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Posted On:  2 years ago


FAQ on Employee Provident Fund Act 1952-Pension Scheme and Insurance Scheme under Employee Provident Fund.

Q1) what is an employee provident fund scheme? Answer / Interpretation of Act: Employee Provident Fund Schemes is framed by central government in the official gazette for the establishment of provident fund under this act Related section with Bare Act: “Section - 5, Employees' Provident Fund Schemes The Central Government may, by notification

article author One Roof Consultant

Posted On:  2 years ago


FAQ on Employee PF Act 1952-Provision in relation to Employer

Q1) what is an establishment under Employee PF act what types of establishments are covered under the employee PF act? Answer / Interpretation of Act: Under employee PF act establishment includes all department or branches of the organization whether it is located in the same place (place means city or locality) or in different place all such department and branches shall be considered as establishments under this act. Related section with Bare Act: “Establishment to include all departments and branches 2A

article author One Roof Consultant

Posted On:  2 years ago


7 new ways for individuals to save income tax and plan your investment in 2015-16

For many people tax planning is related to only makinginvestments under Section 80C. But there are different provisions in the Income Tax Act and rules which, if used judiciously, may help in considerable tax saving and proper investment Many of you might be aware of deduction in 80C, 80D, etc.

article author CA Chirag Chauhan

Posted On:  2 years ago


Know More About Form 15CA

Form 15CA is a Declaration of Remitter and is used as a tool for collecting information in respect of payments which are chargeable to tax in the hands of recipient non-resident. This is starting of an effective Information Processing System which may be utilized by..

article author Manish Savalkar

Posted On:  2 years ago


Form 15CA and 15CB- amended Rule 37BB

This article is connected with my previous article which I had wrote on January 29,2015. Thanks to all reader who wrote my articles and apologized to people who call me or ask me queries on phone and email but I am not able to reply because of my busy schedule.

article author Manish Savalkar

Posted On:  2 years ago


Problem is Ecommerce and Solution is also Ecommerce

World is going online, to what extent your business is online? This question each and every business person should ask himself/herself if one’s business is not online. Going online and selling online utilising Ecommerce is need of day, following are top 10 reasons why Indian business should be available online by selling online or at least having online presence

article author CA Nikesh Sheth

Posted On:  2 years ago


Reason for Rejection of Service Tax Return and how to reply correctly.

Most of the Assessee of Service Tax has received mail from Automation of Central Excise and Service Tax (ACES) stating some returns got rejected after uploading of the XML file for the ST3 return period 2015-2016 Apr-Sep.

article author CA Chirag Chauhan

Posted On:  2 years ago


Trust formation and registration as per BOMBAY Trust ACT 1950 - FAQ

Formation of Trust in Maharashtra requires compliance as per Bombay Trust Act 1950. The process of formation, compliance, Registration process, exemption are discussed in the following FAQ.

article author One Roof Consultant

Posted On:  2 years ago


New PAN Quoting Rules – How individual transaction are effected from Jan 2016

Every person shall quote his permanent account number in all documents pertaining to the transactions specified below. The new rule make it compulsory to quote pan at the time of opening a bank account and Demat Account, purchase or sale of goods and services of more than Rs 2 lacs.

article author CA Chirag Chauhan

Posted On:  2 years ago


How to Start a primary School in India

An article about How to Start a Primary School in India

article author CA Kapil Goel

Posted On:  2 years ago


Term Insurance v/s Traditional Insurance

Insurance Myths Simplified !!!

article author ROHIT SHARMA

Posted On:  2 years ago


IDEAL RETIREMENT PLANNING

An ideal retirement portfolio is the one that would meet the retirees financial needs until death. But the manner in which the actual funds are allocated in order to accomplish this can vary substantially depending upon number of factors. Most ideal portfolios are going to have at least some measure of the following characteristics.

article author Sanjay Pithadia

Posted On:  2 years ago


Binding Nature of Board Circulars-Confusion Settled or Created? Or Circulars contrary to SC decisions deemed as rescinded-A good start!

The binding nature of the Circulars issued by Board is the issue that has been a matter of litigation since inception. There have been a number of decisions on this matter, that too, of Supreme Courts which have added fuel to the fire of litigation. There has been a constant fight between assessees and revenue department regarding the applicability and precedential value of the circulars issued by the Board. However, it appears that the Board has resorted to put an end to this controversy by issuing clarification vide Circular no. 1006/13/2015-CX dated 21.09.2015. This circular issued by the Board is the centre of attraction of this article.

article author CA PRADEEP JAIN

Posted On:  2 years ago


Certificate under Rule 37BB of Income Tax Rules, 1962

This article describes major issues about TDS applicability, TDS rates in foreign remittances and recent amendment in Section 195 (6) as also recent decision of Pune ITAT on applicability of Section 206AA.

article author Milind Kulkarni

Posted On:  2 years ago


Investment planning and Tax Savings....planner for FY 15-16

Investment Planning and Tax Savingt Planner for FY 15-16. Invest with planning and reap higher benefits, rather invest last minute

article author CA Amit Shah

Posted On:  2 years ago


All you want to know about Housing Loan

Guide for Home Loan Seekers

article author CA Amit Shah

Posted On:  2 years ago


Credit Balance of Ed Cess & SHE Cess-Never Ending Story!

The announcement of the exemption to the levy of Education Cess and SHE Cess levied on Excise duty with effect from 01.03.2015 and that levied on service tax with effect from 01.06.2015 created new hopes in the minds of the assessees as regards ‘Ease of doing business’ with reduction in the compliance procedure for maintaining separate accounting records for Education Cess and SHE Cess. However, the assessees forgot that everything comes for a cost. The hapeless assessees did not realise that the exemption brought the inbuilt cost in the form of unutilised balance of Education Cess and SHE Cess for which there was no amendment or clarification. This article is an attempt to highlight the probable difficulties faced by the assessees on account of no clarification as regards utilisation of the balance of Education Cess and SHE Cess available as on 01.03.2015 and 01.06.2015.

article author CA PRADEEP JAIN

Posted On:  2 years ago


MAT (Minimum alternative tax) Provision under section 115JB of Income Tax Act

Law makers viewed that due to some loops in the law many companies find an advantage I.e. they either disclose a very high profit to attract investors or retain the current investors at the same time they may disclose less profit to escape from tax payment. The massive difference in profit of the company is due the provisions in the companies act and income tax act e.g.: there different provision relating to depreciation in both the act.To put an end to this problem and bring these kind of companies under the tax net the law makers has introduce MAT (Minimum alternative tax).

article author CA Chirag Chauhan

Posted On:  2 years ago


List of benefits available to Startup and Small Business under Income Tax Act for Financial Year 2015-16 and Assessment Year 2016-17

Typically a startup and Small Business face many challenges. Compliance with Income Tax laws and rules is one of them. Government has provided various benefit to small business by simplifying procedure like Presumptive Taxation, direct deduction of various expenses, additional deprecation, required to maintain books of accounts and audit and TDS provision applicability. The following Table provides summary of benefits.

article author CA Chirag Chauhan