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This document serves as a will for a married testator, outlining the creation of generation-skipping trusts for their descendants, employing generation-skipping tax exemptions for estate planning
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How to fill out form 108
How to fill out FORM 108
01
Obtain FORM 108 from the designated authority or website.
02
Read the instructions carefully before starting to fill out the form.
03
Fill in your personal information in the required fields.
04
Provide details about the purpose of the form in the designated section.
05
Make sure to include any additional information or attachments if necessary.
06
Review your completed form for any errors or missing information.
07
Sign and date the form where indicated.
08
Submit the form as instructed, either online or in person.
Who needs FORM 108?
01
Individuals or entities that need to report certain information to a regulatory body.
02
Businesses that are required to comply with specific regulations.
03
Anyone seeking to apply for permits or licenses that require FORM 108.
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People Also Ask about
Is there any time limit for Articleship transfer?
Articleship Transfer Norms in the 1st Year In the 1st year of Articleship, there is no restriction on transfer of Articleship and a CA Student can take a transfer from one CA to another CA without any prior permission of ICAI.
What is Form 108 in CA?
ICAI Form 108 is a form which is required to be submitted by an article assistant on completion of full period of articleship. All details pertaining to articleship are required to be mentioned in Form 108. The time spent by a CA Student in different work areas are also required to be mentioned in the Form 108.
What is the minimum stipend for industrial training?
The minimum stipend is INR 15,000 per month, but some industries offer up to INR 50,000 depending on the role and company.
What happens if I submit form 108 late?
In case there is delay in filing form 108 due to some genuine reason, the simple procedure for condonation of delay mentioned in form 108 may be complied immediately. The Students are required to send form no. 103 within 30 days from the date of commencement of articles training under a practising Chartered Accountant.
What is the due date for Form 108?
Form - 108 has to be submitted within 30 days from the date of completion of articles. If the form is not submitted within 30 days, then condonation fee is payable. The details of such condonation fee are as follows : Delay upto 30 days from the completion of time limit of 30 days - 100.
What is the form for Articleship extension?
Extension of Articleship Excess Articleship Leaves The supplementary deed in duplicate along with Form 108 or Form 119 as the case may be for the period already served should be sent so as to reach the Office of the Institute within 60 days of the expiry of the normal term of articles.
When to submit form 108?
Form 108 is only required to be submitted on completion of the full period of articleship. In case a CA Student takes a transfer before the full period of articleship, in such cases Form 109 would be required to be submitted with ICAI.
What is MIT in form 108 ICAi?
MIT is a person under whom one is registered for Industrial Training.
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What is FORM 108?
FORM 108 is a tax return form used in India for reporting income earned by professionals and business owners under the Income Tax Act.
Who is required to file FORM 108?
FORM 108 is required to be filed by individuals who are engaged in a profession or business and have opted for the presumptive taxation scheme under Section 44ADA of the Income Tax Act.
How to fill out FORM 108?
To fill out FORM 108, taxpayers must provide details of their income, expenses, and deductions related to their profession or business, along with required personal information.
What is the purpose of FORM 108?
The purpose of FORM 108 is to provide a simplified method for certain professionals and business persons to report their income and calculate their tax liabilities under the presumptive taxation scheme.
What information must be reported on FORM 108?
FORM 108 requires the reporting of income from the profession, details of any deductions, and information related to other sources of income as applicable.
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