cs executive objective questions

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CSR Spends on Swachh Bharat CESS


As per Union Budget 2016 2017 the estimated amount to be collected from Swachh Bharat Cess during the year 2016 17 is10 000 crores However there is no proposal of the Government to mandate Corporates

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Road Map for implementation of Indian Accounting Standards


The Road Map for implementation of Indian Accounting Standards Ind AS for commercial Banks Banks Insurance Companies Insurers and Non Banking Financial Companies NBFCs was announced on 18 01 2016 and

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CBDT releases detailed direct taxes data


CBDT releases Direct Taxes Data PFA the enclosed attachment to view the detailed data on the following aspects as mentioned below Income Tax Department Time Series Data Financial Year 2000 01 to 2014

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ICSI requests MCA to waive additional fees in MCA portal


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ICSI sends letter to MCA on difficulties in accessing MCA Portal


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Experts Opinions

CS annual membership fees


last yr i have paid CS membership fees in excess Rs 875 This yr i want to make only balance fees due However the amount box is showing fixed amount of fees which i am unable to change so how could i m

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Tcs on motor vehicle cash sale less then 10 lakh


Please confirm If we sale motor vehicle of Rs 5 lakh in cash then should we have to collect 1 tcs on said sale

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Tcs of 1% on purchase of car


Please clarify the applicability of the 1 TCS on purchase of car exceeding Rs 10 lakhs and purchase of any goods and services exceeding Rs 2 lakhs Does in both the cases the minimum limit is exceeding

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Tcs tax


As per Finance Act 2016 sub section 1D of Sec 2016 TCS has been imposed on cash sales of goods or service w e f 01 06 16 1 on value in exceeds Rs 2 00 Lacs 1 we have whole business in Raw Maize 2 We a

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Tcs on cash sales


Respected Experts Let me know what we do on the following situations 1 Cash sales to a party on different dates i e 4 5 16 Rs 55450 00 10 05 16 Rs 89750 00 14 5 16 Rs 111750 00 17 5 16 Rs 33710 the to

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Discussion

Celebration of PCS Day

Dear Professional Colleagues Sub Celebration of PCS Day You may be kindly aware that on 15 June 1988 the Company Secretaries in Practice were accorded recognition for Certifying the Annual Returns und

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All about Changes in TDS & TCS w.e.f. 01.06.2016

ALL ABOUT CHANGES IN TDS RATES b at the rates in force where the payee is a non resident not being a company or a foreign company w e f 1st June 2016 12 Section 194LBC is proposed to be inserted where

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Cot dealer under cst purchase applies form c

Dear all COT Dealer registered in Karnataka State and Executes Works Contract Construction work can purchase materials InterState against Form C 2 Please share as it is very urgent Please share the re

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Statistics

ARRANGE THEDIMENSIONS OF BAR DIAGRAM CUBE DIAGRAM PIE DIAGRAM LINE DIAGRAM IN SEQUENCE

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Is tcs provision under section 206c (1d) applicable for tuition fee received in cash

Can any one suggest me that my entity is an educational institute and students are paying tuition fee which is more than Rs 2 00 000 in cash at the time of admission they will bring the cash we will g

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  • IND AS 24-Related Party Disclosures

    The objective of this Standard is to ensure that an entity s financial statements contain the disclosures necessary to draw attention to the possibility that its financial position and profit or loss may have been affected by the existence of related parties and by transactions and outstanding balances including commitments with such parties

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  • IND AS 21-The Effects of Changes in Foreign Exchange Rates

    An entity may carry on foreign activities in two ways It may have transactions in foreign currencies or it may have foreign operations In addition an entity may present its financial statements in a foreign currency The objective of this Standard is to prescribe how to include foreign currency transactions and foreign operations in the financial statements of an entity and how to translate financial statements into a presentation currency

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  • TCS on cash sale of goods or services

    a brief note on TCS on cash sale of goods or services whcih has been made applicable from 01 06 2016

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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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Articles

TCS on cash sale of goods or services


Finance Act 2016 imposedTCS on cash sale of goods or serviceswith effect from 1 6 2016 New Sub Section 1D of Section 206C is as follow Every person being a seller who receives any amount in cash as co


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FAQ : TCS on sales of Goods and Services for value more than 2 lacs


Solutions to Frequently Asked Question on TCS For amendment in Section 206C sub section 1D of the Income Tax Act 1961 for Sale of Goods or Provision of Service of value exceeding Rs 2 00 000 Act Every


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FAQ on TCS on Motor Vehicle Rs.10 Lakhs more


Solutions to Frequently Asked Question on TCS On amendment in Section 206C sub section 1 of the Income Tax Act 1961 for Sale of Motor Vehicle of Value exceeding Rs 10 00 000 Finance minister Mr Jaitle


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TCS on sale of Goods and Services


Section 206C Tax Collected at Source TCS is the Tax Collected at Source by the seller collector from the buyer collectee Every person being a seller shall collect tax at source TCS from the buyer of g


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CSR Reporting - Creating a liability for an asset


Section 135 of the Companies Act 2013 Act deals with the provisions of Corporate Social Responsibility CSR and requires every company that comes under the purview of the mandatory spend to spend on CS


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Updated on : 6/4/2016 11:48:18 AM


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