Author: Dr. Manoj Fogla
Publisher: Taxmann Publications Private Limited
ISBN: 9364555716
Category : Law
Languages : en
Pages : 24
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Book Description
This book is a comprehensive and practical guide for preparing and filing audit reports using Form Nos. 10B and 10BB, as well as the Income-tax Return (ITR-7). Updated with the latest amendments from the Finance (No. 2) Act, 2024, it addresses compliance requirements and procedural changes with clear, actionable insights, detailed analyses, and step-by-step guidance to ensure accuracy and compliance. The book includes over 100 FAQs to clarify common audit issues, detailed analyses of audit requirements under Sections 12A and 10(23C), and practical guidance with sample observations, qualifications, and e-filing tutorials. It also provides an up-to-date overview of changes in ITR-7 for A.Y. 2024-25, providing practical advice to simplify complex regulatory processes. This book is helpful for trusts, NGOs, auditors, and tax consultants on the audit and tax compliance processes specific to charitable organisations. The Present Publication is the September 2024 Edition, amended by the Finance (No. 2) Act, 2024. This book is authored by Dr Manoj Fogla, CA Suresh Kumar Kejriwal, and CA Tarun Kumar Madaan, with the following noteworthy features: • [Comprehensive FAQs] This edition includes over 100 Frequently Asked Questions (FAQs) that address common and complex issues encountered while auditing trusts and institutions using Form 10B and Form 10BB. These FAQs provide clarity on critical aspects such as eligibility, selection of the appropriate form, format of reports, due dates, and specific disclosure requirements • [In-depth Coverage of Amendments] The book provides exhaustive analyses of the significant changes introduced in the newly notified Form 10B and Form 10BB, highlighting their applicability, reporting requirements, and the impact on audit and filing procedures • [Thorough Analysis of Audit Requirements] It provides an extensive review of the audit requirements under Sections 12A and 10(23C) of the Income-tax Act, focusing on the prerequisites for obtaining an audit report, maintenance of books of account, and the consequences of non-compliance. The analysis extends to the applicability of tax audit requirements under Section 44AB • [Practical Reporting Guidance] The book includes practical guidance for auditors, featuring sample draft observations, qualifications, and illustrative examples of how to report specific circumstances in audit reports. This section is designed to enhance the quality and relevance of audit disclosures, ensuring that auditors can effectively communicate findings and comply with statutory reporting obligations • [Step-by-step e-filing Tutorials] Recognising the growing importance of digital compliance, the book provides user-friendly, detailed tutorials for e-filing audit reports in Form Nos. 10B and 10BB. These step-by-step guides cover the entire process, from adding the Chartered Accountant (CA) to the e-filing portal, assigning forms, accepting assignments, to the final submission and verification of reports • [Up-to-date Analysis of ITR-7 Changes] This edition thoroughly examines the latest changes in the ITR-7 form, applicable from A.Y. 2024-25, providing insights into procedural updates, new schedules, and specific filing instructions. The detailed explanations help preparers understand the nuances of the updated form, ensuring accurate and compliant submissions. • [Incorporation of Finance (No. 2) Act, 2024 Amendments] The book incorporates all relevant changes introduced by the Finance (No. 2) Act, 2024, along with key circulars and notifications, making it a reliable and current reference point for legal compliance The detailed contents of the book are as follows: • FAQs on Audit of Trusts & Institutions in Form 10B/10BB o Introduction & applicability of audit under various sections o Selecting the appropriate form (Form 10B or Form 10BB) based on income thresholds o Eligibility criteria for auditors and specifics on the format of audit reports o Step-by-step process for filing audit reports, including due dates and procedural tips o Detailed guidance on disclosure and reporting requirements in the annexures to Form 10B/10BB • Law and Practice Relating to Audit of Trusts and Institutions and ITR-7 o Comprehensive overview of audit requirements under Section 12A and Section 10(23C), including who must file and when o Detailed guidance on maintaining books of account, covering the types of records required, their retention period, and where they should be kept o In-depth discussion on the ramifications of not obtaining an audit report and the consequences of not maintaining proper books of account o A clear breakdown of the specific requirements for filing Form 10B and Form 10BB, including an overview of the forms, the structure of the reports, and the annexures that need to be attached o Analysis of the applicability of tax audit under Section 44AB, including the criteria for applicability and the relationship between tax audits and audits under Sections 12A and 10(23C) • Concept of Income, Total Income, and Other Receipts o Definitions and practical implications of "total income" under Sections 11 and 12, including how income is calculated for audits o Detailed examination of the various types of income that affect the audit requirements, including income from business held as property of the trust and income from incidental business o Guidelines for computing income to select the appropriate audit form (Form 10B or 10BB), primarily focusing on the criteria for receipts below or above five crores • Implications of TDS Against Grant Receipt o Overview of the legal background regarding Tax Deducted at Source (TDS) on grant receipts and its implications for trusts and NGOs o The reporting mechanisms applicable from AY 2023-24, including the procedural changes and how they affect the reporting of grant receipts in the audit report • Sample Observations and Qualifications for Audit Reports o Comprehensive list of sample