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Tax on Advance forfeited on Property – Section 56(2)(ix)

Tax on Advance forfeited on Property – Section 56(2)(ix)

The Finance Act 2014 which was presented by Arun Jaitley has brought in several amendments one of which is Section 56(2)(ix) which deals with tax treatment of advance forfeited on...

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Dividend Distribution Tax – Abolished from FY 2020-21 onwards

Dividend Distribution Tax – Abolished from FY 2020-21 onwards

Update: Dividend Distribution Tax has been abolished from FY 2020-21 onwards. With this amendment, the dividend is taxable in the hands of the recipient and no Dividend Distribution Tax is...

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Kisan Vikas Patra: 4 Reasons not to invest in this

Kisan Vikas Patra: 4 Reasons not to invest in this

Kisan Vikas Patra (KVP) has been reintroduced in Budget 2014 which was earlier discontinued in the year 2011. The Kisan Vikas Patra which is a fixed income earning instrument and...

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Procedure to apply for CPT Registration – Dec 2016 Exams

Procedure to apply for CPT Registration – Dec 2016 Exams

Common Proficiency Test (CPT) is the entry level course and is same as Entrance Exams of Other Professional Organisations. Students interested in pursuing the Chartered Accountancy Course have to first...

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Procedure to disclose Exempt Income in ITR & Importance

Procedure to disclose Exempt Income in ITR & Importance

There are various Incomes which are exempted from the levy of income tax in the hands of the person who is receiving the amount. As these incomes are exempted from...

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Debt Mutual Funds vs Equity Mutual Funds

Debt Mutual Funds vs Equity Mutual Funds

A Mutual Fund is a professionally organised fund which collects money from the public and then invests this money in those instruments for which it has raised funds.  There are...

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What are Debt Funds? Debt Fund vs Fixed Deposit?

What are Debt Funds? Debt Fund vs Fixed Deposit?

Debt funds have become very popular in the past few years and many people had started shifting funds from Fixed Deposit to Debt Funds as the tax levied was very...

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Tax on Debt Funds/ Bonds/ Debentures: Computation with Examples

Tax on Debt Funds/ Bonds/ Debentures: Computation with Examples

With Debt Funds, Bonds & Debentures getting popular among the investors, and investors starting to shift from Fixed Deposits to Debt Funds, tax on debt funds/ bonds/ debentures is something that...

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CS Exam Form Dec 2016 Online: Executive, Professional

CS Exam Form Dec 2016 Online: Executive, Professional

The CS Exam Form Dec 2016 attempt of CS Foundation, CS Executive & CS Professional can be submitted by a candidate online. Students appearing for CS Foundation/ CS Executive/ CS Professional...

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Blog – Page 37 – Chartered Club