NTA-UGC-JRF/NET Commerce

1.31K viewsProf.(Dr).Ashwini Prakash, 03:18

🔖🔖Uttaranchal University
🎓Phd Notification https://uttaranchaluniversity.ac.in/

Join:✨👉🏻 https://t.me/JRF_NETCommerce

1K viewsProf.(Dr).Ashwini Prakash, 05:07

NTA-UGC-JRF/NET Commerce

Budget Highlights (Key Features) 2021.pdf

1.9 MB

1.39K viewsProf.(Dr).Ashwini Prakash, 08:23

NTA-UGC-JRF/NET Commerce

🔖🔖Budget2021 

🔹Time limit for reopening of assessments to 3 years from the present 6 years

🔹FM says on GST that it has been a big success and there has been a record collection in GST
 
🔹Budget2021 extends capital gains exemption for Start-Ups by 1yr

LIC deduction/

To raise Customs Duty on Cotton

🔶NO CHANGES IN INCOME TAX SLAB RATES.

Direct tax proposals highlights*

1.      Relief to senior citizen: for 75 years and above: Having only pension and interest income: exemption from filing ITR: Paying banks will do TDS

2.      Reassessment: from 6 years to 3 years

Serious tax evasion cases: where evasion evidence is Rs.50lac or more then reopening within 10 years-

3.      Dispute resolution committee: it will be faceless:  anyone with total income less than 50 lacs and disputed income less than 10 Lacs can approach this committee

4.      Faceless ITAT: faceless ITAT centre will be set where personal hearings will be conducted through VC

5.      Tax Audits: digital transactions from 5 cr to 10 cr

6.      Advance tax liability on dividend will arise only after declaration of dividend

7.      Affordable housing 1.5 lac deduction will now be even available for loan taken till 31.3.2022

8.      80IBA: extended 31.3.2022

9.      Tax incentive of affordable renting housing project

10.   Pre filled income tax return will have pre filled data regarding Dividend, post office interest income, salary etc.

11.   Trusts: educational and hospitals: limit increased from Rs.1 Cr to Rs. 5 crore (10(23C)

12.   Late deposit of employee contribution of PF will now be not allowed as deduction.

*All above proposals could be properly analysed once budget documents are released.*

🔖Join:✨👉🏻 https://t.me/JRF_NETCommerce

1.13K viewsProf.(Dr).Ashwini Prakash, 10:29

NTA-UGC-JRF/NET Commerce

🔖🔖Please find below Highlights of *Union Budget 2021-22*.

*General*
1. First digital Budget in the history of India
2. Vehicle Scrapping Policy. Vehicle Fitness Test after 20 years in case of Personal vehicle and 15 years in case of commercial vehicles
3. 64,180 crores allocated for New Health Schemes
4. 35,000 crores allocated for Covid Vaccine
5. 7 Mega Textile Investment parks will be launched in 3 years
6. 5.54 lakh crore provided for Capital Expenditure
7. 1.18 lakh crore for Ministry of Roads
8. 1.10 lakh crore allocated to Railways
9. Proposal to amend Insurance Act. Proposal to increase FDI from 49% to 74 %. 
10. Deposit Insurance cover (DICGC Act 1961 to be amended). Easy and time bound access of deposits to help depositors of stress banks.
11. Proposal to revive definition of ‘Small Companies’ under Companies Act 2013. Capital  less than 2 Cr. and Turnover Less than 20 Cr.
12. Disinvestment: IPO of LIC, Announced Disinvestment of Companies will be completed in FY 2021-22

*Direct and Indirect tax*
1. Senior Citizens: Reduced Compliance burden. 75 years and above. Proposal not to file ITR if only pension income and interest income. 
2. Reduction in time for IT Proceedings: Reopening of Assessments period reduced from 6 years to 3 years except in cases of serious tax evasion cases
3. Proposal to constitute ‘Dispute Resolution Committee’. (Taxable income 50 lakhs and disputed income 10 lakh).
4. National Faceless Income Tax Appellate Tribunal Centre
5. Relaxations to NRI: Propose to notify rules for removing hardship for double taxation.
6. Tax Audit Limit: Proposal of tax audit increased from 5 Cr. to 10 cr. (Only for 95%  digitized payments business)
7. Propose to provide relief on advance tax liability on dividend income.
8. Propose to include tax holidays for Aircraft leasing companies
9. Prefiling of returns (Salary, Tax payments, TDS etc.)  Details of Capital gains from listed Securities, dividend income, etc. will be prefilled
10. Small Charitable Trusts. Increased from 1 crore to 5 crores (Compliance limit)
11. Late deposit of employee’s contribution by employer will not be allowed as deduction
12. Incentive to startup: Tax holiday exemption for one more year
13. Duties reduced on various textile, chemicals and other products
14. Gold and Silver (BCD reduced)
15. Agriculture Products: Custom duty increased on cottons, silks, alcohol etc.