observations and qualifications that can be included in audit reports, tailored to address common issues faced by auditors o Specific reporting requirements for transactions involving specified persons under Section 13(3) and violations of the relevant laws o Practical examples of how to report the maintenance of books of account, the non-filing of income tax returns, and other common issues • Instructions for Filling Form 10B and Form 10BB o Step-by-step instructions for completing and submitting Form 10B and Form 10BB, including a detailed breakdown of each field and annexure o Common errors to avoid, field-specific guidance, and tips for ensuring accurate and compliant submissions o Instructions on how to download and use the offline utility for filing these forms, along with practical advice for navigating the e-filing system • Tutorials on E-filing Forms 10B and 10BB o Detailed tutorials covering every step of the e-filing process, from adding the CA to the e-filing portal and assigning forms to the CA to accepting assignments and verifying submissions o Separate tutorials for the submission of Forms 10B and 10BB, including specific instructions for both the CA and the assessee o Tips and best practices for ensuring a smooth and error-free e-filing tailored to the needs of trusts and NGOs • Requirement to Submit ITR under Sections 12A and 10(23C) o A clear explanation of the requirement to submit income tax returns as a condition for claiming exemptions under Sections 12A and 10(23C) o Detailed guidance on the filing deadlines, the selection of the correct ITR form, and the e-filing procedures for ITR-7 o Discussion of the consequences of delayed or incorrect submissions, including the penalties and legal implications of non-compliance o Guidance on submitting revised returns, updated returns, and the conditions under which exemptions can be claimed through these processes • Practical Guide to File Form ITR-7 o Overview of the key changes introduced in Form ITR-7 for AY 2024-25, including updates to relevant schedules and filing procedures § Step-by-step instructions for filing ITR-7, including verification processes, handling defective returns, and addressing common mistakes o Practical tips for ensuring that the ITR-7 form is completed accurately and submitted in compliance with current legal requirements • Appendices o A collection of relevant circulars and notifications that impact the audit and filing processes, providing a quick reference to the most critical updates o Extracts from the Income-tax Rules, 1962, focusing on the rules that govern the audit and filing requirements for trusts and NGOs o Relevant forms and practical examples that illustrate compliance with the statutory requirements, offering readers practical tools for navigating their obligations
Author: Dr. Manoj Fogla
Publisher: Taxmann Publications Private Limited
ISBN: 9357784594
Category : Law
Languages : en
Pages : 33
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Book Description
This book is a comprehensive and up-to-date guide for understanding the intricate process of furnishing an audit report in Form 10B & Form 10BB and Income-tax Return Filing in ITR 7. This book will be helpful for trusts, NGOs, audit professionals and consultants. The Present Publication is the Latest 2023 Edition, amended by the Finance Act 2023 and updated till 10th October 2023. This book is authored by Dr Manoj Fogla, CA Suresh Kumar Kejriwal, and CA Tarun Kumar Madaan, with the following noteworthy features: • [Compendium of 100+ FAQs] pertaining to the audit of trusts and institutions in Form 10B & Form 10BB for AY 2023-24 • [Coverage of Changes Introduced in Form 10B & Form 10BB] providing in-depth insights into the applicability and reporting requirements • [Thorough Analysis] of the following: o Requirement of Audit o Maintenance of Books of Accounts o Filing of ITR 7 o Changes in ITR-7 applicable for AY 2023-24 • [Practical Guidance] o Sample draft observations & qualifications for auditors to report in specific circumstances o Guide & tutorials for e-filing of audit report in Form 10B & Form 10BB The detailed contents of the book are as follows: • FAQs on Audit of Trusts & Institutions in Form 10B/10BB for AY 2023-24 • Requirement of Audit under Section 12A and Section 10(23C) • Maintenance of Books of Accounts • Ramifications of Not Obtaining Audit Report and Non-maintenance of Books of Account • Overview of Form 10BB & Form 10B • Analysis of the Applicability of Tax Audit under Section 44AB • Sample Observations and Qualifications for Inclusion in the Main Audit Report • Instructions for Filling Form 10BB issued by the Income Tax Department • Instructions for Filling Form 10B issued by the Income Tax Department • Tutorial on E-filing of Form 10B/10BB • The Requirement to Submit ITR under Sections 12A and 10(23C) • Practical Guide to File Form ITR-7
Author: Dr. Aseem Chauhan, Prof. (Dr.) Manoj Joshi, Prof. (Dr.) Ashok Kumar & Suhayl Abidi
Publisher: Jaico Publishing House
ISBN: 9391019315
Category : Business & Economics
Languages : en
Pages : 177
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Book Description
How to Thrive as a Start-Up in an Uncertain World What motivates a start-up in its journey? Wealth and fame? Or is it hunger for innovation? VUCA in Start-Ups attempts to capture a start-up’s entrepreneurial journey and find out why some do well when others don’t. It’s a highly volatile environment out there for entrepreneurs and start-ups, thanks to the unprecedented Covid-19 crisis filled with volatility, uncertainty, complexity and ambiguity (VUCA). Many businesses that did well in the past had to shut shop as a result. So what went wrong? To find the answer, it’s important to understand what worked in the past and why a new venture must discover fresh and innovative opportunities to survive. Learn from those who chose the road less travelled, including Zomato, Paytm, Flipkart, Ola Cabs and Quikr, and discover the underlying causes for start-up successes and failures. These well-researched case studies aim to inspire those who wish to embark on an entrepreneurial journey.
