Bai shrinbai k.Kooka(SC) There is no transfer involved when an assesses converts a capital assets into stock in trade of the business carried on by him. The act of conversion is similar to taking out the money from on pocket and keeping the same in the other pocket of the same person. The above judgment […]
Through life Insurance Policies individuals and HUF can save major tax .Lots of major changes have done in Section 194DA on payment of premiums which can be easily understand through below article.Amendments to section 80C – Tax Effect on Life Insurance Policies:-While claiming deduction U/s. 80C for Premium paid life insurance policies, exemption amount is […]
As per Press release on dated 17.10.2014 the last date of filing of the TDS/TCS Statements for the 2nd Quarter of Financial year 2014-15 for the deductors/collectors in the States of A.P, J & K, Odisha & Telangana is 31.10.2014.
For determining the taxability of the income residential status must be seen first. because the taxability of income depends upon the residential status of person. Following is the situations when the taxability of income depends on the status of person First:- what is the residential status of the person as per the Income-tax Act 1961.and […]
Here I am discussing about to prepare financial reporting subject for ca final . As you are going to fight with ca final examination in November 2014, Financial reporting is the best scoring subject if you prepare with trick ,We have to study and understand as it is going to be part of our day […]
10th October 2014 -Due date for deposit of Tax deducted/collected during the month of September, 2014 10th October 2014 - Due date for deposit of TDS for the period July 2014 to September 2014 when Assessing Officer has permitted quarterly deposit of TDS. 15 October 2014 -Quarterly statement of TDS/TCS deposited for the quarter ending […]