Articleship Transfer Rules as per ICAI & Forms

Articleship Transfer Rules as per ICAI & Forms

After a CA Student (enrolled through the CPT Route or the Direct Entry Route) is required to pursue 3 years of Articleship Training under a Chartered Accountant as a part of the CA Curriculum. During this 3 year articleship period he is allowed to take leaves and can also take articleship transfer. We have already discussed about the Procedure for Articleship Registration […]

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How to apply for CA Membership No. to ICAI?

How to apply for CA Membership No. to ICAI?

After a CA Student has cleared both groups of CA Final and also completed the Articleship period and GMCS Trainings, he can apply to ICAI for allotment of CA Membership No. Recommended Read: CA Final Pass Percentage All candidates who have applied for CA Membership Number and have been successfully allotted the same are invited by ICAI for a Convocation […]

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How to create HUF Capital and put Money in HUF Account?

How to create HUF Capital and put Money in HUF Account?

In our exclusive coverage of HUF’s, we have previously explained How HUF’s help in saving taxes and how to create a HUF and in this article we would be focussing on How to create HUF Capital by putting money in HUF. Recommended Read:- How to save taxes by forming a HUF How to create a HUF How to create HUF […]

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How to start HUF & create HUF Deed?

How to start HUF & create HUF Deed?

In our previous article, we focussed on how a HUF can be used to save taxes legally and we have received a tremendous response for the same from our readers who have also requested for an article on How to create HUF & HUF Deed. Recommended Read: How to save taxes legally by forming HUF Creation of HUF HUF stands […]

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Save Tax by forming HUF: Benefits & Drawbacks

Save Tax by forming HUF: Benefits & Drawbacks

A very effective and legal way advised by chartered accountants to save tax is HUF i.e. Hindu Undivided Family. In India there are many families which are undivided and the incomes earned by such families are joint income as compared to Individual Incomes. As these are joint incomes and not Individual Incomes, these incomes cannot be taxed in the hands […]

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Download Form 16B Online from TRACES Website

Download Form 16B Online from TRACES Website

Form 16B is a TDS Certificate which reflects that the amount deducted as TDS on Property by the Buyer has been deposited with the Income Tax Department. At the time of sale of immovable property, the buyer is required to deduct TDS on Property @ 1% from the amount he has to pay to the seller. This amount is then […]

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How to file Revised TDS Return?

How to file Revised TDS Return?

TDS Return is required to be filed with NSDL by the person deducting the TDS at regular intervals. After submission of the form, if the deductor realises that there is some error or some new details are required to be added, he can file a Revised TDS Return for updating the existing return We have earlier explained the procedure for […]

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TDS on Property Sale @ 1% under Section 194IA

TDS on Property Sale @ 1% under Section 194IA

The Indian Finance Minister P. Chidambaram while announcing the Budget 2013-14 introduced TDS on Property @ 1% on all Immovable Property Transactions over Rs. 50 Lakhs under Section 194IA. Reason for Introduction of TDS on Property P. Chidambaram while introducing TDS on Property said that Transactions of Immovable Property are usually undervalued and under-reported. Almost half of the Transactions don’t even […]

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TDS Return Filing Online: Due Date and Procedure for Filing

TDS Return Filing Online: Due Date and Procedure for Filing

TDS Return is required to be filed by the assessee who has deducted the TDS. TDS Returns are required to be filed after specified intervals and details to be furnished in these returns include fields like TAN No., TDS Payment, amount deducted, type of payment, PAN No. etc. Recommended Read: Procedure for deposit of TDS Payment online TDS Return Form […]

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ICAI CPE Hours Credit for CA’s from 2014 to 2016

ICAI CPE Hours Credit for CA’s from 2014 to 2016

Chartered Accountancy is a profession wherein you have to continuously keep updating your knowledge so as to stay abreast with the latest changes. To ensure that CA’s continuously keep updating their knowledge, ICAI has made Continuing Professional Education (CPE) mandatory for all CA’s. All CA’s are required to their keep updating their knowledge and complete a specified number of CPE […]

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