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Revised Schedule VI - An Overview

Posted by Aravind.. 13 August 2012 56318 Views

What is the primary objective of a financial statement? A financial statement is the language of a business through which it communicates. It is a summary of the business performance for a defined period. A summary always req



10 Changes in Income Tax Relevant from AY 2018-19 Onwards

Posted by CA Gyati Gupta 18 September 2018 56317 Views

The Chartered Accountants and The Advocates are under a lot of pressure to meet the deadline of Mar 31, 2018. It is quite obvious as the closing of March 2018 i...



Note on Foreign Direct Investment in India

Posted by Ajay Mishra 24 March 2012 56283 Views

INTRODUCTION One remarkable feature of the contemporary world has been the proliferation of private capital flow in the form of foreign direct investment



Latest and simple version of IND AS 23

Posted by CMA SIVAKUMAR A,ACMA. 09 March 2020 56277 Views

Latest and simple version of IND AS 23-borrowing costs as amended by companies (Indian accounting standards second amendment rules 2019) and IAS 23



Audit checklist for F.Y 2019-20 - Direct tax

Posted by Parth Shah 23 May 2020 56249 Views

The Finance Minister while giving the details of the Economic Package announced the extension in the Tax Audit date and the due date to file the Income Tax Return. However, with the deferment one should not forget the Tax Audit Checklist for FY 19-20.



HAWK' Eye - AS 15 - Employee Benefits

Posted by Fahim 22 October 2011 56246 Views

This happens to be one of the most ignored topic by the examiners and hence also by the students of CA profession. But it has to be embarrassing for a qualified chartered accountant



Loans to directors sec 185 (295 of old act)

Posted by sachin pathak 09 January 2014 56218 Views

Loan to directors, etc. (Section 185 refer old act Section 295)This section was commenced on 12 September 2013. It is form the old Section 295 of the Companies Act 1956185. (1) Save as otherwise provided in this Act, no company shall, directly or ind



Business Loss set off under Sec.72: Widened scope

Posted by CA S.SAIRAM 12 November 2012 56190 Views

Business Loss set off under Sec.72: widened scope The judiciary does play a vital role in the economy by discerning the real intentions of the law. In this regard, the recent rulings with respect to carry forward and set off of losses in the tax law



Indirect Tax Impact - Tax Audit - AY 14-15

Posted by Madhukar N Hiregange 16 August 2014 56161 Views

Tax Audit Under IT Act. for AY 14-15 Indirect Tax ComplianceCA Madhukar N Hiregange & CA Roopa Nayak The tax audit under Income Tax has undergone a change. There are already a number of compliances which professionals felt was asking for



Penalties under the Income Tax Act

Posted by Neha Yadav 16 June 2011 56153 Views

PENALTIES UNDER THE INCOME-TAX ACT For non-compliance with the different provisions of our Income Tax Act, Section 140A, 143(1A), 221 and 271 to 275 give the reference to levy penalty on a assessee. An assessee might be prosecuted for his comply wit




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