fifo method

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FM asks Income tax officers to use non intrusive methods of investigation


Finance Minister Asks Officers of Income Tax Department to Maximise the Use of Non Intrusive and Innovative Methods of Investigation Calls for Training for Upgradation of Skills and Need for Capacity

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ICAI-President's Message - January 2014


Dear Friends Bharat Ratna and Nobel Laureate Nelson Mandela has passed away a person who stood for peace and against racial discrimination and who got inspired by our Father of the Nation and his nonv

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CBDT Circular on application of profit split method


CBDT Circular on application of profit split method Dated 26 3 2013 Circular No 2 2013

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ICAI-President's Message - October 2012


Dear Friends I find it quite apt at present to remember the father of our nation Mahatma Gandhi and his never ending trust in nonviolent method of protest and struggle Violence begets violence Those w

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The Depreciated Replacement Cost Method of Valuation


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Experts Opinions

Different methods of depreciation for differnt units


Hi One of our client company merged with its 100 subsidiary Before merger both were following different methods of depreciation i e WDV Holding and SLM subsidiary Now in the books after merger the com

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Computation of working capital requirement under pat method


Dear members as per recent trend in the banking the working capital requirements up to 10 lakhs in case of SSI is done as per Projected Annual Turnover PAT method as per the Nayak committee recommenda

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Depreciation calculation as per ca 2013 on wdv method


if We haven t the bifercation of WDV or actual purchase amount and Date if a company is 30 40 years old they had calculated depreciation by clubbed opening WDV for Addition Deletion seperatly the next

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Urgent query -depreciation method


sir madam If a co follows i t depr rate as its depr method for accounts purpose also not depr method as per Co act 56 til 31 03 2014 so whether the co can continue with the old practice or it has to f

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Perfect method of record keeping of cash expenses....


Perfect Method of Record Keeping of Cash Expenses i want to know how to keep records of small cash expanses like bhada expenses Tea Snacks Expens if all r paid in cash if one is keeping it in excel sh

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Discussion

Urgent query - depreciation method for f.y 14-15

sir madam If a co follows i t depr rate as its depr method for accounts purpose also not depr method as per Co act 56 til 31 03 2014 so whether the co can continue with the old practice or it has to f

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Urgent query: useful life method_new companies act

Is it mandatory for all companies to follows useful life method for depreciation w e f FY 2014 15 as per new companies act 2013

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Accrual method on tds

I want to know how do I find out if my Bank is deducting TDS on FD with interest payable on maturity and FDs with Interest payable monthly every Financial Year or they are going to deduct TDS on FDs w

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Method of charging salary

whether salary can be charged on cash basis or it is chargeable on cash basis or accrual basis whichever is earlier

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As-2 : different methods of weighted avg cost concept

The Inventory valuation policy of a co is In respect of raw material components loose tools stores and spares cost means weighted average cost Refer para 16 and 17 of AS2 which interalia provides that

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  • Investment Banking Book

    The first edition of Investment Banking appeared in 2010 and I am encouraged to launch its 4th edition in about 51 months from the initial beginning The success of the previous editions made me more determined to build further on its contents to provide the readers bankers analysts students professors with more at the desk practical reference material I believe that the book appeals to readers around the globe as it advocates the logical approach and universal fundamentals The book has been expanded updated and improved with growing experiences of training and working in the investment banking sector The book has been updated and expanded with a try to make it more reader friendly To make the book easier to navigate we have broken up long chapters from the previous edition into shorter chapters so that each chapter is of a more manageable size and the reader can find important topics faster An important addition to the book is inclusion of income based valuation method i e DCF Valuation that has a wide range of applications including valuation for various M A situations IPOs restructuring and investment decisions

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  • Depreciation under wdv as per Company Act 2013

    Depreciation working under wdv method as per company act 2013

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  • Important changes under Central and State Tax Laws

    The following are the important changes under Central and State Tax Laws with effect from 1st April 2015 1 Conveyance Allowance Transport allowance granted to an employee is exempted up to Rs 800 per month The limit of exemption is now enhanced to Rs 1600 per month 2 Profession Tax Those whose salary for a month was more than Rs 10 000 were supposed to pay Profession Tax of Rs 150 per month Now from 1st April 2015 the persons drawing salary up to Rs 15 000 per month are exempted from Profession Tax Applicable for Bangalore 3 Profession Tax exemption for senior citizens who have attained age of 60 Years Applicable for Bangalore 4 Wealth Tax Is abolished from 1st April 2015 Keep all the wealth tax papers of past 8 years in safe custody even though wealth tax is abolished from FY 2015 16 5 Mediclaim Insurance The premium paid towards mediclaim insurance is enhanced from Rs 15 000 to Rs 25 000 per year for senior citizen it is enhanced from Rs 20 000 to Rs 30 000 per year u s 80D 6 Basic Exemption Limit for VAT registration in Karnataka Now the traders who expect to do annual taxable turnover sales of less than Rs 10 Lakhs needn t register under Karnataka VAT Laws However other aspects of registration which were applicable till March 2015 will continue to apply 7 Reverse Charge Method under service Tax Laws w r t Manpower Consultancy Currently in case manpower supply or security services is provided by individual HUF or partnership firm to a body or a corporate the service provider is liable to deposit Service Tax to the extent of 25 and service receiver liable to deposit Service Tax to extent of 75 W e f 1st April 2015 Service Tax is not required to be charged by specified service provider i e individuals HUF Partnership Firms and the same is to be paid by the service receiver entirely i e instead of 75 the service receiver has to pay 100 F No 334 5 2015 8 ESIC Payment Through Online Online payment of ESI contribution made easier Now facility for payment of ESI contribution through net banking is made available through State Bank of India and 58 major banks 9 PF Payment Made Online The EPFO payment has been made online Mandatory effective from 1st May 2015

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  • Depreciation Template Transition 2014-15

    This file can be used for both SLM and WDV method for transition year 2014 15 only

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  • Template on Depreciation under new Companies Act 2013

    This Template can be used for WDV method Transion year 2014 15 Feedback is welcome on email sethia rishav gmail com

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Articles

Recent changes in voting methodology


Companies Act 2013 for the first time had mandated electronic voting for all listed companies and other unlisted public companies having not less than 1000 shareholders and the AGMs held for the finan


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Reverse Charge Methodology under Service tax


style2 font style italic font weight bold The responsibility to pay service Tax With effect from 1st July 2012 The Government of India has notified the concept called reverse charge Methodology A brie


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Combination of Costing Strategies and Methods


Costing methods used in combination can be used as a devastating weapon for creation of economically and social benefits But its often misunderstood and miss represented which leads to further poor un


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Various methods of Project finance


Introduction For whom is it important to understand project finance a Financial managers b Sponsors c Lenders d Consultants and practitioners e Project managers f Builders g Suppliers h Engineers i Re


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Basic methodology to succeed in CA exams


One thing that CA students love to discuss the most is How to clear CA Exams Everyone seems to have the best answer but considering the pass percentage I think the success mantra is yet to be unearthe


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Updated on : 6/25/2015 12:06:09 PM





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