Remittance to India means sending money to a person at a distance in India by another person from outside India. This is mostly done by Non resident Indians employed outside the country who transfers money to his bank account or to friends or relatives in India. As per income tax act, any income received in India is taxable in call cases irrespective of the tax payer’s … [Read more...] about Remittance to India is not taxable
Archives for October 2013
How much salary a fresh chartered accountant can get
Fresh chartered accountants are thoroughly trained in all avenues of corporate finance, taxation and accounting. Every year ICAI organizes placement program for newly qualified chartered accountants at various locations of India. A fresh qualified chartered accountant can even go for jobs outside. Most of the chartered accountants are placed outside campus after passing out … [Read more...] about How much salary a fresh chartered accountant can get
Legal compliance for private limited company – Annual Audit
Irrespective of the size and nature of business all private limited companies are required to comply with the legal requirements of India. Following legal compliance are must for a private limited company to comply. Legal compliance as per companies act As per companies act, all companies register in India are required to maintain books of accounts and get it audited by a … [Read more...] about Legal compliance for private limited company – Annual Audit
CA, CS or CWA which one is better – Career in finance
Finance is a growing field with huge opportunities in India and abroad. Regardless of the size and scale of an organization, all are required to track their financial data and maintain books of accounts. All of these require finance professionals. The new law and issuance of accounting standards has made it more challenging than before. Finance professionals occupy center stage … [Read more...] about CA, CS or CWA which one is better – Career in finance
Income tax penalty on late filling of IT return – For individuals
Individuals having income more than the basic exemption limits are required to file Income Tax return before the due date as specified under Income tax act. Two types of due dates are specified for filling your IT return. Individuals who are required to carry on income tax audit u/s 44AB of IT act. Other individuals Individuals coming under the first category are … [Read more...] about Income tax penalty on late filling of IT return – For individuals