Download the best Free CA FINAL android app for cracking your exam! Download Now

Mega Exemption List Easy Learn Details

Mega Exemption List Easy Learn Details

Mega Exemption List Easy Learn : Service Tax Mega Exemption List have been consolidated at one place for ease of reference. This Mega Exemption list is prepared in such a way that, it can be easily remembered. The various Mega exemptions provided by the notification are discussed here :

Mega Exemption List Easy Learn Details

Mega Exemption List Easy Learn :  under this service mentioned are taxable but exemption has been provided through the notification. Under this 39 services have been mentioned. And any changes in this can be done by notification.

Services provided to the United Nations or a specified international organization but service provided by the United Nations or a specified international organization are taxable if not exempted anywhere.

Health care services by a clinical establishment, an authorized medical practitioner or Para-medics (all service related to Health Care are exempt. “clinical establishment” means a hospital, nursing home, clinic, sanatorium or any other institution by, whatever name called, that offers services or facilities requiring diagnosis or treatment or care for illness, injury, deformity, abnormality or pregnancy in any recognized system of medicines in India, or a place established as an independent entity or a part of an establishment to carry out diagnostic or investigative services of diseases.

“health care services means any service by way of diagnosis or treatment or care for illness, injury, deformity, abnormality or pregnancy in any recognized system of medicines in India and includes services by way of transportation of the patient to and from a clinical establishment, but does not include hair transplant or cosmetic or plastic surgery, except when undertaken to restore or to reconstruct anatomy or functions of body affected due to congenital defects, developmental abnormalities, injury or trauma” Services by a veterinary clinic in relation to health care of animals or birds ( Like as in 2nd above). Services by an entity registered under section 12AA of the Income tax Act, 1961 (43 of 1961) by way of charitable activities. Charitable activities means activities relating to –

Public health by way of –

(a) Care or counseling of

(i) terminally ill persons or persons with severe physical or mental disability,

(ii) persons afflicted with HIV or AIDS, or

(iii) persons addicted to a dependence-forming substance such as narcotics drugs or alcohol;

(b) Public awareness of preventive health, family planning or prevention of HIV infection Advancement of religion or spirituality Advancement of educational programmes or skill development relating to-

(a) abandoned, orphaned or homeless children

(b) physically or mentally abused and traumatized persons or prisoners

(c) persons over the age of 65 years residing in a rural area Preservation of environment including watershed, forests and wildlife. Services by a person by way of-

(a) renting of precincts of a religious place meant for general public; or

(b) conduct of any religious ceremony. However, renting of precincts of religious place not meant for general public would not be covered under the exemption. “religious place means a place which is primarily meant for conduct of prayers or worship pertaining to a religion, meditation, or spirituality” Service Provider Service Receiver Taxability

(a) arbitral tribunal Any person other than business entity(No limit of turnover) Exempt A business entity (Turnover =10 Lacs Preceding financial year) Exempt A business entity with a turnover up

10 lakh in the preceding financial year Reverse charge(Service Receiver ha to pay Service Tax) An advocate or partnership firm of advocates (legal services) An advocate or partnership firm of advocates providing legal services Exempt Any person other than a business entity Exempt A business entity with a turnover up =10 lakh in the preceding Financial year Exempt A business entity with a turnover up

10 lakh in the preceding financial year Reverse charge(Service Receiver ha to pay Service Tax) An advocate or partnership firm of advocates (other than legal service) Any person Taxable A person represented on an arbitral tribunal to an arbitral tribunal Any person Exempt Any person provide legal service except (an advocate or partnership firm of advocates) Any person Taxable.

Mega Exemption List Easy Learn

Mega Exemption List Easy Learn : Intermediate (Integrated Professional Competence) Course students – IPCC:

  • Initial registration for then IPCC, now Intermediate (IPC) Course is valid for 4 years.
  • That means 8 attempts. (yearly two)
  • After 4 years you should revalidate it for another 4 years.
  • Fee for revalidation is Rs. 400/- for each revalidation.
  • Each Revalidation shall be valid for 4 years.

