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Applicability of Amendments for Nov 2016 Final Exams


Applicability of Standards Guidance Notes Legislative Amendments etc for November 2016 Final Examination Paper 1 Financial Reporting I Framework for the Preparation and Presentation of Financial Statements II Accounting Standards AS No AS Title 1 Disclosure of Accounting Policies 2 Valuation of Inve

Easing of Compliance Norms Under Companies Act


After commencement of various provisions of the Companies Act 2013 and rules thereunder various issues received from Industry Chambers and stakeholders were examined in consultation with stakeholders In order to address the issues received certain rules have been amended The compliance norms whereve

Appointment of Central Statutory Auditors in PSBs


Norms on Eligibility Empanelment Selection of Central Statutory Auditors in PSBs Detailed information has been attached herewith

FM asks bankers to work in professional manner


Finance Minister asks the Bankers to Work in a Professional Manner Without any Fear or Favour FM Directs Bankers to Increase flow of Credit to Various Sectors and take Steps to Reduce their NPA Says That Global Growth is Patchy but Foreign Investors Showing Keen Interst in Investing in India The Uni

RBI simplifies KYC Measures for opening bank account


RBIs Recent simplified KYC Measures For Public Awareness The Reserve Bank of India today released a note along witha posteranda bookletcomprising a few common questions relating to Know Your Customer KYC norms for opening bank accounts The objective of this is to bring awareness among the general pu

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Experts Opinions

Death of a assessee & refund unpaid


I have a Assessee who passed away In A Y 14 15 there was a refund in their ITR but Bank details was wrongly filled in ITR So Refund not received But Now we want to claim the refund A Then what should be done by us 1 Registration of the legal Heir after that upload Rectification with the correct bank

After declare of loan as npa.,, do bank charges interest ??


Sir i have taken education loan in the year 2008 Till now i have not paid a single installment because of financial problem and i have no work also As per RBI guidelines no payment of installment 90 days account declare NPA but they declare npa after 2 years So that i was 2 lakhs more interest Can i

Recognition of interest liability on npa account


whether company should recognition make provision for the Interest exp liability for the NPA account with bank kindly explain and give any reference for the same

Un-registered service provider -nonpayment of service tax


Dear Sir s My query is that in FY 2013 14 the turnover on invoice basis as also on cash basis exceeded 10 lakhs but I have not paid service tax on amount in excess of 10 lakhs on account of my not being registered with the Deptt which was got done on 1st April 2014 In no FY either preceding to FY 20

Npa provision


Please send me check list NPA provisions of Bank Audit

Discussion

Interest on unpaid interest under income tax act

sir i have paid the tax portion of the capital gain tax as per the ruls and filed the retun after 1st due date and 16 days of delay in depositing the 50 lac in the capital gain fd scrutiny was initiated and now dept rejcted my claim u s 54 F and charged i paid the balance tax portion without interes

Npa provision for nbfc co. year ending march 2016

Can anyone tell me the provision rate of NPA for the year ending March 2016 for NBFC companies

Unpaid service tax - advise needed on best course of action

Hello We are a 2 person husband and wife both fulltime directors pvt ltd software company Our business model is simple We provide software coding services to foreign clients receiveremittance in into our current account and divide it between husband and wife with some left for company When we initia

Unpaid liability(tooling/assets)

We have unpaid liability pertains to tooling and asset purchase specific cases Now since the supplier is not claiming so we are ready to write it back We have the asset in tooling register and fixed asset register Should we still have this in said register or the liability should be written back to

Only 1 out of 250 startups passed the "Startup India" norms. Is this the right start for our new government?

I see startups technology and innovation as exciting and effective instruments for Indias transformation said Shri Narendra Modi our honorable Prime Minister on the eve of Start Up India Stand Up India When our revolutionary prime minister came up with an even revolutionary idea of the Start Up Indi

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Articles

NPA in banks - Causes and solutions


Dear friends Now a days we all are facing a crucial issue of NPA of all public sector banks Many large banks including SBI PNB have reported huge NPA of their industrial clients Govt has been making efforts for solving the issue changing laws issuing directives etc but it seems that everybody is try


How to reduce NPA?


We all know that NPAs of banks are on ever rising mode and no matter how hard government tries it cannot do much in order to clear the balance sheet of banks Every business have certain inherent risks fortunately or unfortunately for banks inherent risk is non recovery of loans given and inherent ri


NPA Menace in the Indian banking system


The Financial Stability Report FCR June 2016 issued by RBI suggests that the business of Scheduled commercial banks SCB is showing significant stress The Gross Non Performing Advances GNPA of SCBs sharply increased to 7 6 of the Gross advances from 5 1 between September 2015 and March 2016 The net n


NPA Management


In current era the word NPA is well heard or well read by us The banking industry is facing high NPA problem which leads to downtrend of profitability In this article we shall try to understand NPA mechanism in a simple manner In simple words NPA stands for Non Performing Assets If we do not gain an


Mounting NPAs: What Went Wrong?


In last 15 years Indian Banks have tasted huge jump in non performing assets This has grown with the growth in advances which is quite convincing Currently NPA are more than Rs 5 00 Lac Crs or about 75 billion USD Actual figures of NPA and stressed accounts are estimated to cross Rs 10 Lac Crores al


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Updated on : 8/24/2016 12:46:14 PM


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