December 15, 2018

How to Make Video Classes

I have received multiple requests from tutors and instructors who are interested on how to make online videos.

Reason for his is that most of the persons do not have the knowledge of what requirements are and what technology can be used.

Therefore, I am here to help you guys in how to make the videos. So let's get started.

Some of the basic re...

April 20, 2019

GSTR 3B return filing date extended till 23 April 2019

As Users were facing issues while filing GSTR 3B  due to slow portal since morning, the date for filing of GSTR 3B has been extended to 23rd April 2019.

Many users also faced issue while depositing tax as 17th April was a bank holiday on account of Mahaveer Jayanti and 19th was again a bank Holiday on account of Good Frid...

April 07, 2019

GST Invoicing 

As per Rule 46 (b) of CGST Rules 2017, with the start of F.Y. 2019-20, a unique and new invoice series will have to be started by GST registered tax payers.

Similar mechanism are applicable for Bill of Supply to be issued by registered tax payer availing composition scheme / supplying exempted goods, services as per Rule 49 of CGST Rules 2...

March 31, 2019

Automation of Jobs : A Threat ?

In the Era of rapid competition, companies are trying everything to reduce cost of operation. Although we can't say that this is a new phenomena as this has always been there.

Earlier most of the Jobs were done by hand, then machinery took place of many workers. Machinery made it possible for companies to increase their capacity then before with...

March 23, 2019

Income Tax Act Sections Which will help you save Tax

Certain Tax deductions and exemptions are allowed, by Income Tax Department, to be claimed for the purpose of Tax savings.

Some of the important deductions can be claimed under Chapter VI-A of Income Tax Act . This article  will brief on some of the basic deductions available to save tax.

Section 80C

Maximum l...

March 24, 2019

Exemptions u/s 10 of Income Tax Act

Here we will go through some of the basic exemption u/s 10 of Income Tax Act.

Section 10(5)

Leave Travel Concession

Exemption is available to all employee receiving a value of any travel concession or assistance from the employer for himself or family member. 

For non govt employee :- least of the following

March 21, 2019

GST applicable on Marathon by Charitable Trust :- Ruling by Authority of Advance Ruling

As per ruling by Authority of Advance Ruling in case of M/s Dream Runners Foundation Limited (Tamil Nadu), the conduct of marathon does not fall under exempt category of CGST or TNGST Act and applicant would be required to register under CGST/TNGST Act. The activities covered under Section 112AA of t...

March 13, 2019

Revised Schedule

ICAI has notified to all its students that in view of Lok Sabha Elections , The Chartered Accountant Examinations has been re-scheduled. 

Now the exams will start from 27th, May 2019 to 12th, June 2019.

To go to official announcement click here.

Those studying in SOL (...

March 10, 2019

Increased Exemption Limit

April 1st has been notified as date for availing the increased exemption limit as notified by Fin-Min. the limit has been doubled to 40 lakh, which will benefit small and medium enterprises.

Apart from date of higher exemption limit April 1st has also been notified as date of availing higher turnover cap of Rs 1.5 Crore.

Also business (se...

March 08, 2019

ICAI and ICAEW - M.O.U approval

The government ( Union Cabinet , Chaired by PM Narendra Modi ) gave ex-post facto nod of approval to pact between ICAI and ICAEW.

The M.O.U as said in official statement was signed in 2008 and again renewed in 2014 between the Institute of Chartered Accountants of India and the Institute of Chartered Accountants in England and Wales.

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