Popular Articles

Loan To Directors - Section 185 Of The Companies Act, 2013

Neha Rajan Redekar 26 October 2021 at 16:30

Pursuant to the provisions of section 185(1) of the Companies Act, 2013 no company shall, directly or indirectly, advance any loan to any director of the company.

Direct Tax CA Final (Old syllabus) Nov 2020 Exam - A Meaningful Insight & Suggested Answers

CA Mehul Thakker 09 December 2020 at 14:47

Exams of the CA Final are over and the discussion is on high pitch amongst the students that how was the descriptive part of the Direct Tax (old syllabus) question paper – easy, tough, or moderate? Let us find out following the standard approach called "Dissection".

How to identify an intangible asset and capitalize?

CA Sumit Sarda 09 May 2019 at 11:29

Para 8 of Ind AS 38 specifies that �An intangible asset is an identifiable non-monetary asset without physical substance.�Also as per para 8 �

Exploring Six Primary Types of Income Tax Notices for Salaried Individuals

Rashmi 17 August 2023 at 14:10

If you make a mistake on your filed Income Tax Return (ITR), the tax department can send you a notice. Basically, there are six main types of income tax notices that salaried individuals might receive

When CENVAT meets Service Tax

CA Ramanujam S 12 May 2007 at 01:24

When CENVAT meets Service TaxThe following are the points of importance when considering a combined interpretation of CENVAT Credit and Service Tax provisions:1. Credit will be available of exciseduty paid on inputs used for providing output services

Is Secretarial Audit Mandatory for Financial Year 2013-14?

KASHIF ALI 22 July 2014 at 16:50

SECRETARIAL AUDIT UNDER COMPANIES ACT, 2013 WHAT IS SECRETARIAL AUDIT? Secretarial Audit has introduced by recently enacted Companies Act, 2013. It is compliance audit, by independent practicing company secretary. The purpose is to

Taxability of Futures and Options (F&O) Transactions under the Income Tax Act, 1961

CA Ravi Chauhan 01 September 2025 at 10:20

Comprehensive guide on tax treatment of Futures & Options (F&O) under the Income Tax Act, 1961 for FY 2024-25 (AY 2025-26). Covers classification, taxation of profits and losses, turnover calculation, tax audit applicability, presumptive taxation, ITR reporting, and deductible expenses as per ICAI Guidance Note (Revised 2025).