Popular Articles

Capitalization of Borrowing Cost

Posted by CA Prashant Gupta 15 May 2013 44464 Views

In this competition market mostly business work on borrowed funds. Finance has the work to arrange and utilize the funds. But after this Q is raised, when this borrowing cost will be capitalized and when it is charged to revenue. AS-16 deals with th

Rate changes of Key items by GST council

Posted by Mayur 07 October 2017 44458 Views

ST implementation is a huge transformation and will definitely take time span on 1 to 2 years before being stabilized.

All Penalties under Companies Act, 2013

Posted by Vinita Verma 24 June 2016 44456 Views

The law poses various obligations to be discharged by the Companies , Directors, Managers and other Officials. Non-compliance of such obligations attracts punishment which may be imprisonment and/ or fine/ penalty. The new Companies Act, 2013 has com

TCS Provision at a Glance for FY 2017-18

Posted by CA Shubham Singh 01 November 2017 44442 Views

All TCS Provision such as Rates of TCS, Exemption from TCS, Due date for deposit of TCS, Due date for Filing TCS Returns, Interest on late deposit of TCS etc.

Capital gain - Exemption u/s 54 & CG Scheme account

Posted by CA Neil Ganatra 02 January 2013 44432 Views

Capital Gain Exemption & Capital Gain Account Scheme Sec. 54 (2) of the Income Tax Act provides as under: The amount of the capital gain which is not appropriated by the assessee towards the purchase of the new asset made within one year

In-depth Analysis of CA Final Audit New Course Paper (Nov 19)

Posted by CA Ravi Taori 21 November 2019 44430 Views

Nov 19 CA Final Audit exam paper was a cakewalk by all means; it was much much simpler than May 19 exams. Here are the highlights of the paper.

How to prepare CA or CS with Coaching at the same time

Posted by RG - A Helping Hand 08 December 2011 44380 Views

There are quite a few students who are taking coaching to achieve their professional dream or success. But really it is very tuff for students to manage study along with coaching classes considering the time required for coaching classes. But ther

DIR 3 KYC : A Director's KYC form - FAQs

Posted by CS Jigar Shah 10 July 2018 44380 Views

Know your customer (alternatively know your client or 'KYC') is the process of a business identifying and verifying the identity of its clients. The term is als...

Taxation for Contractual Employees and Freelancers

Posted by Shubham 12 November 2020 44366 Views

In the case of contractual employees and freelancers, there is no employer-employee agreement. Thus, it comes under the ambit of professional services and TDS for the same is deducted u/s 194J.