Category: Others
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What Constitutes Vocation?
VOCATION The word “vocation” comes from the Latin vocare, meaning “to call.”A vocation is an occupation, either professional or voluntary, that is carried out more for its unselfish benefit than for income, which might be regarded as a secondary aspect of the vocation, however beneficial. Vocations can be seen as fulfilling a psychological or spiritual…
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Books or Books of Account-2(12A)
Books or books of account” includes ledgers, day-books, cash books, account-books and other books,used to keep accounting records
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Tax Slab Rate of Senior Citizens
Find Out – Tax Slab Rate of Senior Citizens(60-79)
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What is Gross and Net Tax Collection
In Tax collection reports,you may notice that amount of gross and net tax collection differs. The difference in gross and net collections is due to tax refunds. Income Tax Department will refund the excess tax paid on account of mistake/mis calculation by the tax payers.
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What is section 54F in Capital Gain
Capital gain arising on transfer of an asset which is not a residential house(ie. any other capital asset) by Individuals and Hindu Undivided Family (HUF) are exempted to the extent of amount utilized for new residential house.Capital Gain X Cost of new House / Net Sales Consideration.
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Govt to set-up Low Cost Airports-boosts Internal Tourism
The government decided to set up 50 new low-cost airports this year and 50 next year, with an aim to give boost to civil aviation sector and increase air connectivity to Tier-II and Tier-III cities and also able to deliver on timeframe given by Prime Minster, said Mr K.N. Srivastava, Secretary, Ministry of Civil Aviation…
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Infra reeling with 20% shortage of skilled manpower-ASSOCHAM
In a study conducted by “The Associated Chambers of Commerce and Industry of India” (ASSOCHAM) finds that our infrastructure industry is facing a significant 20 per cent dearth of project managers leading to project delays and cost overruns. Study titled ‘Road Sector Role in Futuristic Development of India, revealed that “India is currently facing an…