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shgcbhopal · 6 months

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Top B.Com. Colleges in Bhopal 2024: Rankings, Fees, Admissions, Courses, Placements

Exploring the Best B.Com. Colleges in Bhopal: Rankings, Fees, Admissions, Courses, Placements

Are you a commerce enthusiast looking to embark on a journey towards a successful career in business and finance? B.Com. (Bachelor of Commerce) remains one of the most sought-after undergraduate programs for students interested in the field of commerce, accounting, finance, and related areas. With the increasing demand for skilled professionals in these domains, choosing the right college becomes paramount. In this blog post, we'll delve into the top B.Com. colleges in Bhopal for the year 2024, examining their rankings, fees, admissions process, courses offered, and placement opportunities.

1. Sant Hirdaram Girls College, Bhopal

Website: Sant Hirdaram Girls College

Overview: Sant Hirdaram Girls College, nestled in the heart of Bhopal, stands out as a premier institution for commerce education. With a rich legacy of academic excellence and a commitment to empowering young women, this college has consistently secured top ranks in various educational assessments.

Rankings: Sant Hirdaram Girls College has earned its place among the top-ranked B.Com. colleges in Bhopal, owing to its exemplary faculty, robust infrastructure, and holistic learning environment.

Fees: The college offers a competitive fee structure, ensuring quality education remains accessible to all. Detailed fee schedules can be obtained from the college's official website.

Admissions: Admission to the B.Com. program at Sant Hirdaram Girls College is highly competitive. Prospective students are required to meet the eligibility criteria and undergo a rigorous selection process. Details regarding admission procedures, including application deadlines and entrance examinations, are available on the college website.

Courses: The college offers a comprehensive B.Com. curriculum, covering various domains such as accounting, finance, taxation, economics, and business management. Students also have the opportunity to engage in interdisciplinary learning and skill development programs.

Placements: Sant Hirdaram Girls College boasts an impressive track record of placements, with students securing coveted positions in leading companies and organizations. The college provides dedicated placement assistance, career counseling, and industry interactions to ensure students are well-prepared for the professional world.

Conclusion: Choosing the right college lays the foundation for a successful career, and Sant Hirdaram Girls College emerges as a beacon of excellence in the realm of commerce education. With its stellar reputation, state-of-the-art facilities, and unwavering commitment to academic innovation, this institution continues to nurture the next generation of commerce leaders.

If you aspire to pursue a B.Com. degree and chart a path towards a rewarding career, consider Sant Hirdaram Girls College as your gateway to success. Visit their website today to explore more about their programs, infrastructure, faculty, and admission procedures.

In the vibrant landscape of B.Com. education in Bhopal, Sant Hirdaram Girls College shines brightly as a symbol of academic brilliance and empowerment.

Disclaimer: The information provided in this blog is based on publicly available data and is subject to change. Prospective students are advised to visit the college website and contact the admissions office for the most accurate and up-to-date information.

#B.Com.

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pkcmanagementconsulting · 1 year

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Maximize Global Tax Efficiency with PKC Management Consulting's International Tax Consultant

Established in 1988, PKC Management Consulting is a leading professional services firm with 3 major verticals – Process Consulting, Audit & Assurance, and Taxation. What makes our approach distinctive is our focus on your business and its growth. Our Management Consulting services offer unique, implementable solutions to your operational problems – inadequate systems & processes, ERP challenges, revenue growth, profitability improvement, working capital reduction, cost optimization, employee productivity improvement, etc.

