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Types of Audits prescribed under the Companies Act, 2013

  CS DHANAPAL    20 September 2013 at 12:21

The new legislation is focused on transparency and disclosure and gives audit its due recognition. In the new Act, attempt has been made to cover each aspect of corporate functioning under audit by prescribing various types of audits like internal a



AS-26- Intangible Assets, Its Accounting Treatment And Disc

  ESHA AGRAWAL    07 March 2014 at 12:35

Hello everyone, thanks for the appreciation for the first part of AS 26, now we will start the second part of our AS 26, before starting the second part attaching first of the articlehttp://www.caclubindia.com/articles/recognition-of-intangible-asset



Draft Format of Tax Invoice under GST

  Sumati Bengani    06 July 2017 at 10:36

A draft format for tax invoice under GST regime has been made following the invoice rule and section 31 of CGST Act.



Accounting Treatment of Service Tax under Reverse Charge Mechanism

  CA Dileep Surya Kumar    20 November 2012 at 12:08

Accounting Treatment of Service tax and Cenvat Credit under New Service tax regime Note: The following are indicative accounting entries on the assumption that service receiver/manufacturer is eligible for taking Cenvat credit and service is an e



Declared goods as per CST Act

  Ravikumar.G    29 September 2007 at 11:33

Goods of special importanceThere are restrictions on imposition of sales tax on declared goods.Article 286(3)(a) of Constitution of India authorises Parliament to declare some goods as of 'special importance' and to impose restrictions and conditions



Depreciation rate as per companies act

  CA Rahul Verma    10 February 2009 at 15:11

RATES OF DEPRECIATION UNDER COMPANIES ACTSCHEDULE XIV[See sections 250 and 350] RATES OF DEPRECIATION__________________________________________________________________________ Single Shift Double Shift Triple Shift Nature of Assets



The Companies Act, 2013 - Provisions relating to related Party disclosures

  G S Rao    09 November 2013 at 16:01

Introduction: The Companies Act, 2013(the Act or New Act) aims at enhancing Corporate Governance by clearly defining the duties of directors and fixing additional responsibilities and defining the attributes and role of independent directors to



Capital gains exemption u/s 54EC of Income tax Act, 1961

  Amit Bajaj    12 March 2012 at 11:00

Section 54EC of Income Tax Act, 1961 provides an option to save tax on capital gain arising from the transfer of long-term capital asset subject to fulfillment of certain conditions. Provisions of section 54EC are being discussed herein below for the be



DERIVATIVES -BASICS TYPES AND USES

  jatin    27 September 2007 at 22:13

Roughly about seven years ago NSE , one of the leading stock exchanges in India(other includes BSE) inaugurated the trading in Derivatives .Though there were initial hesitation amongst Indian investors with respect to these supposedly new financial



New Section 44AD - Text and Discussion

  Amol Gopal Kabra (CA,CS,DISA)    11 May 2011 at 13:51

An overview of New Section 44AD of the Income Tax Act, 1961 that comes into effect from A.Y. 2011-2012 Section: 44AD Special provision for computing profits and gains of business on presumptive basis. (1) Notwithstanding anything




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