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What is Form 15CA and 15CB? Introduction, Importance, and New Rules

Making payments overseas, or outside India, mandates individuals to fulfill certain documentation, legalities, and guidelines. Remittances to Non-Resident Indians staying in UAE are sanctioned by banks only if the person making the remittance provides an undertaking along with certificates, namely Forms 15CA and Forms 15CB. In simple terms, any NRI staying in UAE in need of funds/money transfer, or remitting funds from India to abroad, is mandatorily required to  submit duly filled Form 15 CA and 15CB . The purpose of the two documents is to ensure that taxes have been paid on the funds involved before overseas remittance is carried. In case, the funds are remitted abroad without the due taxes are being paid, Individual will get notice from Income Tax Department. The two legal documents offer similar information, with the major difference that Form 15 CA is a declaration by the NRI wanting to remit funds, while Form 15CB is a Chartered Accountant’s certification of the sa...

How do I register my company for VAT?

The UAE regulations mandate businesses trading goods and providing services to register for taxation.  Value Added Tax (VAT) registration  is simply a tax registration for such businesses in the UAE. However, not all businesses need to register for VAT. Businesses that exceed the annual aggregate turnover threshold, i.e. AED 3,75,000 and businesses that cross the total value of supplies in the next 30 days, must register for VAT. Get in touch with a VAT consultancy in Dubai to know if your company needs VAT registration. The businesses need VAT registration for showcasing themselves as Government-acknowledged entities. This further allows or authorizes them to collect VAT from their customers, which in turn is remitted to the Government. Why register the company for VAT? Apart from the basic functionality of VAT registration authorizing businesses to collect VAT, there are certain other tasks which can be performed by a VAT registered company: 1. Collect VAT for taxa...

Do I need a GST number for my small business?

Under the previous indirect tax regime, multiple registration numbers were required for the different sets of Service Tax, Excise Tax, VAT, etc. However, with the introduction of GST, people or businesses require only a single registration number. Businesses thus need a GSTIN for operations.  GSTIN, or GST identification number is a 15-digit unique alpha-numeric identification number which is allotted to every registered person under GST. However, an individual can have multiple GST numbers if he is an assessee under the Income Tax Act for different states/union territories he operates his business from. Persons or businesses which exceed a certain threshold limit are mandatorily required to register under GST. Precisely, businesses with turnover exceeding Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) are mandated to register as a normal taxable person. The process of such businesses getting registered for taxes is called  GST registration . Tax autho...

Which are the top 5 liberal arts universities in India?

Liberal Arts and Sciences is a contemporary subject discourse gaining immense popularity in top institutions across the globe for its multidisciplinary approach. As opposed to the common myth, liberal arts and sciences is a much broader academic stream going way beyond the convention of fine arts, performing arts and humanities-related subjects.  Offering avenues for wider thought horizons, interdisciplinary academic options and creative ideologies, liberal arts universities serve as the perfect career-led option for curious minds. However, liberal arts and sciences is still considered a relatively new field with only a few leaders across the country.  There are only a few renowned liberal arts colleges in India that offer niche liberal arts and sciences programmes. The ones that are currently offering multiple liberal arts and sciences courses are making a mark globally. Thapar Institute of Engineering and Technology being India’s leading educational institute takes a step...

Kung Fu Action: Fun and entertainment reloaded!

Craving for some shaolin-style action, drama and thrill? Punch the may-bes in the face, coz’ we’re right here with it! Roll up your sleeves and get ready to witness some exhilarating adventures, new challenges and fight fabulous spectacles. With an all new spin-off ‘KungFu Dhamaka’ series featuring ‘Chhota Bheem’ in his 2.0 avatar. Set in a foreign land, amongst unknown characters, the plotline revolves around Chhota Bheem and his gang who travel to China, while an unexpected set of actions are already underway. From clashes with robbers and kungfu battles, there’s so much in motion one can barely keep up with it! Will Chhota Bheem be able to adapt to these alien surroundings? What dangers lurk in the unknown lands? Will the gang stand united or will these tenuous situations split them off? The only relief is in knowing that  Chhota Bheem  is always ready to put his game face on and put up a good fight against all his enemies. And we love it! What’s more ar...

Mashup Mania Masti: Chhota Bheem meets Grizzy and the Lemmings

Loving this time around your home? We bet you kids are gorging on all your favourite treats, binging your favourite shows and spending loads of time with your family.  What’s more?  Chhota Bheem and gang has always been by your side to counter attack that ‘sometimes bored vibes’ with their engrossing storylines and power packed super moves.  And how could we actually leave out the good ol’ fun we have with Grizzy and the lemmings (they tickle us to laughter, till we’re rolling down the floor) Oh, the fun! It’s like we couldn’t have more of it. But, we can! Say, whaaat? Yup you heard it right, we can’t get enough of good things , great shows and masti with you guys.  That’s why Pogo TV will have a mashup episode with Chhota Bheem’ s gang and ‘Grizzy and the Lemmings’ right on the clock from 10- 12th April, 9:30am onwards. Why? Because thodi nahi, weekends pe bahut saari masti to banti hai boss! Can’t imagine, what’s in store? Too excited, you ...

