Taxability of monetary gifts received by an individual or HUF

Taxability of monetary gifts received by an individual or Hindu Undivided Family (HUF) ​ If the following conditions are satisfied then any sum of money received (i.e, monetary gift may be received in cash, cheque, draft, etc.) by an individual/ HUF will be charged to tax

SAP T-code FB08 – Reversal of document

SAP T-code FB08 - Reversal of document This transaction code is used for reversal of document already posted. . Enter Transaction Code FB08 in common field:-   After executing the FB08, in next window following options for input will appear: . Document number of the

Set off of losses and carry forward of losses

Set off of losses and Carry forward of losses   Meaning of Set off of losses Set off of losses means adjusting the losses against the profit or income of that particular year. This set off can be with in the same head of income

E-Pan and Instant Pan

E-PAN CARD E-PAN is the PAN provided in PDF format rather than physical card. The E-PAN card in PDF format will be sent to e-mail ID mentioned in PAN application form. If the physical PAN Card is not required, then PAN applicant will have to

Never give up

Never give up, overcome the obstacles and accept the failure   If you are not successful in any work, assignment, or project, no problem. The problem is not your failure. The problem is when you give up on the obstacles.   Don’t take failure as

Don’t limit yourself

Don’t limit yourself   Almost all of us have faced such situations in life where we find ourselves helpless and hopeless. This is a very common thing and happens to everyone.   But you might notice that some people get stuck in that situation while

Don’t be jealous of others but learn

Don't be jealous of others but learn   You need to save yourself from envy and jealousy both. But first, you need to understand the difference between the two.   Envy is an emotion in which two persons are involved. And jealousy is triangular emotion

How to make payment for ROC filings

Procedure to make payment for ROC filings   Payments can be made electronically through credit card or Internet Banking.   During the e-Filing process, the system will prompt you to make payment. You can choose the mode of payment and make the payment accordingly. If

What to do when unable to Pre-fill data in eForm

When you are unable to prefill the data in eforms, perform the following checks.   1. Verify that only ONE version of Adobe Reader is installed on your system. Go to START > Control Panel > Add or remove Programs The list of 'Currently installed

Details related to principal products or services in Form AOC-4 XBRL

Details related to principal products or services of the company are to be provided in following manner: Case1: Total number of product category(s) - 3   Case II- Total number of service category(s) - 2 Note: Please refer to 'Indian Trade Classification' based on harmonized commodity

Queries related to incorporation of new company

How can I apply for a Company Name? A proposed name can be reserved for the purpose of incorporation of a company or change of name of an existing company through the RUN service by logging into the MCA portal along with a fee of Rs. 1000/-.

Learn about GSTR-9

Form GSTR-9 Form GSTR-9 is an annual return to be filed once, for each financial year, by the registered taxpayers who were regular taxpayers, including SEZ units and SEZ developers. The taxpayers are required to furnish details of purchases, sales, input tax credit or refund claimed

Know everything about TAN

Know everything about TAN   About TAN TAN stands for Tax Deduction and Collection Account Number. TAN is a 10-digit alpha numeric number required to be obtained by all persons who are responsible for deducting tax at source or collecting tax at source. It is compulsory

Hot Jobs For Finance/Marketing/HR/SAP/IT/JAVA Professional At Various Location

1. Vacancy For CFA,ACCA,ACA,CIMA As FLM Governance & External Engagement AVP With Barclays At Chennai 2. Vacancy For CA/MBA/Bachelor’s As Lead Financial Reporting Analyst With Franklin Templeton At Mumbai 3. Vacancy For CA As Decision Support Analyst With Cargill At Gurgaon 4. Vacancy For CMA

Update on Blocking of E-Way Bill (EWB) generation facility, after 1st December, 2020

In terms of Rule 138E (a) and (b) of the CGST Rules, 2017, the E-Way Bill (EWB) generation facility of a taxpayer is liable to be restricted, in case the taxpayer fails to file their FORM GSTR-3B returns / Statement in FORM GST CMP-08, for