Popular Articles

As-22 Accounting for Taxes on Income - Brief Note

Shreya Sanghvi 03 November 2010 at 12:59

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

CA.Tarun Maheshwari 11 February 2009 at 12:30

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

How to file ROC Return ?

Member (Account Deleted) 29 November 2013 at 11:27

How to file ROC 1) Why we file Return of CompaniesBecause under Companies Act every company is required to file annual return. 2) When and what information is required to file. Companies having Share Capital Companies having no shar

TDS u/s 195: Reimbursement of Expenses

CA Rohit Gupta 27 February 2015 at 10:40

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

Merger and Amalgamation - An Overview

CMA. CS. Sanjay Gupta 26 April 2011 at 11:23

The terms merger and amalgamation have not been defined in the Companies Act, 1956 though this voluminous piece of legislation contains more than 50 definition

Pre & Post Shipment Finance in Export Trade

SSA JI 13 May 2008 at 10:20

Pre Shipment Finance is issued by a financial institution when the seller want the payment of the goods before shipment. The main objectives behind preshipment finance or pre export finance are to enable exporter to: Procure raw materials. Carry ou

Channel Financing / Supply chain financing

RAM KUMAR GUPTA 04 August 2015 at 10:44

Channel Financing / Supply chain financing. Channel financing is a structured programme though which the bank offers short term working capital facilities to the supply chain stake holders i.e. buyer and the supplier.

Circular Resolution under Companies Act, 2013

Chandrika. S 21 May 2015 at 10:52

Section 289 of the Companies Act, 1956 relating Section 175 of the Companies Act, 2013 states about the passing of resolution by circulation. The relating provisions are as below:(1) No resolution shall be deemed to have been duly passed by the Board

Section 194DA clarification needed

Rajesh Kumar Gupta 17 February 2015 at 10:42

Applicability of various provisions of Income Tax Act 1961 to Insurance policies: Also a debate over newly inserted section 194DAA brief DescriptionWith a view to inculcate a habit of thrift, GOI, has through Income Tax Act 1961 and various Finance A

Highlights of Section 194IA

CA Rohan jain 18 April 2016 at 16:47

Highlights of Section 194-IA (TDS On Sale/Purchase of IMMOVABLE PROPERTY)Crux :1.As per Finance Act of 2013, TDS is applicable on transfer of any Immovable Property(other than agricultural land), wherein the consideration of the property exceeds or i