Popular Articles

Open Letter to FM- Budget 2013

Madhukar N Hiregange 04 March 2013 at 12:03

3rd March 2013. Dear FM Shri. P. Chidambaram, First of all thanks for your listening while taking the comments on the budget from all. We all understand that over a period of years there are some ills which have accumulated. However instead of voici

BEFORE YOU CHOOSE AVENUES FOR TAX SAVING -SERIES II

Indraneel Sen Gupta 26 November 2009 at 13:23

In my last article I started with the advance planning stage for tax saving where one should to plan for tax saving starting from now so as to avoid eleventh hour preparation and most importantly Miss Selling. Since we often find that at the last mo

GST Vital Practical Problems - Part I

CA Sudhir Halakhandi 26 February 2020 at 10:18

GST is new tax and the dealers who followed it from the initial stage have made some technical mistakes which were not noticed by them within time or they were not rectified by the dealers since the facility of revision of such mistakes was not there. These were innocent mistakes and not the fraud and/evasion of tax.

Extend CFSS Scheme - Why is Extend_CFSS Trending on Twitter?

Shweta 05 January 2021 at 10:09

As of late, an outpour of demands requesting the government to extend the due date for CFSS is being seen on social media. Consequently, hashtags such as #Extend_CFSS and #CFSSExtension have been trending on Twitter.

Overcoming the fear of failure

CA Anurag Sharma 05 October 2018 at 10:56

All problems start with "Will I be able to do it?". When doubt creeps in, the fear starts to build.Yes, you are good enough. Yes you have it in you, y

Income tax calculator & its uses

Mitali 20 December 2022 at 13:14

An income tax calculator is an online tool that is designed to estimate tax liability for a given tax year. It takes into account factors such as income, deductions, credits, and exemptions to determine how much tax an individual or business owes.

Basic Understanding of Islamic Banking Finance & Capital Market

Guest 19 September 2013 at 13:06

India is one of the fastest growing economies in the world today and is on the path to becoming one of the largest in the world in the coming decades. Our Banking sector had undergone trem

All About Indian Accounting Standards IND AS and its Implementation

CCI Team 26 May 2021 at 18:28

IND AS governs the accounting and recording of financial transactions as well as the presentation of statements such as profit and loss account and the balance sheet of a company.

Books of Account - allegations of mismanagement?

Durga Rao 07 February 2011 at 11:13

Despite the clear regulations in the Companies Act, 1956 as to how every Company should record its transactions, maintain books of account and should submit the approved Financial Statements with the ROC, financial transactions in some closely hel

Buyer cannot be punished 1st for default of the seller under GST

CA Umesh Sharma 05 May 2021 at 09:51

Madras HC has recently given some relief to the recipient of goods from the reversal of ITC when no action was taken by the GST department against the defaulting Seller who has not paid the tax collected from the recipient.