Following cases attract liability to get the accounts audited under the Income Tax Law Section Particulars Form Section 10(23C) Trusts/Institutions/Hospitals and other entities covered by section 10(23C)(iv), 10(23C)(v), 10(23C)(vi), 10(23C)(via) Form 10BB Section 10A Undertakings in Free Trade Zone etc. Form 56F Section 12A(b) Charitable or Religious trusts or Institutions Form 10B Section 44AB Auditable case under any Law other than Income Tax Act, 1961. Form 3CA-3CD Section 44AB Turnover exceeding the certain specified limit under the Income Tax Act, 1961. Form 3CB-3CD Section 44DA Income by way of Royalties etc. in case of a Non-Resident. Form 3CE Section 50B Capital gains in case of slump sale. Form 3CEA Section 80-I(7)/80-IA(7)/80-IB/80-IC Claims under section 80-I(7)/80-IA(7)/80-IB/80-IC Fo...
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Income Tax Update: Those with total income (before deductions) in excess of Rs 2,50,000 have to mandatory file their returns, whether or not they have tax due. Those seeking a refund or those who hold foreign assets or have earned a foreign income or have bank accounts or financial interest outside of India must also file their tax returns. What if you missed the due date of filing of return i.e. 07/09/2015? You can still file the belated return before 31/03/2016. In that case - 1 Some losses cannot be carried forward. 2 If you are liable for tax payment, it will attract interest 3 You will not able to file revised return
E F F E C T I V E T I M E M A N A G E M E N T WHAT IS TIME? Time is the one thing that we all given in equal amounts but often misused. It has been said that, ‘your time is your life’. If you waste time you waste life . There are lots of misconceptions about time. We think that time flies, that we can save time & that we can make up time. Contrary to this, time moves at a predetermined rate all the time! TIME WASTER IS TIME ROBBER: - A time waster is anything that prohibits us from reaching our objectives most effectively. 1. Major Time Wasters: - Problems with our Attitude, Social Networking, Objectives Priorities etc. 2. Minor Time Wasters: - Interruption we face during the day, extended meetings of minor importance, needless reports, extended telephone calls, unexpected visitors etc. PRINCIPLES OF GOOD TIME MANAGEMENT A. Focusing on Goals: - ...
How to Manage Stress of Study
Reasons Not yet studied What I have read not remember Few days are remaining Over confidence How to tackle Plan for remaining days Divide the days in to two to three parts as per your requirements Get ready to brake the reasons Study, study and study until you go through all the papers Don’t think of the result now. Most Important thing now is to study and appear for exam If you fail to plan you plan to fail Don’t apply pressure of one paper on another Never think paper was bad, think I have studied less
