Meditation
Meditating is an Art. You can learn meditation via different techniques. I can explain you few techniques which I discovered by applying it upon me or by experiencing it: 3 most effective Techniques for Meditation: Start writing few paragraphs on any topic of your choice. Use your pointing fingers to close your ears and listen […]
Notification No. SO 2196(E) [NO.53/2016 (F.NO.3701 – Income Tax)
INCOME-TAX (SEVENTEENTH AMENDMENT) RULES, 2016 – INSERTION OF RULE 37BC AND AMENDMENT IN FORM NO.27Q NOTIFICATION NO. SO 2196(E) [NO.53/2016 (F.NO.370142/16/2016-TPL)], DATED 24-6-2016 In exercise of the powers conferred by clause (ii) of sub-section (7) of section 206AA, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes […]
Change in Constitution : Procedure to be followed in GST
When there is change in the constitution (e.g. Proprietorship to Partnership firm), specific procedure required to be followed for smooth transfer of credit. Step 1: Apply for New Firm’s GST Number (Specifying reason : change in Constitution.) Step 2: Transfer Input Tax Credit by filling ITC 02 Form in your old GST number (Services -> […]
Access Outlook Mail, Outlook.com, Hotmail in Windows Live Mail
What Outlook Mail IMAP Will and Will Not Get You in Windows Live Mail With IMAP access to Outlook Mail, you will not get your contacts and calendars synchronized. All your existing folders and messages will appear, be accessible and automatically synchronize across computers and browsers, though, just like before; of course, you can also […]
Connect two routers to the same network
Introduction It is possible to use a second router as a range extender to your existing network. It is also very possible to create only one network name between the two routers so your computers and other network devices will connect to which ever router has the stronger signal. Many newer routers include WDS or […]
International Remittances
International remittance means one person transfer funds from one country to another country irrespective of his residence status. When you want to transfer money from/to India, you have to take care of few legislation which includes Income Tax Act, Foreign Exchange Management Act, Rules specified by RBI, and for certain remittance you may need the […]
Detail List of Compliances for Ready Reference
Details of Routine Compliances (Monthly / Quarterly), Annual Compliances, Event Based Compliances, One time Compliances & Registrations
No Higher Rate in Case of Non Availability of PAN with foreign remittee
Clause 85 of the Bill seeks to amend section 206AA of the Income-tax Act relating to requirement to furnish Permanent Account Number. The aforesaid section, inter alia, provides that any person who is entitled to receive any sum or income or amount on which tax is deductible at source under Chapter XVII shall furnish his […]
TDS on commission to Foreign Agent
Its always been a question whether to deduct the TDS on remittance of Commission to Foreign agent. For making it simple lets consider the following case study. Case 1 Foreign agent have permanent establishment in India (or do not have no PE certificate) TDS required to be deducted. Case 2 Foreign agent has rended his […]
Requirement of 15CB regarding
The remitter need 15CB in all the cases when your aggregate payments along with the present payment exceeds Rs. 500000/-. Aggregate payment means taking into account all the payment of any kind and payment made to all the companies togather . The limit is not remittee wise. E.g. if Company A remitte Rs.450000 to Foreigner […]