Location:

Chennai

27/7, Alagappa Rd Purasaiwakkam Chennai, Tamil Nadu 600084

Bangalore

310A & 310B Third Floor Sigma Central Mall, Cunningham road Bengaluru, Karnataka 560052

Bhopal

33, Geet bungalows, Phase - 1 JK Road, Near Minal Mall Bhopal, Madhya Pradesh 462023

Vijayawada

No. 2, Wahad Towers Masjid Street. Bhavanipuram Vijayawada, Andhra Pradesh 520012

#pkcmanagementconuslting #internationaltaxaccountant #taxation

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xtrsynergy · 2 years

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View our Financial Management Solutions powered by Synergy to manage your invoices, sales, purchases, inventory, taxation, and other business processes. For details give us a call at — +971–559532382 or visit — https://synergysolutions.ae/ https://synergysolution.co.in/ #xtranet #xtranettechnology #bhopal #xtranetindia #synergy #xtrasynergy #bhfyp

#Financial Management Solutions

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papertax · 2 years

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Use these Crucial Strategies to Improve Company Tax Planning

A strategy that assures a clear description of the tax functioning and the compliance of the organisation with all regulatory taxation requirements must be developed due to the considerable impact of taxes on a company's activity.

Productivity may be increased and financial operations can be made more efficient with the use of a taxation plan that is consistent with the overall corporate structure.

A key strategy for adding value to the company is to define the scope of tax activities. By using the services of a chartered accountant in Indore, a corporation can ensure that the tax functions satisfy its requirements and expectations.

Enhancing Tax Management Effectiveness:

A tax-friendly strategy that promotes better management and compliance with the tax laws is essential for effectively managing tax functions and creating value for the firm.

The tax conduct of a business must be improved to eliminate any functional abnormalities, and by taking the following actions, the entire process can be made more efficient.

Make sure all regulations are followed:

Every organization is required by law to satisfy its tax obligation. It is essential for a business to comply with the applicable tax laws in order to be aware of the necessary steps and requirements.

Being compliant with the tax rules is necessary because they are constantly changing, and to do this, it is crucial to secure the experienced advice of a CA firm to minimise any financial risks for the business.

The Best option for assistance:

Making the correct expert assistance a priority becomes crucial due to the complexity of tax rules and methods and the need to support a structure that is of utmost importance. The capability of a legal-accounting structure can be determined by the choice of CA partner as the necessity for outsourcing assistance in tax management duties becomes essential.

Selecting the appropriate partner firm for tax management becomes crucial to preventing any tax-related problems from occurring.

Putting tax governance strategies into practise:

It is crucial to adopt tax governance techniques, which include the following, in order to integrate all of the activities required for tax management and to improve the efficiency of these processes by income tax consultant in bhopal:

Complete adherence to national tax regulations

Developing tax-focused techniques for easy administration

Maintaining ideal relationships with customers and employees

Preventing any illegal tax-related activity

Make use of contemporary techniques for efficient tax assistance:

Businesses are widely implementing automation software for business function management due to developments in IT automation. Utilizing technology support in the form of tax management software can significantly improve financial administration inside an organisation by helping to handle the administrative and operational parts of business taxes compliance.

A long-term plan for maximising tax compliance:

CA in Mumbai qualified solutions to guarantee efficient tax management and total support in all financial facets.

A business has a lot to gain from having a sustainable tax management framework. Adopting a strengthened structure for tax management can ensure risk minimization and increased financial operations efficiency.

In order to advance financial administration and tax management activities, a company needs an enlist the assistance of the expert CA firms in Indore due to the national tax legislation' ever-increasing complexity and the pressures placed on corporate conduct.

Maintaining optimal business functionality is difficult, and as maintaining optimal tax management becomes more difficult, firms must enlist the help of a chartered accounting firm.

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caddcentreindoressroad · 4 years

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ies-university-bhopal-mp · 3 years

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IES Univercity, Bhopal MP

B. Sc. in Hospitality and Hotel Administration.

B. Pharmacy

BSc. Nursing

BMLT(Paramedical)

B.Ed

B.Sc.(Hons) Agriculture

B.A. (Journalism and Mass Communication)

BFA (Fine Arts)

BPA (Performing Arts)

B.Design (Fashion Designing)

B.Sc. (PCM)

B.Sc. (PCB)

B.Sc.(Computer)

B.Sc. Microbiology

B.Sc. Biochemistry

B. Sc. (Hons.) Environmental Sciences

B.Sc. (Chemistry, Botany, Zoology)

BBA

BPES(Physical Education)

B.Com- Plain

B.Com- Taxation

B.Com- Computer Application

B. Arch (Architecture and Planning)

B.Tech (Civil Engineering)

B.Tech (Computer Science & Engineering)

B.Tech (Mechanical Engineering)

B.Tech (Cyber Security)

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mpuacin · 2 years

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BBA or B.Com or BA in Economics. What’s the difference? What to choose?

