The Exam Forms for May 2019 Attempt would be available from 20th Feb 2019 and the last date for submitting the exam forms is 16th March 2019. Student desirous of submitting the exam form online shall logon to icaiexam.icai.org & follow...
What are the tax deductions available on Critical Ailments expenses? Read More
A tax deduction is an overall benefit that comes complimentary with health insurance plans and medical expenses. There is a separate category that deals with specific critical ailments that involve high expenses and more medical assistance. Critical ailment related expenses...
Cost Inflation Index for 2016 and last 30 years: Updated Read More
Cost Inflation Index (CII) is an Index which finds its utility in the income tax act at the time of computation of Long Term Capital Gains to be disclosed in the Income Tax Return. The Cost Inflation Index is issued...
Surcharge on Income Tax – Latest Rates (with Examples) Read More
Surcharge is levied on Income Tax and is levied if Income is more than Rs. 50 Lakhs in case of Individuals and Rs. 1 Crores in case of Companies. Different rates of surcharge are applicable for different categories of taxpayers...
Income Tax Slab Rates for 2018-19 & 2019-20 in India – Updated Read More
Budget 2019 Update: There is no change in the Income Tax Slabs for the Financial Year 2019-20 and the Income Tax Slabs which were applicable for Financial Year 2018-19 would continue to be applicable. The only difference is that the...
CA Final Result Nov 2019 to be announced on 16th/17th Jan Read More
ICAI has announced that the CA Final Result of Nov 2019 would be announced on 16th Jan 2020 (Thursday) in the evening or 17th Jan 2020 Friday. A List of Top 50 Rank Holders of CA Final Nov 2019 Exams...
CPT Result June 2017 declared on 18th July by ICAI Read More
ICAI has declared that the CPT Result June 2017 on 18th July 2017. Students can check the CPT Result of June 2017 by submitting their 6 digit Roll No. on the following website icaiexam.icai.org ICAI has also extended the facility of downloading the CPT Result...
Service Charge in Restaurants is not mandatory – Govt Read More
It is a practice restaurants use to extract the tip from you after you’re through with the dining. Many have been known to add a ‘service charge’ in the range of 5-20 per cent, over and above the price of...
Review of Zoho Books – Cloud Based Accounting Software Read More
There are more than a hundred accounting softwares available in India but only a handful of them are comprehensive and can be considered worthy of being used. These accounting softwares can be broadly classified into 2 categories i.e. Desktop based...
Income Tax Returns revised after Demonetisation may come under Scrutiny Read More
On 8th Nov. 2016, the Indian Govt demonetised the Rs. 500 and Rs. 1000 notes in order to curb the flow of black money in the system. The Govt has released the new currency notes and all old notes have...