use this facility to pay income tax? You can use the facility if - a) You have a bank ac
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