CAPS

05/03/2022

Congratulations to CA Faizullah (student of CAPS) On successfully completing CA FINAL in first attempt.

27/03/2019

Preparing for interview... Spend time on these tips.

18/05/2017

One line that killed and buried many dreams and ambitions
"I will start surely .....from tomorrow....."

16/05/2017

When u lose ur dream u die
Live up to your dreams..

PATIENCE & HARDWORK AND FAITH IN GOD
CAN CREATE WONDERS.

04/05/2017

03/02/2017

There was a farmer who sold a pound of butter to the baker. One day the baker decided to weigh the butter to see if he was getting a pound and he found that he was not. This angered him and he took the farmer to court. The judge asked the farmer if he was using any measure. The farmer replied, amour Honor, I am primitive. I don't have a proper measure, but I do have a scale." The judge asked, "Then how do you weigh the butter?" The farmer replied "Your Honor, long before the baker started buying butter from me, I have been buying a pound loaf of bread from him. Every day when the baker brings the bread, I put it on the scale and give him the same weight in butter. If anyone is to be blamed, it is the baker."

What is the moral of the story? We get back in life what we give to others. Whenever you take an action, ask yourself this question: Am I giving fair value for the wages or money I hope to make? Honesty and dishonesty become a habit. Some people practice dishonesty and can lie with a straight face. Others lie so much that they don't even know what the truth is anymore. But who are they deceiving? - THEMSELVES!!

29/03/2016

This institute is temporarily closed for short period due to unavoidable circumstances as I have relocated to Hyderabad. But will definitely come back soon with new conceptual training and teaching at existing as well as new location. I'm extremely sorry as I couldn't manage this page with updates about the profession for some time now but I promise to update in very near future.

Thanks every one who have been supporting us. Looking forward for the support over days and years to come.

21/04/2015

IMPORTANT: Aadhar holders exempted from filing physical ITR-V

In a change that will impact millions of Indians, new tax forms released on Thursday have exempted taxpayers with Aadhaar cards from submitting their ITR-V by post after filing their returns online. This will make the online filing procedure truly paperless even for those who don't have digital signatures. The income tax department intends to link the electronic verification code or EVC system-endorsed Aadhaar card to the ITR (income tax return) form submitted by a taxpayer and the authenticat ..

Till now, online filing was paperless only if the person had a digital signature. Taxpayers who did not have a digital signature had to post a physical copy of the ITR-V to the Central Processing Centre in Bengaluru within 120 days of filing tax returns online. This physical submission of the ITR-V acknowledgement slip prevented e-filing from becoming a completely online process. The new forms have removed this anachronism and made e-filing easier.

"A large number of e-filers skipped this very important process, assuming the job was done once their return was e-filed, whereas the IT department doesn't consider a return filed unless the ITR-V reaches them on time," said Archit Gupta, CEO and co-founder, ClearTax.in, a Delhi-based online tax filing portal.

Moreover, ITR-V had to be signed and printed properly so that the bar code was clearly visible. ITR-Vs that did not conform these specifications got rejected. There have been complaints of postal delays and losses in transit as well.

"It was unfair, to say the least, to expect every single tax payer to have access to a printing facility and then make the time to go to the post office to send the speed post. We're glad the process is being done away with for those who have an Aadhaar card and with this the e-filing process will become fully electronic," said Gupta. The refund process should get faster and smoother. "One of the possible mechanisms for EVC could be through an OTP (one-time password) sent on the mobile number of ..

The new forms also seek a more detailed declaration from taxpayers. It's now mandatory to list bank accounts held at any time during the year in ITR-1, including those that have been closed during the period. Tax payers will also have to provide account numbers, name of the bank, IFSC code and list any joint holders along with the closing balance on March 31 of the assessment year.

ITR-2 now seeks particulars of foreign bank accounts and assets held, details of overseas travel and expenses on the trip. It also seeks utilization details of amounts deposited in capital gains account schemes for the year. Unutilized amounts from such schemes are taxed as short-term capital gains when not invested within the specified period.

"With this disclosure, the department has eased its process of collecting tax by putting the onus of disclosure on the tax payer," Gupta said. ITR-1 can no longer be filed by anyone who has income from sources outside India. Filling the new ITR-2 may be cumbersome for some.

Courtesy
The Economic Times

17/07/2014

Number of students appeared in CPT JUNE 2014 Exams = 4 &
Number of students passed in CPT JUNE 2014 Exams= 4
" 100 % passing percentage in the FIRST BATCH "
With the Blessings of Lord let the victory saga continue. :-)

13/05/2014

CA CPT DECEMBER 2014/ JUNE 2015 BATCH :

Students register online for CA CPT Long-term Batch for Dec 2014 / June 2015 Exams, ://caps18.webnode.com/registration/ .Book seat in advance. Admissions on first come first serve basis.
Batch starts on 18th June for DECEMBER 2014 EXAMS.
Batch starts on 2nd August for JUNE 2015 EXAMS

23/03/2014

Students can register online for CA ( CPT/IPC) Classes ://caps18.webnode.com/registration/ Book your place in advance. Admissions on first come first serve basis. Last date of registration for June 2014 Exam batch is 31st March 2014.

26/02/2014

ICAI has launched E-Learning DVD's for CPT, IPCC & CA Final Students.

These DVDs are a compilation of (1) e-Lectures, (2) Podcasts (MP3), (3) Study Material, (4) Practice Manual, (5) PDF of PowerPoint Presentations and (6) Self Assessment Quiz that have been organized Chapter Wise for the respective papers of Intermediate (IPC) Course and Final Course, as available on Students LMS at the time of creation of these DVDs. These e-Learning DVDs are available for sale @ Rs.100/- each at Institute Sale Counters in Regional/ Branch Offices. The e-Learning facility aims to supplement the Study Material, Practice Manual and other content provided to the students.

While these DVDs have been designed to work on Multimedia Desktop Computer and Laptop, they have been developed as a responsive site that may also work on recent Mobile Phones and Tablets (Android 4+, IOS), when copied on the Memory/ SD Card.
Students are encouraged to make good use of these DVDs to have a better understanding of the subjects and enhance their preparation for forthcoming Examination through the Study Materials issued to them and updated from time to time.