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If you are self motivated then you are bound to become CA

By : CS K. K. Agrawal
Dear Students

Bapu Hanikarak nahin hai. Blessed are those students who are supported by immensely motivated parents who are hell bound to make you a better person.

The support of parents, relatives and friends are immensely important. If you are getting their love then you are blessed.

But above all, they all have their limitations. They cannot do your study. They cannot get into your mind to make you study. At best they can create an environment of study. Like tuition fees, table, chair, movie tickets etc. 

It is upto you how best you can utilise these resources to make yourself successful.

Whatever field you have chosen, the path you will travel, believe in it and give your best shot.

Future is always bright and one day certainly will come when you will make your parents proud the whole world proud.

Just remember your work will be done by you not others. Do remember you are super intelligent and can put in lots of hard work in immense pressure also.

All the best


CS K K Agrawal

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Govinda motivational speech at SRCC business conclave

By : CS K. K. Agrawal
Dear Students

Do listen to one of the finest speech of Govinda the Super Star. He has rightly said recognise your personality. Who you are actually. Try to find it out before it is too late.

I can recall a story of 65 year old very famous doctor. After retirement he started playing piano. He played and played for 2 to 3 years. At the age of 68 years he realised he wanted to become pianist but he became doctor.

Talk to yourself and decide what you want to become otherwise you will be forced to become what you do not want to become.

Thanks

CS K K Agrawal


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Residential Status test and last class revision

By : CS K. K. Agrawal
This is our face to face class. Each student at the start of the class need to give a theoretical test. These test are checked immediately so that there shortcomings are highlighted in the class itself infront of everyone. 

This helps students to realise what mistakes they are making and he or she can start improving.

These test system is possible only in small groups of not more than 50 students.

There is no doubt most of my students not only excel in exam but also in practical field.

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Call : 88260 99990; 4558 4253


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Filing of return for AY 2018-19 as per Finance Bill 2017 and consequences u/s 234F

By : CS K. K. Agrawal
Who thought India one day will change and face the biggest demonetisation and thereafter successful re monetisation. With this backdrop finance bill 2017 was presented to change the non tax compliance society to tax compliance society.

The manner of filing of return has been not been changed. But consequences of late filing of return has been changed drastically. It basically forces the assessee to file the return of income in time. It allows late filing of return albiet with a fees. Even the time of filing of revised return has been reduced by 1 year. 

Late fees ranges from Rs. 1000 to 10,000 depending upon the amount of income shown and how late return is being filed.

This fees is to be paid alongwith tax and interest as per S 140A called self assessment tax.

If this fees is not deposited before the return is filed then wait for notice u/s 143(1).

The Govt. is acting swiftly. It is changing itself very fast. It is not sitting idle. Why should we. Let us co-operate.
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The more apt titles of this video can be

1. Do not fail again

2. I am failing again and again. Where is my fault?

3. Memory is the key to success

4. CA is very difficult for me. What to do?

5. I do not want to fail again. What is the solution?

We also sell books online in PDF format.

Buy our bestsellers : All books authored by CS K K Agrawal 

Buy CA IPCC best sellers










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The biggest challenge faced by CA Students : English writing skills

By : CS K. K. Agrawal
Dear Students

You know in your heart, deep down below you have said to yourself umpteem times you are going to pass. This sentence was said for the first time when you took admission in ICAI. Then number of times to your family members and friends. If you haven't, then start telling now. It will boost your confidence and also a pressure in you that you need to pass.

But have you ever thought why most of the students inspite of working very hard fails. One of the reason which I see and believe after teaching so many students that they are not able to express their thoughts clearly in English. 

For this what they need to do. They need to improve their writing skills. I am not talking about grammar. Most of the students are having very good grammar skills. But they do not use the right words of any particular subject. Meaning thereby missing vocab of particular subjects.

In this video I am stressing out the need to memorise those typical words. Also urgent need to memorise the sections also.

I hope by watching this video it will help you in realising your mistakes and will improve upon them.

This is my face to face class where each and every individual students are being tested each day in the class.

Daily test is the routine. 

Those who are doing my online class they should also benefit by watching this video.

Now when these students will reach final then they won't face any of these challenges.

I also need to mention the same challenge is also faced by CS and CMA students. 

Thanks

CS K K Agrawal
Never Say Die
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Buy our online books Visit : taxbykk.com
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The more apt titles of this video can be

1. Do not fail again

2. I am failing again and again. Where is my fault?

3. Memory is the key to success

4. CA is very difficult for me. What to do?

5. I do not want to fail again. What is the solution?

We also sell books online in PDF format.

