Popular Articles

All about Revaluation of Assets

CA Manish Iyer 13 August 2007 at 23:35

Introduction:Many countries around the world are committed to adopt IFRSs directly or to get their national standards aligned with IFRSs. The change to IFRS will have major effects on the financial statements. This is because of the following reasons

Step wise Registration Process for LLP

CA Chirag Chauhan 09 April 2014 at 11:12

Step wise Registration Process for Limited Liability Partnership (LLP) Recently most entrepreneurs have started opting for Limited Liability Partnership, considering it has most positive features of Partnership and Companies. It is hybrid form which

Analysis of Service Tax on work contract

TKKKKKK 17 May 2013 at 12:49

Work contractor definition : Works contract, for the purposes of section 65(105)(zzzza), means a contract wherein,- (i) Transfer of property in goods involved in the execution of such contract is livable to tax as sale of goods, and (i

How to do concurrent audit of banks?

Umesh Rijal 27 January 2014 at 11:48

The word concurrent itself defines its meaning, concurrent means happening at the time. Concurrent Audit means doing the examination of the financial transactions at the time of happening or parallel with the transaction. Most of the new articl

Cenvat Credit Rules from scratch

Saurabh Maheshwari 21 October 2013 at 16:55

Cenvat Credit Rules from scratch

The Companies Act, 2013- Provisions relating to Notice of General Meetings

G S Rao 30 September 2013 at 12:38

The Companies Act, 2013- Provisions relating to Notice of General Meetings Introduction: The Companies Act, 2013 will now replace the old Companies Act, 1956 in a phased manner and will come into full force when the Central Government notifi

Companies Act - 2013: Rotation of Auditors

CA. Amit G. Chandani 05 April 2014 at 17:51

With the implementation of Companies Act, 2013 the Ministry of Corporate Affairs has notified the provisions relating to rotation of auditors/audit firm w.e.f. 01st April, 2014. Changing nearly six dec

All about internal financial control (IFC)

CA Sumat Singhal 26 May 2016 at 10:08

What is Internal Financial Control (IFC)? (Sec 134) As per Section 134 of the Companies Act 2013, the term �Internal Financial Controls� means the policies and procedures adop

All about MSME Act 2006 & Opportunities

CS DHANAPAL 15 November 2012 at 12:38

INTRODUCTION The conceptual and legal framework for small scale and ancillary industrial undertakings is derived from the Industries Development and Regulation Act, 1951. The Act provided the necessary powers to the Central Government to amend t