Articles by CA. Amit Daga

IAS 32 Financial Instruments

CA. Amit Daga 24 March 2009 at 23:04

IAS 32 Financial Instruments - Definition v A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entityv The financial instr

Why IFRS.. Introduction

CA. Amit Daga 22 March 2009 at 16:33

Why IFRS? Ø Numero-uno accounting framework with global acceptance.Ø Business going global, more cross border transactionØ Access to international capitalØ Single global financial reporting language&O

List of IFRS

CA. Amit Daga 22 March 2009 at 02:32

The following IFRS statements are currently issued:IFRS 1 First time Adoption of International Financial Reporting Standards IFRS 2 Share-based Payment IFRS 3 Business Combinations IFRS 4 Insurance Contracts IFRS 5 Non-current Assets Held for Sale an

Tax Planning

CA. Amit Daga 21 January 2009 at 12:48

Dear All,Its high time and now all of us are thinking for tax saving. Hope this article will be help ful for you that how to save your tax. I would like to say, Nobody likes the tax man, but dues have to be paid. With a little intelligent planning th

Tax deduction allowed on LTA

CA. Amit Daga 01 April 2008 at 20:30

Leave travel assistance (LTA) is generally paid as a part of the remuneration of employees. With some proper planning, an employee can save some tax through this mode. The LTA amount is received from the employer towards a journey within India. LTA i

International Financial Reporting Standards

CA. Amit Daga 21 March 2008 at 18:23

International Financial Reporting StandardsInternational Financial Reporting Standards (IFRS) the new avatar of International Accounting Standards (IAS) are issued by International Accounting Standards Board (IASB). This role was earlier discharged b

Explanation To Section 73 Of The Income Tax Act .

CA. Amit Daga 21 March 2008 at 18:23

Explanation To Section 73 Of The Income Tax Act .\Section 73 of the Income Tax Act, 1961 deals with carry forward and set off losses from speculation business. Explanation to Section 73 is a deeming provision wherein if specified conditions are satis

Fringe Benefit Tax - At A Glance

CA. Amit Daga 21 March 2008 at 18:23

Fringe Benefit Tax - At A Glance INTRODUCTION The Finance Act, 2005 has imposed a new tax - The Fringe Benefit Tax (FBT). The provisions relating to this new tax are contained in new Chapter XII-H (sections 115W to 115WL) of the Income Tax Act, 1961

Dr. J.J.Irani's Report On Company Law

CA. Amit Daga 21 March 2008 at 18:23

Dr. J.J.Irani's Report On Company Law J.J.Irani committee has taken a very pragmatic approach towards the ground realities, emerging economic scenario and the increasingly important role of Indian corporate in global arena. The report contains 13 cha

Concepts of Transfer Pricing

CA. Amit Daga 19 December 2007 at 21:26

TRANSFER PRICINGAmit Daga Table Of Content Introduction. 1Definations. 6Methods Of Computation Of Arm's Length Price...............5Exceptions. 6 Introduction Transfer pricing "