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Basic conditions to identify Residential status

By on January 16, 2012 in Elements of Direct and Indirect Taxes

Residential status An aseesee can be classified under the following three residential statuses under income tax act.  Resident and ordinary resident (R and OR)  Resident but not ordinary resident (R but NOR)  Nonresident (NR)   Basic conditions on which the residential status of an Assessee can be determine When an individual will be considered as [...]

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Basic definitions in DIRECT INDIRECT TAX

By on January 16, 2012 in Elements of Direct and Indirect Taxes

SOME OF THE BASIC DEFINITIONS IN DIRECT INDIRECT TAX 1.  Person  2(31) Person includes : a) individual b) Company c) Hindu undivided family d) Body of individual e) Local authority f) Any other legal approved association 2.   Assessee 2(7) The person who are liable to pay tax are called “Assesses” under section 2(7). “Assessee means [...]

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EXAMINATION PROCESS & A.T.K.T. RULES OF B.M.S.

By on August 19, 2011 in University Alerts

Examination will be held as per Semester System prescribed by Mumbai University, i.e. at the end of every Semester the examination will be held for the specified subjects. Examination procedure and standards prescribed for passing for B.M.S. REGULATION 4166 I. PASSING STANDARD AND PERFORMANCE GRADING : PASSING STANDARD A student shall have to obtain a [...]

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10 Reasons Why Profs Dont Correct BMS Papers !

By on July 16, 2011 in Articles

  1) Ambiance : If you are asked to rot in an unmaintained room with even the ceiling fans making noise in hot mumbai summer, would you still sit there? Lets just say he Ambiance of University is  not that motivates the teachers to correct your papers.  2) Treated as Assemly line workers :  MU [...]

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Second cut-off list puts BMS aspirants into a dilemma!

By on June 25, 2011 in University Alerts

BMS Cut offs of top leading colleges of the year 2011 is quite high compared to last year. The percentage difference between 1st and 2nd merit list of City colleges like KC, Xaviers, NM, Jai Hind and so on ranges between 1 to 3 percent. BMS aspirants who have scored more than 78-80% in their [...]

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BMS 2011 College Cutoff List

By on June 21, 2011 in Cut-off Alerts

Presenting the BMS cut off percentages in Mumbai Colleges for the year 2011: First Merit List:- H.R. College Arts – 88% Science – 90.67% Commerce – 92.3% Jai-Hind College Arts – 85% Science – 91% Commerce – 93% K.C. College Arts – 85% Science – 87.50% Commerce – 88.83% Ruparel College – Science – 80.66% [...]

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Scheme of BMS Examination

By on June 20, 2011 in University Alerts

The examinations shall be conducted at the end of each Semester. A Theory paper shall carry 100 marks. The evaluation of the performance of the students in theory papers shall be on the basis of both internal assessment (40%) and semester end examination (60%). Internal evaluation shall be on the basis of class assignments, group [...]

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Passing Standards in BMS

By on June 20, 2011 in University Alerts

I. PASSING STANDARD: A student shall have to obtain a minimum of 40% marks in aggregate for each theory paper (where the theory paper consists of Internal Assessment & Semester (End Examination) with minimum of 40% marks (i.e. 16 out of 40) in the Internal Assessment & 40% marks in the Semester end Examination (i.e. [...]

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Rise in BMS Cut-off list 2011

By on June 20, 2011 in University Alerts

According to reports, there is a Rise in BMS Cut-off list this year. To get into Top BMS colleges, students who have scored above 80% also have to struggle hard as the applications for BMS course is above 600 although the seats in every college for BMS is only 60. Compared to last year, the [...]

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200 marks TYBMS Projects Network by BMS Alumni Experts

By on June 14, 2011 in Projects

Hey all TYBMS students!! With colleges beginning in full swing wherein you enter an Important Year in BMS – TY, many of you would begin searching topics, collecting data and approaching various companies and people assisting you to prepare your Project Reports. We present you a NEW Section where you would find the Best of [...]

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