financial follow up report

News

Expeditious issue of refunds is high priority says CBDT


Expeditious issue of Refunds is a High Priority for the Central Board of Direct Taxes CBDT Over 4 19 crore Income Tax Returns ITRs processed and over 1 62 crore refunds issued during the Current Financial Year up to 10th February 2017 The Centralised Processing Centre CPC of the Income Tax Departmen

Total direct tax collections up to 16th January 2017 amount to Rs. 5,76,408 crore


Total direct tax collections up to 16th January 2017 amount to Rs 5 76 408 crore the Budget Estimates fixed for direct taxes are Rs 9 80 000 crore Total direct tax collections up to 16th January 2017 amount to Rs 5 76 408 crore For the financial year 2017 18 the Budget Estimates fixed for direct tax

New Benefits announced for NPS Subscribers in Union Budget 2017-18


In a bid to provide further impetus to the National Pension System NPS the following provisions have been introduced in the Finance Bill 2017 laid down in the Parliament today Tax exemption to partial withdrawal from National Pension System NPS The existing provision of section 10 12A of the Income

Penalty on CA and professionals for furnishing incorrect information in statutory report or certificate


The thrust of the Government in recent past is on voluntary compliance Certification of various reports and certificates by a qualified professional has been provided in the Act to ensure that the information furnished by an assessee under the provisions of the Act is correct Various provisions exis

FM Arun Jaitley presents the Economic Survey 2016-17


Finance Minister Shri Arun Jaitley Presented Economic Survey 2016 17 in the Parliament today Economic Survey says economic growth to return to normal as new currency notes in required quantities come back into circulation and follow up action on demonetisation is taken The CPI based core inflation r

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Experts Opinions

Why is diligence report to be prepared


Dear All What is the purpose of preparing Diligence Report and what are its benefits Regards Zoheb

Following 44ad


The Assessee is engaged in trading business He follows 44AD of IT Act 1961 He also earns income from 2 house property So as per this he is liable for ITR 4 He paid his total advance tax in Feb 2017 itself His Gross Receipts is approx 85 lacs Questions 1 Whether he is liable to pay interest u s 234C

Consolidation of financials u/s 129(3).


As per the AS 27 if company is required to prepare the CFS as per AS 21 then company has to follow the proportionate consolidation of all the Joint ventures therefore when company do not have any Subsidiary but only Joint Venture in form the of Partnership LLP it is not required to prepare the CFS H

financial reporting framework


how to determine whether the financial reporting framework is acceptable or not

Financial investment


Hello sir madam I am looking forward to invest in Systematic Investment Plan SIP of hdfc bank Is it growth yielding and riskfree Pls advice me

Discussion

Fr ( financial reporting) may 2017

Dear All As you may be aware MCA on 30 3 2016 has amended inter alia AS 4 with regard to Proposed Dividend Now it has to be disclosed only in Notes I also know that that the above ammendment is applicable for MAY 2017 CA FINAL Exam I have 2 questions 1 Will the above ammendment have an impact on the

Project report

Project Report format regarding bricks Industry for Financial institution

Late filing of tax audit report

Can I file tax audit report for the A Y 2015 16 now If so is there any penalty on late filing Thanking u

Tds on printing of annual reports of company

Whether TDS is applicable on printing of annual reports and other stationery required to a manufacturing company Any recent changes in this regard

Certified financial planner

Can Anyone Tell Me about Certified Financial Planner CFP Course All Details Will Include the Requirements and Fees Structure Everthing That Have Its Importance In CFP Course From The Registration To The Completion And Other Carear Oriented Matters Your Efforts Will Be Highly Appreciated Please Do Re

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File Download

  • Financial Reporting

    Theory and universal principle to solve practical question of Chapter of CA FINAL FINANCIAL REPORTING PAPER
  • For CA/ CS/ CMA_DT Final_Series 2_FinanceBudget2017 Analysis

    The file contains Decoding of Finance Budget 2017 with Key Analysis and Practical Illustration Series 2 by Anuraag Singhaal CA 2005 CPA 2008 For any further clarification you can reach out at anuraagsinghaal outlook com India Finance Budget 2017 Analysis alongwith Examples In Series 2 following sections where amendments are proposed in India Finance Budget 2017 are analyzed The amendments are analyzed alongwith illustrations Capital Gains on sale of unlisted shares by non residents Section 112 Exemption of income of Chief Minister s Relief Fund or the Lieutenant Governor s Relief Fund Section 10 23C Correct reference to FEMA instead of FERA Section 10 4 Tax exemption to partial withdrawal from National Pension System NPS Section 10 12B Rationalisation of deduction for NPS for self employed individual Section 80CCD Restriction on set off of loss from House property Section 71 3A Reason to believe to conduct a search etc not to be disclosed Section 132 132A Power of provisional attachment and to make reference to Valuation Officer to authorised officer Section 132 Rationalisation of the provisions in respect of power to call for information Section 133 Extension of the powers to survey Section 133A
  • Annual Financial Statement

    Annual Financial Statement
  • IPCC Pass %

    drop a LIKE click FOLLOW B VINAY REDDY
  • ICAI Journal Feb 2017

    drop a LIKE click FOLLOW B VINAY REDDY like me on fb www fb com cabvreddy call 7569989230

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Articles

Disclosure of Remuneration in Board Report


As we are aware that MCA has issued a Notification dated 30th June 2016 Companies Appointment and Remuneration of Managerial Personnel Amendment Rules 2016 and made some major amendments in Rule 5 Disclosure in Boards Report remuneration of employees BACKGROUND Many professionals have been raising t


Filling of unaudited financial statement


BACKGROUND Many professionals have been raising question on filing of unaudited financial statement with ROC in case of adjourned meeting or non holding of AGM Situation The Companies Act 2013 mandate on Companies to file duly adopted financial statement with ROC within 30 days of date of Annual Gen


Parenting To Raise Financially Smart Children


Someones sitting in the shade today because someone planted a tree a long time ago Warren Buffet This quotation it made me think that this is what children that were taught to be financially smart turned out as adults This next made me feel that it was just not important to send children to school t


Financial Guarantees - IND-AS/ IFRS


There are many situations in businesses where a Parent Company issues some kind of written piece of paper we usually call it guarantee to a lender on behalf of its Group Companies to provide assurance for repayment of loan in case of default While making any financial statement analysis we all will


Derecognition of Financial Liabilities - IND-AS/ IFRS


As we are gradually moving towards converged IFRS known as IND AS in India in India there are some rules which have been prescribed by the new accounting standard related to de recognition of financial liabilities subject to the fulfillment of certain requirements Firstly one needs to understand wha


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Updated on : 2/18/2017 8:19:11 PM


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