Join:✨👉🏻https://t.me/JRF_NETCommerce

1.15K viewsProf.(Dr).Ashwini Prakash, 10:30

NTA-UGC-JRF/NET Commerce

📍#GSTUPDATES📍

No more GST audit. Section 35(5) proposed to be omitted by FA 2021. Self certified return will replace the audit report.

Join:✨👉🏻 https://t.me/JRF_NETCommerce

NTA-UGC-JRF/NET Commerce

🔹Join Here Only If You Are Passionate To Crack JRF/NET/SLET/KSET/TNSET/APSET/TSSET/KPSC/RPSC/KEA
🔹Paper-1(Any Stream)
🔹Paper-2(Commerce/Management)
🔹PHD,Vacancy Of Research Associate/Research Assistant/Assistant Professor
😎Join Me For an Happy Learn

1.11K viewsProf.(Dr).Ashwini Prakash, 10:31

NTA-UGC-JRF/NET Commerce

BPCL, IDBI Bank, Shipping Corp gain on govt's plan to sell assets

https://www.livemint.com/budget/news/bpcl-idbi-bank-shipping-corp-gain-on-govt-s-plan-to-sell-assets/amp-11612163259727.html

Join:✨👉🏻 https://t.me/JRF_NETCommerce

mint

BPCL, IDBI Bank, Shipping Corp gain on govt's plan to sell assets

Centre announces Rs1.75 trillion divest plan in Budget 2021 to boost government spending

1.2K viewsProf.(Dr).Ashwini Prakash, 11:58

NTA-UGC-JRF/NET Commerce

Happy Morning Everyone 🥰

Join:✨Group 👉🏻https://t.me/JRF_NETCommerce

Join:✨Channel 👉🏻https://t.me/JRF_NET_Commerce

1.1K viewsProf.(Dr).Ashwini Prakash, 02:18

NTA-UGC-JRF/NET Commerce

🔖🔖Income Tax Slab Rates For FY & AY For Individuals

Join:✨👉🏻https://t.me/JRF_NETCommerce

1.22K viewsProf.(Dr).Ashwini Prakash, 06:32

NTA-UGC-JRF/NET Commerce

This media is not supported in your browser

VIEW IN TELEGRAM

1.05K viewsProf.(Dr).Ashwini Prakash, 06:36

NTA-UGC-JRF/NET Commerce

Which of the following dams is not on Narmada river?
A.Koyna Power Project
B.Jobat Project C.Maheshwar Hydel Power Project D.Indira-Sagar Project

Anonymous Quiz

342 voters1.27K viewsProf.(Dr).Ashwini Prakash, 06:37

NTA-UGC-JRF/NET Commerce

The difference between the Indian Standard Time and the Greenwich mean Time is?
A. + 2 * 1/2 hours
B. -2 * 1/2 hours C. + 5 * 1/2 hours D. - 5 * 1/2 hours

Anonymous Quiz

327 voters1.24K viewsProf.(Dr).Ashwini Prakash, 06:38

NTA-UGC-JRF/NET Commerce

Both the IAEA and OECD appear to conclude that _________ may possess the largest share of world's thorium deposits?

A.Africa B.India C.Germany D.USA

Anonymous Quiz

311 voters1.24K viewsProf.(Dr).Ashwini Prakash, 06:39

NTA-UGC-JRF/NET Commerce

Which soil is known as Regur?
A. Black Cotton soils
B. Deltaic Alluvial soils C.Red soils D. Black Soil

Anonymous Quiz

342 voters1.29K viewsProf.(Dr).Ashwini Prakash, 06:40

NTA-UGC-JRF/NET Commerce

Summer solstice 2021 in Northern Hemisphere will be at 9:01 am on?
A.January 21
B.December 21 C.June 21 D. April 21

Anonymous Quiz

311 voters1.21K viewsProf.(Dr).Ashwini Prakash, 06:41

NTA-UGC-JRF/NET Commerce

Jawahar Tunnel also called Banihal Tunnel or Banihal Pass is a road tunnel in Indian union territory of?
A.Jammu and Kashmir
B.Daman and Diu C.Puducherry D.Andaman and Nicobar Islands

Anonymous Quiz

315 voters1.19K viewsProf.(Dr).Ashwini Prakash, 06:42

NTA-UGC-JRF/NET Commerce

United Nations Framework Convention on Climate Change was drafted on 9 May____?
A.1990
B.1991 C.1992 D.1993

Anonymous Quiz

18%

29%

40%