This includes the deduction available to company u/s 80GGA when they make payment to certain institutions which involves in scientific research and rural development
in this presentation , explained about one person company.
it's a new concept which includes some feature of sole trading concern and some features of a company.
New income tax regime Vs Old Income Tax Regime - what is good for you Husys Consulting Ltd
In this document, we looked at the differences between the New Income Tax Regime and how our old Income Tax Regime. How is it useful for employees. There is a clear difference in using these regimes. Employees are allowed to use any of these.
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Follow Husys on :
Linkedin : https://www.linkedin.com/company/143536/
Facebook : https://www.facebook.com/Husys
Twitter : @Husys
Slide Share : https://www.slideshare.net/grhusys/
Any questions can be directed to: reach(at)husys.com Phone : +91-9948078937 (India)
With the help of this presentation one can learn e filing of Income Tax Return and can start his/her own practice as agent for filing of income tax returns
Helps the student to know about the Agricultural Income in Indian Income tax Act 1961 and also how the Tax Liability will be calculated when an Assessee have both Agricultural and Non Agricultural Income
1. Absorption is a form of merger where there is a combination of two or more companies into an 'existing company'.
2. Features - One or more companies are liquidated, Generally, larger company purchase the business of smaller company.
3. Objectives - To have control over the market, To eliminate unnecessary competition, To get benefits of large scale operations.
4. Advantages - Expansion, Faster growth, Increased efficiency.
5. Reconstruction - Internal reconstruction is a method in which the reconstruction is undertaken without winding up the company and forming a new one.
External reconstruction takes place when an existing company goes into liquidation for the express purpose of selling its assets and liabilities.
6. Purchase Consideration - It is price payable by transferee company to transferor company by taking over the business of transferor company.
7. Amalgamation - When two or more different companies join to become one, the process is called Amalgamation.
There has been a rise in the number of people wanting to donate to political parties in the recent past. We have witnessed various people movements in the past on a number of issues like corruption, black money which has created awareness amongst citizens. People now realise that these issues can be tackled only by electing the right people and political parties to power. This has led to an increased interest in political affairs and political parties in the country.
Although Sec 80GGC was introduced by Finance Act 2009 closer to last General Elections to make election funding transparent and free of corruption, this section appears to be even more relevant in the current times. This section is meant for donations made by non-corporate assesses to political parties (for donations made by corporate assesses to political parties, Section 80GGB is relevant).
Check out this lesser known tax deduction for professional and self employed
https://onlineitreturn.com/blog/2014/09/donation-deduction-35ac-tax-tips-for-professionals-self-employed/
in this presentation , explained about one person company.
it's a new concept which includes some feature of sole trading concern and some features of a company.
New income tax regime Vs Old Income Tax Regime - what is good for you Husys Consulting Ltd
In this document, we looked at the differences between the New Income Tax Regime and how our old Income Tax Regime. How is it useful for employees. There is a clear difference in using these regimes. Employees are allowed to use any of these.
#hrexpert #hrservices
#labourlaws #payrollmanagement #hrbusinesspartner #eor #peo #hrsupport #hrtechnology
#hrconsulting #gigworkers
#careerstargroup
#smebusiness #hr #hrconsultancy #hrtech
#hroutsourcing #smesector #outplacement
#msme #globalworkforce #payrolling #indiapeo #indiaentry #smesurvival #peoindia #hrcloud #indiapayroll #listing
Follow Husys on :
Linkedin : https://www.linkedin.com/company/143536/
Facebook : https://www.facebook.com/Husys
Twitter : @Husys
Slide Share : https://www.slideshare.net/grhusys/
Any questions can be directed to: reach(at)husys.com Phone : +91-9948078937 (India)
With the help of this presentation one can learn e filing of Income Tax Return and can start his/her own practice as agent for filing of income tax returns
Helps the student to know about the Agricultural Income in Indian Income tax Act 1961 and also how the Tax Liability will be calculated when an Assessee have both Agricultural and Non Agricultural Income
1. Absorption is a form of merger where there is a combination of two or more companies into an 'existing company'.
2. Features - One or more companies are liquidated, Generally, larger company purchase the business of smaller company.
3. Objectives - To have control over the market, To eliminate unnecessary competition, To get benefits of large scale operations.
4. Advantages - Expansion, Faster growth, Increased efficiency.
5. Reconstruction - Internal reconstruction is a method in which the reconstruction is undertaken without winding up the company and forming a new one.
External reconstruction takes place when an existing company goes into liquidation for the express purpose of selling its assets and liabilities.
6. Purchase Consideration - It is price payable by transferee company to transferor company by taking over the business of transferor company.
7. Amalgamation - When two or more different companies join to become one, the process is called Amalgamation.
There has been a rise in the number of people wanting to donate to political parties in the recent past. We have witnessed various people movements in the past on a number of issues like corruption, black money which has created awareness amongst citizens. People now realise that these issues can be tackled only by electing the right people and political parties to power. This has led to an increased interest in political affairs and political parties in the country.