Business students face a big problem. “What course should I study?” After 12th grade, the biggest challenge is choosing between the three most popular courses: BBA, B.Com, and B.A in Economics.

Confusion arises when several students do not point out any clear difference between them. Thus they cannot decide what is best for them. Although all three are closely related, there are some important differences between them. This is the difference in the structure of the program, job opportunities and admission process.

Also, this plays an important role when it comes to choosing the best private university in Bhopal to study a particular subject. As different institutions have a specific specialisation on which they strive.

Don't worry if you don't know which one to choose. We will help you make the right decision by explaining the differences as clearly as possible.

Difference between BBA, B.Com, and B.A in Economics?

A Bachelor's degree in Business Administration or BBA (also known as Bachelor of Business Management/Bachelor of Management Studies) is a degree that provides a basic understanding and practical business applications. This is an undergraduate degree in management considered to be the foundation of an MBA.

It covers different management areas such as Marketing, Finance, Startups, General Management of International Business, Human Resources, etc. You can choose to specialise in one of these areas.

The Bachelor of Commerce (B.Com) offers comprehensive courses in all aspects of business and related fields. It provides a comprehensive overview and training across all major companies. It covers finance, accounting, economics, insurance, taxation, and management, helping you build a solid foundation for a career in business and related disciplines, including CA, CS, CMA, and CFA.

Bachelor of Economics (B.A) is an undergraduate program focusing on the qualitative and quantitative aspects of economics. This degree focuses only on economic concepts that focus on areas such as inflation. Managing the resources and behaviour of supply and demand for products. It covers areas such as microeconomics. Macroeconomics, Statistics, Econometrics, and Economic History.

To learn under the supervision of the best faculty, join Madhyanchal Professional University, the best private university in Bhopal.

Subjects to study in Class 12?

BBA: This degree is open to all types of students. However, some of the best private universities in Bhopal require Grade 12 Mathematics to be eligible to apply to this program.

For B.Com: Some colleges require you to take a commerce stream in Grade 12 to be eligible. While many of the best private universities in Bhopal accept all subjects and all subjects combined. However, the B.Com Honours program requires you to study Mathematics as a compulsory subject in Grade 12.

Bachelor of Economics BA: Almost all colleges and universities that offer this program require mathematics to be eligible. Many also state that students should study economics from the 12th grade in order to apply to this program.

What is the difference between course structure and syllabus?

Below are examples of three commonly taught courses to help you understand better. We have come up with a list of subjects which you can expect to study if you choose between any three of the disciplines in Economics.

Bachelor of Business Administration (BBA)

● Fundamentals of management and organisational behaviour

● Business Decision Statistics

● Business relationships

● Principles of Marketing

● Accounting Administration

● Business Studies

● Human Resource Management

● Financial management

● Quantitative techniques for management

● Commercial law

● Management policies and strategies

● Financial institutions and markets

B.Com

● Financial account

● Cost

● Human Resource Management

● Income tax laws and practices

● Commercial law

● Accounting firms

● Company Law

● Management principles and their applications

● E-Commerce

● Audit and corporate governance

● Business mathematics

● Financial management

Bachelor of Economics

● Introduction to Microeconomics

● Mathematical methods of economics

● Economic Statistical Methods

● Introduction to Macroeconomics

● Indian economy

● Economic growth

● General economy

● International Economy

● Applied econometrics

● Political economy

● Financial economics

● Economic history of India

What are the chances of continuing the study for each course?

