Gyaan Vijay Academy

Dear All,

https://youtu.be/1yPRcstM7_E

Sharing a new video on a very important amendment in Capital Gains for IPCC as well as CA Final. Also attaching links of other videos available for your reference.

For latest updates and new videos subscribe to

www.youtube.com/siddharthsuran

1. Presumptive Taxation (IPCC & CA Final)
https://www.youtube.com/watch?v=LGsVrcSL2X8

2. Equalisation Levy (Very Imp Amendment for CA Final)
https://www.youtube.com/watch?v=oXcGN3mOvfE

3. Five Important Case Laws: (CA Final)
a) https://www.youtube.com/watch?v=kNQtrpNFbYA
b) https://www.youtube.com/watch?v=Q528oSmQMwA
c) https://www.youtube.com/watch?v=yoRqFvjSL3M
d) https://youtu.be/5emmG4eJhbg
e) https://youtu.be/8wu1Pno9uWc

4. Story to memorise Income
Computation & Disclosure Standards (ICDS)

https://youtu.be/fbjkPsZ-rvc

Prof. Siddharth Narendra Surana (CA),
Founder Principal
Gyaan Vijay Academy (for CA)

Direct Tax amendment for May 17 and Nov 17 - IPCC and CA Final students

Newly introduced Income Computation & Disclosure Standards (ICDS) in Direct Tax. How will you remember their name and number?

Watch this video. Like/Share/Subscribe if u think it's useful.

https://youtu.be/fbjkPsZ-rvc

Further anybody interested in learning amendments and case laws for May 2017 exams, I will be taking my LAST LECTURE FOR MAY 2017 attempt on 7 & 8 th April at WIRC of ICAI, Cuffe Parade, Mumbai.

All the Best.
Prof. Siddharth Narendra Surana (CA)

Income Computation & Disclosure Standards (ICDS) - How to remember names? Prof. Siddharth N Surana

Happy to inform you that Summary of case laws in Direct Tax relevant for May 2017 attempt and Presentation on Income Computation & Disclosure Standards (ICDS) can now be downloaded from www.gyaanvijayacademy.com

Further, I will be posting small revisionary videos for some topics important in DT. So subscribe to my YouTube channel in case you have not subscribed as yet. Link:

www.youtube.com/siddharthsuran

Happy studying. Good luck. In case of specific queries kindly Whatsapp-9773300126 or [email protected]

Prof. Siddharth Narendra Surana (CA)
GYAAN VIJAY ACADEMY (specialists in CA Coaching)

SIDDHARTH SURANA CA Final Direct Tax made easy. If Tax is your weak point, be assured it will become your strongest point.

Due to high demand of students of May 2017 attempt Audit and Law amendments lectures for CA Final will be held as follows at Gyaan Vijay Academy (for CA):

Audit by CA Dr. Mahesh Gour
Day and Date-Mon 27th March-7-9 pm
Fees- For existing audit batch students -NIL (registration confirmation text on 9819974764 is compulsory)
For other subject students- 500
For outsiders - 1000
(Fee includes summary book worth Rs. 150)

Law by CA Sanidhya Saraf
Day and Date-Sat 1st April-7-11am
Fees- For existing Law batch students -NIL (registration confirmation text on 9819974764 is compulsory)
For other subject students- 500
For outsiders - 1000

Prior enrolment mandatory. Contact 9819974764 for the same.
(Please note DT Case Laws lecture on 27th will start at 11.30 am instead of 12)

Amendments and Case Laws lectures for CA Final May 2017 will be conducted as under:

Direct Tax (one day) by CA Siddharth Surana (Case Laws, ICDS, RTP)

Charni Road:
Mon 27th March-12 noon onwards (no end time)

Andheri:
Wed 29th March-11.30 am onwards (no end time)

Fees:

For DT regular and crash course students of May 17 or any past attempt full batch student (if not cleared)-FREE

For Other Subject Students at respective Branch-500

For Outsiders-1,000

Indirect Tax by CA Mahesh Gour (3 days) (Amendments, Case Laws, Common Topics and FTP)
Charni Road:
28, 29 and 30 March
4pm-9pm

Andheri:
31 March and 1 April - 2-9 pm

Fees:
For IDT students of May 17 or any past attempt full batch student (if not cleared)-FREE

For Other subject Students-2,000

For Outsiders-3,000

STRICTLY NO ADMISSION WITHOUT PRIOR ENROLMENT. Even students eligible for FREE entry have to send a text on confirming registration on the following numbers: Charni Road-9819974764, Andheri-9930812721.

Failing which admission for the lecture will not be given.

