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Thursday, October 21, 2021

Expenditure on eligible projects or schemes


35AC. (1) Where an assessee incurs any expenditure by way of payment of any sum to a public sector company or a local authority or to an association or institution approved23 by the National Committee for carrying out any eligible project or scheme, the assessee shall, subject to the provisions of this section, be allowed a deduction of the amount of such expenditure incurred during the previous year :

Expenditure for obtaining licence to operate telecommunication services.


35ABB. (1) In respect of any expenditure, being in the nature of capital expenditure, incurred for acquiring any right to operate telecommunication services either before the commencement of the business to operate telecommunication services or thereafter at any time during any previous year and for which payment has actually been made to obtain a licence, there shall, subject to and in accordance with the provisions of this section, be allowed for each of the relevant previous years, a deduction equal to the appropriate fraction of the amount of such expenditure.

Tuesday, October 12, 2021

Affixing DSC On pdf File

 Using DSC Digital Signature Certificate comes in a USB dongle which is issued to all the DDOs in Haryana State. For online submission of pension revision case, DDOs has to attach his/her digital signature on the Annexure-2 / Annexure-3 (as the case may be) Step-1 Scan the Annexure-2/Annexure-3 of all the cases, you want to submit online to the office of the Principal Accountant General (A&E) Haryana, Chandigarh. Save all the scanned files on your computer. It is advisable that scanned file should be renamed according to the PPO number of the pensioner. A screen by screen user manual is prepared for your reference. In this example we will attach the digital signature on Annexure-2 of Sh. Rajinder Partap Chauhan (holder of PPO No. 133696-S/HR

How to apply din in india

Din Application procedure in India

DIN is a unique Director identification number allotted by the Central Government to any person intending to be a Director or an existing director of a company. In this article, we will discuss the concept of Director Identification Number (DIN) based on the following topics:

Meaning of Director Identification Number (DIN)

It is an 8-digit unique identification number that has lifetime validity. Through DIN, details of the directors are maintained in a database.

Rehabilitation allowance


33B. Where the business of any industrial undertaking carried on in India is discontinued in any previous year by reason of extensive damage to, or destruction of, any building, machinery, plant or furniture owned by the assessee and used for the purposes of such business as a direct result of—

  (i) flood, typhoon, hurricane, cyclone, earthquake or other convulsion of nature ; or

 (ii) riot or civil disturbance ; or

Reserves for shipping business.


33AC. (1) In the case of an assessee, being a Government company or a public company formed and registered in India with the main object of carrying on the business of operation of ships, there shall, in accordance with and subject to the provisions of this section, be allowed a deduction of an amount not exceeding fifty per cent of profits derived from the business of operation of ships (computed under the head "Profits and gains of business or profession" and before making any deduction under this section), as is debited to the profit and loss account of the previous year in respect of which the deduction is to be allowed and credited to a reserve account, to be utilised in the manner laid down in sub-section (2) :

Site Restoration Fund


33ABA. (1) Where an assessee is carrying on business consisting of the prospecting for, or extraction or production of, petroleum or natural gas or both in India and in relation to which the Central Government has entered into an agreement with such assessee for such business, has before the end of the previous year—

Friday, October 8, 2021

ESIC Return monthly filling process and procedures

Registration and Filing of Returns


An employer who is eligible to be registered as per the Employee State Insurance Act 1948 (“Act”) must do so by abiding by the following steps:An employer needs to keep all documents ready for reference.

Next, an employer must file Form 1, which is available in PDF format on the ESIC website. ESIC will verify all the details and issue a 17 digit unique number. This unique number is required for all filings.

User Manual for Filing the Monthly Contribution and Payment of dUES

https://www.esic.in/esicinsurance1/esicinsuranceportal/mc_presentation.pdf

FOR ESIC PAYMENT OF CHALLAN

https://www.esic.in/ESICInsurance1/RevenueOne/Monthly%20Contribution/eChallan.aspx