Author: Suresh Kumar Mukhiya
Publisher: Packt Publishing Ltd
ISBN: 178953562X
Category : Computers
Languages : en
Pages : 342
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Book Description
Discover techniques to summarize the characteristics of your data using PyPlot, NumPy, SciPy, and pandas Key FeaturesUnderstand the fundamental concepts of exploratory data analysis using PythonFind missing values in your data and identify the correlation between different variablesPractice graphical exploratory analysis techniques using Matplotlib and the Seaborn Python packageBook Description Exploratory Data Analysis (EDA) is an approach to data analysis that involves the application of diverse techniques to gain insights into a dataset. This book will help you gain practical knowledge of the main pillars of EDA - data cleaning, data preparation, data exploration, and data visualization. You’ll start by performing EDA using open source datasets and perform simple to advanced analyses to turn data into meaningful insights. You’ll then learn various descriptive statistical techniques to describe the basic characteristics of data and progress to performing EDA on time-series data. As you advance, you’ll learn how to implement EDA techniques for model development and evaluation and build predictive models to visualize results. Using Python for data analysis, you’ll work with real-world datasets, understand data, summarize its characteristics, and visualize it for business intelligence. By the end of this EDA book, you’ll have developed the skills required to carry out a preliminary investigation on any dataset, yield insights into data, present your results with visual aids, and build a model that correctly predicts future outcomes. What you will learnImport, clean, and explore data to perform preliminary analysis using powerful Python packagesIdentify and transform erroneous data using different data wrangling techniquesExplore the use of multiple regression to describe non-linear relationshipsDiscover hypothesis testing and explore techniques of time-series analysisUnderstand and interpret results obtained from graphical analysisBuild, train, and optimize predictive models to estimate resultsPerform complex EDA techniques on open source datasetsWho this book is for This EDA book is for anyone interested in data analysis, especially students, statisticians, data analysts, and data scientists. The practical concepts presented in this book can be applied in various disciplines to enhance decision-making processes with data analysis and synthesis. Fundamental knowledge of Python programming and statistical concepts is all you need to get started with this book.
Author: Sanjay Kumar
Publisher: Ramesh Publishing House
ISBN: 9789386845849
Category :
Languages : en
Pages : 426
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Book Description
The present book is specially published for the aspirants of 'Sainik School Entrance Exam for admission to Class VI'. Based on the Latest Pattern of Exam, the book also comprises Previous Year Solved Papers for aspirants to be familiar with the current exam pattern and the type of questions asked with their answers. Detailed Explanatory Answers have also been provided for Selected Questions for Better Understanding of readers. The book contains adequate Study and Practice Material with numerous Multiple Choice Question-Answers on all the relevant subjects, important from the point of view of the exam. All the practice questions in the book have been modelled on previous exam-questions and solved by respective subject-experts with due diligence. The book is highly recommended for the aspirants to Sharpen their Problem Solving Skills with thorough practice of actual exam-style questions among numerous practice questions provided in the book, and prepare themselves to face the exam with Confidence, Successfully. While the specialised study and practice material of this book Paves the Way for your Success, your own diligent study and practice with it will ensure you a seat in the Sainik School.
