Popular Articles

Some issues with Annual Information Return and Income-tax Return

Posted by CMA Gul S 01 October 2007 16107 Views

S.285BA of the Income-tax Act (Act) read with Rule 114E of the Income-tax Rules (Rules) requires certain specified persons to file Annual Information Returns (AIR) every year. Income-tax Return Forms, ITR - 1, 2, 3 and 4, applicable to Individuals/H

Profitable Trading In The Forex Markets

Posted by CMA Gul S 30 June 2020 4105 Views

The basis behind using technical analysis is to find trends when looking at the forex charts and be aware of when they first develop so you can ride the trend until it ends. The foreign exchange market is a very strong trending market, lots of ups an

Careful while investing- Mr. FM

Posted by CMA Gul S 01 October 2007 3692 Views

NEW DELHI: As Sensex continued its upward march on Friday, touching a new high of 17,361.47 points before closing at 17,291.10, finance minister P Chidambaram urged investors to adopt a cautious approach. "My advice to investors is that they should d

AS 17 likely to change with convergence

Posted by riya 01 October 2007 6999 Views

Dolphy D'Souza The Institute of Chartered Accountants of India (ICAI) recently decidedthat Indian Accounting Standards will be fully in line with the IFRS(International Financial Reporting Standards) from April 1, 2011. Thechange from Indian GAAP (Ge

FAQ on DIN

Posted by riya 30 September 2007 7996 Views

Frequently Asked Questions (FAQ) on 'Director Identification Number (DIN)' 1. What is Director Identification Number (DIN)? Itis an unique Identification Number allotted to an individual who is anexisting director of a company or intends to be ap

Accountant Malpractice Lawsuits - Collection Tool for Lenders?

Posted by riya 30 September 2007 7570 Views

Accountant Malpractice Lawsuits - Collection Tool forLenders?By Grusd, Neville Lenders occasionally sue accountants for malpractice.This generally occurs when the lender suffers a lossand claims that the advances were made in reliance onincorre

Gifts - Taxable or Non Taxable

Posted by Ravikumar.G 10 August 2020 26285 Views

Applicability :Individual and HUFTaxability:Any sum of money,aggregate value of which exceeds Rs.50,000 /- is received during the previous year without consideration,by an Individual or a HUF from any persons on or after 01.04.06 then the whole of th

Guidelines for preparation & appearance in exams

Posted by riya 30 September 2007 25235 Views

Examination Guidelines:While there is no substitute forhard work, here are a few guidelines that will supplement your efforts inpassing CA/CWA/CS examinations. PreparationStudy from Study Notes of the Institute for all subjects supplemented by othe

Microsoft Excel Fails Math Test

Posted by धारा - 1 29 September 2007 8678 Views

Microsoft's Excel 2007 spreadsheet program is going to have to relearn part of its multiplication table.Ina blog post, Microsoft employee David Gainer said that when computerusers tried to get Excel 2007 to multiply some pairs of numbers and t

Sec 43A of the IT Act Vs. AS 11

Posted by Ravikumar.G 29 September 2007 38708 Views

Suppose a machine was imported for one lakh US dollars when the exchange rate was Rs 45 per dollar. Both in the accounting records as well as in the tax records, the transaction would have been recorded debiting the asset concerned with Rs 45 lakh. B