सीधे मुख्य सामग्री पर जाएं

संदेश

नवंबर, 2017 की पोस्ट दिखाई जा रही हैं

Income Tax Exemption on Gifts from Parents & Relatives in India

Gifting somebody is a common norm followed since prehistoric ages. Till date, gifting is considered a healthy and courteous habit. It is a way of expressing your gratitude. In this article, we will talk about income tax which is applicable to these high priced gifts. Gifts can be referred as a huge sum of money or property. There are rules and terms for such gifts. We also know the exemptions to these taxations and how we can save on taxes. What gifts are taxable ? Gifts which levy income tax can be in the form of cash or property (jewelry, painting, shares, sculptors, archaeological collection, gold/silver bars etc.). Gifts can also be in the form of buildings/ land (except agricultural land). Hence, any other asset apart from this will not have income tax deductions. How does Income Tax Department set the Value of gifts ? The value of the gifts is calculated as such: •Stamp duty value for all immovable property. •Invoice for jewelry, archaeological collecti

कैसे बनते हैं - चार्टर्ड एकाउंटेंट ( Chartered Accountant kaise bane )

चार्टर्ड एकाउंटेंसी कोर्स ( C A Course):- चार्टर्ड एकाउंटेंसी कोर्स को पूरा कर लेने वाले व्यक्ति को चार्टर्ड अकाउंटेंट या C.A. कहते है| चार्टर्ड एकाउंटेंसी कोर्स वाणिज्य क्षेत्र का महत्वपूर्ण एंव उच्च स्तर का कोर्स है| यह कोर्स किसी विश्वविध्यालय द्वारा नहीं कराया जाता बल्कि पूरे भारत में इसके लिए एक ही संस्थान “इंस्टिट्यूट ऑफ़ चार्टर्ड एकाउंटेंट्स ऑफ़ इंडिया (Institute of Chartered Accountants of India – ICAI)” है| इसकी शुरुआत देश में चार्टर्ड अकाउंटेंट एक्ट लागू करने के साथ 1949 हुई थी.यह कोर्स मुख्य रूप से लेखांकन(Accounting), ऑडिट(लेखा पुस्तकों की जाँच), कर-कानून(Tax Laws), कम्पनी एंव अन्य वाणिज्यक कानून (Corporate and other Commercial Laws), लागत लेखांकन(Cost Accounting) एंव वितीय प्रबंधन(Financial Management) आदि विषयों पर केन्द्रित है| यह स्वतंत्र कोर्स है एंव विद्यार्थी चाहे तो इसे स्वंय अध्ययन कर सकता है अथवा चाहे तो प्राइवेट कोचिंग ज्वाइन कर सकता है| माध्यम (Medium) :-  इस कोर्स को अंग्रेजी (English) माध्यम अथवा हिंदी माध्यम किसी भी माध्यम में किया जा सकता है| इस बात से

Goods and Service Tax on Education Services Introduction

Education is the process of training and developing knowledge, skill and character of students by normal schooling. The GST Act tries to maintain a fine balance whereby core educational services provided and received by educational institutions are exempt and other services are sought to be taxed at the standard rate of 18%. Auxiliary services received by such educational institutions for the purpose of education up to Higher Secondary level is also exempt from GST Other services related to education, not covered by the exemption would be taxed at a standard rate of 18% with full admissibility of ITC for such take services in cases where the output service is not exempt. However, Services by an entity registered under section 12AA of the Income-tax Act, 1961 (43 of 1961) by way of charitable activities are exempted from GST. Education Services are covered under forward charge. Therefore, GST shall be paid by the supplier of services. Educational Institution means an institution prov