BBA Postgraduate Education Options

This is because a BBA program is essentially a business course. Most students go on to an MBA after graduating with a BBA degree. The most popular fields of study during an MBA are sales, marketing, finance and general management. Other fields include International Business Operations, Management, HR, Strategy and IT Consulting.

Some students choose to pursue a three-year law degree after completing their BBA program. As it is a professional course you cannot pursue degree programs such as M.Com and M.A Economics in most of the best private universities in Bhopal.

B.Com Postgraduate Education Options

After graduating with a B.Com degree, many students take specialised courses such as CA, CMA, CFA, and CS because of the areas that focus on their business studies, students usually complete a master's degree in accounting or finance. Example: Master of Commerce (M.Com), Master of Finance, Master of Accounting. Many students start their career in banking and pass entrance exams to become bank Managers/PO.

Moreover, MBA is another popular option because it gives people the flexibility to choose a particular group. Some students also choose law as a field after graduation from the best private university in Bhopal.

BA Economics Postgraduate Education Options

A bachelor's degree in economics is usually followed by a master's degree in applied economics/economics followed by a doctorate in economics. There are also many options in the social sciences such as rural studies, Education development, public policy and management where economics graduates can succeed.

If you have good numerical and analytical skills, you can take specialised courses such as calculus. Many students pursue an MBA in Finance or an MBA in Economics after completing their BA Economics degree from the best private university in Bhopal.

Conclusion

Now I hope you have a better understanding of the difference between the three. If after Grade12 you are still unsure of your career choice and which course is right for you? If you are unable to decide on the best private universities in Bhopal? Seek professional help.

Also Read: Best Private College in Bhopal

#Best Colleges #Best University in Bhopal #best university in india

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careercollege · 3 years

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Top College in Bhopal| Top MBA College in Bhopal

‘The Career College’: Maintaining a League of Its Own!

Career College, Bhopal

Career College is an esteemed educational institution in Bhopal, MP, founded in 1970 by Shri Vishnu Rajoriya, the visionary chairman of the Career Society. We have been accredited A+ grade by ‘The National Assessment and Accreditation Council’ (NAAC). It is the only college in Bhopal with Personality Development and Assessment Cell (PADC) and Student Satisfaction Research Unit (SSRU).

We are privileged to receive financial assistance to establish an E-Yuva centre by BIRAC, DST MHRD Govt. of India. The E-Yuva programme encourages innovative minds with novel ideas. It provides assistance and aids research in required areas to transform these innovative ideas into working models.

An institution with nine multi-storey buildings spread across 4 acres of greenery. The college provides a perfect environment for young minds to flourish. The different institutions under the umbrella of Career Group of Institution are Career College, Career College of Law, Career College and School of Nursing and Career College of Management. In addition to these institutions, there are graduation and post-graduation courses in commerce like M.Com (Marketing Management, Financial Analysis and Control, Accounting, Taxation) & B.Com (Honours, Applied Economics, Computer Application, Tax Procedure and Practice, Foreign Trade Practices and Sales Management, Tour and Travels Management, Advertising, Sales Promotion and Sales Management, Office Management and Stenography, Principles Practice and Management of Insurance), B.B.A, (Human Resource Management, Marketing and Finance). In the stream of science, the institution provides Computer Science and Life Science with various U.G and P.G programs like BCA and B.Sc. in CS, IT, PCM, Electronics, Biotechnology, Biochemistry, Microbiology and CBZ. In M.Sc. The institution offers specialization in Computer Science, Chemistry, Physics, Maths, Botany, Zoology, Biotechnology and Microbiology. Paramedical and Library Science courses are also conducted successfully. Chemistry, Computer Science and Commerce Departments are involved in high impact research and has been recognized by Barkatullah University.

The onset of Covid-19, dramatically changed the programme of the graduating batch. The campus recruitment and training department with its effective placement-oriented programme moved into the digital world. This endeavour has proved to be a success when the Fortune magazine highlighted that more than 40 companies from its Fortune 500 list had undertaken its campus placement process through digital assessment alone.

