Team Japan did not make a big splash at the FIFA World Cup 2014, but their fans Blue Samurai captured the imaginations of world over. For those of us who are still not familiar with Blue Samurai, these are the fans of the Japanese football team. Whenever and Wherever Japan plays, these fans go to support […]Read more "Sports and Swach Bharat campaign!!"
India’s education system has been a bit stagnant over the years and the new Government is talking about the education reforms. In this regard, Prime Minister Modi during his visit to Japan actually visited a couple of schools to get a feel of the Japanese education system. On returning, during the Teacher’s day interaction with […]Read more "Some ideas from Japan for India’s Education Reforms!!"
After all the hype surrounding the visit of Prime Minister Modi to the US, it is time to do a more sedate analysis of the trip and its actuals as well as symbolism at this time. I am no political expert, so my views are more from the analysis of the received wisdom from other […]Read more "Prime Minister Modi’s visit to US – Hype or Substance?"
SEBI introduced one selling mode for companies by name ‘OFFER FOR SALE” in short we can call this as OFS. What is OFS: OFS facilitates the promoters of an already listed company to sell or dilute their existing shareholdings through an exchange based bidding platform. For example, very soon SAIL will come out with OFS […]Read more "OFFER FOR SALE (OFS)-INDIAN STOCK MARKET- FOR LAYMAN"
An Assessee is liable to get his Tax Audit done by a Chartered Accountant mandatorily, if in the previous year, The Person is carrying on business and his Total Sales/Turnover exceeds rupees one crore (from 1.4.12) The Person is carrying on Profession, and his Gross Receipts exceeds rupees twenty five lakhs (from 1.4.12) The Due […]Read more "TAX AUDIT U/S 44AB – Share/Stock/Commodity TRANSACTIONS- APPLICABILITY"
Section 87 A of the Income Tax Act, 1961 was introduced in Finance Act, 2013 to give benefit to low income group of people whose net total income is less than Rs. 5,00,000/-. The rebate under this section is available to resident individuals from A.Y. 2014-15 and financial year 2013-14. The rebate available is maximum […]Read more "Income Tax Rebate under section 87A from financial year 2013-14"
Tax Deducted at Source (TDS) is nothing but tax paid in advance on behalf of the payee and credit for the same can be claimed by the payee at the time of filing the income tax return. TDS is deductible if interest paid is exceeding Rs.10000 per annum in case of banks and Rs.5000 per […]Read more "What is Form 15G/ H and who can use these forms"