Tax4wealth Academy- Jobs Placements and Skill Development Online Accounting Courses

Choose Best Business Structure before Going to Start New Business : Which Business Structure you can choose before Starting a New Business? 1. Sole Proprietorship 2. Partnership. 3. OPC – One Personal Company 4. Private Limited Company 5. Public Limited Company 6. Problems in Sole Proprietorship and Partnership         •   No separate Legal Entity         •   Personal Assets Part of Business. 7. LLP - Limited Liability Partnership       •   Compliances are Less.       •   Easy Procedure of Incorporation.       •   Taxation Rate is 30% 8. Benefit of One Personal Company 9. Benefit of Private Limited Company      •   Best Structure for Startups 10. Difference between LLP and Private Limited Company  : Limited Liability Partnership ( LLP ) 1. Less Credibility 2. Problem in Raising Funds Private L...

Details about Money Market DIFFERENCE BETWEEN MONEY MARKET AND CAPITAL MARKET  CAPITAL MARKET 1. Long term funds 2. Shares, debentures, bonds etc., Are main instruments in capital market 3. Small face value of securities 4. Development banks, investment institutions are major players 5. Formal place, stock exchanges 6. Brokers playing a vital role  MONEY MARKET 1. Short term funds 2. Instruments are: bills, CPs, T-bills, CDs etc., 3. Huge face value for single instrument 4. Central and coml. banks are major players 5. No formal place for transactions 6. Usually no role for brokers Money Market  A market where short term funds are borrowed and lend is called money market. It deals in short term monetary assets with a maturity period of one year or less. Liquid funds as well as highly liquid securities are traded in the money market. Examples of money market are Treasury bill market, call money market, commercial bill market etc.  ...

Ask Question: Mutual Fund   When negative return  Lump sum investment is Good or not? Questions:  Q1.  In case of if mutual fund scheme which is giving negative return. How would I decide whether to Hold or Exit from fund?  Q2.  Is it Good time to make Lumpsum investment in Mutual Fund now? https://www.youtube.com/channel/UCpLA1d2SabkUKkrlzg4AOqA?view_as=subscriber Follow me on Social Media: 1.  Facebook : https://www.facebook.com/tax4wealth 2.  Linkedin   : https://www.linkedin.com/in/tax4-wealth-4aa2b718b/ 3.  Twitter     : https://twitter.com/tax4wealth 4. Tumblr      :  https://tax4wealth.tumblr.com/ 5. Pinterest   : https://in.pinterest.com/tax4wealth/pins/ 6. Medium    :  https://medium.com/@bhartichawla27 Google Play Store https://play.google.com/store/apps/details?id=com.future.hellotaxindia&hl=en_IN ▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾...

6 Changes in Income Tax Law from Sept 1, 2019 | Section 194DA | 194M | 194IA | 194N |285BA  6 Changes in Income Tax Law from Sept 1, 2019  TDS on additional payments made when purchasing immovable property like Club Member Fee, car parking, Water facility etc  TDS on Cash withdrawals from Bank Account TDS on payments made by individuals and HUFs to contractors and professionals TDS on non-exempt portion of life insurance  Banks and FIs can be asked to report even small transactions  Inter-changeability of PAN and Aadhaar and mandatory quoting in prescribed transactions https://www.youtube.com/channel/UCpLA1d2SabkUKkrlzg4AOqA?view_as=subscriber Follow me on Social Media: 1.  Facebook : https://www.facebook.com/tax4wealth 2.  Linkedin   : https://www.linkedin.com/in/tax4-wealth-4aa2b718b/ 3.  Twitter     : https://twitter.com/tax4wealth 4. Tumblr      :  https://tax4weal...

INVESTMENT OPTION FOR SENIOR CITIZEN 2 TYPES OF INVESTMENT OPTION FOR SENIOR CITIZEN 1. Tax Saving 2. Investment TAX SAVING 1. Senior Citizen Saving Scheme a) Eligibility: i. Age above 60 ii. Citizen who opted voluntary retirement scheme or retired between the age of 55 and 60. b) 80C Deduction c) Regular Income : d) Tax Benefit – Upto 1.5 L under 80C e) TDS – Upto 1,50,000 No TDS up 5000 u/s 80TTB but more than that then file 15H declaration to avoid TDS. f) Penalty for Premature. 2. Tax Saving Fix Deposit : Five Year lock in a) 80C Deduction b) Regular Income : c) Tax Benefit – Upto 1.5 L under 80C d) TDS – Upto 1,50,000 No TDS up 5000 u/s 80TTB but more than that then file 15H declaration to avoid TDS. e) Penalty for Premature. INVESTMENT a) NCD : Non-Convertible Dentures b) Corporate FD’s c) Post Office Monthly Scheme 7.6% Taxable No deduction u/s 80C d) Mutual Fund e) ELSS Follow me on Social Media: 1. Facebook :  https://www.facebook.com/tax4wealth 2. Linkedin : ...

Future and options : Everything an F&O Traders should know about Return Filing : 1.How to calculate turnover in F&O: The turnover in case of Futures and Options transactions is calculated as follows a. The sum of favorable and unfavorable differences shall be taken as turnover. Aggregate of both positive as well as negative differences will be taken together to calculate turnover in case of derivatives, futures & Options transactions. Or in other words both profits and losses will be added to calculate the turnover. b. Premium received on sale of options is also to be included in turnover. c. In respect of any reverse trades entered, the difference thereon, should also form part of the turnover. 2. Allowed Expenses under F&O: a. Brokerage, b. broker’s commission, c. subscriptions to journals related to trading, d. telephone bills, internet costs, e. consultant charges if you engaged a person or took advice from a professional who charged you. Or salary of a person...

What is e assessment scheme for faceless scrutiny of income tax :  1. Under the scheme, the scrutiny notice will be issued to the individual under section 143(2) if he has under-reported his income or over-stated losses. 1:28 . The individual will have to reply within 15 days from the date of receipt of notice. The notice issued will be sent electronically on the taxpayer's account on the e-fling website, to the registered email address of the taxpayer or on the mobile app of the income tax department which has the registered mobile number. 2:02 Individual will be required to respond to the notice or order received through the registered account only. The response shall be considered successfully submitted once individual has received the acknowledgement from the National e-assessment Centre. tax deduction  2:50  Individual taxpayers would not be required to appear either personally or through authorised representative in relation to the proceedings rela...