Saturday, July 4, 2015
Download Best Notes for Duty Drawback under Custom Act, 1962 for CS Professional exams to be held in December 2015
Download best notes of Duty Drawback under Custom Act,1962 for CS Professional Exams to be held in December 2015.
For Complete notes of Advanced tax laws and Practice, Contact at 97808-08413 or 98887-45849
To download click here
Thursday, July 2, 2015
Black money law: Govt notifies 3 month compliance window till Sept 30 for disclosure
Government today gave three months time till September 30 for people to declare their undisclosed foreign income and assets to escape prosecution under the new black money law, while tax and penalty on such funds can be paid till December 31.
Those availing the one-time ‘compliance window’ would be required to pay a tax of 30 per cent and a penalty of a similar amount.
Under the new black money law, which has been passed by Parliament and would come into force from April 1, 2016, the penalty would be much higher at 90 per cent, in addition to a 30 per cent tax on undisclosed foreign assets, while such persons would also face criminal prosecution with a jail term of up to ten years.
The Finance Ministry said in a statement that it has notified the three-month compliance window under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. Those making the disclosure during this period would have further three-months time till December 31 to pay the taxes and the penalty on their foreign income and assets.
“The Central Government has notified the September 30, 2015, as the date on or before which a person may make a declaration in respect of an undisclosed asset located outside India under the compliance provisions” of this Act.
“The last date by which a person must pay the tax and penalty in respect of the undisclosed foreign assets so declared shall be the December 31, 2015,” it added. The new law was passed by Parliament in May and was notified on May 26, 2015 following the President’s assent.
“The Act provides for separate taxation of undisclosed foreign income and assets. Stringent penalties and prosecution, including rigorous imprisonment up to 10 years and penalty equal to three times of the tax have been prescribed for violation,” the statement added. -
See more at: http://www.kcctutorials.com/black-money-law-govt-notifies-3-month-compliance-window-till-sept-30-disclosure/#sthash.TF5Rcld6.dpuf
Wednesday, July 1, 2015
Master Circular on Compounding of Contraventions under FEMA, 1999
RBI has issued Master Circular on Compounding of Contraventions under FEMA, 1999 on 1st July, 2015.
To download the circular please visit- http://www.kcctutorials.com/master-circular-compounding-contraventions-fema-1999/
To download the circular please visit- http://www.kcctutorials.com/master-circular-compounding-contraventions-fema-1999/
Saturday, June 27, 2015
ICSI webcast to discuss issues related to Secretarial Standards
ICSI organizing webcast to discuss issues related to Secretarial Standards from 03:00 to 05:00 p.m. on 30.06.2015. Secretarial Standards on ‘Meetings of the Board of Directors’ [“SS-1”] and ‘General Meetings’ [“SS-2”] shall come into effect from 1st July, 2015.
For webcast link click here
For webcast link click here
Friday, June 26, 2015
NIRC- All India Moot Court Competition for Students of ICSI
Northern India Regional Council of The Institute of Company Secretaries of India is organizing 13th All India Moot Court Competition for Students of ICSI. The National Level Competition will be held on Wednesday, July 29, 2015 at ICSI-NIRC, New DToelhi.
To download NIRC all India moot court competition notification click here
To download NIRC all India moot court competition notification click here
ICSI Secretarial Standards SS-1 and SS-2 shall come into effect from 1st July, 2015.
The Institute of Company Secretaries of India (ICSI) had vide ICSI Notification No.1 (SS) of 2015 dated 23rd April, 2015, as published in the Gazette of India Extraordinary Part III – Section 4, issued the Secretarial Standards on ‘Meetings of the Board of Directors’ [“SS-1”] and ‘General Meetings’ [“SS-2”] [collectively referred to as the Secretarial Standards]. These Secretarial Standards shall come into effect from 1st July, 2015.
To download the notification click here
To download the notification click here
Sunday, May 24, 2015
KCC Online Tests
Prepare for Company Secretary Exams with KCC Online Test.
1. Login to www.kcctutorials.com/onlinetest 2. Click on onlinetest
3.Then sign up
4. After sign up, you will get an activation link.
5. Click that link in your e-mail id.
6. Now you will be able to appear in Online preparation test.
7. There are two tests, practice test and main tests.
8. Practice tests are free, but main are free only for one month
1. Login to www.kcctutorials.com/onlinetest 2. Click on onlinetest
3.Then sign up
4. After sign up, you will get an activation link.
5. Click that link in your e-mail id.
6. Now you will be able to appear in Online preparation test.
7. There are two tests, practice test and main tests.
8. Practice tests are free, but main are free only for one month
Thursday, May 14, 2015
How to prepare for Company Secretary Executive June, 2015 Exams
Company Secretary Course is considered one of the toughest & prestigious course amongst professional courses like Chartered Accountancy and Cost Accountancy Courses. This Course requires students to have deep knowledge of laws and regular updates. Tension gets mounted when exams approach and most of students even after preparing for a long period of time loose their patience during last stage of preparation before the exams. I have also faced all the three exams i.e CS, CA & CMA and cleared very easily but never lost my patience, so whatever I have learnt from my experience is try to share with you. Noteworthy point is that different students have different caliber and stamina to study, so they can study according to their own plan if they find that suitable.
