Popular Articles

Applicability of Audit

Posted by Danish Jain 22 July 2023 186520 Views

I have tried to summarized the types of audit which are mandatory by law in this article. Hope you will be benefited from this article.

8 steps to change contact details in GST portal

Posted by CS Karan B. Khattri 06 April 2018 185303 Views

8 Simple steps to change Email and Mobile Number of Authorized Signatory in GST Portal (For proprietorship):Step 1Login to GST portal i.e. https://services.gst...

Power to call for general information u/s 133(6)

Posted by sivadas chettoor 09 December 2013 185087 Views

POWER TO CALL FOR GENERAL INFORMATION U/S 133(6) OF THE INCOME TAX ACT 1961- A STUDY INTRODUCTION:The Hon Supreme Court of India, in August 2013, pronounced its judgment in Kathiroor Service Cooperative Bank Ltd & Others V Commissioner of

Accounting Treatment of Forward Cover in Different scenario

Posted by Nirmal Shah 09 October 2012 185047 Views

In global scenario, import and export transactions are commonly used by every industry and these transactions are increasing day by day. In last couple of years, rupee and dollar exchange prices movement are drastically changed and due to

Pension- Taxation issues

Posted by ESHA AGRAWAL 06 October 2014 184202 Views

Pension is a retirement benefit; this is taxed as salary in the hands of the employee. Tax is deductable under section 192 of income tax act on payment. Family pension received by the dependence of the employee is taxable under th

TDS u/s 194C-(Applicability in certain cases)

Posted by Yogesh Agarwal 02 February 2012 184098 Views

The section deals with the deduction of tax at source from the payment made to contractor. However, I am not dealing with the whole provision of the section but only with the contract for printing job or rather say manufacturing or supplying a pro

Preparation of Cash Flow Statement

Posted by RaGHuRaM 29 May 2012 183885 Views

Cash flow statement.As the name itself indicates the statement which only deals with inflow and outflow of cash (and cash equivalents) during the accounting year. Our work is to classify those inflows and outflows into three activities namel

As-22 Accounting for Taxes on Income - Brief Note

Posted by Shreya Sanghvi 03 November 2010 183673 Views

Accounting for Taxes on Income : What is the Object of this standard? In number of cases, the accounting income is different from taxable income that is profit as per Profit & Loss account is different compared to Income

Accounting Ratios

Posted by CA.Tarun Maheshwari 14 June 2016 183585 Views

To test Name of Ratio Formula Parties interested Industry norm Liquidity and Solvency ...

TDS u/s 195: Reimbursement of Expenses

Posted by CA Rohit Gupta 27 February 2015 182930 Views

Taxability of Reimbursement of expenses has always been a contentious issue. In most of the cases, assessee get away with non-taxability of reimbursement of expenses on the plea of no profit element. However, in some cases, even without profit elemen