समृद्धि की पाठशाला

What is Digital Signature and why you need it ?? A Digital signature is simply your own signature in digital form . you can use it like you use your pen for your signature in signing various documents like rent agreements, Income Tax returns, GST returns , e-tender, Your letter, your email etc etc. in paper form .Simply said it is your Digital Pen. Digital signatures are easily transportable and cannot be imitated by someone else. The ability to ensure that the original signe d message arrived means that the sender cannot easily disclaim it later. Now you will say if I can sign with my pen why should I have a Digital Signature . Well , take this simple example , you have entered into an agreement ( for Business, Rent , Sale deed or anything like) with someone living at some other place. He sends you the agreement copy by email for your signature . How will you do it ??? a. you will download the document from your mail box b. print it , c. Sign on it d. Scan it and upload...

What is reverse charge in GST  What is Reverse Charge in GST We all know that it is usually seller who has to collect GST and pay it to govt. However in Reverse Charge it is the Purchaser who has to pay GST and not the supplier. Such situation arise when Supply is made by an unregistered dealer to a registered dealer. Then registered delaer will have to pay GST Supply of certain Goods & Services listed by CBES service through E commerce If an e-commerce operator supplies services then reverse charge will be applicable to the e-commerce operator. He will be liable to pay GST. For example, Amazon provides Goods & services etc. Amazon   is liable to pay GST and collect it from the customers instead of the registered service providers.

What is GST In simple word GST is an Indirect Tax levied on supply of Goods and services . It is unified tax system introduced in India from July 1 , 2017. All the earlier taxes like  State sales tax, Central Sales tax,  Octrai, Entry tax, Excise duty and various other local taxes has been merged into one Tax called Goods & Service Tax (GST) Who should Register for GST?? Individuals registered under the Pre-GST law (i.e., Excise, VAT, Service Tax etc.) Businesses with turnover above the threshold limit of Rs. 40 Lakhs* (Rs. 10 Lakhs for North-Eastern States, J&K, Himachal Pradesh and Uttarakhand)  Casual Taxable person / Non Resident Taxable Person Agents of a supplier & Input service distributor Those paying tax under the  Reverse Charge mechanism Person who supplies via e-commerce aggregator Every e-commerce aggregator Person supplying online information and database access or retrieval services from a place outside India to a ...

Importance of PAN Card & How to Apply It The PAN card includes the permanent account number and provided by the  Income Tax Department  to all the citizens of India and the taxpayers under the command of the Central Board of Direct Taxes. It is an alpha-numeric that also allots each citizen of this country with a unique identity. Apart from this, you have to provide this card during major financial transactions such as purchase of property, investments, and also receiving salary from your employer. The key objective of this card is to have a unified approach to track the financial transactions of the citizens of India . Any citizen of India with taxable income and the foreign national who qualify to pay tax in India must apply for PAN card. The self-employed professionals with a turnover that exceeds five lakhs must also apply for PAN card. The following are some of the reasons that demonstrate the importance of PAN card. • Opening a new bank account You have...

How to save Tax on Capital Gain ?? If you have got capital gain you are liable to Pay Tax on it . The rate of tax depends on Types of Capital gain , whether on sell of shares or property and whether it is Short term or Long term . The rate is from 10% to 30% on profit earned. However best thing is there are ways to avoid Tax on Capital gain , which are illustrated below.  If you have got Capital gain by way of selling Finished Flat or property you have to invest only Capital Gain or profit If you have got Capital gain by way of selling Under construction Flat or property you have to invest Whole of the Sale Proceed Seller has two options either buy a residential property within 2 years or construct a resedential house within 3 years If you are unable to do above things within time limit you have following options : CAPITAL GAIN ACCOUNT SCHEME There is a Govt scheme called : "Capital Gain Accounts Scheme " a.) If you can not buy another property or Cons...

What is capital gain Tax Before we try to know Tax on capital gain , let us first know what is capital . In commerce capital means assets (Fixed or current) like land, property, investment in shares , MF etc. It is called "Punji" in Hindi. So Capital gain (or loss) is a rise in value (or decrease in value) of your asset or your Punji. So if you bought a property for Rs. 10 lakh and sold it for Rs.11 lakh , 1 lakh is your capital gain (profit) and it is Taxable in your hand. Capital gains are of two types Short term capital Gain Long Term Capital gain In above example if you sold property within 24 months it is short term capital Gain , if you sold after holding more than 24 months it is Long term Capital gain . Tax treament in both cases will be different. take this example : Mr A bought a Flat in 2012-13 (2012-13 means from april 2012 to March 2013) for Rs 15 lakh and he sold the flat for Rs 50 lakh in 18-19. How much tax he will have to pay...

मेरी लन्दन यात्रा बचपन में ब्रिटेन और लन्दन के बारे में बहुत पढ़ी थी । चौथा पांचवा से लेकर कॉलेज तक की किताबो में ब्रिटेन , लन्दन और महारानी एलिज़ाबेथ के बारे में कुछ ना कुछ रहता ही था । उस ज़माने में हमारे ही गाँव के एक भलमानस लन्दन जा के  ICS  हो गए । श्री  T P Singh जी हमारे ही गाँव के थे । जब वे  ICS  बन के आये तो उनको हाथी पे बैठा के पुरे इलाके में घुमाया गया था । उस ज़माने में मेट्रिक पास करना भी बड़ी बात होती थी ।ICS   बनना तो खैर बड़ी बात थी ही लन्दन जाना भी आसान नहीं था । उस ज़माने में लन्दन जाने के लिए कोल्कता या मुंबई जा के पानी का जहाज पकड़ना पड़ता था । महीने भर में लोग लन्दन पहुचते थे । उस जामने में फ़ोन भी आसान नहीं था सो लोग पहुच गए या नहीं इसका पता भी बहुत दिन बाद चलता था । उस उम्र में जब मेरी उम्र गुडिया खेलने की थी तो लन्दन जाने का मन तो था मगर वह स्वपन को हकीकत में बदलने जैसी...