Form 15H in word format

FORM NO. 15H[See section 197A(1C) and rule 29C(1A)] Declaration under section 197A(1C) of the Income‐tax Act, 1961 to be made by an individual who is of the age of sixty years or more claiming certain receipts without deduction of tax.PART – I1] Name of Assessee (Declareant) : 2] PAN :   3] Age: 4] Assessment… Read More »

Instructions to e-File Form 15CA and 15CB

Instructions to e-File Form 15CA and 15CBPage 2Table ofContentsRegistration process for Filing Form 15CA …………………………………………..3Filing process…………………………………………………………………………………. 3View Form 15CA …………………………………………………………………………….. 7Registration process for Filing Form 15CB …………………………………………..9Pre-requisite………………………………………………………………………………….. 9Filing process……………………………………………………………………………….. 10View Form 15CB …………………………………………………………………………… 11Instructions to e-File Form 15CA and 15CBPage 3Registration process for Filing Form 15CATo file the “Form 15CA”, user should hold valid PAN/TAN… Read More »

Business Transactions – Investment Transactions

BUSINESS TRANSACTIONS vs. INVESTMENT TRANSACTIONS The income arising from Sale of Shares/Debentures or other securities and real estate business will be determined and taxed on the basis, whether they are Capital Asset or Business Asset. It is important to determine, whether the income is generated from Capital Assets or from Business Assets and be determined… Read More »

Important Income Tax Due Dates for the 2016-17 Financial Year

Creditts: CA Dau Daga and CA Arjun Raneja File has Below Important activities mentioned with their dates. TDS/ TCS Payment Due Dates for the 2016-17 Financial Year TDS/ TCS Return Due Dates for the 2016-17 Financial Year Advance Income Tax Due Dates for the 2016-17 Financial Year Income Tax Return Due Dates for the 2016-17 Financial Year… Read More »

Interest on Service Tax Delayed Payment Calculator

CALCULATOR for Interest on Service Tax Delayed Payment (w.e.f. 01.10.2014) E.g. Format:Turnover during the Previous Financial Year 8,14,96,170.00 Concession of 3% in rate of interest applicable or not (Provision to Section 75 of the Finance Act, 1994) NO Service tax payable 79,351.00 Due date of payment 12-Feb-2015 Actual date of payment 10-Apr-2016 Total period of… Read More »

Notes on CA Final AMA

CHAPTER 1: DEVELOPMENTS IN BUSINESS ENVIRONMENTAccounting is the language of business that communicates the financialresults of an enterprise to various stakeholders viz., investors, regulatingagencies, the management itself etc. by means of various financialstatements. Accounting is the process of identifying, measuring, recording,classifying, summarising, analyzing, interpreting and communicating thefinancial transactions and events. Accounting is classified into FinancialAccounting,… Read More »

Notes on Company Law for CA Final

Notes on Company Law Points to Remember 1.     All amendments corresponding with companies act 2013 are compiled in this summary 2.     Many sections of new companies act 2013 is not notified by MCA (ministry of corporate affairs) so that sections are of old companies act 1956 3.     Wherever as per companies act written that means… Read More »

FAQs and Limitations of Secretarial Audit

FAQs on limits of Secretarial Audit1. What is the limit for the issue of Secretarial Audit Reports for financial year 2016-17?The Council of the Institute at its 235th meeting held on February 11, 2016 reviewed the existing limits for the issue of Secretarial Audit Reports and decided as below:– 10 Secretarial Audits per partner/ PCS,… Read More »

Main Changes in Revised CARO

MCA issues CARO, 2016, effective from FY 2015-16, excludes applicability to banking co./insurance co./OPC/small co. MCA issues Cos. (Auditor’s Report) Order, 2016 (‘CARO, 2016’); States that CARO, 2016 is applicable to every co. including foreign co., except banking co., insurance co., Sec. 8 Co., OPC, Small Co. and prescribed class of private company (thresholds prescribed);States… Read More »

Income Tax Slab Rates for AY 2017-18

Income Tax Slab Rates for AY 2017-18Income Tax Slab Rates for FY 2016-17Income Tax Slab Rates for Financial Year 2016-17Income Tax Slab Rates for Assessment Year 2017-18 Income Tax Rates for Financial Year 2016-17 relevant to Assessment Year 2017-18 Sr. No. Particulars Tax Rates 1 Individual – Male and Female :- NIL Taxable Income upto… Read More »