Hemendra's The Commerce Academy

My Dear Students,

Hemendra Sir here. 😊

Hemendra’s Commerce Academy began in 1996, and for more than 23 years, teaching CA, CS, CMA and B.Com students was not only my profession—it was my life’s biggest commitment.

Sometimes I feel, truly speaking, I have spent more time with you all than with my own family. And I say this with a full heart, because each batch, each classroom, each student has been a part of my life journey.

Even though I stepped away from teaching in 2019, my connection with every student remains exactly the same.

Today, I request all the students of Hemendra’s Commerce Academy to join this page and reconnect as HCA Alumni. It would give me immense happiness to hear from you, know about your achievements, and stay connected, just like earlier days—but in a new form.

With affection, blessings & regards

CMA Hemendra Soni
FCMA, MBA, PGDCA, ID,DFA,DISSA
Managing Partner
K B Saxena & Associates

B.Com

Dear Members,

A new video has been uploaded on “OBBA Act – Key Provisions, Compliance Requirements & Practical Understanding.”

This video explains the objective and structure of the OBBA Act, registration mechanism, applicability, responsibilities of employers, penalties, types of establishments covered, and major compliance points in a very simple manner.

Most people know the Act only from a legal angle, but in practice it impacts payroll, contractor compliance, labour audits, and HR governance, so I have tried to connect it with real compliance situations.

Requesting you to kindly watch and share your valuable feedback. Please share with HR professionals, payroll consultants, and labour-law practitioners who may benefit.

Link: (https://www.instagram.com/reel/DSDI4PoDwVW/?igsh=cWw0a2NkejFpd2Fo)

Regards

CMA Hemendra Soni
Partner
K. B Saxena & Associates
(A Cost & Management Accountants Firm)

OBBA ACT

An update. Please feel free to connect and contact. All Commerce Academicians we are here to serve for finance and business consultancy or any type of compliances

continued... Please feel free to contact and connect

CMA Hemendra Soni

An update .... and please feel free to contact and connect

Stay at Home, Stay Safe , Stay Healthy

Exams are tough but champions make it interesting with their performance. Heartiest congratulations for empowering yourself with knowledge, intelligence by clearing your CMA exams ...
Team KBS (K.B Saxena & Associates) wishes you all to fly and to reach and touch the sky with glory...
Thank you for making us feel proud...Team KBS rocks
Aatm Nirbhar Bharat
Cost Competitive Bharat..
Jai Hind...

Late Post.....but an update

The existing section code 194J (i.e. Fees for Professional or Technical Services) has been sub-divided now into two sections,
194J(a) and 194J(b),
effective from August 7 2020.

u/s 194J(a) of the Income Tax Act, is related to TDS deduction on fees for Technical Services, and

u/s 194J(b) of the Income Tax Act is related to TDS deduction on fees for Professional Services. Every person excluding an individual or a HUF, making payment to a resident for notified services, will be covered u/s 194J(a) & 194J(b) in the Income Tax Act.

Payments that are being covered u/s 194J(a)
– Fees for Technical Services
– Call center
– Royalty for sale
– Distribution or exhibition of cinematographic films etc..

Payments that are being covered u/s 194J(b)
– Professional services
– Royalty etc…

Tax Deduction Rate
– Tax deduction rate for u/s 194J(a) is 2% and for 194J(b) is 10%
– In case of payee fails to furnish PAN, he will be liable to pay TDS at the rate of 20%

Threshold Exemption Limit

In case of payment does not exceed the directed Threshold exemption limits, TDS will not be deductible.

TDS is required to be deducted if the amount of payment in a year exceeds Rs. 30,000.

However, Threshold exemption limit is not available only in the case of Fees / Commission / Remuneration paid to director of the company, other than Salary.

In consonance with the latest announcment made by our reputed Institute ( ICMAI) in respect of changed pattern of examination, I am feeling proud to launch our first edition of Strategic Cost Management – Decision Making for CMA Final students very soon.This is prepared with an objective to give confidence to all the appearing aspirants of CMA –Final and it covers full syllabus through objective type questions and short questions which will be proved as _*"Sanjeevani”*_ for their upcoming examination.
For More information student can contact at 522-4070362, 831703880, 9335223464