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Concept of Tax Information Exchange Agreement in India with Tax Havens and Secrecy Jurisdictions.  There is a great and importance of Tax Information Exchange Agreement in India because as per section 90(1) of Income Tax Act, 1961, Government of India i.e. Central Government can enter into Double Taxation Avoidance Agreement with other countries so as to avoid double taxation of income in both the countries. The basic concept behind DTAA is to ensure that there should not be undue hardship in the hands of tax payers i.e. income earned in one country should not be taxed twice because of source and residence criteria in both countries and most importantly DTAA contains article usually article no. 26 which deals with Exchange of Tax Information which provides for various tax and financial information about the resident persons who have invested or have any significance financial presence in that territory to the other territory. But what about other countries where there is no provisio

Is new Tax regime is essential There is great need and necessity of introducing new tax law in India i.e. there is need to replace income tax act, 1961 with new tax law ( Direct tax code ) As the present law i.e. income tax act, 1961 is very much vague, moreover it is one of the world's most complex law which has undergone many changes i.e. amendments since it's commencement. Moreover, due to it' s vagueness and complexity it is difficult to interpretate properly. Many of the provisions have a overriding effect and contradiction on each other , due to which there are chances of tax avoidance and evasion. Many of the situations are there where tax avoidance and evasion can occur like there is no provision in entire income tax act to tackle CFC's but there is a provision in direct tax code which is a proposed tax bill in near future in India. To combat such avoidance of tax there is a need to amend existing tax law or to introduce new law containing such stringent provi

CHAPTER 1 INTRODUCTION AND BASIC CONCEPTSOF TAX Q1: Income-tax Act, 1961 applies to: (a) Whole of India (b) Whole of India excluding Sikkim (c) Whole of India excluding Jammu & Kashmir (d) All of the above Q2: Finance Bill becomes the Finance Act when it is passed by: (a) The Lok Sabha (b) Both Lok Sabha and Rajya Sabha (c) Both House of Parliament and signed by the President of India (d) Both House of Parliament and signed by Prime Minister of India. Q3: The term assessee has been defined under section: (a) Section 2(34) (b) Section 2(9) (c) Section 2(7) (d) None of the above Q4: Assesse is always a person but a person may or may not be an assessee. (a) True (b) False Q5: A person may not have assessable income but may still be assessee. (a) True (b) False Q6: Previous Year is defined (a) under section 3 (b) under section 4 (c) under section 5 (d) None of the above Q7: Assessment Year is the period of 12 month commencing on 1st day of: (a) April every yea

CS EXECUTIVE STUDENTS OF JUNE 2021  GROUP 1 Time Table  11PM-5AM = A SOUND SLEEP. 5AM-6AM = FRESH N UP AND DO A BIT EXERCISE. 6AM-8AM = ALWAYS STUDY COMPANY LAW IN MORNING. 8AM-9AM = BREAK FOR BREAK FAST AND A MOBILE BREAK. 9AM-11AM = JURISPRUDENCE, INTERPRETATION AND GENERAL LAWS. 11AM-11:30AM = WATER BREAK 11:30AM-2:00PM = SETTING UP OF BUSINESS 2:00PM-4:00PM = LUNCH BREAK 4:00PM-5:00PM = GST 5:00PM-7:00PM = BREAK{GO PARK OR USE MOBILE OR ANYTHING YOU WANT} 7:00PM-8:30PM = INCOME TAX 8:30PM-9:30PM = DINNER BREAK 9:30PM-10:50PM = REVISION OF WHOLE DAY YOU STUDIED [MOST IMPORTANT] 10:50PM-11:00PM = 10 MINUTES MEDITATE OR MAKE SCHEDULE FOR NEXT DAY WHAT TOPIC YOU WILL STUDY NEXT DAY. [MOST IMPORTANT] FOR GROUP 2 11PM-5AM = A SOUND SLEEP. 5AM-6AM = FRESH N UP AND DO A BIT EXERCISE. 6AM-8AM = ALWAYS STUDY SECURITY LAWs AND CAPITAL MARKET IN MORNING. 8AM-9AM = BREAK FOR BREAK FAST AND A MOBILE BREAK. 9AM-11AM = Corporate and Management Accounting

