CHECKLIST FOR DIGITAL SIGNATURE CERTIFICATE

IND AS 19 - ACCOUNTING OF DEFINED BENEFIT PLAN AND ASSET CEILING

First we will see the difference between Defined Contribution Plan and Defined Benefit Plan. I will take directly in simple terms, in Defined benefit plan only employer contributes to the fund until retirement of the employee and after retirement employee is eligible to receive monthly payments or lump sum employment from the employer. A good example of Defined Benefit plan is Pension. In Defined Contribution Plan, both employer and employees make contributions to the fund and this contribution is used to to supplement their future social security benefits, as s ocial security alone is typically not enough to pay for the average retirement. Defined Benefit Plan In Defined Benefit Plan, employer has the obligation to provide agreed benefits to the employee after retirement even if the funds are insufficient. When you assume about Define Benefit Plan, you have to consider both Liability and Asset ...

Additional Income Tax Deductions for Individuals for the FY 2021-2022

As per income tax rates the income above 10 Lacs is subject to 30% tax if you select Old regime. If your income has exceeded more than 10 Lacs you have entered in 30% slab. So I would give you some deductions which you can claim by investing and can save tax upto 30%. 1) Section 80CCD (1b): Contribution to pension schemes as notified by the central government (Self investment in Tier-1 of NPS). This section provides additional deduction of 50000 . This has a fixed lock-in period until the subscriber reaches the age of 60 years. 2) HRA Exemption(Salaried Employees): If you are living in a rented house of Rs.20,000/-p.m and submit hose rent receipts to your company, you can claim HRA exemption upto 100000. 3) Housing Loan Interest: You can claim interest on housing loan upto 200000 . every year. This is the most beneficial deduction for higher tax payer, because by claiming deduction of 2...

CA FINAL LAW(OLD) NOV 2020 SOLVED PAPER

1(a). Section 123(1) + Rule 3 Declaration of dividend out of reserve in case of inadequate or no profits 1(b)(i). Exemption of rule 6. However only for CFS when all its other members have been intimated in writing and for which the proof of delivery of such intimation is available with the company, and do not object to the company not presenting consolidated financial statement, securities are not listed or not in the process of listing on any stock exchange and its ultimate or any intermediate holding company files CFS with the registrar which are following the applicable AS> Opinion CFS is applicable 1(b)(ii). Term of auditor and rotation for auditor seciton 139(2) and rule 5 class of companies Every listed company or unlisted public company having paid up share capital more than or equal to Rs. 10 crores shall not reappoint individual as auditor for more than 1 term of 5 consecutive years and firm as auditor for more than 2 terms of 5 consecutive years. 1(c...

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