income and expenditure account format


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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FAQ on the Income Declaration Scheme, 2016

Circular No 17 of 2016 F No 142 8 2016 TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes TPL Division Dated 20th of May 2016 Clarifications on the Income

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The Income Declaration Scheme 2016 to open from 1st June 2016

The Income Declaration Scheme 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity to all persons who have not declared income correctly in earlier years to come forward and

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Experts Opinions

Income from renting of car

Hi Everyone My friend is in doing business of purchase of Car and gives it to rent to someone for which he receives rent of Rs 40000 p m And he does not maintain books of account for hiring of car He

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income tax query

i filed the income tax for the A Y 16 17 and got refund of 14000 now I realised that I forgot to claim 2000 TDS amount in the return what should I do now pls suggest

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Accounting treatment for eefc a/c transactions - as 11

Here is an Example Professional Fees earned by my client in currency other than reporting currency Invoice dated 27 08 2016 amounting 9000 Exchange currency rate 65 same amount is deposited in my clie

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Rental income in case of nri

Dear Expert Can NRI earn income by letting out said income was to be brought to tax as business income

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Income tax return form

I had filled AOP return Now i want to file return of AOP s members Which ITR should used to file the return i wan to show the share of income received from aop ie share of profit

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Section 194ia of income tax( tds on sale of immovable property)

Dear Frineds One of my friends has entered in to greement with builder for purchase of flat Agreement value is Rs 7 Lac But builder is constructing the house that cost is Rs 65 Lac Whether TDS u s 194

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Chit fund accounting & auditing

I am performing accounting of a chit fund company My queryis whether dividend distributed to members of chit is an expense or appropriation of profit How to account for it Which Accounting standard gu

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Cost accounting of granite

Hi We are facing a problem with accounting of Granite Blocks quantity The problem is that how to account the excess quantity of material received free of cost which is some times usable or a waste We

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Source of income

I want to Know What are the Source of Income For a HUF except Interest Income Plz Help me Fnds

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Accounting treatment of nbfc for assets and provision


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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


  • SBI Stock Statement Format



  • CS Executive TAX Answer June 2016

    Disclaimer We have taken care to make this suggested answers as the Most Authenticated Answers Still neither HBC nor CA Vivek Goel shall be responsible for the result of any action taken on the basis of information provided in this publication


  • 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


  • 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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Amendment in TCS U/S 206C(1D) of Income Tax Act,1961

Important Amendment U S 206C 1D Of Income Tax Act 1961 Effective from 01 06 2016 Finance Bill 2016 assented by President on May 14 2016 has now become the Finance Act 2016 28 2016 Recently Section 206

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Tips received by waiters from customers is not salary income

Background and facts Section 15 of the Indian Tax Laws ITL includes the following incomes as chargeable to tax under the head Income from Salary Salary head Salary that is due from an employer or a fo

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IFC - Relevance of Information Technology in Internal Controls

The purpose of internal controls is to identify manage and control risks that could prevent the organization from achieving its objectives The information technology IT function designs develops imple

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Beware: tax evaders take bath in this "Kumbhmela" of income declaration scheme 2016 or else?

Arjuna Fictional Character Krishna by taking a holy bath in Kumbhmela a person purifies himself Now the Income Tax Department has come up with the Income Declaration Scheme 2016 to purify the Tax evad

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A study on income declaration scheme 2016

The scheme is basically brought as a last opportunity to declare black money and the wealth to see a black money free economy in our country in the coming time The scheme proposes reasonable taxation

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Updated on : 6/6/2016 9:53:18 PM

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