Thakur Bhuwanesh & Associates

17/02/2022

Openings in CA firm For Qualified CA, Semi Qualified CA, Article Assistants and Graduates (B. Com).

If anyone is interested .......

Plz. Contact:-

M/s. THAKUR BHUWANESH & ASSOCIATES
CHARTERED ACCOUNTANTS
Ca. Pawan Kumar Rawat
Partner
Mob :- 9835385500, 8235221681
Mail ur CV - [email protected]

03/07/2021

Openings in CA firm For Qualified CA/CMA, Semi Qualified CA/CMA, Article Assistants and Graduates (B. Com) .

If any one interested .......
Plz. Contact :-
M/s. THAKUR BHUWANESH & ASSOCIATES
CHARTERED ACCOUTANTS
Ca. Pawan Kumar Rawat
Partner

Mail ur CV - [email protected]

21/09/2020

TAX UPDATES:

As per the new provision if any seller of any goods whose turnover in the preceding FY exceeds Rs. 10 Crore then, from 1st of October 2020, he shall be liable to collect TCS @ 0.1% of the sale value from the buyer if the buyer purchase goods for the value exceeding Rs. 50 Lacs (Limit of Rs. 50 Lac shall be seen for each buyer separately). However, in the First year of implementation of this new provision Sale made to buyers up to 30th September 2020 shall not be liable to collect the TCS.
Exceptions:
– If the Goods are Exported out of India
– If the goods are of such type on which TDS is liable to be deducted by the buyer (Like in case of Job Work, Composite Supply).
– If the Seller is liable to collect the TCS under any other clause of Section 206C. (Like in case of Motor Vehicle dealer he shall collect the TCS on the motor vehicles if the value of the vehicle exceeds Rs. 10 Lac)
It must be note that if the Buyer did not provide his PAN or Aadhar Number then the rate of TCS shall be 1% instead of 0.1%.

With Best Regards
CA B. K. Thakur
E-mail:[email protected]

21/09/2020

Tax Updates:

High Value transactions are transactions which are incurred in high denominations. There are some transactions which are closely monitored by income tax department-
-If anyone deposits cash aggregating to Rs 10 Lakhs rupees or more in a year in any savings account
-Payment in cash aggregating to Rs 10 Lakhs or more in a year for purchase of DD, Pay Orders or Bankers Cheque
-Payment made in cash aggregating Rs 10 Lakhs or more in a year for purchase of pre-paid instruments issued by RBI
-A Cash deposit aggregating to Rs. 50 Lakhs or more in a year in one or more current account of a person.
-A Cash withdrawal aggregating to Rs. 50 Lakhs or more in a year in one or more current account of a person.
-One or more term deposit (other than renewal) aggregating to Rs. 10 Lakhs or above.
-Sale or purchase of immovable property for an amount exceeding Rs. 30 Lakhs or above
-Credit card payment aggregating Rs.2 Lakhs or above in a year is also considered as high value transaction.
-An expense in foreign currency via debit card, credit card or traveler’s cheque for the amount exceeding Rs.10 Lakhs or above in a year.
-A receipt of amount Rs.1 Lakhs or above in a year for the purchase of shares issued by the company.
-A receipt of amount aggregating to Rs.5 Lakhs or above in a year for the purchase of bonds, debentures.
-Receipt from any person of an amount of Rs. 2 Lakhs or above for purchase of units of a Mutual Fund
-Cash payment received for the amount exceeding Rs. 2 Lakhs for the sale of goods or services by professional.

With Best Regards
CA. B. K. Thakur
E-mail: [email protected]

18/09/2020

Openings in CA firm For

Qualified CA
Qualified CMA
Semi Qualified CA / CMA,
Article Assistants and Graduates (B.Com).

If anyone interested . Mail ur CV - [email protected]

03/07/2020

Profession FIRST Update:

ICAI Cancels May'20 Exams:

The Institute has decided to cancel May'2020 Examinations and merge May'2020 attempt with Nov'2020 Examinations, with due carryover of all benefits already available to students including fee paid and exemptions.

Accountants of India | http://icai.org/post/important-announcement-for-may-2020-examinations.

Best Regards..

ICAI - The Institute of Chartered Accountants of India set up by an act of parliament. ICAI is established under the Chartered Accountants Act, 1949 (Act No. ###VIII of 1949)

10/06/2020

We are Hiring ....

Vacancy for Semi Qualified CA / CMA, Article Assistants and Graduates (B.Com) for the following location:-

a. Palamu (Jharkhand)
b. Chatra (Jharkhand)
c. Koderma (Jharkhand)
d. Lohardaga (Jharkhand)
e. Assam (Guwahati)
f. Raipur (Chhatisgarh)

If anyone interested .......
Drop ur CV - [email protected]

06/07/2019

Opening for CA Semi-Qualified Candidates for Bhubaneswar and Sambhalpur District in Odisha.