CMA data preparation for loan : 5 Things to know

CMA data preparation  and presentation is necessary for bank loan or working capital loan or for seeking CC limit . Do you know what is CMA data? Why the banks require it? What are the components of it? What is benefits of presenting CMA data? To answer all these questions, I have written this post.   Get prepared CMA data by CA   CMA data preparation for bank loan: 5 Important things to know   CMA data meaning: Full form of CMA data is Credit Monitoring Arrangement data. It is the report to be presented to bank to show...

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NRI taxation in India : 7 important rules to know

NRI taxation in India is governed by NRI income tax rules. Non residential indian should know seven income tax rules before deciding taxability of income earned by him in India. In this article, you will get knowledge and understanding of these points. 7 Income tax rules for  NRI taxation in India: Introduction to the Basic Taxation structure NRI and its interpretation(s), etc. Residential Status of NRI Categories of Income & Liability to Tax Slab Rates Applicable to NRI. Double Tax Avoidance Agreements. Advanced implications also relevant for NRI’s – TDS rates for NRI Introduction: The Central Board of Direct...

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7 Benefits of filling income tax return

Yesterday my client asked me the question about benefits of filling income tax return.He was arguing, ” I am salaried employee and his income is less than Rs. 5 lakhs and TDS is already deducted. So there is no need to file income tax return.”I have explained some points to him which I have presented in this article. I hope it will help you to understand income tax return filling benefits. 7 benefits of filling income tax return: Fast refund processing: TDS is one of the most important reason for filling of income tax return. My 60% clients are...

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Capital gain on sale of agriculture land: 7 important points to know

Capital gain on sale of agriculture land is exempt if land is situated in rural area. Here, many inter related sectoins are covered to understand the topic. It is necessary to study section 2(14) -changes in definition of capital asset in financial bill, 2013, section 10 ( 37), section 45, section 54B, section 194LA. All these sections are covered in this article. I have presented theme in details for better understanding. 7 important points about capital gain on sale of agriculture land: Capital gain on agriculure land held as investment:  capital asset definition under section 2(14) and changes in...

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