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GST and Constitution
The GST Model proposed in the First Discussion Paper produced by the Empowered committee of state finance ministers on Nov 10, 2009, will be dual in nature. It will consist of two components: CGST (Central GST) and SGST (State GST) simultaneously lev
TDS on Reimbursement made to NRI
Query-Mr A is an employee of XYZ foreign Company . He rendered his services to all the companies with in the same group. One of the group company is situated in India. So for performing his job he has to visit Indian Company. The important things
How Many House Properties an NRI Can Own or Hold in India?
Foreign Exchange Management Act,1999 under section 6(3)(i)grants permission to RBI to prohibit,restrict or regulate acquisition or transfer of immovable property in India, by a person resident outside India. RBI pursuant to powers conferred under se
Concept of Advance tax
Concept of Advance tax Introduction: According to sections 208 of the Income tax Act 1961, tax shall payab
Take care and make your life easier - CA's
- At early age if the person manage to have his own residence house. He would prefer to go for that first. It will not only give the benefit of tax, but vis--vis offers security in life. He would also think of the following option available
When the going gets tough, the smart guys cook the books
When the going gets tough, the smart guys cook the books-examples of Jet and Kingfisher Warren Buffet famously said that an investor should have shot down the first aircraft that the Orwells flew, so that future investors would not have seen value
Who is Responsible for TDS on sale of shares by NRI's
Q.We are an Indian Company and our 5% equity is held by an NRI .Under an scheme of buyback of equity shares announced by our Company, the said NRI has offered all his equity for buyback. The said shares were acquired by him in convertible foreign ex
Frequently Asked Questions on Companies (Cost Accounting Records)
1. What is the legal authority of the Companies (Cost Accounting Records) Rules 2011? Central Government, in exercise of the powers conferred by clause (b) of sub-section (1) of section 642 read with clause (d) of section 209 of the Co
Why Do We Make Things So Difficult?
Why Do We Make Things So Difficult? Why does it happen, so often? When I think that I will start wake up early morning from tomorrow but I dont able to follow the same, while at the examination time I dont make commitments and I w
Accounting by Real Estate Developers
The total Cost can be divided under the following Cost Centers: Project Cost Centre (PCC) Specific Costs Head Office Cost Center (HOCC) Common Costs and Administration and Selling Costs
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