Accounting for Bad debt written off is done in two methods, allowance method and Direct written off method.
Introduction: The free movement of goods across India without any checkposts in between
In an attempt to curb black money, FM Arun Jaitley in his budget speech announced some restrictions on cash transactions. Here is a brief on such amendments.
Derivatives & Capital Market�To reap a return in ten years, plant trees. To reap a return in 100, cultivate the people.� ― Hồ Ch� Minh To begin withCapital markets help channelize surplus funds from savers to institutions which
Introduction 1. Auditing is connected with Accounts. Auditing is an examination ( Independent) of Financial information ( Balance sheet & Profit and loss Account). The practical exposure gained during your practical training will be ad
History of Chartered AccountantsInteresting FactsICAI StatsICAI factsFamous CAs
House Rent Allowance - Rent Paid to Wife??(My grandmother says in Hindi, "Salary is tankha - tan means body, kha means eat). Often my clients from industry ask my advice for reducing their tax incidence. Earning a monthly salary they often end up cou
Amount received by erstwhile partners on Admission of a new partner to the partnership firm � Taxability under the Income Tax Act, 1961.Reduction of share in partnership firm by an existing partner in favour of a new partner does not attract Ca
The due date to deposit TDS and file TDS Return is 7th of the succeeding month and last day of the month succeeding the quarter.
Tax planning under section 80C (Chapter VIA) Investment avenuesIntroductionIn order to tax individuals on basis of their earnings (higher tax bracket for high income group and lower tax bracket for lower income group) income tax department le
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English