Meanwhile, the college quickly restored its commitment in imparting knowledge through online classes. Teachers were trained in optimal use of technology to ensure that students continue to learn and engage. A Pandemic defines uncertain times! Easing the tension among parents and students the college management and teachers played its role with full dedication.

Considering the current trends, the edification system of Career College now aims to develop students’ skills to meet the demands of the professional world. In short, the institute looks forward imperatively to bridge the gap between industry requisites and theoretical learning. ‘The Career College’ has efficiently been working to find and implement innovative mechanisms to nurture students to brace the changing scenario in the employment arena.

Apart from academic training, the college is also gearing up students to identify potential unconventional areas to build a career. Encouraging start-ups and how to seek funds and financial viability of ideas. India Today survey says there will be a 250 million-strong skilled workforce required by the year 2030 in order to boost the GDP of the country. Here at the Career College, we are working tirelessly to not just build individual careers but a progressive nation too.

India Today Magazine survey has for years been a guiding light for those seeking top institutions in the country. Career College was declared best in various streams by India Today Magazine survey. A reflection of our systematic methodology in teaching and grooming, the freedom to think and express has led to being recognised by India Today Magazine.

Best College for Science in M.P. (AIR 158)

Second Best college for Commerce in M.P (AIR 185)

Second Best college for BBA in M.P. (AIR 114).

Third best college for BCA in M.P. (AIR 106)

Third best college for Law in M.P. (AIR62).

In the times of digital governance, we at Career College will continue to strive in our eternal endeavours to provide not just education but holistic growth that will benefit individuals and contribute to a rising nation.

#best commerce college in bhopal

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careercollege1 · 3 years

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Best Commerce Colleges in Bhopal | Career College https://careercollegeindia.com/canteen

‘The Career College’: Maintaining a League of Its Own!

Career College, Bhopal

Best College for Science in M.P. (AIR 158)

Second Best college for Commerce in M.P (AIR 185)

Second Best college for BBA in M.P. (AIR 114).

Third best college for BCA in M.P. (AIR 106)

Third best college for Law in M.P. (AIR62).

#bestcollegeinbhopal careercollege topcollegeinbhopal bestprivatecollege privatecollege careercollegebhopal bestprivatecollegeinmp

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sageuniversitybpl · 1 year

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Best University in Bhopal for Commerce

Study at central India's Best University in Bhopal, SAGE School of Commerce & realize your career goals.

🌐 : https://sageuniversity.edu.in/bhopal-admission/

#BCom #MCom #commerce #Accounting #Finance #Banking #Taxation #SEE #SAGEUniversity #SAGEUniversityBhopal #SAGE School of Commerce #Best University in Bhopal

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pkcindia · 3 years

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PKC Management Consulting is a leading professional services firm with 4 major verticals – Management Consulting, Audit & Assurance, Corporate Finance and Taxation. What makes our approach distinctive is our focus on your business and its growth. Our Management Consulting services offer unique, implementable solutions to your everyday problems – inadequate systems & processes, ERP challenges, revenue growth, profitability improvement, working capital reduction, cost optimisation, employee productivity improvement, etc

Locations

Chennai

27/7, Alagappa Rd Purasaiwakkam Chennai, Tamil Nadu 600084

Bangalore

310A & 310B Third Floor Sigma Central Mall, Cunningham road Bengaluru, Karnataka 560052

Bhopal

33, Geet bungalows, Phase - 1 JK Road, Near Minal Mall Bhopal, Madhya Pradesh 462023

Vijayawada

No. 2, Wahad Towers Masjid Street. Bhavanipuram Vijayawada, Andhra Pradesh 520012

#PKC Management Consulting #Best Auditors in Chennai

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dlsnewsindia · 4 years

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Bhopal News: Officers also upset with 20 to 40 percent duplicate account people in every ward

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Publish Date: | Sun, 02 Aug 2020 04:14 AM (IST)

– 300 crore rupees emphasis on revenue collection, yet the flaws are not implemented

