Daily Archives: February 12, 2017

Exemption from TDS on insurance commission w.e.f 01.06.2017

Exemption from TDS on insurance commission [Section 194D of Income Tax Act – Applicable from 01-06-2017] Enabling of Filing of Form 15G/15H for commission payments specified under section 194D The existing provision of sub-section 194D of the Act, inter-alia, provides for tax deduction at source (TDS) at the rate of 5% for payments in the… Read More »

Publications on GST by Indirect Taxes Committee of ICAI

Dear Professional Colleague, Greetings from Indirect Taxes Committee! India is witnessing a sea change in the indirect taxes regime. The implementation of much awaited Goods and Services Tax, which is major taxation reforms taken by the Government since independence, is around the corner. This new law would directly or indirectly affect every section of the… Read More »

Category: GST

Period for claiming deduction by start-ups u/s 80IAC extended w.e.f AY 2018-19

Period for claiming deduction by start-ups [ Section 80-IAC – Applicable from Financial Year 2017-18 ( Assessment Year 2018-19) ] Extending the period for claiming deduction by start-ups The existing provisions of section 80-IAC, inter alia, provide that an eligible start-up shall be allowed a deduction of an amount equal to one hundred per cent… Read More »

20% deduction under NPS Scheme to Self-employed individuals w.e.f AY 2018-19

Deduction for National Pension System [Section 80CCD – Applicable from Financial Year 2017-18 ( Assessment Year 2018-19) ] Rationalisation of deduction under section 80CCD for self-employed individual The existing provisions of section 80CCD of Income tax act provides that employee or other individuals shall be allowed a deduction for amount deposited in National Pension System trusts… Read More »

Deduction for investment made under equity savings scheme withdrawn w.e.f AY 2018-19

Deduction for investment made under equity savings scheme is withdrawn [Section 80CCG of Income Tax Act – Applicable from Financial Year 2017-18 ( Assessment Year 2018-19 )] Under the existing provisions of section 80CCG of Income tax Act , deduction for three consecutive assessment years is allowed upto Rs. 25,000 to a resident individual for… Read More »

Investing in Stock Markets -Book- Generic Elective in Commerce (CBCS) (January 2017 Edition)

Investing in Stock Markets – Generic Elective in Commerce (CBCS) (January 2017 Edition) A Comprehensive, Authentic and well Illustrated book on”Investing in Stock Markets” Paper for Ability Enhancement Elective Course (AEEC) of B.Com. & Generic Elective in Commerce [Three Years (6-Semester)CBCS Programme of Central Universities Throughout India] Simple and lucid presentation of the concepts, procedures… Read More »

Compliance in Banks (2nd Edition 2017) -useful Book for Bank Audit / Banking Students

Compliance in Banks (2nd Edition 2017) by  INDIAN INSTITUTE OF BANKING & FINANCE Bank regulations subject banks to certain guidelines, stipulations, and restrictions in their day to day operations. This regulatory structure creates transparency between banking institutions and the individuals and corporations with whom they conduct business, among other things. Given the inter-connectedness of the banking… Read More »

Handbook on Debt Recovery (2nd Edition 2017) Book

Handbook on Debt Recovery (2nd Edition 2017) by : INDIAN INSTITUTE OF BANKING & FINANCE Retail lending forms an important component in the asset portfolios of banks. As commercial banks shifted their focus from traditional need-based lending to a broad- based portfolio, retail lending became a mainstream business. There has been a good growth in consumer loans,… Read More »

Information System for Banks (2nd Edition 2017) -Book for IT Audit of Banks

Information System for Banks (2nd Edition 2017) by INDIAN INSTITUTE OF BANKING & FINANCE Increasing use of technology in banks has made dealings easier for customers and speeded up the operations. Meanwhile, there is a corresponding increase of risks in operations. Every bank should conduct Information Systems Audit (ISA) to minimize such risks. Following RBI’s guidelines,… Read More »

Treasury,Investment and Risk Management (2nd Edition 2017) Book by Taxmann

Treasury,Investment and Risk Management (2nd Edition 2017) by Taxmann This book on Treasury, Investment & Risk Management covers the key strategies of treasury management and a holistic understanding of treasury and risk management concepts and the logic that underpin financial instruments and derivatives. The subject has assumed an increasingly greater importance with the globalisation of Indian… Read More »