Mega Exemption List Easy Learn

Mega Exemption List Easy Learn :

Final students:

  • Initial registration for Final Course is valid for 5 years.
  • That means 10 attempts. (yearly two)
  • After 5 years you should revalidate it for another 5 years.
  • Fee for revalidation is Rs. 500/- for each revalidation.
  • Each Revalidation shall be valid for 5 years.

Mega Exemption List Easy Learn

Mega Exemption List Easy Learn : Career After CA intermediate

Here are some of the very best options for Career after CA intermediate:

There are many courses available which you can pursue with CA. However the choice and decision depends upon many factors like interest, duration, cost, time, devotion etc. depending upon your circumstances.

Career After CA intermediate Some of them are –

  • CS, ICWA, CFA, these are Long term duration with more than 3 years.
  • CPA, ACCA, CMA, CIMA, CFP, CIA, CISA atc. are medium term duration depending upon the devotion and your level of knowledge.
  • Further there are many certification Programmes like, IFRS, NCFM, CMA  etc.
  • Financial Modeling

Select these course depending upon your field of interest and personal circumstances.

The combination of CA+CFA  is good in case the interest is for Investment banking and Portfolio Management.

The combination of CA+CPA or CA + ACCA is good , in case interest is in Accounting and Auditing field. This is one of the best option if you want to work in MNCs or outside India.

The Combination of CA+CS is also good.

The combination of CA+CS is helpful in long run to grab top opportunities at management level. CS is a very good combination with CA as far as course content and understanding the corporate environment is concerned.

If you are having CS qualification then you can easily and confidently handle or administer secretarial work/department along with the account work/finance department.these are some of the suggestible options for Career After CA intermediate.

Mega Exemption List Easy Learn

Mega Exemption List Easy Learn :  Also focus on the opinion below:

In today’s time, simply ICAI membership only is not enough. To improve the chances of getting quick job after receiving ICAI membership following practical things are necessary to be considered:
Career After CA intermediate-added advantageous course:
1. More than basic understanding of accounting.
2. Good knowledge of ERP, Tally, SAP, IFRS, MIS working environment.
3. Understanding of working as a finance part.
4. Good and practical knowledge of Taxation.

So, we have here provided the some of the best alternative courses for CA, after CA IPCC. We hope this article will help you in better understanding of the concept about “Mega Exemption List Easy Learn”.

Mega Exemption List Easy Learn

Mega Exemption List Easy Learn : 

Do you really worried about your Career After CA IPCC? Here are some of the best option for Career After CA IPCC

There are many courses which you can pursue with CA. However the choice and decision depends upon many factors like interest, cost, duration, time devotion etc. depending upon your circumstances.

Career After CA IPCC Some of them are – CS, ICWA, CFA , CMA. these are Long term duration with more than 3 years.

CPA, CFP, CIA, CISA atc. are medium term duration depending upon the devotion and your level of knowledge.

Further there are many certification Programmes like, CIFRS, NCFM, CMA  etc. Select the depending upon your field of interest and personal circumstances.

Here are the courses offered by www.cakart.in for CFA:

CFA COURSES by CAKART
CFA – Forex – Foreign Exchange Management
CFA – Derivatives – Forward Future Options
CFA – Mutual Funds
CFA – Portfolio Management
CFA – Dividend Policy
CFA – Bond Valuation
  • The combination of CA+CFA is good in case the interest is for Investment banking and Portfolio Management.
  • The combination of CA+CPA is good , in case interest is in Accounting and Auditing field.
  • The Combination of CA+CS is also good.
  • The combination of CA+CS is helpful in long run to grab top opportunities at management level. CS is a very good combination with CA as far as course content and understanding the corporate environment is concerned.
  • If you are having CS qualification then you can easily and confidently handle or administer secretarial work/department along with the account work/finance department.these are some of the suggestible options for Career After CA IPCC

Mega Exemption List Easy Learn Details

At CAKART (www.cakart.in) you will get everything that you  need  to be successful in your CA CS CMA exam – India’s best faculty video classes (online or in pen drive) most popular books of best authors  (ebooks hard copies) best scanners and all exam related information  and notifications.Visit  and chat with our  counsellors  any time. We are happy to help you make successful in your  exams.

www.cakart.in.

www.cakart.in.

.

Leave a comment

Your email address will not be published. Required fields are marked *