"agriculturist" means an individual or a Hindu Undivided Family who undertakes cultivation of land (a) by own labour, or (b) by the labour of family, or (c) by servants on…
Persons not liable for registration (1) The following persons shall not be liable to registration, namely: — (a) any person engaged exclusively in the business of supplying goods or services…
A penalty of higher of the tax evaded or 20000/- (ten thousand rupees each under CGST Act and respective SGST Act) can be levied by the tax authorities for the…
Every registered person required to keep and maintain books of account or other records in accordance with the provisions of sub-section (1) of section 35 shall retain them until the…
Every electronic commerce operator is required to collect tax at source under section 52 shall furnish a statement in FORM GSTR-8 electronically on the common portal, either directly or from…
The amount collected by the operator is to be paid to the appropriate government within 10 days after the end of the month in which the said amount was so…
Tax is not liable to be collected at source on any supplies on which the recipient is required to pay tax on reverse charge basis. Hence, tax is not liable…
Registration for TCS would be required in each State/ UT as the obligation for collecting TCS would be there for every intra-State or inter-State supply. In order to facilitate the…
The rate of TCS is 0.5% under each of CGST and SGST/UT Acts respectively. It is 1% under the IGST Act, 2017. other details related to TCS. https://casolutionsglobal.com/who-is-liable-to-collect-tcs-under-gst/
Every electronic commerce operator, not being an agent, shall collect an amount calculated at such rate not exceeding one percent, as may be notified by the Government on the recommendations…
The Micro, Small, and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSME sector contributes around…
This presentation is prepared by Miss Riya Aggarwal, Mr. Abhishek Goel, and Mr. Uday Jain What are InvITs ? Investment instruments that work like mutual funds and are regulated by…
This presentation is prepared by Miss NATASHA CHAUDHARY, Mr. SANANT MUNDHRA, Mr. Jasmanjot Singh
This presentation is prepared by Mr. Pardeep Kumar, Miss Simran, and Mr. Priyansh Minocha
“India” means the territory of India as referred to in article 1 of the Constitution, its territorial waters, seabed and sub-soil underlying such waters, continental shelf, exclusive economic zone or…
In continuation of Announcement dated 7 November 2020, it is informed that January/February 2021 examination will commence from 21 January 2021 in all cities where exam are currently scheduled for…
Meet Srikanth Bolla, He was born #blind. He cleared the Andhra Pradesh class X board exam with over 90% marks. But the board said he could only take Arts subjects after…
To move window Ctrl+F7 To remove the outline border around selected cell Ctrl+Shift+_ To apply/remove strike through formatting Ctrl+5 To move previous pane Shift+F6 To move next pane F6 Move…
To repeat the last action F4 To calculate the worksheet in all open workbook Ctrl+Alt+F9 To rechecks dependent formula Ctrl+Alt+Shift+F9 To define the name Ctrl+F3 To create the names in…
Alt+Function Keys :- Alt+F1 Go to the next field. Alt+F3 Create a new Building Block. Alt+F4 Exit Word. Alt+F5 Restore the program window size. Alt+F6 Move from an open dialog box…
Edit and move text and graphics:- F8 Turn to extend mode on. F8, and then press Left Arrow or Right Arrow Select the nearest character. F8 (press once to select…
Navigate the Ribbon with only the Keyboard :- Alt+F To use Backstage view, open the File page. Alt+G To use themes, colors, and effects, such as page borders, open the Design tab. Alt+H To…
Board of Directors of the Company through a resolution passed by circulation on Saturday, October 24, 2020 have approved First Interim Dividend of ₹ 9.50 per equity share i.e. 950…
In continuation to the Announcements dated 15th July, 8th and 13th October 2020 made regarding the revised schedule of Chartered Accountant November 2020 Examinations and option to opt-out from November…
Some of the Ms word shortcuts keys Open Ctrl+O Save Ctrl+S Close Ctrl+W Cut Ctrl+X Copy Ctrl+C Paste Ctrl+V Select all Ctrl+A Bold Ctrl+B Italic Ctrl+I Underline Ctrl+U Decrease font…
To Adjust Column Width to Fit the Content Alt+O+C+A To Adjust Column Width to Specific Value Alt+O+C+W To Adjust Row Height to Fit the Content Alt+O+R+A To Adjust Row Height…
To insert new worksheet Shift+F11 To save the file Shift+F12 To open the file Ctrl+F12 To give the print Ctrl+Shift+F12 To save the file Alt+Shift+F2 To print the file Ctrl+P…
The password of Form 16 Format as follows The password will be your PAN (first 5 letters in uppercase) and date of birth ("DDMMYYYY" format). For example, if your PAN…
Investments in financial securities that are quoted on stock markets are known as quoted investments for example shares, debentures, or other securities listed on NSE or BSE.
