CA Harish Negi, Author at

Basic PF Deduction Rules and EPF, EPS, EDLIS Rates

PF Deduction Rules are governed by the employees’ Provident Funds and Miscellaneous Provision Act, 1952. This is a central act applies to whole of India except the state of Jammu & Kashmir. In this article I have given all important provisions … [Read more...]

Payment of Bonus Act: Applicability, Calculation & Amendments

In India, payment of bonus is governed by payment of bonus Act, 1965. In this article I have explained all the important issues related to bonus act. The payment of bonus act applies to the person employed in every factory and establishment … [Read more...]

Budget 2017-18 Highlights of Changes in Direct Taxes

Two major economic decisions, one is GST and other is demonetization was expected to have major impact in the budget 2017-18 and the Government was expected to soothe the 50 days pain of the people of India caused through demonetization. The … [Read more...]

Pradhan Mantri Garib Kalyan Yojana: How Black Money will be Taxed

Do you have the Black Money? The government of India has bring changes in present income tax law to tax black money since concerns were raised that existing law has some loopholes. Accordingly, the Taxation Laws (Second Amendment) Bill, 2016 (‘the … [Read more...]

How to calculate Deferred Tax Asset / Liability AS-22

Income tax is paid on the total income a business which is calculated as per the provisions of Income Tax Act, 1961. The liability so calculated is recognized as “non-current tax liability” in books of accounts. But the accounting Standard 22 … [Read more...]

Gratuity Calculation, Applicability & Taxation Rules

Gratuity is the lump sum amount paid to the employee by his employer as mark of recognisition of his service when he retires or leaves service. In this article I have explained all the concepts related to gratuity which will help the readers in … [Read more...]

Patent Registration in India: Process & Cost

Patent is an exclusive right granted by a country to the owner of an invention. Exclusive rights means only the inventor can make, use, manufacture and market the invention, provided the invention satisfies certain conditions stipulated in law. The … [Read more...]

Trademark Registration Process and Concepts

Trademark in India is governed by Trademarks Act, 1999. It is a special symbol for distinguishing the goods or services from one another. This helps the consumers to identify a particular product or service indicated by the unique trade mark. A Trade … [Read more...]

Copyright Registration Online & offline procedure

Copyright is a right given by the law to creators of musical, artistic, literary and dramatic works and producers of cinematographic films and sound recordings. Copyright protects the expressions and not the ideas. So there is no copyright … [Read more...]

What is chart of Accounts ? A Detailed Analysis

Chart of Accounts Chart of accounts is the list of various accounting head in an organization opened for recording accounting transactions. The chart of accounts also shows the ledger balances of various accounting heads on a particular … [Read more...]