Good news for the CA CPT students who are preparing to appear in CA CPT June 2019 Examinations. ICAI has announced the CPT Exam Date for June 2019 attempt which will be held on 16th June 2019. CA CPT is a completely objective type multiple choice questions based examination. Students are allowed to choose the question paper booklet in either English or Hindi Medium for answering them. Download CA CPT Study Material for June 2019 attempt from the given link. The Exam for the CA CPT will conduct in two sessions as given below on 196 center(s) in India and 5
Check CA Final Exam Form/Application form Nov 2020 (Complete Procedure and latest updates).
ICAI has finally released the CA Final Application Form for Nov 2020 Examination. Students can start filling their CA Final Examination form Nov 2020 from 5th August 2020. The Last Date to fill ICAI CA Final Exam form is 4th September 2020. Click on the below links to fill ICAI CA Final Application Form Nov 2020 Examination. Students who are going to appear in CA Final Nov 2020 Examinations have to fill the CA application form 2020 to become eligible to appear in the Examination. Candidates can apply for such an examination from the ICAI official site of ICAI. Students
Section 148 of Income Tax Act of India
Assessing Officer has a power to issue notice under section 148 of income tax act wherein any income has been escaped from being taxed which is subject to the provisions of Sec 147 to Sec 153. Notice u/s 148 gives a power to the A.O. to assess or reassess the Income which comes into notice before and during the assessment. Notice under section 148 issued by A.O. is like an intimation to the assessee where he has to prove why he shall not be assessed under section 147. The assessee is required to respond to the notice within 30 days
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,
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
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
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,
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 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
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