To repeat the last action F4 To calculate the worksheet in all open workbook Ctrl+Alt+F9 To rechecks dependent formula Ctrl+Alt+Shift+F9 To define the name Ctrl+F3 To create the names in…
What is section 149(3) Every company shall have at least one director who stays in India for a total period of not less than one hundred and eighty-two days during…
Pivot Tables Shortcuts Create pivot table Alt + N, V Select entire pivot table Ctrl + A Group pivot table items Alt + Shift + → Ungroup pivot table items…
Number Formatting Particulars …
Insert new worksheet Shift + F11 Go to next worksheet Ctrl + Pg Dn Go to previous worksheet Ctrl + Pg Up Print Ctrl + P Create new workbook Ctrl…
"Nidhi" means a company which has been incorporated as a Nidhi (a)with the object of cultivating the habit of thrift and savings amongst its members, (b) receiving deposits from, and…
This Content/P.D.F is prepared by Prerana Tata who is CA Final student and aims to enhance knowledge and specifically for exam-oriented and not replaces any professional advice.
This Content/P.D.F is prepared by Prerana Tata who is CA Final student and aims to enhance knowledge and specifically for exam-oriented and not replaces any professional advice.
This Content/P.D.F is prepared by Prerana Tata who is CA Final student and aims to enhance knowledge and specifically for exam-oriented and not replaces any professional advice.
This Content/P.D.F is prepared by Prerana Tata who is CA Final student and aims to enhance knowledge and specifically for exam-oriented and not replaces any professional advice.
his is covered under the division of 90 and has one grouping (refer below) Division 90 …
This is covered under the division of 99 and has one grouping of 990 and has one code 9900 Division 99 Activities of…
Whosoever directly or indirectly attempts to indulge or knowingly assist or knowingly is a party or is actually involved in any process or activity connected with the proceeds of crime…
In this Video, all the Concepts of Ind AS 2 is discussed in a Detailed way specifically for CA Final Examination by CA Kartik Jindal (AIR-9 CA Final) in November…
In this Video, all the Concepts of Ind AS 12 is discussed in Detailed Way by CA Kartik Jindal (AIR-9 CA Final) in November 2019. https://www.youtube.com/watch?v=5cqe9NumZcI
This Content/P.D.F is prepared by Prerana Tata who is CA Final student and aims to enhance knowledge and specifically for exam-oriented and not replaces any professional advice.
On consideration of genuine difficulties being faced by the taxpayers due to the outbreak of the COVID-19 pandemic, the Central Board of Direct Taxes (CBDT), in the exercise of powers…
Last date for filing ITR (Income tax return) for FY 2018-19 and FY 2019-20 1. 30th September 2020 for belated income tax return filling of Financial year 2018-19 The last…
This Content/P.D.F is prepared by Prerana Tata who is CA Final student and aims to enhance knowledge and specifically for exam-oriented and not replaces any professional advice.
This Content/P.D.F is prepared by Prerana Tata who is CA Final student and aims to enhance knowledge and specifically for exam-oriented and not replaces any professional advice.
This Content/P.D.F is prepared by Prerana Tata who is CA Final student and aims to enhance knowledge and specifically for exam-oriented and not replaces any professional advice.
This Question Bank for CA Final Financial Reporting (New) November 2020 compiled By CA Kartik Jindal (AIR-9 CA Final) in November 2019.
Penalty for late filling of GSTR 9 As per Section Section, 47(2) provides that where any registered person fails to furnish an annual return by the due date total late…
GST registration in 3 days ‘Physical verification of business place is required if Aadhaar is NOT authenticated: CBIC’ Notification No 62/2020 dated 20/08/2020 (a) If a person applying for GST…
Clarification on Extension of Annual General Meeting (AGM) for the financial year ended as at 31.03.2020- Companies Act, 2013: The matter after examined regarding holding of AGM through video conferencing…
This Content/P.D.F is prepared by Prerana Tata who is CA Final and aims to enhance knowledge and not replaces any professional advice.
This Content/P.D.F is prepared by Prerana Tata who is CA Final and aims to enhance knowledge and not replaces any professional advice.
