income and expenditure account format

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Advertising by members in practice engaged in Coaching activities


ANNOUNCEMENT Re Advertising by members in practice engaged in Coaching Teaching activities Regulation 190A of the Chartered Accountants Regulations 1988 provides that a chartered accountant in practice shall not engage in any business or occupation other than the profession of accountancy except wit

Second Edition of Limited Insolvency Exams to start from 1st July


Second Edition of Limited Insolvency Examination to start from 1st July 2017 to 30th June 2018 The Insolvency and Bankruptcy Board of India IBBI has specified the syllabus format and frequency of the Limited Insolvency Examination under regulation 3 3 of the Insolvency and Bankruptcy Board of India

Ministry of Finance Key Initiatives in the last three years


Department of Expenditure Ministry of Finance takes Key Initiatives in the last three years General Financial Rules 2017 released Central Sector and Centrally Sponsored Schemes rationalized Over Rs 1 lakh crore paid through Public Financial Management System PFMS in various Social Sector Schemes und

CBDT invites comments on draft ICDS on Real estate transactions


Central Board of Direct Taxes CBDT invites comments from stakeholders on Draft Income Computation and Disclosure Standards on Real Estate Transactions by 26th May 2017 The Committee constituted by the Finance Minister to suggest the areas in respect of which further Income Computation and Disclosure

Linking of PAN with Aadhaar made easy


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Income Tax Department simplifies linking PAN with Aadhaar The Income Tax Department has made it easy for taxpayers to link their PAN with Aadhaar Responding to grievances of taxpayers regarding difficulties i

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Experts Opinions

Accounts executive


hi to all Now i am job seeker i am living in thiru theri location at nearest place singam perumal koil chennai could u pls send any accounts executive wanted post me my mail id 06mahindra gmail com contact no 99445 00954

Non filling of income tax return


One of assessee had not filed income tax return for assessment year 2013 14 2014 15 as he had started a new business previously filed under salary income Can now he file return for AY 2013 14 2014 15 under 142 1 and will his income be scrutinised as he is a small tax payer

Business income


Provisions to be applied if a person does not opt for the presumptive taxation scheme of section 44AD and declares income at a Higher rate i e at more than 8

Fees remittance should be shown as income or liability


Hi Fees collected as remittance to university or government should be shown as income or liability in statement

Clubbing of income


A doctor is purchasing vaccine in his own name for its patents A separate amount he is charging for the same Now he wants to purchase the said vaccine in the name of his spouse or HUF and to directly sell the same to patents Whether that can be done Is the income generated from sale of vaccine will

Discussion

Income tax deduction

pl intimate me whether income tax 2 is to be deducted from a firm having valied active TIN for the supply of vegetables live chicken u s 194c

Is there any quickbooks accountant who can help our company

We are using quickbooks and we need an accountant who can help us with accounts Kindly reply me asap

Account

DEAR SIR As Tally software is Intangible assets but Tally version upgradation charge will be treated as indirect expenses

How many chart of accounts can a company code have?

A single Company code can have only one Chart of Account assigned to it The Chart of Accounts is nothing but the list of General Ledger Accounts Roop Amrit

Gst invoice format confusion

I have big doubt in case of billing I am a dealer say for CCTV I have business in Chennai We have three columns of tax in invoice right CGST SGST IGST Scenario 1 i am going to invoice to END CUSTOMER in chennai what is to be FILLED IN THE THREE COLUMNS OF INVOICE FORMAT GIVEN BY MoF Scenario 2 i am

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  • Various types of Assessment under Income Tax Act, 1961

    Various types of Assessment under Income Tax Act 1961
  • Suggested Solutions Advanced Management Accounting May 2017

    CA Final May 2017
  • ARE 1 format of CT1 Bond

    ARE1 FORMAT OF CT1 BOND ONLY THIRD PARTY EXPORT
  • CA Final Indirect Tax Laws IDT Question Paper May 2017

    Download CA Final Indirect Tax Laws IDT Question Papers May 2017 in PDF For older question papers of CA final May 17 Nov 2016 May 2016 Nov 2015 CA final may 2014 CA final Nov 2014 check similar section Previous years CA final Indirect Tax Laws IDT question papers can also be downloaded using Search You can also search and download may 2015 IPCC IPC question papers here We are providing ca final question papers of may 2016 for Financial Reporting FR Strategic Financial Management SFM Advanced Auditing and Professional Ethics Corporate Allied Laws Advanced Management Accounting AMA Information Systems Control Audit ISCA Direct Tax Laws DT Indirect Tax Laws IDT and IPCC IPC may 2015 question papers for Accounting Business Law Ethics Communications Cost Accounting Financial Management CAFM Taxation Advanced Accounting Auditing Assurance Information Technology Strategic Management ITSM
  • GST Invoice

    Format

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Articles

Various types of Assessment under Income Tax Act, 1961


Various types of Assessment under Income Tax Act 1961 Amended by Finance Act 2016 Every Person who is earning which is chargeable to tax has to furnish his return of income to the Income Tax Department After filling of return of income the next step is the processing of income tax return by the Inco


Provisions regarding quoting of Adhaar in PAN & Income Tax returns


Provisions of section 139AA of the Income Tax Act 1961 Quoting of Aadhaar number read with attached notification no 37 2017 dated May 11 2017 139AA 1 Every person who is eligible to obtain Aadhaar number shall on or after the 1st day of July 2017 quote Aadhaar number i in the application form for al


Hedge Accounting - What is allowed to be hedged?


In continuation to our earlier article on Risk Management Strategy vs Risk Management objectives let s understand what is allowed to be hedged as per the Accounting Standard WHY do we hedge Simple answer is to mitigate all expected losses or adverse effect on fair values of any balance sheet items e


Hedge Accounting - Risk Management 'Strategy' vs Risk Management 'Objectives'


Several of our readers requested to have clarity on Hedge Accounting However it will indeed be a very long topic hence from now onwards we will start taking this subject in detail within the series of Hedge Accounting Considering the dynamic nature of businesses it is inevitable to have several fina


Accounts and records under GST


Accounts Records to be maintained by Registered Persons 1 Every Registered Person will keep and maintain a true and correct account either manually or electronic form as per Section 35 of CGST Act 2017 Accounts and records draft rules 2017 at his principal place of business or any other place of bus


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Updated on : 5/23/2017 8:26:18 AM


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