Community & General Articles

How do we assess the quality of Fixed Asset Record and related Controls?

Posted by Tulasi S Sastri 26 November 2014 17235 Views

Internal Financial Controls, under the Companies Act 2013, are Policies and Procedures, adopted by the company for ensuring orderly and efficient conduct of business, and among others, include, Safeguarding of its Assets. Let us see the

How do Internal Controls manifest in an Organization?

Posted by Tulasi S Sastri 19 November 2014 46196 Views

In my last article, “Internal Audit under the new Companies Act 2013 – Opportunity or Responsibility for the Internal Auditor?”, released through this medium on 11th November 2014, some of the key words used were, Orderly and Effici

Advocates alone are entitled to Practice, Plead and Act before the revenue authorities

Posted by BSKRAO 19 November 2014 39992 Views

(1) When the Deptt. is taking so much of security measure for e-filing of tax returns through only Assesses Digital Signature Certificates etc., person filing the return in the capacity of Individual, HUF and Artificial Juridical Person should only a

You decide importance of Majority and resolutions in your business

Posted by CA Umesh Sharma 17 November 2014 12496 Views

Karniti part 63You decide importance of Majority and Resolutions in your BusinessArjuna (Fictional Character): Krishna, In Maharashtra State discussion on proving Majority and resolution for proving trust in Government is going on. Its for the

Yahan aisa hi hota hai (Monkey see, monkey do)

Posted by CA Nayan Gupta 17 November 2014 24633 Views

I have recently joined Industrial Training in one of the companies in Gurgaon. I joined in between a month so at the time of calculation of first stipend, I found something wrong. As per me the amount of stipend should have been calculated for 22 day

How to Purchase house in USA- Legal Provisions & clauses?

Posted by Nidhi Agnihotri 07 November 2014 16685 Views

How to Purchase house in USA- Legal Provisions & clauses? ( For Indian Resident)Q1. Who is Indian Resident? RBI clauses applicability? Ans. The conditions for a person to be resident of India are as follows under section 2(v) of the FEMA Act:(v)

Govt. invites suggestions for Union Budget 2015

Posted by Bimal Jain 05 November 2014 11528 Views

In the context of formulating the proposals for the Union Budget of 2015-16, the Ministry of Finance vide MOF DOR TRU letter in F. No. 344/20/2014-TRU dated October 27, 2014 has invited suggesti

Do's and Don'ts in Mandatory Pre-Deposit during Appeals under Service Tax

Posted by Ravi Kumar Somani 04 November 2014 17656 Views

Litigation under service tax starts by issuance a Show Cause Notice under the provision of section 73 of th

How IT has become Imperative over the years, and made Accountants more Effective

Posted by Tulasi S Sastri 29 October 2014 21070 Views

After working for close to 4 decades in the Indian Industry, when I look back, I see a sea change in the environment, expectations, opportunities and risks associated with the Accountants role, over this period. Boundaries within which, the Ac

Service Tax on Transfer of Development Rights of Land - A Detailed Legal Analysis

Posted by CA Ankit Gulgulia (Jain) 27 October 2014 19263 Views

Service tax legislation has seen a lot many changes from the days it was introduced and has always been evolving to ensure effective revenue collection. A large number of issues tend to be matter of disagreement between the revenue authorities, trad