As a man was passing the elephants, he suddenly stopped, confused by the fact that these huge creatures were being held by only a small rope tied to their front leg. No chains, no cages. It was obvious that the elephants could, at anytime, break away from their bonds but for some reason, they did not.He saw a trainer nearby and asked why these animals just stood there and made no attempt to get away. “Well,” trainer said, “when they are very young and much smaller we use the same size rope to tie them and, at that age, it’s enough to hold them. As they grow up, they are conditioned to believe they cannot break away. They believe the rope can still hold them, so they never try to break free.”

The man was amazed. These animals could at any time break free from their bonds but because they believed they couldn’t, they were stuck right where they were.

Like the elephants, how many of us go through life hanging onto a belief that we cannot do something, simply because we failed at it once before?

Failure is part of learning; we should never give up the struggle in life.

Cstestseries.com

One stop solution for CS Students

Schedule https://bit.ly/2KtIV01

For Test Series
https://bit.ly/2yM6Fph

Videos
https://bit.ly/2KzzY5n

Books
https://bit.ly/2MAq7yc

Checked sheets
https://bit.ly/30I1Nhz

Whtsapp group
Executive -
http://a1.to/D3p9K1

Professional -
http://a1.to/zFC2z1

June 19 Result -
Executive - 58.4%
Professional - 50%

7047777111
9179999557

Q291 Correct Answer is (d)

Q284 Correct Answer is (a)

💁‍♂️ Business Mgmt, Ethics notes

◈◉◎┄┅══❂❣️❂══┅┄◎ ◉◈

╭──๏┅═══۞═══┅๏──╮
❂➸ Join https://t.me/joinchat/AAAAAESX2oeNQdiqknBIFg

❂➸ Join https://t.me/joinchat/LE8ZDErQT4B4kCGqkCg8bQ
╰──๏┅═══۞═══┅๏──╯

Humble Request to All Subscribers

🔰 All are Requested to share the link with at least one of their friend having CA Attempt in Nov 19 so that we could reach out to maximum people and help them.

👥 Subscribe https://t.me/CharteredAccountantsUpdates

🔔 Share in all your social handle like in Fb, Instagram, WhatsApp etc.

Q293 Correct Answer is (a)

Q270 Correct Answer is (b)

Where branches of bank were spread over many districts, Assessing Officer (TDS) of district, where in Head Office was situated, had no jurisdiction in respect of branches spread over other districts- Karnataka HC

Provision for diminution in value of investment, having been actually written off, cannot be added to book profit under section 115JB(2)(i)-Gujarat HC

❇️ DT Revision cum Amendment Lectures for Nov 19 :

💁‍♂ By CA Vinod Gupta (VG Sir)