– E-municipality software also created trouble in taxation

– Total accounts of 5 lakh 50 thousand property in the city

Bhopal (Navdunia Representative). The Municipal Corporation has set a target of Rs 300 crore for the financial year (2020-21) this…

View On WordPress

#account #asdfa dfsa fda #bhopal #duplicate #Hindi news #Madhya Pradesh #nai dunia #news #officers #People #percent #upset #ward

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loyallogic · 4 years

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Madhya Pradesh Land Revenue Code, 1959: At A Glance

This article is written by Anshika Agarwal. In this article, the author has described the Madhya Pradesh Land Revenue Code of 1959 in a very detailed and analytical manner.

Introduction

Revenue generated from the taxation of land has been a primary source for India since ancient times. During the British regime, the cultivable land was taxed as per the zamindari system that incurred a catena of criticism, for it stratified India into classes namely upper class and lower class.

Post-independence, Zamindari Abolition Act, abolishing the practice of zamindari was passed by different Indian states including Madhya Pradesh, Vindhya Pradesh and Bhopal. This was followed by the constitution of a Board of Revenue by the State government via a notification dated 1st November, 1956, wherein the State government delegated the appellate and existence from the year 1959, empowering the Board to exercise the powers delegated to it

Gwalior has been appointed as the Principal seat of the Board, while Bhopal, Indore, Jabalpur, Rewa and Ujjain holding the circuit courts. The Board is regarded as the highest court of appeal in revenue concerning matters. The Code has seen multiple of amendments with the prominent ones being the amendment of 2011 and 2018.

The Code At A Glance

The Code consolidates laws related to revenue, functions of the Revenue Officers, rights and duties of land bearers, agricultural tenures and rates. Presently, the Code contains 264 sections and 3 schedules.

Applicability of the Code

Chapter 1 of the Code deals with the extent and applicability of the Act. It is applicable to the whole of the territory of Madhya Pradesh except for areas which have been recognised as reserved under the Indian Forest Act, 1927.

The office and scope of Board of revenue and Revenue Officers

The Code provides for the creation of the Board, constituting President along with two or more members appointed by State government and the office of Revenue Officers wherein office of Commissioner has been conferred with the highest authority, unless State government comes up with any direction to the contrary. The members need to be either eligible for the appointment to the post of Judge of the High Court or a Revenue Officer of a rank of not less than of a Collector, for at least a period of 5 years.

The State Government exercises a direct control over the Board and the Revenue Officers. The Board has to comply with the powers and functions conferred by the state by way of notifications. The State is empowered to create, abolish or alter the limits of divisions and districts and to appoint a Commissioner or an Additional Commissioner in each division, performing duties entrusted to them by this Code. Other revenue officers including Collectors, Additional Collectors, Tahsildars, Superintendent of Land Records are too appointed by the State.

The Code determines the scope of the duties of the Revenue Officers and precludes them from enquiring into matters outside their jurisdiction. The workmen, on the direction of the Revenue Officers can survey and demarcate the occupier’s property only if a prior 24 days notification was sent to the occupant. The Board and the Officers have been conferred with the status of Court and serves as a guardian preventing the abuse of the Court. The Board and the Commissioner, in order to meet the ends of the justice, holds the authority to transfer the cases from one Revenue Officer to another of same or a higher rank.

The Revenue Officers, in exercise of their judicial functions, can issue summons to require the presence of persons necessary for further investigations or enquiry. However, a person living outside the territorial limits of such a jurisdiction or where there is no railway communication or any other public conveyance near the residence cannot be called upon. If such a summon is not complied with, the concerned Officer may issue a bailable warrant of arrest, a fine or may direct the defaulter to present a security for the appearance. The authority follows the same adjournment procedure as followed by the Courts.

The Board is entrusted with the power to devise rules consistent with the provisions of the Code on matters of powers of Revenue officers to summon, adjourn and others. Such rules are required to be approved by the State Government followed by publication in an official notification. The proceedings follow the procedure laid in the Code of Civil Procedure, 1908, unless expressly specified by the Code.

