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Accounting By Schools For Gratuity Benefit

Posted by Tikaram Chaudhary 24 February 2020 3410 Views

How Schools should do their accounting is explained by The Institute of Chartered Accountants of India in a guidance note GN(A) 21 (Issued 2005) Guidance Note on Accounting by Schools, here in after referred to as GN (A) 21.



MCA Amends Provisions related to NIDHI Companies

Posted by CS Lalit Rajput 18 April 2020 3407 Views

Provisions related to NIDHI have been amended under the Companies Rules by the central government. Nidhi companies have to apply to the Central government for updation of their status/ declaration as Nidhi Company in Form NDH-4.



How does work from home affects the NRI working from India

Posted by Taxblock 29 September 2022 3407 Views

Many non-resident Indians (NRIs) came to India just as COVID-19 had started to spread and were stuck in India for a longer period. The main concern after the pandemic was regarding the treatment of their tax liabilities. However, the government has come up with various rules about the residential status of these people.



The concept of revaluation reserves in insurance companies

Posted by FCS Deepak Pratap Singh 02 May 2022 3407 Views

Revaluation fund is the accounting term utilised when a business establishes a line item on the balance sheet for the purpose of maintaining a contingency account connected to other assets. A line item will be used when a re-evaluation appraisal shows that the carrying value of the asset has changed.



Alternative Minimum Tax (AMT): Applicability, Exemption, Calculation

Posted by Taxblock 22 February 2024 3406 Views

Alternate Minimum Tax or AMT was came into existence for non-corporate taxpayers who works on same principles. Though, applicability, exemption, way of adjusting income and reporting requirement etc. differ from Minimum Alternate Tax.



RBI relaxation due to COVID19

Posted by CS Lalit Rajput 27 March 2020 3405 Views

RBI relaxation due to COVID19



Key Takeaway: Report of Company Law Committee 2019

Posted by CS Divesh Goyal 23 June 2020 3405 Views

Key Takeaway: Report of Company Law Committee 2019



Certain changes in Goods Exemption Notification from January 01, 2022 to align it with HS 2022

Posted by Bimal Jain 31 December 2021 3405 Views

The CBIC vide Notification No. 19/2021-Central Tax (Rate) dated December 28, 2021 has amended relevant entries of the Goods Exemption Notification w.e.f. January 1, 2022



ICAI Announced Revised Schedule of CA May 2024 Exams

Posted by Priya Mulukutla 20 March 2024 3403 Views

The Institute of Chartered Accountants of India issued the detailed Revised Schedule of May 2024 Examinations on 19th March 2024.



Career in Digital Marketing in India 2023

Posted by Suhasinipro badge 24 November 2022 3403 Views

The term "digital marketing" refers to all forms of marketing that utilize digital technologies, primarily the Internet but also including mobile devices, display advertising, and other digital media.




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