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Differences between Income Computation and Disclosure Standard and Accounting Standard
Statement showing differences between Income Computation and Disclosure Standard and Accounting Standard ICDS corresponding to accounting Standards ICDS No. ICDS Corresponding to AS Applicability on JAL I
Cash and cash equivalents
As per Para 54 of Ind. AS 1 on �Presentation of Financial Statements�, the statement of financial position shall include a minimum line items mentioned therein. One such point as per the line item (i) is �cash and cash equivalents&r
Am I addicted to my smart phone?
An activity, if done regularly will become a habit.A habit if repeated frequently will become an addiction.First we will understand what an addiction is. If you have no control over any of your activity you are addicted. Many people do not like to re
CARO 2015 - in short
CARO 2015Applicability � Applies to all companies, including foreign companies,Except � It is not applicable to Insurance co, banking co, charitable organizations, one person Company & private company with equity of not more than 5
Fast Track Exit Scheme
What is Track Exit (FTE) Scheme?Fast Track Exit Scheme is introduced by Ministry of Corporate Affairs for giving opportunity to non-operating companies for getting their names struck off from the records of Ministry of Corporat
Board Training - Nothing more to learn
Is Corporate Governance Real, a Myth or is it to be practiced in Spirit or Letter? It is very difficult to conclude; the intention to implement and practice corporate governance seems to be the SPIRIT and to toe this line the regulators bring out leg
Battle on GST: States vs. Centre
INTRODUCTION:-Goods and Services Tax (GST), the 122nd Constitutional Amendment Bill, 2014 tabled by Finance Minister Arun Jaitley has already passed in the Lok Sabha. However, due to conflicts between the States and Centre and the reason that the Cen
Short comings of joint costs standard
Joint Cost As per my understanding joint costs solely doesn`t depend on Quantity of output, selling price, selling expenses, furthe
No cenvat credit to a job worker manufacturer?
Dear All, In this article I have discussed on the following question that I came across recently. Whether manufacturing of excisable goods which are cleared on payment of duty by job worker is covered under the definition of exempted services thereby
Integrated Process For Incorporation: Form INC-29
The Ministry of Corporate Affairs (MCA) has introduced Form INC-29 � Integrated Incorporation Form in order to reduce the overall time in company Incorporation. In Form INC-29 all the steps of c
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