Accounts Articles

Taxation Issues Coupling with IND AS

Posted by CA S.SAIRAM 08 October 2011 9231 Views

The CBDT is mounted with a herculean task of resolving the conflicts in tax law vis--vis the new born Ind AS which is set to hit the Indian economy with a flurry of technical standards. Challenges inh

All about Taxation Entries

Posted by Gaurav Arya 05 September 2011 73374 Views

This article is helping hand for those students who feel problem in taxation entries. Experts and others are requested to correct me or give their valuable feedback. Taxation and accounting are the soul of the accounting profe

Accounting Practices in Construction & Infrastructure Industry (Part-2)

Posted by CMA Ramesh Krishnan 29 August 2011 40581 Views

Introduction: In Continuation of my first part, we will discuss about accounting practices in the Construction & Infrastructure Industry

Roadmap for Cost Records preparation under new regime

Posted by CMA Navneet Kr Jain 29 August 2011 17433 Views

Sub: Roadmap for Cost Record Maintenance / issue of Compliance Certificate under Companies (Cost Accounting Record Rules) 2011. After the issue of new notifications on 02/05/2011, 03/05/2011, 03/06/2011& 30/06/2011 the companies are required

A comparative study of AS and Ind-AS Consolidation of Financial Statement

Posted by SOUVIK BORAL 27 August 2011 16160 Views

A comparative study of AS and Ind-AS Consolidation of Financial Statement Issue As per Ind-AS As per Existing AS Consolidation Consolidation has to be done by every comp

Accounting practices in Construction & Infrastructure Industry (Part-1)

Posted by CMA Ramesh Krishnan 19 August 2011 48399 Views

Introduction: In current Indian scenario Construction & infrastructure industry is one of the biggest industries and also one of the major employments providing as well as economically much viable industry also. Such a service

Accounting by Real Estate Developers

Posted by CA Sachin D Jain 06 August 2011 41486 Views

The total Cost can be divided under the following Cost Centers: Project Cost Centre (PCC) Specific Costs Head Office Cost Center (HOCC) Common Costs and Administration and Selling Costs

Exemption from disclosing in P&L A/c u/s 211

Posted by Alok Rudra 28 July 2011 19198 Views

Exemption to certain classes of companies from disclosing in their profit and loss account from certain information in terms of Part II of Schedule VI [Ref: Notification No. S.O. 301(E), dated 8th February, 2011 and F. No. 51/12/20

Exemption to PFIs specified u/s 4A of the Companies Act

Posted by Alok Rudra 20 July 2011 9236 Views

Exemption to PFIs specified u/s 4A of the Companies Act, 1956 from disclosing investments as required under Paragraph (1) of Note (l) of Pat-I of Schedule VI in their balance sheet [Ref: Notification No. S.O. 300(E), dated 8th February 201

IFRS with Indian AS

Posted by Vijay 16 July 2011 17470 Views

I.Indian Accounting Standards already issued by the Institute of Chartered Accountants of India (ICAI) corresponding to the International Financial Reporting StandardsAS 1 is based on the pre-revised IAS 1. AS 1 is presently under revision to bring i