Tips for CS Executive Preparation when you are left with few days before exams
1. Never read all subjects on a single day, because it makes all messy and confusing.
2. Read the first paper during first 2-3 days before the first exam.
3. In module I , paper of Company Law is typical, and in December, 2014 exams most of the questions were practical situation based, so students are advised to read this paper very carefully and point by point, for practical questions help of any standard book like CA Final Corporate Laws & Allied Laws authored by Munish Bhandari may be taken, but students are advised that this book is mainly for CA Final students so try to read only practical questions from this book after reading your provisions from whatever source.
4. First three exams are OMR based, so try to solve MCQ at least once from any standard book, if students are unable to find any standard book from the market, then students can read scanner published by Suchita Parkashan, but please note that first read the topics from Module or any standard book then go for MCQ.
5. Percentage required to clear the exams is at least 40% in each exam and at least 50% in aggregate, in December, 2014 exams most of students got exemption i.e 60% or more than that, marks in the OMR based paper but could not get even 40% marks in the other subjective papers especially Company Law & Capital Market and Securities Law Exams. Reason was that when you are attempting MCQ based questions you get four answers, when answer is before you it becomes easy to pick that and moreover there is no negative marking in CS Exams unlike in CA CPT exams, which makes CS OMR based papers very easy, so students are advised to devote extra time to subjective papers rather than OMR based papers.
6. For the last three attempts, Capital Market and Securities Law paper is also covering practical approach based paper, I consider this paper toughest from students point of view, only way to get through this paper is firstly to read the module or any standard book carefully then try to read at least once previous exams from any book of students like.
7. There is saying that what you think in your mind is in your hands, so now only think exams and avoid any party or functions etc. because few days before and during exams even a little thing makes maximum distraction, so avoid any function etc.
Tips for CS Executive Preparation when you are left with few days before exams
1. Never read all subjects on a single day, because it makes all messy and confusing.
2. Read the first paper during first 2-3 days before the first exam.
3. In module I , paper of Company Law is typical, and in December, 2014 exams most of the questions were practical situation based, so students are advised to read this paper very carefully and point by point, for practical questions help of any standard book like CA Final Corporate Laws & Allied Laws authored by Munish Bhandari may be taken, but students are advised that this book is mainly for CA Final students so try to read only practical questions from this book after reading your provisions from whatever source.
4. First three exams are OMR based, so try to solve MCQ at least once from any standard book, if students are unable to find any standard book from the market, then students can read scanner published by Suchita Parkashan, but please note that first read the topics from Module or any standard book then go for MCQ.
5. Percentage required to clear the exams is at least 40% in each exam and at least 50% in aggregate, in December, 2014 exams most of students got exemption i.e 60% or more than that, marks in the OMR based paper but could not get even 40% marks in the other subjective papers especially Company Law & Capital Market and Securities Law Exams. Reason was that when you are attempting MCQ based questions you get four answers, when answer is before you it becomes easy to pick that and moreover there is no negative marking in CS Exams unlike in CA CPT exams, which makes CS OMR based papers very easy, so students are advised to devote extra time to subjective papers rather than OMR based papers.
6. For the last three attempts, Capital Market and Securities Law paper is also covering practical approach based paper, I consider this paper toughest from students point of view, only way to get through this paper is firstly to read the module or any standard book carefully then try to read at least once previous exams from any book of students like.
7. There is saying that what you think in your mind is in your hands, so now only think exams and avoid any party or functions etc. because few days before and during exams even a little thing makes maximum distraction, so avoid any function etc.
Last Date for Admission of CS Executive & Professional Programme December, 2015 Exams
Students are advised to note following important dates regarding admission/enrolment
Last Date for registration of CS Executive Programme (Single Module) - 31st May, 2015
Last Date for registration of CS Professional Programme (Single Module) - 31st May, 2015
Point to Note:
1. There is no admission with late fee.
2. Students who have appeared in their final year of graduation exams can also apply for enrolment on provisional basis.
3. Student will be eligible to appear only any single module of CS Executive & CS Professional Exam.
4. If student is still facing any problem, he/she can post his query on this blog in the comment column, KCC will try to resolve the query at the earliest.
Last Date for registration of CS Executive Programme (Single Module) - 31st May, 2015
Last Date for registration of CS Professional Programme (Single Module) - 31st May, 2015
Point to Note:
1. There is no admission with late fee.
2. Students who have appeared in their final year of graduation exams can also apply for enrolment on provisional basis.
3. Student will be eligible to appear only any single module of CS Executive & CS Professional Exam.
4. If student is still facing any problem, he/she can post his query on this blog in the comment column, KCC will try to resolve the query at the earliest.
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