Complete Guidance on Easy and Hassle-free ITR filing

Complete Guidance on Easy and Hassle-free ITR filing Filing of income tax returns is an obligation for individuals and entities if their income of the preceding year exceeds a certain specified amount that is not chargeable to tax, as mandated by the Income Tax Department of the Government of India. The process of filing of  Income tax return  (ITR) has moved from the traditional offline mode involving paperwork to a fast & more accurate online mode, thanks to the online portal launched by the I-T department that offers citizens a single-window access to all income tax related services. Here’s a comprehensive guide for taxpayers on everything about the ITR filing process: What are e-return intermediaries? Under the Electronic Furnishing of Return of Income Scheme, 2007, authorized intermediaries provide services for electronically filing  Income tax return  on behalf of taxpayers, thus helping them save time & efforts. A noteworthy industry leader w...

How GST Accounting Software Can Help You?

There is a huge demand among business owners in India for reliable GST solutions. The GST system was introduced to simplify the system of indirect taxation and to ensure ease of doing business and transparency. With the help of robust IT infrastructure, including advanced gst accounting software, businesses can aim to achieve compliance as registrations, returns and payments can be done at the click of a button. An authorised GST Suvidha Provider (GSP), Alankit Limited empowers businesses with superior GST solutions and brings timely assistance through a team of qualified professionals. Nowadays, organisations, whether big or small, require technological support to stay at par with the evolving market trends and be ahead of their competition. A  gst accounting software  would offer the required support for management of accounts, ledger, inventories and other financial operations. All businesses including service enterprises are required to submit their GST revenues and fi...

Weekend Delights with Chhota Bheem

Pogo TV is proud to present you another Chhota Bheem weekend. Bring home your favourite character and spend your weekend with the best movies of Chhota bheem. Weekend with Chhota Bheem can be great and enriching too. Bheem is an extremely brave, strong and intelligent young boy who often manages to solve everyone’s problems. No wonder he’s the messiah for people of Dholakpur. Movies of Chhota Bheem teach unity, teamwork, care and friendship for each other. Make your favourite pastime by watching Chhota Bheem movies on Pogo TV. His gorgeous red cape sways in the air as he saves the planet, helps people in Dholakpur, has fun with Chhutki and friends, and solves all the problems of Raja Indravarma. He is a petite little boy, but his strength is amazing, works really hard the entire day and is also very intelligent. Chhota Bheem is one with moral values and encourages us to help people around us. Friendship is Chhota Bheem’s greatest support in all Chhota Bheem movies shown. He ...

Doon School Admission 2020

Congratulations on selecting The Doon School for your son. Now that you have chosen your school it is time to apply for 2020 admission. The admission process is rigorous this is necessary to ensure your son is ready to meet the expectations at Doon. The prospective students will be tested in three main areas English, mathematics, and reasoning and case study. Testing takes place in October of each year. The doon school website recommends bbc bitesize to help your son prepare. Hindu placements tests will be given after admission. In addition to testing an interview will be conducted. The prospective student will be put in a group with four others they school will look at their interactions with each other. They will also be looking to see how the prospect does with critical thinking, confidence, and their ability to recognize divergent viewpoints. These interviews will be conducted in November of each year. Be assured this process makes sure your student is ready to get the ...

Book of Happiness - A reason to smile

Hello peeps, ssupppp? What else do you think is important for us if not your happiness?  We sure hope you have a kick start to this year and to add an extra element of happiness to your year and life we started ‘book of happiness’ and guess what, we succeeded in bringing a cute smile on your face. Yayyy! Pogo TV which is determined to make any dull or unrelatable moment of your life filled with entertainment and barrel full of laughs, received a good response on the ‘book of happiness’ so we thought to celebrate your participation. The #BookOfHappiness dealt with the little things which we usually let go by unnoticed or maybe we don’t realize their importance in our lives. From rejoining long lost friends to sharing your happy song, from making beautiful bookmarks to doing hula hoops, from making wishes to catching a bug, the campaign did everything to make the first month of this year extraordinary with some extra happiness.  Pogo TV through its engaging to...

Nine Ways Why Organic Sanitary Pads Will Change Your Life

Days during the cycle are the hardest days for every woman, so they should be made as comfortable and enjoyable as possible. All women will agree with me that they do not love when those days come because everything is overblown. It is very important which Sanitary Pads we use.   Now I will write you nine ways that will make Organic Sanitary Pads change and make your life easier:   Because Sanitary Pads are comfortable and well absorbed Women can further ease those difficult days with Organic Sanitary Pads because they are nice and very discreet - you won't even feel them They consist of pure, certified, organic cotton and are hypoallergenic They are suitable for day and night They are packaged individually, making them suitable for travel; Contains adhesive tapes for maximum safety 100% biodegradable without any adverse effects on the environment. Made from 100% organic cotton suitable for women with sensitive skin And, of course, the price is not too ...

Best Botany Books in India

Bioinoculants For Integrated Plant Growth Author :  Dr H C Lakshman Rs.1295.00  Buy Now Delivery :  Usually ships in 4-5 days in india and 7-14 days Abroad Description: Sustainability in agriculture, forestry, and range of management requires balanced functional microbial ecosystems. The association of plant roots with AM fungi is a key factor in the below ground network essential to ecosystem function. The associat...  More Plant Biosystematics Author :  Prof S Venkat Ratnam Rs.795.00  Buy Now Delivery :  Usually ships in 4-5 days in india and 7-14 days Abroad Description: For Plant Taxonomy, several text books are made available in India, but for Plant Biosystematics, books are scarcely available in Indian Subcontinent. The Preparation of this book was motivated by a long felt need for a concise yet fairly comprehensi...  More Biotechnology: Perspectives & Prospects Author :  C P Malik,...