Companies incur costs to acquire resources that will be used in operations to generate profits. Every cost creates either an immediate benefit or a future economic benefit. Determining when the company will realize the benefit from a cost is paramoun
Source:-The Notification No.2/2015 on dated 13.07.2015The Notification will come into effect from the date of issue.By this notification the process of verification after e-filing of any Income tax return has been modified only.Before this notificati
Back to Back Works Contract under Service Tax � Brief Analysis CA. Monalisa KhuntiaIntroductionWorks contract, as understood in trade, means a composite contract involving both supply of goods and provision of service. As per Article 366(29A) o
Lot of students asks me the options available to them while they are doing CA or after completing CA. And one of the most asked question is �should they go for a CFA degree�. The reason of writing this article is not to tell you how to do
Long back, one would imagine an accountant as a desi geek, wearing peculiarly erudite spectacles, called Munimji. In his modern avatar, he or she is recalled as a sincere looking and suited up scholar, called a Chartered Accountant, more fondly a CA.
With the advent of Digital India, as and when our PM talks about to make a digital India, the pace of technology has been grown up and everywhere Govt. has emphasized on each and every thing in India should be done with technology or should be kept w
In the wake of Liberalisation, Privatisation and Globalisation,(L.P.G) developing countries should have regulatory system w
INTRODUCTIONBackgroundSection-145(2) of Income tax Act, 1961 empowers Central Government to issue Income Computation and Disclosure Standards (ICDS).Key Features of ICDS Effective Date of ICDS is 01stApril, 2015e. AY: 2016-17 onwards. ICDS applicable
SCHEDULE VII / SEC 135CORPORATE SOCIAL RESPONSIBILITY1. APPLICABILITY:Companies (Either private or public) having, Net worth of Rs. 500 crores or, Turnover of Rs. 1000 crores or, Net profits of Rs. 5 crores, Have to spend at least 2% of it
Learning Series on CSR LAW in India (2nd Issue)Some Confusing & Debatable CSR IssuesIntroduction1.1.1 The law relating to CSR in India is provided in Section 135 of the Companies Act, 2013 read with Schedule VII of the Act and The Companies (Corp
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English