Akanksha

GST Council declares 4-tier GST Rates from 5% to 28% 2 min read

• GST

GST Council declares 4-tier GST Rates from 5% to 28%

Akanksha 9 years ago

After so much hustle bustle, the GST Council declares 4-tier GST Rates ranging from 5% to 28%. The GST council that consists of the Finance... Read More

All about 100 % Export Oriented Units (EOU) Scheme – Setting up of an EOU 5 min read

• Income Tax

All about 100 % Export Oriented Units (EOU) Scheme – Setting up of an EOU

Akanksha 9 years ago

To compete in trade with other countries internationally, government of India devises various export promotion schemes. Export oriented units (EOU) and Special Economic Zones (SEZs)... Read More

A Quick Walk Through of Accounting Standard 4 (AS4)- Contingencies and Events after Balance Sheet Date 5 min read

• Student's Corner

A Quick Walk Through of Accounting Standard 4 (AS4)- Contingencies and Events after Balance Sheet Date

Akanksha 9 years ago

Accounting Standard 4- Contingencies and Events After Balance Sheet Date The Accounting Standard 4 (AS 4) deals with the treatment of Contingencies and Events occurring... Read More

When Values assigned to individual assets, sale is not Slump Sale Section 50B not attracted 5 min read

• Income Tax

When Values assigned to individual assets, sale is not Slump Sale Section 50B not attracted

Akanksha 9 years ago

A sale is treated as slump sale only if no individual value is assigned to the assets. Case Study The Assessees were partners of a... Read More

Provisions relating Capital Gain u/s 50 of Income Tax Act – Depreciable Assets 4 min read

• Income Tax

Provisions relating Capital Gain u/s 50 of Income Tax Act – Depreciable Assets

Akanksha 9 years ago

  Working of Capital Gain u/s 50 of Income Tax Act against sale of business assets Section 50 of the Income Tax Act, 1961 provides... Read More

Key aspects of Input Tax Credit under Model GST Law 6 min read

• GST

Key aspects of Input Tax Credit under Model GST Law

Akanksha 9 years ago

Here we talk about one of the many aspects i.e. Input Tax Credit (ITC) as a part of the Model GST Law that has been... Read More

Why you should not delay filing the Income Tax return? 3 min read

• Income Tax

Why you should not delay filing the Income Tax return?

Akanksha 9 years ago

Income Tax Return forms the base for any and every Indian citizen and is mandatory. As per Section 139(1) of Income Tax Act 1956, it... Read More

Understanding Computation of Capital Gains after adjusting Cost Inflation Index 3 min read

• Income Tax

Understanding Computation of Capital Gains after adjusting Cost Inflation Index

Akanksha 9 years ago

One of the most important terms used in Income Tax, 1961 is Cost Inflation Index (CII). Understanding this term is very crucial for the correct... Read More

Term Insurance, Accidental Death and Dismemberment or Term Insurance- Which Insurance is Best for you 3 min read

• Insurance

Term Insurance, Accidental Death and Dismemberment or Term Insurance- Which Insurance is Best for you

Akanksha 9 years ago

  You are wrong if you think that all your life insurance needs are covered with an accidental death and dismemberment (AD&D) policy. There is... Read More

Life Insurance Policies – Are they really bliss? 4 min read

• Insurance

Life Insurance Policies – Are they really bliss?

Akanksha 9 years ago

  Insurance Sector in India Selling insurance is a big business, Insurance companies have huge marketing budgets to lure you, Don’t fall in their trap,... Read More