Under Section 80D of the Income Tax Act, deduction in respect payment made towards Health Insurance Premium and Preventive health check-up is allowable as deduction from total income. Who can claim the deduction & for what? – Individual or HUF can claim deduction under this section in respect of payment made by them towards:- 1. … Read more
I am quite sure that most of you might have started preparation for May 2014 attempt. While preparing study plans / time tables, you should keep one thing in mind that “IPCC is not passed by only hard study; the way (and perhaps an easier way too) to pass the IPCC is SMART STUDY”. Today … Read more
One of my student, we lovingly calls him Mr. Doubtful, has always doubts even in simple provisions. The main reason was that he was in too hurry to read and understand the whole provision. While learning the Taxability of Leave Travel Assistance in the Income from Salary chapter he asked very wonderful questions!!! 1) Sir, … Read more
I found a marked difference in CVs of CAs and B-School MBAs. After some 10000 +interviews taken in career and certainly 3000 plus people selected and 300 plus lectures delivered on this subject, mainly in GMCS batches of ICAI and also SMTP batches of ICSI and numerous management institutes and many chapters of ICWAI in … Read more
The ICAI has notified the time table of the exam to be held in May 2014. IPC exam will held form 27th May 2014 to 8th June 2014. Final Exam will held from 26th May 2014 to 9th June 2014. Insurance and Risk Management (IRM) exam will held from 3rd June 2014 to 9th June … Read more