Works Contract has always been a matter of dispute for judiciary as well as professionals. The Complexity of transactions can briefly be gauged from the fact that applicable provisions include levy of Sales Tax (As per State Acts), Service Tax (As
Finance Act 2012 has inserted a new section 80 CCG, This will be applicable for the A.Y. 2013-14. Following conditions must be fulfilled to claim this deduction: i. The gross total income of the assessee for the relevant Assessm
How to Calculate Index (Sensex & NIFTY)....!!! Stock market is a place where majority of people are interested in. I have got thousands of queries related to Index calculation (Sensex & NIFTY). In this article I have tried to explain the ca
Revision in format of Implementation of SA 700 (Revised) /SA 705/SA 706
The US CPA certification is offered by the American Institute of Certified Public Accountants (AICPA). This is a highly qualified designation and in order to acquire this designation, a candidate needs to fulfil all the predefined educational and experience criteria.
RELATED PARTY TRANSACTIONS UNDER NEW COMPANY LAW New Companies Act, 2013 emphasis on the Related Party Transactions and the manner of approval & disclosure thereof. Under section 188, consent of Board of Directors of company or in certain ca
Disallowance of Expenses in Computation of Profit and Gains of Business or Profession Part - I Section 40(a) of Income Tax Act, 1961 Purpose: Disallowance of expenses for computing income u/s 28 of Income Tax Act, 1961. Applicability: All assesses
Dear CS Students, This is second article of this career series. In my previous article titled Professional Courses to be pursued after or along with CA we had discussed career options available along with or after doing Chartered Accoun
Agricultural Income Tax treatment / Taxability Agricultural Income : Agriculture income is exempt under the Indian Income Tax Act. This means that income earned from agricultural operations is not taxed. The reason for exemption of agricultu
PREPARING FOR MAY/NOVEMBER 2011 FINALS (Especially for Self Preparing Students for May/Nov 2011 Examinations) | DHIRAJ A. RAMCHANDANI | INTRODUCTION I know, many of us are always confused regarding our exam preparations. Either our doubt i
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English