Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: TDS :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: VAT Audit :: form 3cd :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: due date for vat payment :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD
 
 
« News Headlines »
 Know how you can claim return of income in Form 26 AS case
 What you must know for tax filing this year
 How to file tax return if you have two Form 16s
 10 things you should know about Form 26 AS
 How to file income tax return without Form 16
 How to rectify income tax returns
 Income-tax (21st Amendment) Rules, 2017
 Deadline for filing income tax return nears; here are 10 common mistakes that you must avoid
 All you need to know about form 26AS
 How to file income tax return?
 7 changes that affect income tax return filing this year

I-T returns to help you work from home
October, 27th 2006
Here is one more reason to file your income tax returns with care. If you’re working from home this could be your chance to keep your establishment going. Centre and Delhi Development Authority (DDA) are working out parameters for professionals working from residential areas on criteria like I-T returns, trade defined under service tax rules and educational qualifications. DDA will consider 1. Trades under service tax rules: IT pros, HR and finance consultants Grey area: Asessing staff strength 2. I-T returns as individual professionals: Filmmakers, graphic designers Grey area: Distinguishing individuals 3. Education: MBAs, engineers Grey area: Self-taught professionals Affidavits will have to state Job details, staff strength, use of municipal services, parking requirements Also under consideration : Use of basement as office space. Here the Supreme Court has allowed government to set norms for services This means professionals like artists, documentary filmmakers, content developers, fashion designers and teachers could be brought within the ambit of professional activity. Also under consideration is the use of basements by such service providers. Following a clarification in Supreme Court’s October 18 directive, the urban development ministry is likely to increase the existing ‘‘professional activities’’ permissible in residential areas. Under the UD ministry’s September 7 notification, only doctors, lawyers, chartered accountants and architects are allowed to ply their trade from residential areas. As reported by TOI, there are several other professionals like HR and finance consultants, real estate agents and designers who follow the small office home office (SOHO) principle. So far the justification for restricting ‘‘professional activity’’ to doctors, lawyers, architects and chartered accountants was that these professionals are governed by statutory regulatory bodies. But, in light of SC relenting on professionals — and in absence of regulatory bodies for a host of professions — DDA, in consultation with UD ministry, has settled on judging professionals under three parameters. Trades that have been defined under service tax rules will be permitted with a professional’s I-T returns and educational qualifications. ‘‘We would like to include as many people as possible but clear cases of commercial use like cyber cafes or boutiques are unlikely to make the cut,’’ a source said. Guidelines are likely to be finalised in a fortnight. These criteria will be supplemented by an undertaking or affidavit submitted by professionals.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions