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New Slab of Income Tax in India For F.Y. 2018-19 and A.Y. 2019-20

Tax Structure in India is far different from other developed countries. Income Tax Act, 1961 has defined a slab of Income tax on the basis of which every person is required to pay tax in the country. Tax collected by the Government in the form of Income Tax is Direct Tax which is used by the Govt. for the various public purposes such a defense, improvement of infrastructure, salaries to the Govt Employees etc. The basic exemption limit under the Income Tax Act, 1961 is Rs 2,50,000 for both Individuals and HUF. No such limit has been defined for Companies,

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Who is Required to File Income Tax Return in India and Who is Not

Income Tax Law in India is much more complicated than any other country. Here, return filing under Income Tax Law is not mandatory for every Person. It has been based on many factors such as age, salary, residential status as well as income sources in any other country. Read the article below and know that who is required to file income tax return and who is not required to file an income tax return.  Income Tax Act, 1961 has defined a basic exemption limit for Individuals and HUF. Therefore,  Individuals and HUF are required to file Income Tax Return only

Chartered Accountant, Featured

ICAI Industrial Training, Eligibility, Period, Procedure and Working Hours.

First of all, students shall note that ICAI Industrial Training is not a mandatory part of Chartered Accountancy course like articleship training. The motto behind ICAI to implement industrial training in CA curriculum is to provide industries, members with adequate knowledge and background of Industrial functioning. ICAI Industrial Training gives an opportunity to the articles to develop a problem-solving attitude and also have an insight into the functioning of the accounts department in an industrial/commercial or financial environment. It gives them a practical experience and makes them capable to work in a team and also correlate with the members of

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Rates of Depreciation as Per Income Tax Act

As we know that Income Tax does not provide the complete deduction of Capital assets in the year of purchase. Capital Assets are depreciated over the period of time. Income Tax Act 1961, has provided the methods and rates for each category of assets u/s 32 and assessee is required to calculate the Depreciation under Income Tax Act on the basis of such rate and method only. The depreciation u/s 32 is allowed to get deducted from the income chargeable u/s 28 of the Profit and Gains of Business and Profession. Depreciation is allowed on all tangible assets like building,

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Sample Resume for Articleship Trainings – Download PDF

Our Today’s Blog is dedicated to the resume for articleship training. Articleship Training is a mandatory part of the Chartered Accountancy course. After passing either single or both group of CA Intermediate, one can start his articleship training. Articleship Training is also known as the golden period in a CA student’s life. The knowledge, exposure, the experience you achieve amid such training is beyond your expectations. But obviously, it depends on the firm you are choosing to do your articleship training. You must read our blog on the importance of articleship training. Students who really want to have a good

Chartered Accountant

Chartered Accountancy (CA) Course Duration

The Chartered Accountancy (CA) Course Duration depends upon the factor when did you start this course i.e either after 12th or after graduation. The minimum course duration of CA after 12th is 4.5 years while it is 3 years after graduation. Well, the above figure states only the minimum duration. Every single attempt increases your six months in this course. Here in this article, we are going to discuss the Chartered Accountancy Course duration separately after 12th and after B.com or any other graduation course . CA Course Duration After 12th CA Foundation – Candidates who wish to pursue Chartered Accountancy

Chartered Accountant

Career Options for a Chartered Accountant

Career options for Chartered Accountants are unlimited as CA is highly knowledgeable in various fields. CA is deemed to be an expert in Taxation, Finance, Company Law, Costing, Accounting aspects, Audit etc. Chartered Accountants are the only person who can audit the Financial Statements of a Company or Partnership Firm or Sole Proprietorship Concerns etc. Chartered Accountants holds a very responsible position in our society – Honorable Prime Minister of India “Mr. Narendra Modi”. The demand of Chartered Accountants has been rapidly increasing after some major decisions taken by Govt. including GST. But still, people are confused about the career

CA CPT, CA Final, CA Foundation, CA Intermediate, CA IPCC, Chartered Accountant

CA Question Papers With Answers

Today We are discussing the CA Question papers, As per the survey, Chartered Accountancy is deemed to be the toughest course in India. Every year, thousands of students enroll themselves for CA Course but still, there are only 2,85,000 Chartered Accountants in our country. Everyone has an opinion that reason for such ratio is the tough passing percentage maintained by ICAI. But only a CA Student knows what is the reason behind their failure. Learning things is easy but remembering and performing them in the exam is actually tougher and this is the point where most of the students lack.

CA IPCC

CA IPCC Result Nov 2018 – Date, Procedure and Toppers

Finally, the wait is over, ICAI has announced the CA IPCC Nov 2018 Result on 8th February 2019, along with the merit list up to 50th Rank on its official websites.  Students looking for CA Intermediate Nov 2018 result for the New Course click here. Students who wish to check their result on their Email can register their Email address on the ICAI official site i.e. icaiexam.icai.org.  Important dates of CA IPCC result Nov 2018 – CA IPCC Exam Nov 2018 Starting Date 2nd Nov 2018 CA IPCC Exam Nov 2018 Ending Date 16th Nov 2018 CA IPCC result Date 8th

CA Final, CA Foundation, CA Intermediate

CA Exam Pattern for Foundation, Intermediate and Final

Want to know the CA Exam Pattern 2018?? Chartered Accountancy Course is divided into four levels CA Foundation, CA Intermediate, 3 Years Articleship Training and CA Final. Each level test students on different paper patterns based on their level and maturity. ICAI has a tendency to bring changes as per the demand of industry time to time. It has revised the whole syllabus on 01/07/2017 in which CA Foundation has replaced CPT, CA Intermediate has replaced CA IPCC and CA Final (new course) has replaced CA Final (Old Course). And once again, ICAI has issued a notification where ICAI bought