CSEET RESULTS  JANUARY 2021 Click Here    https://admitcardbuilder2.azurewebsites.net/scorecard/E2225K3B634/ Monday, the 18th January, 2021 at 2:00 P.M.  www.icsi.edu (Formal e-Result-cum-Marks Statement of CS Executive Entrance Test will be uploaded on the website of Institute: www.icsi.edu immediately after declaration of result for downloading by candidates for their reference, use and records. No physical copy of Result-cum-Marks Statement shall be issued to the candidates.) CS FOUNDATION RESULTS DECEMBER 2020  Click Here   Monday, the 18th January, 2021 at 11:00 A.M. www.icsi.edu  (Formal e-Result-cum-Marks Statement of Foundation Programme Examination will be uploaded on the website of Institute: www.icsi.edu immediately after declaration of result for downloading by candidates for their reference, use and records. No physical copy of Result-cum-Marks Statement shall be issued to the candidates.)

CSEET MOCK TEST SERIES 5.0 NOVEMBER 2021 REGISTRATION LINK  Answer Writing Booster 2.0 (August 21) CS Executive Module 1  (New)  ENDED CSEET MOCK TEST SERIES 4.0 Broucher (July 21) ENDED CS Executive Profomance Evolution Test Series (June 21)    Expired BROUCHER  CSEET MOCK TEST SERIES 3.0 Broucher (May 21)  BROUCHER    Expired CSEET MOCK TEST SERIES 2.0  Broucher (Jan 21) CSEET MOCK TEST Series 1.0 Broucher Old (Nov 20) Expired   CS Foundation Mock Test Series 1.0 (Dec 20) Expired Free Mock Test PDF  Links  Download Now

GENERAL CLAUSE ACT Additions Dec 2020  Sec 6A :- Repeal of Act Making Textual Amendment in Act or Regulation 1. When any Central Act or Regulation made after commencement of this Act repeals any enactment. 2. By which the text of Central Act or Regulation was amended by express omission, insertion, Substitution of any matter. 3. Then unless different intention appears repeal shall not affect 4. The continuance of such amendment enactment to repealed and in operation at the time of such repeal.  Sec 9 :- Commencement & Termination of Time → In any Central Act or Regulation made after the commencement of this Act, it shall be sufficient, for excluding first in series of days or any other period of time to use the word ‘from’ and including the last in the series of days or any other period of time to use word ‘To’.  Sec 11 :- Measurement of Distance →For any Central Act or Regulation made after commencement of this act, unless different intention appears dist

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Section 1 - Business Communication   No. of Questions: 35 Duration in Minutes: 120   1) Choose the correct option for the underlined part of sentence to make the sentence grammatically correct. You should avoid to make such stupid mistakes. A) avoid making B) avoid make C) avoid to have D) avoid to made 2) The Listener forming a biased opinion by looking at the speaker’s look, dress and mannerism is a sign of: A) Pre-judging the speaking B) Diffidence C) Over enthusiasm D) Disinterestedness 3) Fill up the blanks by choosing the most appropriate option: I can’t bear _____ late. A) on B) Be C) Being D) To 4) In 1965, __________ was the first to demonstrate the use of the first email system known as mailbox. A) Caltech B) MIT C) Stanford University D) Cambridge University 5) The activities in an organization are of the following three types: A) Confidential, Operational and Ancillary B) Strategic, Confi

1. Article _______of Indian Constitution discusses the concept of Right to equality. a) Article 5 b) Article 11 c) Article 12 d) Article 14 2. Which Article is related with “Abolition of Untouchability”? a) Article 20 b) Article 19 c) Article 18 d) Article 17 3. Which of the following is called ‘Mini Constitution’? a) Government of India Act, 1935 b) 42nd Constitutional Amendment c) 44th constitutional amendment d) Government of India Act, 1919 4. Which of the following statements is false? a) Most of the structure of the Indian Constitution has been taken from the Government of India Act, 1935. b) The original constitution had 10 schedules c) The part related to Polity of the Indian Constitution is taken from the British Constitution d) Article 368 is related to the constitutional amendment 5. What is known as a charter of a Company? a) Memorandum of Association b) Bye Laws c) Article of Association d) Prospectus 6. Which of the following feature is not essential for a contract? a) It