For academic doubts
9773300126-DT-CA Siddharth Surana
9158190686-IDT-CA Mahesh Gour

Sharing the link of an important case law in CA Final Direct Tax.

https://youtu.be/8wu1Pno9uWc

Also the good news is that colour HANDWRITTEN NOTES for CA Final DT are ready and can be downloaded from www.gyaanvijayacademy.com from 3rd March. No need to pay for any coloured book available in the market. Further, black and white copies of the same books will be available at Shankesh Xerox Andheri, Pioneer Xerox Kalbadevi and at Coppergate for non Mumbai students. I would like to humbly thank my students Rutali Dhole and Vidhi Mehta for their efforts in these notes.

May God bless you. Happy studying.
Prof. Siddharth Narendra Surana (CA)

https://youtu.be/mXrPBVA5Beg

https://youtu.be/zO1NmxG7RMk

For those who missed it, Learn the concepts of Best Judgement Assessment (BJA) u/s 144 and Protective Assessment in the easiest (and funniest possible manner). For more videos like/share/subscribe www.youtube.com/siddharthsuran

Some more good news:
1. Crash Course for CA Final DT has been successfully recorded and shall be available at Coppergate from next week
2. Handwritten notes for CA Final DT May 2017 & Nov 2017 attempts in a beautiful color combination shall also be available for download at www.gyaanvijayacademy.com within a week. So now no need to buy any coloured handwritten book from the market. (P.S.: ICDS with applicability and relevance shall be discussed in the case law lectures to be held in the last week of March)
Till then Happy studying.
Prof. Siddharth Narendra Surana (CA)

Assessment Procedure https://youtu.be/zO1NmxG7RMk

https://youtu.be/5emmG4eJhbg

Sharing an important case law for CA Final May 2017 and Nov 2017 attempt. Do watch. For regular updates like/share/subscribe our YouTube channel.

Further very happy to share that after huge success of Dani Sir's costing Crash Course ie DKC-This Much, we are now launching a Crash Course in CA Final Direct Tax. Details are in the video.

-Prof. Siddharth Narendra Surana (CA)

CA Final Direct Tax Case Law and Important Announcement for IPCC and CA Final Students https://youtu.be/5emmG4eJhbg

The Finance Budget, 2017 was presented by Finance Minister Shri Arun Jaitley in the Lok Sabha on 1st February, 2017. Following are the highlights of the tax proposals introduced in the budget:
1. Tax slabs for Individuals:
a) Rate for the bracket 2.5 lakh - 5 lakh shall be 5% if income is upto 5 lakh
b) Rebate u/s 87A shall be Rs. 2,500 max
c) Thus no income tax for income upto Rs. 3 lakh
d) If 80C utilised then no tax on income upto 4.5 lakh
e) Reduction of tax in subsequent brackets by Rs. 12,500 per person
f) Surcharge @ 10% for income exceeding 50 lakhs. For income exceeding 1 crore 15% will continue.

2. One page Income Tax return for individual with income upto 5 lakh excluding business income

3. No scrutiny of first return unless specific information

4. U/s 80IBA instead of Built Up area the limit of 30/60 sq meters shall be on carpet area. Ie 30 for Metro cities and 60 for other cities including peripheral areas of metro cities

5. Completion time shall be 5 years instead of 3 years

6. Builders will be given time of one year from the end of the year of completion for liquidating their stock before applying DLOP provisions.

7. Holding period for becoming Long Term Capital Asset for Immovable property shall be reduced to 2 years

8. Base year for indexation shall from 1/4/2001

9. In joint development projects tax liability will get attracted only in year of completion

10. Due to restructuring of state of Andhra Pradesh capital gains shall be exempt for land held on 2/6/14 acquired by government

11. Reduced tax rate of 5% u/s 115A for Interest to Foreign Entities shall continue till 30/6/2020

12. For start ups for carry forward of losses requirement of 51% shall be relaxed only pioneers continue. Profit linked deduction shall be available for 3 out of 7 years instead of 5 years u/s 80IAC

13. Proposed to abolish advance tax on MAT but will take time for MAT to get abolished (so gradually they will follow CA Siddharth Surana's suggestions)

14. MAT credit shall be for 15 years

15. For Medium and Small enterprises Corporate Income tax shall be 25% if Turnover upto 50 crores

16. Deduction of 8.5% on NPAs

17. Interest incomes of schedule banks and cooperative banks shall be taxed on receipt basis and not due basis

18. Not many changes in Custom and Excise as they will soon be replaced by GST

19. As expected Presumptive Taxation rate u/s 44AD shall be reduced to 6% for non cash turnover (Also applicable for PY 16-17 ie AY 17-18)

20. Max cash expenses allowed shall be reduced to 10,000 from 20,000 u/s 40A(3)

21. Cash Donations to political parties shall be reduced from 10,000 to 2,000 (haters will hate this government even more now)

22. Special Investigation Team on Black Money suggested to allow maximum amount of Cash Transaction at Rs. 3 lakhs. Which will soon be accepted by legislative amendment

23. Basic Custom Duty/Excise/CVD/SAD on POS card readers, ATM, Finger print scanners, IRIS scanners shall be exempt to promote domestic manufacturing

