How to save incometax?
Best way to save tax Investment in a house could be the best way to save tax. As prices of residential units have gone up in the range of Rs […]
Sunil Bhave
Difference between Old Schedule VI vs New Schedule VI
Old Schedule VI 1. (Op.Stk + Purchases + Direct Exps) – (Cl.Stk) (i.e Op.Stk – Cl.Stk) are Shown under the Head Expenses. Direct Expns are Shown Under the Sub Head […]
Direct-Tax Amendments by Finance Act – 2011 ~ Summary
Direct-Tax Amendments by Finance Act – 2011 (1) Rates of Taxes Section 2 of Finance Act-2011 read with First Schedule of Finance Act-2011 Part-I Part-II Part-III […]
Rule of additional duties of excise
Rule of additional Excise Duty RULE 01: SHORT TITLE. These rules may be called the Additional Duties of Excise (Distribution) Rules, 1962.RULE 02: PROVISIONAL DISTRIBUTION OF THE SHARE OF ADITIONAL DUTIES OF […]
What is difference between VAT And CST?
Difference Between VAT And CST Under the CST Act, the tax is collected at one stage of purchase or sale of goods. Therefore, the burden of the full tax bond […]
What is the Procedures for shutting down a private limited company in India?
Procedures for shutting down a private limited company in India. Up-to-date returns (viz., Annual Return and Balance sheet) has to be filed with Registrar of Companies (ROC) A statement of […]
Focus on cash flow rather than earnings – Tally ERP 9
What is Cash Flow:- Cash Flow is the true measure of a company’s profitability. It is determined by the net change in cash that enters or leaves a company in […]
Inter state sale during the movement of goods
CENTRAL SALES TAX – CST Inter Stale sale can be by transfer of documents of title during movement of goods from one State to another u/s 3(b) of CST Act. […]
Everything about TCS
The seller has to collect tax from the payer who has purchased the following items : Alcoholic liquor for human consumption Tendu leaves Timber obtained under a forest lease Timber obtained by any […]
Share Capital and debentures in Companies Bill, 2011
Share capital and debentures in Company Bill 2011 Now Equity share capital defined as: Equity share capital, with reference to any company limited by shares, means · all share capital […]