Popular Articles

Depreciation Rules under new Companies Act 2013

AASHISH SACHDEV 07 July 2014 at 13:44

The entire concept of charging depreciation to fixed assets has been evolved as per the new act. Schedule XIV of the old Act specified minimum rates of depreciation to be provided by a company. Unlike that, Schedule II to the 2013 Act requires syste

Provisions of section 40(b) of Income Tax Act 1961

Amit Bajaj 10 February 2011 at 11:38

Section 40(b) of Income Tax Act places some restrictions and conditions on the deductions of expenses available to an assessee assessable as a partnership firm in relation to the remuneration and interest payable to the partners of such firm. The ded

Stock Audit of Bank Borrowers

CA Pranjal Joshi 25 January 2010 at 11:55

Stock Audit of Bank BorrowersCA Pranjal Joshi Introduction – Working capital finance in the form of cash credit against the security of hypothecation of stock and debtors is one of the most common modes of finance frequently adopted by various

Concept of Duty Drawback

CA Monalisa khuntia 14 October 2014 at 10:43

Concept of Duty Drawback-By CA. Monalisa Khuntia IntroductionDuty Drawback has been one of the popular and principal methods of encouraging export. It is a relief by way of refund/ recoupment of custom and excise duties paid on inputs or raw material

Procedure for resignation of Director under CA, 2013

Ankur Garg 23 July 2014 at 12:44

Dear All, As we are aware that Companies Act, 2013 is already in force from April 01, 2014, and every professional is trying his/her best to unlock and decode the provisions of Companies Act, 2013. In this regard an attempt has been made from my side

Service tax under Reverse Charge Mechanism on Goods Transport Agency (GTA)

CA. Arpan Jain 20 March 2017 at 17:46

Goods Transport Agency (GTA) means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called.

Meetings under Companies Act, 2013

Raju Balodi 01 April 2014 at 11:05

GENERAL MEETING: AGM (Sec 96 & 97) Applicability: Every Company other than One Person Company. Key Provisions: Every Company to which this section applies shall hold its 1st AGM within 9 months from the closure

MAT Credit - An overview of its rationale and impact

CA. Rayan Sequeira 06 October 2007 at 16:15

"There was an era when the corporate entities mocked at the income tax department, since they had sizeable profits as per the accounting books but ended up contributing nothing to the coffers of the department. Taking the tax provisions to their adva

VOUCHING IS THE ESSENCE OF AUDITING

Member (Account Deleted) 05 November 2009 at 19:49

VOUCHING IS THE ESSENCE OF AUDITINGVouching is said to be the very essence of auditing. The whole success of an audit depends on the intelligence and thoroughness with which this part of the work is done.Vouching means the verification of entries in

SSI units - Exemption under central excise

CMA Poornima Madhava 24 February 2015 at 16:16

SSI units & Notification no.8/2003 CE SSI stands for Small Scale Industries. Notification no.8/2003 provides relaxation to SSI units from central excise duty subject to certain conditions. T