An appeal can be made from the original order passed by a lower rank Revenue Officer to a higher rank officer. A second appeal may lie against an order passed in the first appeal by a subordinate rank officer to a higher rank officer. However, there are certain limitations associated with it, for instance no appeal can be made after the expiry of 45 days from the date of passing of the orders by Sub Divisional Officer or Collector or Settlement Officer.

The Code further illustrates the authority of the appellate body to entertain an appeal or reject it after hearing the appellant. On the acceptance of an appeal the appellate authority hears both the parties and then decides upon the matter by either reversing the appeal order or directing further investigation.

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The Concept of Land Revenue

The Code defines every land including standing and flowing waters, mines, quarries and subsoil as the State’s property. The matters in regard with the dispute with the State are decided by Sub Divisional Officer. If a party remains aggrieved by the order passed, then a civil suit questioning the validity of the order can be instituted. The State, being the owner, receives revenue from all the land except for the land exempted by the State Government by a contract or a special grant. The land with respect to “uneconomic holding” used for the sole purpose of agriculture is exempted from land revenue.

Assessment of the land

The assessment of revenue is done on the basis of the purpose to which land is put into use. If the purpose of the land used gets shifted or diverted, then the land will be assessed on the basis of the diverted purpose and in such a case the Sub Divisional Officer can even impose a premium or diversion. However, no such premium is imposed when the purpose is diverted to a charitable use.

Revenue Survey and Rent Settlement

The revenue survey operations for non-urban areas are conducted under the control of a Settlement Officer appointed by the State. The Code defines revenue survey as the process of dividing the land into survey numbers and grouping them into a village, soil classification, preparation of field maps and preparation of records of rights. The Settlement Officer is authorised to demarcate these survey numbers and group them. The Officer may further subdivide these survey numbers into subdivisions or may divide two villages to constitute one and vice versa.

The revenue survey is followed by the determination of the revenue payable for the land which is termed as Settlement by the Code. The Settlement Officer is empowered to put forward the rates assessed before the State for the approval. The State may, however, approve them. The fixation of the rates would be on the principle of fair assessment.

Post such an assessment the settlement term commences from the beginning of the revenue year. The settlement term is fixed by the State and cannot be less than thirty years. However, the term can be reduced if the State government feels fit seeing the general conditions.

Provision of Land Record

The Code provides for the preparation of a field map demarcating the boundaries of survey numbers and the areas occupied by the private holders in case of a village. The Settlement Officer or the Collector would revise the maps from time to time. It also necessitates the preparation of the rights of record during a revenue survey that majorly consist the details of occupants including their names, plot numbers.

The process also requires a preparation of a field book called land records, apart from maps and record of rights. The book consists of two parts wherein Part 1 deals with rights and encumbrances on the holdings and Part 2 deals with recovery of revenue in respect of encumbrances on the holdings. The names enrolled in the record of rights are mandatorily required to maintain a field book.

Collection of Land Revenue

Section 138 of the Code provides with the list of people liable to the payment of the revenue, including a Bhumiswami or a lessee. In case, a holding is occupied by more than one such occupant, then there will be a joint and several liabilities on the part of the occupants to make payment. The revenue is payable on the first day of the revenue year instalments as per the rules devised by the State. A failure to comply with the dates of payment forms arrear and person responsible is known as defaulter. If such a payment is not made within one month of the prescribed date then a penalty is imposed upon the defaulter.

The Concept of Government Lessee

The Code defines Government lessee under section 180 of Code as the holding of the State Government’s property or the person to whom the government has granted the right to occupy. The set of people holding land as an ordinary tenant, special tenant or as “gair khatedar tenant” as defined in the respective of Madhya Bharat Land Revenue and Tenancy Act, 2007, Vindhya Pradesh Land Revenue and Tenancy Act or Rajasthan Tenancy Act are included under the purview of government lessee.