Although Sec 80GGC was introduced by Finance Act 2009 closer to last General Elections to make election funding transparent and free of corruption, this section appears to be even more relevant in the current times. This section is meant for donations made by non-corporate assesses to political parties (for donations made by corporate assesses to political parties, Section 80GGB is relevant).
Check out this lesser known tax deduction for professional and self employed
https://onlineitreturn.com/blog/2014/09/donation-deduction-35ac-tax-tips-for-professionals-self-employed/
That ‘charity’ is all about giving, is a universal fact. So expecting something in return doesn’t quite resonate with the concept. That, however, doesn’t mean your act of goodwill won’t or can’t yield benefits for you—you should simply take it as ‘karmic justice’. Tax deductible donation under Section 35AC for business Or equivalent section 80 GGA for others is an apt example of the same.
Section 35AC can be used as an effective tool of fund raising by NGO’s. It also beneficial to donor as they receive 100% rebate of income tax on the donated amount which makes a win-win situation for both.The objective of Section 35 AC is to encourage business organizations to contribute more in social and economic welfare and upliftment of general public. With the increased emphasis on the corporate social responsibility in the corporate sector and ostentatious display of charity by people like Bill Gates and Warren Buffet, the contribution in the monetary term by the corporate sector in India towards socially relevant project cannot be undermined.
The Chief Commissioner of Income Tax can affirm organizations under this section. Prior Religious Organizations were explicitly not allowed to be gotten U/s 80g. Those associations whose amount is not recognized with religious workouts were allowed. Presently, those spiritual associations which used a sum not going beyond 5 % of its dreadful wage towards religious workout are furthermore certified to be enrolled.
Address : Crystal Consultancy, Office Number- 204, 45B, 1st Floor, Hasanpur Main Road, Patparganj, I.P. Extension, Delhi- 110092
phone no-011-22235922,9711105597
A NGO can benefit salary impose exception by getting itself signed up and granting certain different conventions, yet such registration does not provide any profit to the individuals making gifts. The Earnings Tax Act 1961 has certain procurements which provide tax cuts to the "benefactors". All could as well profit the playing point of these procurements to attract prospective factors. Segment 80g is among such locations. In the event that gets itself signed up under section 80g then the specific or the company making a contribution to the NGO will get a derivation of 50 % from his/its assessable salary. Assuming that a NGO gets signed up under 12a and 80g, then just it is pertinent for any administration financing. A just recently enrolled NGO can also seek 80g enlistment. The accompanying archives required for 80g enlistment.
1. Copy of Registration certification of the NGO and its bye-laws.
2. Copies of Detail of activities because its creation or last 3 years whichever is less.
3. Copies of audited accounts of the institution/NGO since its creation or last 3 years whichever is less.
4.Copy of Pan Card.
5. Information of the members of the NGO.
Crystal Consultancy has been established to cater to the needs of thousands of NGOs all over India and is the only organisation providing various services in respect of 12a and 80g besides ngo services and guidance in the whole of India.
This material is for PGPSE / CSE students of AFTERSCHOOOL. PGPSE / CSE are free online programme - open for all - free for all - to promote entrepreneurship and social entrepreneurship PGPSE is for those who want to transform the world. It is different from MBA, BBA, CFA, CA,CS,ICWA and other traditional programmes. It is based on self certification and based on self learning and guidance by mentors. It is for those who want to be entrepreneurs and social changers. Let us work together. Our basic idea is that KNOWLEDGE IS FREE & AND SHARE IT WITH THE WORLD
CONVERSION OF PARTNERSHIP FIRM INTO LLPANMOL GULATI
-This document contains all the conceptual knowledge about: 1. partnership firm 2. LLP
- suitability/ unsuitability of both form of organisations
- benefits of LLP over firm
- Conversion process
- statutory compliances
ALL THE DETAILS ARE MENTIONED IN THE DOCUMENT RELATED TO ALL 4 PERSPECTIVES OF BSC.
-REFERRED MAINLY FOR STRATEGIC COST MANAGEMENT.
-INCLUDES ALL THE EXPLANATION WITH APPROPRIATE EXAMPLES & CASE STUDY
RISK & RETURN UNDER SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT IS DESCRIBED, ALL THE DETAILED EXPLANATION OF TOPIC IS GIVEN UNDER THIS DOCUMENT.
CAN ALSO REFERRED FOR FINANCIAL MANAGEMENT, INSURANCE.
