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View and comment on the tax updates on a single page
Do you think that the tax news in simple language are better? Can you write them in simple language? and then broadcast? Then Write them at shocks n mocks.
About shocksnmocks
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Treatment of Preliminary Expenses
A company is a person brought to life by the law of the country. And in the process of bringing a company to life, real people invest their time and money. It means the company when it finally comes to existence, is already in debt to these people...
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File your Income Tax Return Yourself in 30 minutes - All you need is your for...
If you are salaried and have form 16, then you can fill, file your income tax return in just 30 minutes - yourself, without sharing any information with anyone.
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File your Income Tax Return Yourself in 30 minutes - All you need is your for...
If you are salaried and have form 16, then you can fill, file your income tax return in just 30 minutes - yourself, without sharing any information with anyone.
Login to write your news
Procedures to incorporate an insurance company
Let me discuss the procedures to incorporate insurance company as mentioned under the insurance act, 1950. 1 Apply for issuance of requisition for the registration. 2 Apply for the registration to get the incorporation certificate.
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Basic requirement to commence insurance business: Check these 4 points
There are certain requirements that should be complied with to incorporate an insurance company. The minimum capital requirement, mode of investment, limit of foreign investment and shareholding of foreign investors are defined under the insurance...
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How to incorporate an insurance company in India?
Insurance business in India is growing rapidly. Insurance business market is widening over the years. If you want to carry an insurance company, it needs to get registered under the Insurance act 1938. All the provisions of the act should be sa...
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Avoid sharing important credentials: you can file ITR-1 by yourself.
ITR-1 is a simple form. It can be prepared and submit online. You should not be well known about all the provisions of the tax. If you have a general knowledge of components of salary like HRA, perquisites, deductions for your investment, you ...
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Complete guide to file ITR-1
Have you made any investment in the eligible scheme? If, yes you can claim exemption of such investment or expenses.
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Complete guide to file ITR-1
Part- E – Other Information If you have any refund to claim, it will be credited on your bank account you provided under this schedule. Here you have to provide IFSC Code of the bank, Name of the Bank and your Bank Account Number.
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Complete Guide to file ITR-1
Have you completed Part A 'general information'? if, yes let's discuss income detail that you need to fill.
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Guide to file ITR-1
The first part of ITR-1 is general information. Here you need to give your personal details. Here you are required to give your communication details so that department can communicate queries, notices, demands etc with you.
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Interest and Penalties under Income Tax - Interest for late filing of Income ...
The Income tax act has provisions for various fines, fees, interest and penalties for those people who default in their obligations of paying advance taxes on time, filing returns on time, depositing of TDS and other taxes within the correct perio...
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Income Tax by Chiranjibi Chapagain
Interest and Penalties under Income Tax - Defaults in payment of advance tax.
Case Law,Jul. 03, 2019The Income tax act has provisions for various fines, fees, interest and penalties for those people who default in their obligations of paying advance taxes on time, filing returns on time, depositing of TDS and other taxes within the correct period etc. In this ripple, we shall discuss the interest charged by the department for defaults in payment of Advance tax
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Income Tax by Jeeba
Whom ITR-1 is applicable?
Case Law,Jun. 20, 2019Form ITR-1 is applicable to residents and ordinarily residents.
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Income Tax by Jeeba
What is form 16?
Case Law,Jul. 03, 2019Form 16 is a certificate issued by the employer for the tax deducted from the salary. Form 16 has the details of tax deducted and deposited with the government. It provides you with the details of income tax paid during the year.
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Income Tax by Jeeba
Why you need form 16 and 26AS to file your return? How can you get it?
Case Law,Jul. 03, 2019The due to file an income tax return by the individual is 31st July 2019. You can now file your return for AY 2019-20. You should have form 16 and 26AS by hand to file return.
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Income Tax by Chiranjibi Chapagain
Residential Status India - Are you an Indian Resident?
Case Law,Jul. 03, 2019In this ripple, we shall study section 6 of the Income Tax Act titled "Residence In India". This section lays out some conditions for determining whether an Individual is Resident, Non-resident or Resident but not ordinarily Resident. We shall focus on Resident Individuals in this ripple, and continue the discussion in the coming ripples.
Income Tax by Chiranjibi ChapagainResidence in India - Are you an Non Resident Indian (NRI)?
For income tax purposes in India, an Individual can be a 'Resident Indian' or a 'Non Resident Indian.' Or the individual can also be a 'Resident but not Ordinary Resident (RNOR).' In this article, we take a look at who an RNOR is and why this special status is accorded.
Case Law,Jul. 03, 2019-
Income Tax by Jeeba
How to file an income tax return?
Case Law,Jul. 02, 2019Due date to file an income tax return is about to come. All the individuals should file their returns on or before 31st July. All you have to file your return online. Super senior citizens are however allowed to file a physical return.
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Income Tax by Jeeba
Are you a salaried employee? Keep these documents ready to file your return.
Case Law,Jul. 02, 2019Individuals having taxable income must file their income tax return of FY 2018-19 by 31st July 2019. All the return is to be filed electronically by the taxpayers.
Income Tax by Chiranjibi Chapagain
Payment of Taxes & Income Tax Challan
Case Law,Jul. 02, 2019In this series, we shall discuss the different types of taxes that the Income tax department collects. We shall primarily focus on Income tax challan and how taxpayers can pay their taxes online.
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Others by Jeeba on Jul. 02, 2019
Right issue of shares Conditions, Procedures you should know
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RBI, FEMA & BANKING by Chiranjibi Chapagain on Jul. 01, 2019Mutual Funds Investing #1 : What are Mutual Funds?
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Others by Jeeba on Jul. 02, 2019Private placement of shares by private company
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Others by Jeeba on Jul. 02, 2019How can a private company raise its share capital?
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Income Tax by Jeeba on Jul. 02, 2019Section 13 of the income tax act: Circumstances where exemption for trust can...
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