The biggest mistake by brokers is that they never make their clients aware of Unsolicited Messages, Pumping and Dumping Scheme in the market by which a person may lose all their money.
Owing to various complexities, people tend to make many mistakes while filing their Income Tax Return which can be easily avoided if proceeded with more caution.
Under Section 44AD, small taxpayers with less than 2 crores of turnover are not required to maintain books of accounts and their profits are presumed to be 8% of their turnover.
Articleship period is rightly the golden period of a CA student. This period boosts a student's confidence whether to face the Corporate World or have an Individual Practice.
National Pension Scheme is a scheme introduced to cultivate a habit to save money for pension. It is available to any person between the age group of 18-65 years.
There is an evident lack of financial literacy in India but various reports and surveys point out that the case is worse for women.
Under Section 194Q the buyer deducts an amount equal to 0.1% of such sum exceeding Rs 50 lakhs in case the supplier of goods provides the buyer with its valid PAN details.
RoDTEP is a reform, based on the globally accepted principle that taxes and duties should not be exported, and taxes levied on the exported products should be either exempted or remitted to exporters.
The taxpayer is liable to pay simple interest @0.5% on the amount so refunded for every month or part of a month comprised in the period from the date of grant of refund to the date of regular assessment.
The Act has converted certain offences into civil defaults. It has also defined small LLP, provides for the appointment of certain adjudicating officers, and establishment of special courts.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
