Popular Articles

What Constitutes Salary Income?

vidyasagar 18 March 2010 at 12:02

Income from Salary WHAT CONSTITUTES SALARY INCOME?"Salary" is the remuneration received by or accruing periodically to an individual for service renderedas a result of expressed or implied contract.Compensation or remuneration even in the f

Brief synopsis for chapters in Financial Reporting

Rahul Malkan 15 January 2014 at 11:13

Consolidated financial statements (CFS) which lead to the subsidiaries of the holding company its summative accounting figure. Putting another way, consolidated financial statements can be addressed as the combined financial statements of a parent

Service tax on Restaurants and Hotels

Bimal Jain 17 November 2014 at 10:36

Dear Professional Colleague,Service tax on Restaurants and Hotels - We are sharing with you an important judgment of Division Bench of the Hon’ble Kerala High Court in the case of Union of India and Others Vs. Kerala Bar Hotels Association and

Convergence of Accounting Standard

Mohit Lohia 26 August 2013 at 13:49

By all account well by most account its a done deal. After years of planning, world is heading towards convergence of accounting standard. It refers to the goal of establishing a si

Invoicing system under GST

Rohit Jain 28 June 2017 at 11:15

Invoicing forms a crucial function when it comes to the execution of a transaction. The invoice becomes a basic document for recording

Strategy to crack CA Exam

Sathish M 07 March 2016 at 10:56

How to prepare for my CA Examination ?There must be abundant material on �examination tips� available on the internet including the one�s in CCI Forum. Every time we look for some inspiring articles or personalities around us, it h

GST in Brief

CA Vishal Sharma 09 March 2017 at 11:21

Admirable step of Goverment

CBEC issues notification for TDS applicability, registration exemption and GSTR-3B due dates

Rinav Ashok Khakhar 19 September 2017 at 11:02

CBEC issues Notifications in respect of TDS applicability, exemption from taking registration and notifying due dates for filing of GSTR-3B

Reverse Charge Mechanism under GST

sanjay singhal 06 June 2017 at 11:29

In the normal course, indirect taxes are collected and paid by the supplier (trader, manufacture). For understanding, we may call it direct

Tax Audit u/s 44AB limit increased upto 5 Cr. w.e.f. AY 20-21- Is it applicable to all businesses?

Soumya Laha 20 February 2020 at 10:34

Tax Audit U/s 44AB limit has been proposed to increase up to Rs. 5Cr. from AY 2020-2021 for MSME sector in Union Budget 2020 but several conditions apply.