To constitute interstate sales, one of the basic requirement is that there should be sale. If a person sends goods outside from its state to its branch office in another state then it is not sale because you cannot sell goods to yourself. Similarly
Hi friends, since childhood I’ve heard lot of times “EXPECT THE UNEXPECTED” and always wondered how it is possible for anyone to do such. How can anyone expect something that itself cannot be expected or is almost difficult to even
Section 194B TDS on Winnings from Lottery According to section 194B of the Income Tax Act 1956, The person responsible for paying to any person any income by way of winnings from lottery or crossword puzzle or card game and other ga
Friends you all might hear about RIGHT TO INFORMATION (RTI). RTI ACT, 2005 is not just only an act but its power in your hand to change your country. First I am giving you an idea about RTI: As on date, over 85 countries have enactedand are implemen
Inflation Accounting Introduction: The basic objective of Accounting is the preparation of fi
Dear all,Practical questions are definitely the high scoring area.But if you rely only on the practical part you are digging your own grave.It has been a widespread diesease in students as they tend to ignore the theory part (specially in boys..Oh
Public Issues are in the air. You can call it the IPO season. It seems that the Primary Market is competing with Bollywood, releasing new issues every week
Leading Cases on Company Law As the trend of asking questions have been changed by ICAI, I thought this might be useful. I compiled these decided case laws from various sources like RTP, study module, compilation o
First I would like to thank all of you for sharing your wonderful thoughts on my earlier article titled Towards Professionalism published on 29th November. Out of the responses received, majority of the readers asked the most common question on PRES
Fraud, Fraudster and Failure of System Introduction:- My of article is based on only 3 words Fraud, Fraudster and Failure of system, means what is fraud, who is fraudster and what is the loophole in