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Notification issued to exempt the legal services provided by senior advocates


Seeks to amend notification No 25 2012 Service Tax dated the 20th June 2012 so as to exempt the legal services provided by senior advocates to a business entity with a turnover up to rupees ten lakh i

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New and revised standards on auditing


Revised SA 700 Forming an Opinion and Reporting on Financial Statements New SA 701 Communicating Key Audit Matters in the Independent Auditors Report Revised SA 705 Modifications to the Opinion in the

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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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Banking hours open till midnight on 31st March


In view of closing of the current financial year and to facilitate the tax payers in payment of taxes the Reserve Bank of India has issued instructions vide notification RBI 2015 16 342 dated March 17

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Experts Opinions

depreciation of seized vehicel in between one financial year


due to non payment of installment my omini car was seized by related officer so please assist me how I show in my balance sheet regarding this seized date 05 08 2015

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exercise of reserve n surplus n p & l account in consolidate financial account


A limited has acquired 70 Share of b limited in 1997 so every year reserve n Surplus n profit n loss account to be exercised to prepare consolidated financial statements

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Financial reporting- applicability of ind as for nov 2016


Are Accounting Standards applicable for Nov 2016 exams or only IND AS has to be covered Registration is of 2014 Please advise

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Hosing loan in financial statement


Respectable Experts A person purchased a house with the name of his wife but loan was taken with the name of husband and repaying the loan and interest also by husband although wife is also joint borr

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Paper 1:financial reporting


Good morning Experts please tell me the applicability of IND AS for November 2016 attempt whether one should go through only comparison with IFRS or detailed study of all IND AS Thank you

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Discussion

Financial reporting coaching

dear students always try to take fast track classes for the subject of ca final accounts this is because accounts is a subject in which more and more practice is needed by student himself rather than

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Internal financial control

If statutory audit is done from 1st January 2015 to 31st March 2016 shall statutory auditor report on internal financial control as per sect 143

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Financial reporting syllabus for nov 2016- ca final

Are Accounting standards applicable for November 2016 exams or only IND AS would be covered Please advice Registration is of 2014

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7 less-known facts about financial planning

Whenever you hear the word financial planning what comes to your mind Money and math are the two very common concepts that most people will relate to the process of financial management But managing m

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Financial news: investment banking, securities and asset man

The latest financial economic and business news and headlines from Business Standard Read the latest financial and business news headlines along with in depth stock market news analysis and investment

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  • MIS Financial format for any month end

    This is a format of MIS data for any month end and it is easy to understand

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  • RD Interest Calculator

    it s calculate interest on RD

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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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  • 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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Articles

Can you trust the online financial calculators?


Yes it is true that financial retirement calculators are simple to use Based on a few assumptions that you input on your computer about the future it instantly provides you with a number that indicate


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All about internal financial control (IFC)


What is Internal Financial Control IFC Sec 134 As per Section 134 of the Companies Act 2013 the term Internal Financial Controls means the policies and procedures adopted by the company for ensuring o


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How to identify a reliable financial advisor?


How do you determine that your financial expert is actually providing you with genuine or fake advice Can you easily trust any financial advice that you get Are you sure whether the financial advice y


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Financial Suicide - Are you committing it?


Mr Youngs Mother In Law has giftedDaamadjiRs 1 00 000 on his birthday Excited with the windfall he decides to buy the latest smartphone and invest whatever is left So he is spending Rs 50 000 and savi


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Internal Financial Control over Financial Reporting (IFCR)


Meaning of Internal Financial Control over Financial Reporting Guidance notes issues by Institute of Chartered Accountant of India on September 2015 states that Internal financial control over financi


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Updated on : 6/8/2016 6:49:13 PM


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