24. For Political Parties
a) Can accept maximum 2,000 cash donations from any one source
b) Allowed to receive through cheque or electronic modes
c) Amendment in RBI Act to allow issuing of electoral bonds which donors can purchase electronically and will be redeemable in the account of a political party
d) Compulsory to file Income Tax Return on time
e) Tax exemption shall be available only if all conditions stated above are satisfied

25. Domestic transfer pricing shall apply to transactions with related parties only if one of the entities is claiming profit linked deduction

26. Audit of those opting for presumptive taxation only if turnover exceeds 2 crore

27. Threshold to maintain Books of Accounts for Individual and HUF shall increase to 25 lakh from 10 lakh of turnover or from 1.2 lakh to 2.5 lakh of profit

28. Foreign portfolio exempt from Capital Gains Tax if indirect transfer or redeemed outside India

29. Insurance agent can avoid TDS by submitting self declaration form 15G/H

30. Only one advance tax installment for professionals opting for Section 44ADA
(But rate of income not reduced. Kindly make CA Siddharth Narendra Surana the Finance Minister of the country)

31. Time to file revised return shall be upto end of assessment year ie same as belated return as amended last year

32. Time limit for Scrutiny order reduced to 18 months for AY 18-19 and 12 months from AY 19-20 as against present 21 months

-Analysis by
Prof. Siddharth Narendra Surana (CA)
Founder Principal,
Gyaan Vijay Academy (specialists in CA Coaching)
[Internationally renowned Direct Tax Faculty]
[www.youtube.com/siddharthsuran

www.facebook.com/siddharthsuran

www.gyaanvijayacademy.com]

SIDDHARTH SURANA CA Final Direct Tax made easy. If Tax is your weak point, be assured it will become your strongest point.

Dear All,
I firmly believe that promises are made to be honored. I am happy to inform you all that Summary of Amendments in Direct Tax brought by Finance Act 2016, relevant for May 2017 and November 2017 attempts, is now ready and available for download at
www.gyaanvijayacademy.com

Also attaching the links of all videos available for your reference. For latest updates and new videos subscribe to www.youtube.com/siddharthsuran.

1. Introduction To Direct Tax - CA Final
https://www.youtube.com/watch?v=BmYCQ0XXaVM

2. Presumptive Taxation (IPCC & CA Final)
https://www.youtube.com/watch?v=LGsVrcSL2X8

3. Agriculture Income (IPCC)
https://www.youtube.com/watch?v=Oqp9F5OQ6bc

4. Equalisation Levy (Very Imp Amendment for CA Final)
https://www.youtube.com/watch?v=oXcGN3mOvfE

5. Three Important Case Laws: (CA Final)
a) https://www.youtube.com/watch?v=kNQtrpNFbYA
b) https://www.youtube.com/watch?v=Q528oSmQMwA
c) https://www.youtube.com/watch?v=yoRqFvjSL3M

Prof. Siddharth Narendra Surana (CA),
Founder Principal
Gyaan Vijay Academy (for CA)

Dear All,
Sharing a very important message for students of Nov 2016 who got their results few days ago and also for those students who will be appearing for May 2017 exams.

Also detailed discussion of an important concept called 'Equalisation Levy' introduced as an amendment by Finance Act, 2016

We at GVA thank you for the outstanding response for the IDT batch by CA Mahesh Gour sir. The batch is full and admissions are closed. Following batches are filling fast kindly enrol asap to avoid disappointment:
1. ISCA by Prof. Nirav Mehta sir
2. Audit by CA Mahesh Gour sir
3. Law by CA Sanidhya Saraf sir
4. DT Crash Course for May 2017 and regular batch for Nov 2017 by CA Siddharth Narendra Surana.

Thank you,
Gyaan Vijay Academy (for CA)
Founder Principal,
Prof. Siddharth Narendra Surana

https://youtu.be/oXcGN3mOvfE

Prof. Siddharth Narendra Surana (CA) - Message for May 2017 and Concept of Equalisation Levy https://youtu.be/oXcGN3mOvfE

South Mumbai's Best Coaching Class for CA Course.
Upcoming batches at Gyaan Vijay Academy (Charni Road)

1. IPCC IDT by Prof. Khushboo Sanghavi-May 17
2. Final ISCA by Prof. Nirav Mehta, Law by CA Sanidhya Saraf, Audit & IDT by CA Dr. Mahesh Gour Mahesh Gour-May 17
3. Final DT Crash Courses by CA Siddharth Narendra Surana - May 17
4. Final DT by CA Siddharth Narendra Surana-Nov 17

Founder Principal,
Prof. Siddharth Surana (CA)
www.gyaanvijayacademy.com
Whatsapp - 9819974764

Gyaan Vijay Academy – For CA – CPT / IPCC / FINAL www.gyaanvijayacademy.com