It is generally seen that there is confusion among taxpayers about maintenance of books of accounts under Income Tax Act like who is required compulsorly to maintain the books of accounts and for how many years one has to keep his books of accounts.
IFRS: IMPACT IN THE ASSET ACCOUNTING CYCLE An asset accounting cycle is akin to our Working capital cycle. It comprises of a purchase or in house production, consumption for business or capital appreciation and final disposal. This article envisag
Medical Insurance-some concerns The basic concept of pooling resources at large to compensate few who suffer losses due to unforeseen calamities finds mention in the ancient history way back to the times of Manu and Kautilya. India has a rich hi
DUTY DRAWBACK - CUSTOMS ACT, 1962 Duty Drawback is governed by a couple of sections in the Customs Act, 1962 namely Sec.74 and Sec.75. The common intention is apparently to refund the import duty borne by the importer on exporting the goods. One (Se
How to start your exam preparation Well friends, "How to start Exam preparation is indeed a very vital question" which float over or threatens every student after getting enrolled for a professional course. As per my personal observation most of ou
Link Part I Link Part II 4 IDIOTS ! OUR BEGINNING "PART III" Hi Folks !...Sorry for the delayed post !..For all who were keenly waiting for the next post, here it is..Kindly read & enjoy !..In fact, i thought of putting an end to
DIRECTOR’S RESPONSIBILITY FOR DISHONOUR OF CHEQUES? We need not go into the background concerning the usage of cheque and it is a reality now that the payments through cheque have become an indispensable part of the mercantile community and
What Happens in SAP?Contents:-1. Pre-Procurement Process2. Graphical Presentation of Procurement Process3. Procurement Process in detail4. GR/IR Clearing Accounts5. Explanation of accounting entries with the help of a case study.a) Booking of Purcha
Dear friends, many of you must be waiting for your CA Final results. Even i am waiting very eagerly. Results are just a week away now. It is very obvious that not only those whose results are expected, but even their parents and friends heart beats
EXEMPTIONS: Following companies are exempted from Registration: 1. Housing finance companies 2. Merchant Banking Companies 3. Micro Finance Companies (i) engaged in micro financing activities, providing credit n
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