Buy our bestsellers : All books authored by CS K K Agrawal 

Buy CA IPCC best sellers












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Cost Inflation Index of every year when base year is 1-4-2001. Finance Bill 2017

By : CS K. K. Agrawal
Markets of property, shares and jewellery are speculative in nature. People buy these assets either for security (Investment) or for speculation. The transactions in these assets are also subjected to capital gain tax.

Capital gain can be either long term or short term depending upon the period of holding. Long term is subjected to less tax than short term. Rate of tax on long term ranges from 0% to maximum 20%.

The other benefit of long term asset that they can be indexed. Govt. has come out with index table called Cost Inflation Index whose base year was fixed as 1-4-1981. 

In Finance Bill 2017 the Govt. has taken a very bold step and has shifted the base year from 1981 to 2001 for the benefit of investors.

Also period of holding of land and / or building has been reduced from 36 months to 24 months.

Kudos to our Finance Minister Mr. Arun Jaitely. Wonderful job sir.

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Cost Inflation Index base year 1-4-2001
2001-02
100
2009-10
148
2002-03
105
2010-11
167
2003-04
109
2011-12
184
2004-05
113
2012-13
200
2005-06
117
2013-14
220
2006-07
122
2014-15
240
2007-08
129
2015-16
254
2008-09
137
2016-17
264














Computation of tax as per AY 2018-19 as per Finance Bill 2017

By : CS K. K. Agrawal
Finance bill 2017 has reduced the lowest slab rate to 5% from 10%. This is a welcome step. The assessee shall get maximum benefit of Rs. 12,500 across all levels of income. But next slab is 4 times of 5% which is 20%. This may encourage few assessee to under report their income so that they may fall in 5% bracket.

One more benefit is been given to resident individual who is earning income upto Rs. 3,50,000 to claim rebate u/s 87A of maximum Rs. 2,500. Effectively every salaried class or small business man whose total income is upto Rs. 3,00,000 need not pay any tax.

For Resident senior citizen aged atleast 60 years no tax upto a income of Rs. 3,00,000

For Resident super senior citizen aged atleast 80 years no tax upto a income of Rs. 5,00,000


This Govt. looks honest and is determined to bring the old glory of India. It seems Modi ji will surely and we will all one day can say proudly "INDIA IS SHINING"

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Computation of tax as per slab rate 

AY 2019-20
AY 2020-21
AY 2021-22

Finance Bill 2018
Finance Bill 2019
Finance Bill 2020






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Guide to revised model GST Law December 2016 by Bimal Jain and Isha Bansal

By : CS K. K. Agrawal



KEY FEATURES OF THE BOOK 

• Highlights of changes in Revised Model GST Law for easy understanding 

• Constitutional Amendments and likely date of GST Implementation 

• GST - Need & Necessity, Overview and Model for India 
• Discussion/analysis on Revised Model GST Law along with its comparison with First Model GST Law 

• Analysis of meaning of the terms 'Supply','Goods' and 'Services' in GST. 

• Gist of documents, information, procedure, etc., required for migration of existing registrants in GST 

• Discussion on various domains - intra-state supply and inter-state supply of goods and/or services, principles of place of supply & time of supply, valuation of goods and/or services, GST ITC, taxable person, appeals and revision, offences and penalties, demand and recovery, GST rate, e-commerce operator, etc., along with transitional provisions. 

• Discussion on contentious issues under Revised Model GST Law which requires reconsideration 

• Discussion on flow of input tax credit in GST with illustrations and negative list for GST ITC 

• Discussion on Draft Rules and procedural aspect of GST- Registration, Payment, Invoice, Returns and Refund 

• Impact of GST on business and specifically on manufacturers, traders and service sectors and preparation required for smooth migration 

• Transitional issues under GST along with effective tools for planning. 

• Likely challenges ahead for GST implementation 

• Way forward and Procedural changes in GST 

• Contains complete Revised Model GST Law, ModeI IGST Law and Draft GST Compensation Law along with Draft Rules and Formats on Registration, Payment, Invoice, Returns and Refund as released by the Government

How to order tax books of CS K K Agrawal

By : CS K. K. Agrawal
Dear readers

At first I thank you all for appreciating my book.  We have been getting many queries on how to order tax books of CS K K Agrawal. To help you all we have made this video for you. 

Our tax books are available in both pdf edition and kindle edition.

PDF edition : Print outs can be taken. PDF books can be ordered only through taxbykk.com. Making payment is very easy. Either through paytm or through net banking. Details are given in book section.

Kindle app edition : Prints out cannot be taken. However this book can be very easily read on your mobile phone in your kindle app. Just visit amazon.in or clink this link click for all tax books of CS K K Agrawal. Payment is to be made directly to amazon. When payment is complete the books gets automatically downloaded in your kindle app.

Happy reading. 

Thanks and Regards
CS K K Agrawal
taxbykka@gmail.com











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