SAP FICO Interview Questions

Best available SAP books to prepare for interview and to learn SAP FICO

Beginners and students preparing for SAP often asked about book that they should refer to become a FICO consultant. Below in this article you will find books that are most…

Income tax slab rates for AY 2015-2016 – Financial Year 2014-2015

Income tax slab rates for AY 2015-2016 – Financial Year 2014-2015

Financial minister Mr. Arun Jaitley has presented union budget in parliament for the financial year 2014-2015. In this budget he has not changed the income tax rates and kept the earlier…

income tax return

Difference between self assessment tax and advance tax

Both self assessment and advance tax are paid to government of India based on the IT act provisions as applicable to the assessee. Even though both relates to tax liability that…

rent

Under which head rent on vacant plot is chargeable to tax in India

Rent on vacant plot is taxable in India if it’s generated or accrued in India. But the question is under which head and how it’s taxable. We have five major…

Non-audit Services that company auditor can not render to a company – Companies act 2013

Non-audit Services that company auditor can not render to a company – Companies act 2013

A company auditor who is appointed under section 139 of companies act 2013 shall provide only those services that are not disallowed under section 144 of companies act 2013. Companies…

eligibility

Qualification or disqualification of company auditor – section 141 of companies act 2013

An individual shall be eligible for appointment as company auditor only when such individual is a qualified chartered accountant in practice. If a company has decided to appoint an audit…

rent

Applicability of Service tax on rent on immovable property

As per the present service tax law, all services are taxable to service tax @12.36 % unless they are covered by any of the entries in the negative list or…

Audit

Rotation of company auditors – New provision in companies act 2013

New companies act 2013, has mandated rotation of individual auditor, audit firm and audit partner for all listed companies and certain private and certain unlisted public companies. In this article…

PAN Card

Is PAN card a mandatory requirement for company registration in India

In case of Indian residents, Income tax’s Permanent Account Number or PAN details are now a mandatory requirement for company incorporation. While applying for DIN in form DIR-3, you are…

rectify mistakes

When and How to file revised service tax return

Mistakes or errors in original service tax return can be rectified with a revised service tax return. After filling the revised service tax return, earlier mistakes and omissions get rectified…

Service tax

How to cancel or surrender service tax registration number

Service tax registration number can be surrendered in cases where assessee ceases to provide taxable services for which they have registered or for following reasons; Assessee’s turnover is below the…