Author: Dr. Sundaravadivelu S, Mr. Suresh R. Norman, Dr. Johnsi Stella I, Dr. Suresh Kumar A
Publisher: Notion Press
ISBN: 1948230577
Category : Science
Languages : en
Pages : 137
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Book Description
This book is a solar energy technical manual - a road-map for solar energy professionals and amateurs. It is also written for the use of engineers & consultants , polytechnic , graduate & post-graduate engineering students, and industry technicians. The reader is introduced to the theoretical concepts of solar cells and also the practical working of solar cells, solar modules, solar panels and solar arrays. Also discussed are the components of a photo-voltaic power system such as MPPT charge controllers , storage battery systems and solar converter circuits. For the benefit of the reader, solar Photovoltaic systems are discussed , along with examples of existing systems . Numerical examples and exercises are not included since it is not designed based on any University curriculum nor meant to be an academic text. If a few solar energy systems professionals and amateurs are benefited by this book , the Authors would be thankful that the purpose of this book has been served ! Salient Features • This book introduces the reader to the theoretical concepts and practical aspects of solar cells • Imparts a working knowledge of solar cells, solar modules, arrays and panels to engineers and technical students • The principles of MPPT charge controllers , storage battery systems , solar converter circuits and solar Photovoltaic systems are discussed , along with examples of existing systems • This book is easy to read and clear to understand • Many drawings and photographs have been used to make it interesting to read and easier to grasp and apply
Author: Dr. Ravindra Kumar, Ph.D.
Publisher:
ISBN: 9788120784727
Category :
Languages : en
Pages : 267
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Book Description
Numerology -- the science of numbers -- delves into the world where numbers take a profound meaning. It is one of the easiest branches of occult sciences that one can learn and follow. Each number corresponds with special characteristics that can influence the personality and destiny of an individual. You can interpret your numerological patter, select your key numbers and chalk out a roadmap that leads to happiness and prosperity. In this book two famous numerologists team up to reveal the meaning of numbers in people's lives. Among the book's features are real-life examples; information on major and minor numbers; working numerical charts and help on personal and professional fronts. So take this journey of self-discovery of numbers and add it all up to live a better life.
Author:
Publisher:
ISBN: 9789390588879
Category : Electronic waste
Languages : en
Pages : 191
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Book Description
Author: Suresh Kumar Soni
Publisher: OrangeBooks Publication
ISBN:
Category : Body, Mind & Spirit
Languages : en
Pages : 312
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Book Description
The author experienced a freak encounter with the soul of his dead father. This soul stripping incident seemed so real that he could not dismiss it as false. However, he tried to erase the episode from his memory and failed so the impact of the unusual happening kept simmering at the back of his mind. He wanted to get rid from this suppressed mental condition but did not know, how mystical matters, which defy rational explanation are handled, consequently he posted a blog to invite readers to give their opinion on this extrasensory experience. Mario Beauregard, commented on this unexplainable explanation saying that … “Nobody but you can respond to your questions” … Likewise, Dr. Raymond Moody opined that… “These kinds of spiritual experiences are common and do seem to have very long lasting, even life changing effects, on those who experience them, so that would infer that they are real” … Mystery is a big puzzle, the more we try to uncover it, the more elusive it becomes, making the whole exercise complex. Due to lack of clarity, it is difficult, indeed, to sort out facts from fiction, to arrive at a reasonable explanation. After all, death and afterlife are not an intellectual process and mystery has little to do with intelligence. Intellect can ignite curiosity and create various disciplines of logic, philosophy, religion and science, as the search engines, to explore, the vast sea of information. But can it really reveal, wholly or partially, the reality, it seeks to know? Can our three-dimensional view, penetrate the realities of a multi-dimensional world? The Indian sages called it “Turiya”, which literally means the fourth dimension, a state, we know ‘Nothing’ of ‘Something’ that exists, beyond human understanding.
Author: Pradeep Kumar Choudhury
Publisher: Taylor & Francis
ISBN: 1000388646
Category : Education
Languages : en
Pages : 245
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Book Description
This volume presents an interdisciplinary framework to map out contemporary educational studies in India. Based on conceptual tools, quantitative methods and ethnographic accounts drawn from extensive fieldwork, it addresses emerging discourses on educational policies, their operation in the everyday functioning of institutions and actual practices in teaching and learning. Individual chapters discuss the intersectionality in the current educational system of region, gender, class, caste and minorities. With comparative perspectives and case studies from across states, including under-studied rural and urban regions of India, the book explores a wide range of issues affecting the educational system, including socioeconomic and gender inequalities; the educational status of tribal settlements in the hinterlands and their respective urban areas; the marginalisation of minorities; challenges in accessing educational avenues and choices; and the model for imparting vocational education and training. It navigates complex sites of discrimination and exclusion in the institutional spaces of the educational system and assesses the consequences of market dynamics and ideological undercurrents. Presenting first-hand information from the field, it evaluates educational policies, practices and research; investigates challenges and failures; provides suggestions and fosters critical thinking for a knowledge society. The findings in this book will be of interest to researchers, scholars and teachers of education, economics, sociology, urban education and the politics of education, as well as of public policy, governance and development studies. It will also be useful to research institutions, policymakers, educationists, social scientists, education professionals, and governmental and non-governmental bodies working on education.
