bank account closing letter

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Inviting comments on the draft of the new CA course


Sub Inviting public comments on the draft of the proposed syllabus under the Revised Scheme of Education and Training which has been notified for public comments The draft amendments in the Chartered

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At 7.6% GDP growth India is the fastest growing large economy


India continues to remain a bright spot in world economy with robust macro economic and fiscal parameters Together with GDP growth of 7 9 in Q 4 of 2015 16 and 7 6 in the whole of 2015 16 The Provisio

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Accounting code for payment of Krishi Kalyan Cess


Circular No 194 04 2016 ST F No 354 31 2016 TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit To Principal Chief Commissioners of Customs and Central Excise All Princ

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Total 2891 kg gold collected under Gold Monetisation Scheme


Finance Ministry reviews the progress of Gold related Schemes Total gold collected under Gold Monetisation Scheme GMS is 2891 kgs Banks asked to put concerted efforts to mobilize more gold under the G

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Big Boost to Ease of Doing Business- Passing of Bankruptcy Code


Big Boost to Ease of Doing Business Passing of Bankruptcy Code Code is a comprehensive and systemic reform which will give a quantum leap to the functioning of the credit market and would take India f

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Experts Opinions

Formation of Co operative bank


can anyone please let me know the complete procedure for Formation of Co operative bank How much time it will take

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Bank audit


Dear sir during stat audit of a co operative bank I came to know that loan limit against immovable property of one borrower has been extended Earlier franking was done on mortgage deed of Rs 40 lacs e

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Prohibited capital account transaction rules 2015 -3rd amend


In the Foreign Exchange Management Permissible Capital Account Transactions Regulations 2000 in Regulation 4 in sub regulation a for the existing provisos the following shall be substituted No person

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Interest on bank overdraft


Dear Sir can you please share a file of interest calculation on Bank Over draft at samsrikvsk gmail com

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Tds on interest paid to hdfc bank for vehicle loand


One of my client were took Vehicle Loan from HDFC Bank Ltd and he paid interest with principle amount as EMI base is he liable to pay TDS on Interest u s 194A for f y 2016 17

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Discussion

Pf monthaly return filling and open new pf account for new joinee

Hello Sir Madam I have joined a IT Company as an Accountant and I have to file monthly PF return and also i have to create new PF Account for new joinee Please guide me step by step Also advise me wha

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Eligibility criteria for bank audits

Please guide for eligibility criteria for bank audits for a chartered accountant can a single chartered accountant take bank audits

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Accounts

Dear Friends I have to sign the Branch office of Foreign company for the year 2015 Jan to Dec 1 I have to follow which format accounts 2014 15 or 2015 16 2 Caro 2015 or 2016 Kindly explain

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Received cash on account sale of property

I am Selling Flat Agreement Value Rs 49Lakh Received Chq Rs 44Lakh and Cash Rs 5Lakh liable anyPenalty for Property Transaction in Cash as per nea rule w e f 1 6 2015

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Accounting for foreign exchange

What would be the proper accounting entry and overall accounting treatment for purchase of foreign exchange

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  • IND AS 23-Borrowing Costs

    Borrowing costs that are directly attributable to the acquisition construction or production of a qualifying asset form part of the cost of that asset Other borrowing costs are recognised as an expense An entity shall apply this Standard in accounting for borrowing costs The Standard does not deal with the actual or imputed cost of equity including preferred capital not classified as a liability

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  • IND AS 20-Accounting for Government Grants and Disclosure of Government Assistance

    This Standard shall be applied in accounting for and in the disclosure of government grants and in the disclosure of other forms of government assistance

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  • IND AS12-Income Taxes

    The objective of this Standard is to prescribe the accounting treatment for income taxes The principal issue in accounting for income taxes is how to account for the current and future tax consequences of a the future recovery settlement of the carrying amount of assets liabilities that are recognised in an entity s balance sheet and b transactions and other events of the current period that are recognised in an entity s financial statements

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  • IND AS16-Property, Plant and Equipment

    The objective of this Standard is to prescribe the accounting treatment for property plant and equipment so that users of the financial statements can discern information about an entity s investment in its property plant and equipment and the changes in such investment The principal issues in accounting for property plant and equipment are the recognition of the assets the determination of their carrying amounts and the depreciation charges and impairment losses to be recognised in relation to them

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  • IAS 17 Lease

    The objective of this Standard is to prescribe for lessees and lessors the appropriate accounting policies and disclosure to apply in relation to leases

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Articles

Taking a Loan? What should you choose: A Bank or an NBFC?


Middle class is growing at a fast pace and so are their needs and demands They have better jobs and salaries This class is improving their lifestyle drastically whether by buying a car or a house But


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FAQs on the Insolvency and Bankruptcy Code


1 What is applicability of Bankruptcy code Provisions of Bankruptcy code are applicable to individuals companies limited liability partnerships and partnership firms 2 What are the benefits of Bankrup


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Practical Guide to Consolidation of Accounts


The more you learn you learn that you still have lot to learn Did you know Before Companies Act 2013 only listed company was required to do Consolidation AS 21 says that if a company is required to do


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Civil Services as a Career for Young Chartered Accountants


TheCivil Servicesis the permanentbureaucracyof theGovernment of India The civil service system is the backbone of the administrative machinery of the nation Civil Services offer an attractive and chal


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Books of account


Books of Account etc to be kept by Company Section 128 of Companies Act 2013 Rules 2A 3 4 of Companies Accounts Rules 2014 Sub section 1 states 1 Place of keeping Books of account Books of account oth


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Updated on : 6/6/2016 6:48:17 AM


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