THERE ARE SO MANY STANDARDS OF AUDITING, HERE IN THIS PDF, I HAVE EXPLAINED ANY 10 STANDARDS ON AUDITING WITH FLOWCHARTS, PICTURES FOR BETTER REFERENCE OF THE TOPIC
DETAILED POWERPOINT PRESENTATION ON KAIZEN COSTING TO BE PRESENTED IN CLASS WITH THE HELP OF MCQ FOR BETTER UNDERSTANDING OF THE CONCEPTS & ILLUSTRATIVE , SELF EXPLANATORY PICTURES
FOREIGN CURRENCY TRANSLATION : methods that are followed like : temporal method, current/non-current method, current rate method , monetary/non-monetary method and balance sheet exposure, foreign currency translation .adjustments.
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how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
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how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
2. Section 8OGGA of the Income Tax Act provides deductions for donations
made for scientific research or rural development. It provides tax benefits
to donors as well as helps in supporting the scientific and rural
development of the country.
A vast number of institutions which are into scientific research and rural
development rely on voluntary donations made by individuals and
Section 8OGGA acts as a lifeline for them, incentivizing donors to
contribute to the growth and development of the nation.
3. It allows deductions for donations made towards scientific
research or rural development.
Available to: to all assessee except those who have an income (or
loss) from a business and/or a profession.
Amount of deduction : 100% of amount paid.
Mode of payment : in the form of a cheque or by a draft or in cash;
however cash donations in excess of Rs 10,000 are not allowed as
deductions.
4. There is no upper limit to the sum that one can donate to
institutes which adhere to principles under this Section.
One should verify the institute where donation is being
made is registered and their registration number is valid
on the day of making donation
5. This section was introduced with the aim to
offer incentives to individuals donating to
noble causes, helping them save money and
increasing philanthropy.
6. The deduction is available in respect of the payments made during the previous year
to the following institutions:
o Any sum paid to a research association which undertakes scientific research, or
a sum paid to a college, university or any other institution to be used for
scientific research that is all approved by the prescribed authority.
o Sum paid to a research association which undertakes research in social science
or statistical research, or sum paid to a college, university or any other
institution to be used for the same purpose, and these must all be approved by
the prescribed authority under section.
7. To a public sector company or a local authority, or to an association or
institution approved by the National Committee, for carrying out any
eligible project or scheme (Business assessees were allowed this
deduction u/s 35AC). In this case also the assessee should furnish a
certificate as a required under section 35AC.
Sum paid to an approved association or institution which undertakes
training of person(s) for implementing programs of rural development.
8. The entire whole amount donated, that is 100% of amount donated
qualifies for deduction, as there is no cap or upper limit on the deduction
amount.
For instance, an ASSESSEE has an annual taxable income of Rs 5 lakh and
decides to donate Rs 50,000 to an institute engaged in rural
development. Under Section 80GGA this individual’s donation will be
eligible for tax deduction, which will make the taxable income post the
donation Rs 4.5 lakh, provided the donation has been made via cheque or
draft. If the donation was made by cash, only Rs 10,000 would be
considered for deduction.
9. Assessee has an income under head business
& profession of Rs. 30,00,000
Donates : Rs. 5,00,000 forAPPROVED
SOCIAL SCIENCE INSTITUTION.
Calculate taxable income :
ITWILL BE : 30,00,000
(AS, In this case the assessee is not eligible for
deduction because the income is arising from
head business & profession)
10. CASE 1 : DONATED 1,00,000 IN
CASH
GTI 20,00,000
Less: deduction
u/s 8OGGA (10,000)
Taxable income 19,90,000
As, according to section only
10,000 will be exempted if
donation is paid in cash.
CASE 2 : DONATED 1,00,000
AND PAIDTHROUGH CHEQUE
GTI 20,00,000
Less: deduction
u/s 8OGGA (1,00,000)
Taxable income 19,00,000
As, according to section full
donation amount will be
eligible for deduction if paid
through cheque
11. They both are eligible for 100% deduction.
No prescribed upper limit .
12. SECTION 8OGGA
Includes Income source
which does not comes
from business or
profession.
Deductions under Section
80GGA cannot be carried
forward to the next year in
the form of losses.
SECTION 35AC
Allows individuals who
have an income through
business or profession to
enjoy the benefits of tax
deduction.
Deductions under Section
35AC can be carried
forward to the next year in
the form of a losses.
13. Form 58A: Donors need to ensure they get a
copy of Form 58A, which is essential for them
to claim 100% tax deduction in lieu of
donations made to institutes/NGOs.
14.
15. Approval withdrawal: One should check up on an
institute before donating money to see if it is
registered and complies with the rules in place. It is
possible for institutes to lose their
affiliations/approval at times.
In such cases, any donation made to an institute before
it loses its approval stands valid and can be claimed
for deduction.
16. Only one deduction is allowed for a particular
assessment year. Section 80GGA does not
permit double deductions, which means, if a
donation towards a certain cause is claimed as a
deduction for a particular assessment year then
no other deduction can be claimed for the same
year under this section.
17. You can claim a deduction while filing your income
tax return with the following information –
1. Name
2. PAN
3. Address of Donor along with the amount of
contribution.