The Code outlines certain right and liabilities of a lessee that majorly includes conforming with the terms and conditions set by the government. Any contravention by expiration of the period of rent term or using land for purpose other than it was allotted would amount to the ejection of the lessee from the premises by the Revenue Officer.

Unoccupied Lands

The Code further speaks about land that has remained occupied needs to be recorded in every village and urban areas. The Collector is authorised to distinguish such lands and use them for public purposes. However, a land cannot be set aside for public purpose if it is in disharmony with the development plan of the State. The Sub Divisional Officer is placed in charge of preparing a management scheme called Nistar Patrak, outlining the management policies of the unoccupied lands in the village.

The Code further provides that all the fruits bearing trees planted by the people on such unoccupied land, before the commencement of the Code, would continue to benefit or enjoy the entitlement without paying any royalty to the Government.

Conclusion

The Code concludes with some of the miscellaneous yet relevant provisions concerning the exclusive jurisdiction of the revenue authorities, inspections of maps prepared by the Revenue Officers. The Schedules ending the Code provides with a framework of rules that the authorities are supposed to follow. The first schedule illustrates the rules of procedure to be followed by the Revenue Courts for issuing the summons by determining the modes, laying the principles of sale of immovable property in brevity. The other two schedules provides with the notifications as may be released by the State Government from time to time regarding the varied aspects of other laws as well.

The Code hence consolidates all the laws regarding the revenue related matters into a Code, which we call as Madhya Pradesh Land Revenue Code, 1959. The provisions embody all the important aspects in the area of the revenue to ease out the administration of land revenue system in Madhya Pradesh.

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papertax · 2 years

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These 5 new Income Tax rules are applicable from 01st April 2022

Filing of updated return

A new income tax provision has been passed to correct any errors or unreported income that resulted in the person paying less tax in the previous tax return. The revised return can be filed after the conclusion of the relevant assessment year but before the end of the two-year period.

TDS on perquisites to businesses (Section 194R)

A new TDS rule specifies that anybody who gives perquisites or benefits in lieu of the usual monetary consideration due to a resident for carrying on business or exercising a profession by such resident must deduct tax (TDS) before delivering such benefit or perquisite. The clause will take effect on July 1, 2022.

If the total value of the perk or benefit granted throughout the year exceeds Rs 20,000, the individual must deduct 10% TDS on the value of the perk or benefit. Individuals and HUFs, on the other hand, are not required to deduct TDS if their total business sales or gross income from the profession are less than Rs 1 crore or Rs 50 lakh respectively, throughout the year.

New rules on EPF interest

With effect from 1st April 2022, if an employee's contribution to a provident fund account exceeds Rs 2.5 lakh during the fiscal year, the interest received on the excess contribution is taxable in the employee's hands year after year. Currently, every amount contributed to an EPF account earns tax-free interest. Contact the best CA firm in Indore and Mumbai.

Tax on Crypto

In the Union Budget 2022, the government proposed a new provision for crypto currency taxation. Virtual digital assets include crypto currency and non-fungible tokens (NFTs). Anyone who transfers virtual digital assets is subject to a 30 percent tax on the profit earned plus cess and surcharges. There are no other costs that may be subtracted from such profit except the acquisition cost.

Furthermore, losses from crypto transfers cannot be offset against other sources of income to lower the tax burden, and such losses are not eligible for carrying forward to subsequent years. Further, losses from one class of crypto-asset cannot be offset by gains from another class of crypto-asset. In the hands of the receiver, gifts in the form of crypto currency are also taxable.

Tax Relief for Covid Treatment

Tax exemption has been offered to people who have received money for Covid medical treatment, according to a press release issued in June 2021. Similarly, money received by family members on the death of a person owing to Covid will be exempt up to Rs. 10 lakhs if the payment is received within 12 months of the death. This change will take effect retrospectively from April 1, 2020.

These are the 5 rules that you must consider while planning taxes for Financial Year 2022-23

Contact for tax consultation in Indore, Bhopal, Jabalpur, and Mumbai.

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