🔰PART- I :
https://youtu.be/WUxsdH8HabY

🔰PART-II :
https://youtu.be/YSz09J-d4BY

🔰PART-III :
https://youtu.be/pQiiQJj5qLU

🔰PART-IV :
https://youtu.be/53dnEcbSd-A

🔰PART-V :
https://youtu.be/4N_rfobDv-8

🔰PART-VI :
https://t.me/cafinal_p7/670

🔰PART-VII :
https://youtu.be/6FTmb0xzohY

🔰PART-VIII :
https://youtu.be/XrZIjvGaaSg

🔰PART-IX :
https://youtu.be/iBh7VVkIMqk

🔰PART-X :
https://youtu.be/gocGrRDgFXM

🔰PART-XI :
https://youtu.be/v__cJkiSeak

CA Final DT Revision By CA Bhanwar Borana sir in Parts
1. Rates of Taxes - https://youtu.be/A3zC_sC_OQM
2. Other Sources - https://youtu.be/X6a7hyABBKs
3. Capital Gains - https://youtu.be/g2WYwUctBc8
4. PGBP - https://youtu.be/biNVtgRDvS8
5. Taxation of partnership firm - https://youtu.be/NSTGw47B7oE
6. Amalgamation, Demerger and Liquidation of Companies- https://youtu.be/jcIDeruJkSg
7. Assessment Procedure ¬- https://youtu.be/74ZEo6FspNY
8. TDS / TCS - https://youtu.be/RwNXj1XYj3w
9. 10AA/SEZ - https://youtu.be/nlcBR-5m4iA
10. Alternate Minimum Tax (AMT) - https://youtu.be/aUxDxMOIJ3E
11. Minimum Alternative Tax (MAT)- https://youtu.be/VwiZIehTk50
12. Trust (Invit/Bst / Securitization) - https://youtu.be/TYe35DfZDpw
13. AOP/BOI - https://youtu.be/CJf-nL5MnKo
14. Charitable Trust- https://youtu.be/wnYkGuw2-hk
15. Transfer Pricing - https://youtu.be/MzY_hpvyn2w
16. DTAA - https://youtu.be/1tuzKKp6Gy0
17. BuyBack of Shares - https://youtu.be/wlvFymyr9lk

⚠ *Attention students*⚠

Today is the last day for Joining our - 20 Sep Schedule

Click to know the process
http://a1.to/uTeV53

🔥 Make sure Dec 19 is you last attempt

For queries like
👉How to study smart
👉How to prepare schedule
👉How to score 60+ marks
👉How to get confidence while writing a exam.

Call Today - 7047777111

Humble Request to All Subscribers

🔰 All are Requested to share the link with at least one of their friend having CS Attempt in Dec 19 so that we could reach out to maximum people and help them.

👥 Subscribe https://t.me/CSUPDATES

🔔 Share in all your social handle like in Fb, Instagram, WhatsApp etc.

💥💥TOP UPDATE

Union Finance Minister Nirmala Sitharaman, MoS Finance Anurag Thakur and Revenue Secretary Ajay Bhushan Pandey addressing a press conference in Panaji

Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies and other fiscal reliefs

To attract investment in manufacturing, local companies incorporated after October 2019 will pay tax at 15 percent

• Effective corporate tax rate after surcharge to be 25.17 percent

• *Corporate tax rate to be 22% without exemptions*, inclusive of surcharge and cess. No Minimum Alternate Tax (MAT) applicable on such companies

• GOI today propose to slash corporate tax rate for domestic companies and new domestic manufacturing companies. Ordinance for cutting tax rate has been passed

💁‍♂️ Company Law Notes CS Executive New Syllabus

◈◉◎┄┅══❂❣️❂══┅┄◎ ◉◈

╭──๏┅═══۞═══┅๏──╮
❂➸ Join https://t.me/joinchat/AAAAAESX2oeNQdiqknBIFg

❂➸ Join https://t.me/joinchat/LE8ZDErQT4B4kCGqkCg8bQ
╰──๏┅═══۞═══┅๏──╯

Key Takeaways from Sitharaman's Announcement :
- Corporate tax rate cut for domestic companies and new domestic manufacturing companies
- The tax rate will be 22 percent without exemptions
- Effective corporate tax rate after surcharge to be 25.17 percent
- To attract investment in manufacturing, local companies incorporated after October will pay tax at the rate of 15 percent
- Effective tax for new companies shall be 17.01 percent, including cess and surcharge

With effect from financial year 2019-20 ... any domestic company has an option to pay income tax at the rate of 22%, subject to condition that they will not avail any exemption," Sitharaman said. The effective tax rate for such companies will be around 25%, inclusive of surcharges, 

another relief, the minister said listed companies which have announced buyback of shares prior to July 5 will not be charged with super rich tax.

The minister also said companies opting for 22 per cent income tax slab would not have to pay minimum alternative tax (MAT).

Sitharaman further said, new domestic manufacturing companies incorporated after October 1, can pay income tax at a rate of 15 per cent without any incentives. Meaning, effective tax rate for new manufacturing companies will be 17.01 per cent inclusive of all surcharge and cess.

The government has also decided to not levy enhanced surcharge introduced in Budget on capital gain arising from sale of equity shares in a company liable for securities transaction tax (STT).

Also, the super-rich tax will not to apply on capital gains arising from sale of any security including derivatives in hands of foreign portfolio investors (FPIs). In another relief, the minister said listed companies which have announced buyback of shares prior to July 5, will not be charged with super rich tax.