Popular Articles

CBDT Clarification :6th CPC Tax due on 60% arrears FY 08-09

Posted by RAJAN GUPTA 30 September 2008 24259 Views

Dear Friends,As I have already written a post about tax due on arrears from sixth pay commission .In that Post I have mentioned that as per section 192 of income tax act , tax is not deductible from the 60% of arrears which is to be paid in FY 2009-1

Five Steps to a Solid Accounting Practice

Posted by Sajjad Abidi 30 September 2008 20372 Views

When I was a consultant a few years ago, it always amazed me how much impressive information a CPA firm had about its clients and customers. Since CPAs had multiple clients and years of experience working with them, my consulting strategy was to tal

Fast Balalnce Sheet Analysis

Posted by CMA Jitendra Singh 29 September 2008 27819 Views

FAST ANALYSIS OF BLALNCE SHEET The Profit & Loss Statement describes you how your business is performing at that particular time and the Balance Sheet is the statement that tells you about the long-term health and strength of your business. The

Travel Cost Planning in Vacation Month

Posted by CMA Jitendra Singh 29 September 2008 3281 Views

LOW COST TRAVELING Making your vacation dreams to become’ affordable, does not mean that you have get a loan or put a second mortgage on your home or go into additional financial debt. The key is to do exactly what you are doing now research.

Credit Derivative

Posted by Shyam Murarka 26 September 2008 6385 Views

In finance, a credit derivative is a "financial instrument or derivative whose price and value derives from the creditworthiness of the obligations of a third party, which is isolated and traded."[1] Credit default products are the most c

Delay in Refund/ Rebate - Service Tax

Posted by Madhukar N Hiregange 26 September 2008 11677 Views

Delays in Refunds/ Rebates - Exporter of Services The basic principle in exports is that the taxes should not be exported. It is presumed that the Commerce Ministry as well as the Finance Ministry are in agreement on this aspect at least. In 2004 t

GTA- Service Tax - Issues

Posted by Madhukar N Hiregange 25 September 2008 93526 Views

Vexatious Issues under Service Tax - Goods Transport Agency Madhukar N Hiregange FCA, DISA(ICAI) SYNOPSIS The service tax on the goods transport agency was imposed w.e.f. 1.1.2005. This was after a committee went into the dif

Wall Street - The fall of the wall.

Posted by Aravind 24 September 2008 4204 Views

The US once more became the lender of last resort for its banks and industries battered by the subprime crisis, extending a $85 billion bridge loan to global insurer AIG. Immediate danger averted, the American banking system is now in unchar

Expenditure on website development

Posted by sudha 23 September 2008 12545 Views

Expenses on Development of Website : Capital or Revenue in nature Expenses on Development may be treated as Revenue Expenditure. Enduring benefit is not the only criteria for determining whether the expenditure is of capital or revenue nature. The r

AS 26 Accounting for Intangibles : A review with respect to Patents and Trademarks

Posted by sudha 22 September 2008 54569 Views

AS 26 Accounting for Intangibles : A review with respect to Patents and TrademarksMore often brands created are not recognized in the Balance Sheet. Companies invest huge amounts in advertisement and sales promotion which were earlier treated as def