Precautions-Wealthy Investment
‘Smoking is injurious to health’ ‘Excessive spending is injurious to wealth’ ‘Transform your savings as investments/wealth As much as possible’
Read More‘Smoking is injurious to health’ ‘Excessive spending is injurious to wealth’ ‘Transform your savings as investments/wealth As much as possible’
Read MoreCarry Forward of Losses If a loss cannot be set off either under the same head or under the different heads because of absence or inadequacy of income of the same year, it may be carried forward and set off against the income of the subsequent year. Under the Act the following losses can be […]
Read MoreSet-off of Losses Set off of loss under the same head of income (Sec.70) If the net result fro any assessment year in respect of any source under any head of income is a loss, the assessee is entitled to have the amount of such loss set off against the income from any other source […]
Read MoreAdvance Tax All items of income (including capital gains, winning from lotteries, crossword puzzles, etc.,) are liable for payment of advance tax. Who is liable to pay advance tax: when the advance tax payable by any person for the assessment year immediately following the financial year is Rs.10,000/- or more An assessee who has opted […]
Read MorePayment of advance tax in pursuance of order of Assessing Officer If despite the legal obligation cast upon a taxpayer (who had earlier been assessed to income tax), he fails to pay advance tax (or advance tax is lower than the correct amount), the Assessing Officer may pass an order requiring him to pay advance […]
Read MorePayment of advance tax by the assessee of his own account An assessee who is liable to pay advance tax will be required to estimate his current income and pay advance tax thereon without having to submit any estimate or statement of income to the assessing authorities. After making payment of first /second installment of […]
Read More[nggallery id=9] Balanagar E Club Members Awareness Programme
Read MoreUn organized Non-Transparency If the money movement is not properly monitored, the economy of the Nation, Organization leads to growth of the Unorganized Sector which leads to growth of Illegal money, assets, investment, expenditure. Monitor: Money Men Material Message Motivation Management Economic Problems: More Taxes Fake Currency Un-Productive spending More difference between Cost price to […]
Read MoreSteps Required More precautions, Prevention’s The following are some of the steps required for stringent monitoring of money movements:
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