ITR due date for A.Y 19-20 (i.e. F.Y 18-19) is extended from 31st July 2020 to 30th September 2020. See the Notification below
This class excludes: - production of fishmeal for animal feed, see 1020 - production of oilseed cake, see 1040 - activities resulting in by-products usable as animal feed without special…
This class includes manufacture of ready-made (i.e. prepared, seasoned, and cooked) meals and dishes, in frozen or canned form. These dishes are usually packaged and labeled for resale, i.e. this…
Manufacture of macaroni, noodles, couscous and similar farinaceous products This class includes manufacture of pastas such as macaroni and noodles, whether or not cooked or stuffed, manufacture of couscous, manufacture…
This class excludes: - manufacture of sucrose sugar, see 1072 This is covered under the division of 107 and grouping of 1073 and has several codes (refer below) 10731 …
Manufacture of sugar This class excludes: - manufacture of glucose, glucose syrup, maltose, see 1062 This is covered under the division of 107 and grouping of 1072 and has several…
NIC Code of Manufacture of bakery products This class excludes: - manufacture of farinaceous products (pastas), see 1074 - manufacture of potato snacks, see 1030 - heating up of bakery…
Manufacture of grain mill products This class excludes: - manufacture of potato flour and meal, see 1030 - wet corn milling, see 1062 10611 …
Manufacture of dairy products This class excludes: - production of raw milk (cattle), see 0141 - production of raw milk (camels, etc.), see 0143 - production of raw milk (sheep,…
Manufacture of vegetable and animal oils and fats This class excludes: - rendering and refining of lard and other edible animal fats, see 1010 - wet corn milling, see 1062…
Processing and preserving of fruit and vegetables This class excludes: - manufacture of flour or meal of dried leguminous vegetables, see 1061 - preservation of fruit and nuts in sugar,…
Processing and preserving of fish, crustaceans and molluscs and products thereof This class excludes: - processing of whales on land or specialized vessels, see 1010 - production of oils and…
NIC Code of Processing and preserving of meat This class includes non-edible by-products This class excludes: (I) Manufacture of prepared frozen meat and poultry dishes, see 1075 (II) Manufacture of…
NIC Code of Mining of iron ores This class includes mining of ores valued chiefly for iron content, beneficiation and agglomeration of iron ores This class excludes: - extraction and…
Other reservation service and related activities This class includes the activities of marketing and promoting of services for visitors by providing information and assistance to organizations to locate accommodation, convention…
NIC Code of Tour operator activities This class includes the activities of arranging and assembling tours that are sold through travel agencies or directly by tour operators. This class also…
Travel agency activities This class includes the activities of agencies, primarily engaged in selling travel, tour, transportation and accommodation services to the general and commercial clients. This is covered under…
Veterinary activities These activities include the provision of animal health care and control activities for farm animals or pet animals. These activities are carried out by qualified veterinarians in veterinary…
Market research and public opinion polling This class includes an investigation into market potential, acceptance and familiarity of products and buying habits of consumers for the purpose of sales promotion…
This class includes the provision of a full range of advertising services (i.e. through in-house capabilities or subcontracting), including advice, creative services, production of advertising material, media planning, and…
This is covered in the Division of 74 and group7490 Other professional, scientific, and technical activities n.e.c. 74901 …
Specialized design activities This class excludes: architectural and engineering design, see 7110 74101 Fashion design…
Photographic activities covered under division 74 and group 742 : This class excludes: - processing motion picture film related to the motion picture and television industries, see 5911 - cartographic…
Documents Required For GST Registration for sole proprietorship Proprietor Pan Card Proprietor Email ID and Mobile Number. Proprietor Aadhaar Card Proprietor Photo Business address with proof in case of ownership…
This is covered in Division 12 then further in 1200 series Refer Below Manufacture of tobacco products This class excludes: growing or preliminary processing of tobacco, see 0115, 0163 12001 …
This is under 11 then 1104 Manufacture of soft drinks; production of mineral waters and other bottled waters This class excludes: - production of fruit and vegetable juice, see 1030…
Nic code of Beverage crops Growing of beverage crops 01271 Growing of tea 01272 …
Circular dated 13 July 2020, provides One-time measure for resolving the grievances of the taxpayers associated with non-filing of ITR-V for earlier Assessment Years and to regularize such returns which…
Some people think why to file ITR with low income/ income not exceeding the specific limit, here are some cool 8 advantages to file the return without exceeding the income:…
GST taxpayers with NIL outward supplies would not be required to log on to the GST Portal and would be able to file their NIL statement in FORM GSTR-1 and…
Effective from 1st July 2020 An enterprise shall be classified as a micro, small or medium enterprise on the basis of the following criteria, namely:-- (i) a micro enterprise, where…
Effective from 1st July 2020, there is a new criteria (ie. turnover) to be ascertained before applying for MSME registration under Micro, small and medium enterprises. (1) Exports of goods…
Effective from 1 st July 2020, (1) All existing enterprises registered under EM–Part-II or UAM shall register again on the Udyam Registration portal on or after the 1 st day…
Effective from 1st July 2020, there is a change in investment in plant and machinery concepts so aware while taking MSME registration under the MSME Act. The below factors should…
SEBI, vide circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/38 dated March 19, 2020 and circular No. SEBI/HO/DDHS/ON/P/2020/41 dated March 23, 2020, had extended the timeline for submission of financial results under regulations 33 and…
1. Measures for Trade facilitation: Reduction in Late Fee for past Returns: As a measure to clean up pendency in return filing, a late fee for non-furnishing FORM GSTR-3B for…
There is a change in Turnover criteria for Medium enterprises. It is increased from 100 crores to 250 crores (old definition) (i) a micro-enterprise, where the investment in Plant and…