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Articles by CA. Amit Daga

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TDS Rate on making Foreign Payment

  CA. Amit Daga    16 December 2014 at 10:56

How to determine applicable TDS Rate on making Foreign Payment : TDS on foreign payments depends on two conditions. First, whether deductee provides a valid TRC or not? Second, whether deductee holds a valid PAN in India or not? Below is the matrix

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Posted in Income Tax  1 comments |   14928 Views


IND AS 41 First time adoption of Indian Accounting standards

  CA. Amit Daga    18 June 2010 at 12:51

IND AS 41First time adoption of Indian Accounting standards Scope of IAS 41 Ind-AS 41 is applicable to the first set of annual Ind-AS financial statements prepared by a company. The first Ind-AS financial statements are defined as the first annual f

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Posted in Accounts  4 comments |   17136 Views


Roadmap for Convergence to IFRS by MCA

  CA. Amit Daga    03 February 2010 at 16:57

The Core Group, constituted by the Ministry of Corporate Affairs for convergence of Indian Accounting Standards with International Financial Reporting Standards (IFRS) from April, 2011, that held its meeting on 11th January 2010 agreed that in view

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Posted in Accounts  10 comments |   14403 Views


Guideline for Project Management

  CA. Amit Daga    20 November 2009 at 14:08

Guideline for Project Management Handing over process to Operations: Concerned Marketing Personnel shall hand over the project to the project manager along with documents of the Contract Transfer. Marketing Personnel shall ensure all back up document

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Posted in Others |   8505 Views


Effective dates of various provisions. Of BUDGET -09-10

  CA. Amit Daga    13 July 2009 at 13:54

Effective dates of various provisions. Of BUDGET -09-10. In the Income Tax side, most of the provisions of the Finance Bill will come into force with effect from 01.04.2010; here is a list of some important provisions and their effective dates.

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Posted in Others  15 comments |   11712 Views


Construction Contracts (IAS-11)

  CA. Amit Daga    05 June 2009 at 13:13

Construction Contracts (IAS-11)A Construction contract is defined in IAS 11 as “ …A contract specifically negotiated for the construction of an asset or a combination of assets that are closely interrelated or interdependent in terms o

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Posted in Accounts |   15393 Views


Hindu Undivided Family

  CA. Amit Daga    07 May 2009 at 22:00

HOW ONE CAN CREATE HUF(HINDU UNDIVIDED FAMILY) ? Though every body is interested in this question and this question has been asked by many and generally not have any answer in text book also, why it so ? The answer is very interesting that the above

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Posted in Income Tax  8 comments |   32823 Views


IFRIC- Interpretation of IFRS

  CA. Amit Daga    29 March 2009 at 14:41

Dear All,In india for all Accounting Interpretation we have ASI (Accounting Standard Interpretation) in line of that in IFRS there is also some Interpretation which is known as IFRIC- International Financial Reporting Standards Interpretation Commit

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Posted in Accounts  2 comments |   20832 Views


Some Differences between IFRS and AS

  CA. Amit Daga    26 March 2009 at 17:56

Differences v DividendsØ Dividends are classified as a financial liability and are reported in the income statement as an expense. If dividends are declared subsequent to the balance sheet date, it is not recognised as liability. (I

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Posted in Accounts  4 comments |   21999 Views


IFRS Challenges

  CA. Amit Daga    24 March 2009 at 23:15

IFRS - Challenges n Major Challenges : v Shortage of Resources With the convergence to IFRS, implementation of SOX, strengthening of corporate governance norms, increasing financial regulations and global economic growth, acc

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Posted in Accounts  1 comments |   13308 Views