Articles by Member (Account Deleted)

Deferred tax analysis

Posted by Member (Account Deleted) 19 May 2016 53533 Views

The concept of Deferred Tax is not a simple to understand and many get confused while applying it in the books. So, we shall try to go through simple and lucid manner to understand the whole concept and its application in the books through e

NPA Management

Posted by Member (Account Deleted) 17 May 2016 28480 Views

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 s

An analysis on TDS

Posted by Member (Account Deleted) 11 May 2016 18962 Views

For a layman TDS or TAX is very cumbersome to handle and the afraid of various procedures regarding it. So, in this article I have tried to point out in a very simple and lucid manner to understand it.TDS was deducted on Bank Fixed Deposit interest ,

TDS Amendments

Posted by Member (Account Deleted) 06 June 2015 44091 Views

IN FINANCE BILL 2015 SOME MAJOR AMENDMENTS REGARDING TDS HAVE BEEN MADE AS UNDER:Under the existing provisions contained in the proviso to clause (i) of sub-section (3) of the section 194A, income credited or paid in respect of time deposits with a b

Special Reserve created under section 36(1)(viii)

Posted by Member (Account Deleted) 18 August 2014 125803 Views

Special Reserve created under section 36(1)(viii) of the Income Tax Act, 1961 and Deferred Tax Liability on it.As per section 36(1)(viii) of Income Tax Act 1961 in respect of any special reserve created and maintained by a specified entity, an amount

Constitutional (97th Amendment) Act, 2011

Posted by Member (Account Deleted) 20 December 2012 58542 Views

[1] Cooperative societies is a state subject under Entry 32 of the State List of the Seventh Schedule of the Constitution. All states have accordingly enacted their own Cooperative Societies Acts for incorporation, regulation and winding up of c

EMI of Loan

Posted by Member (Account Deleted) 06 November 2012 26610 Views

EMI is the short form of Equated Monthly Installment. In EMI Installment and interest on remaining loan balance both are included. It is the general phenomena in which installment and interest both makes the equal amount to pay at every month during

Bad Debts & Provisions of Bad Debts

Posted by Member (Account Deleted) 31 October 2012 119033 Views

Bad debts are such debts which are not recoverable. Doubtful debts are such debts which are suspected to be recovered. As per judgment of TRF Limited vs. CIT (Supreme Court). Bad debts need not be proven to be irrecoverable u/s 36(1)(vii). It

Deferred Tax Entries

Posted by Member (Account Deleted) 25 October 2012 518777 Views

In my earlier article on Taxation Entries I have not touched Deferred Tax concept. Many reader friends have asked me to clear the concept and explain the entries regarding it. In this article I have tried to satisfy their expectations.

NPA - Non Performing Assets

Posted by Member (Account Deleted) 18 October 2012 265389 Views

DUE AND OVERDUE Any amount becomes due on the fixed time of payment. It becomes overdue if it is not paid on that due date. In the same manner in customer banker relationship any amount due to the bank under a