Popular Articles

Changes in depreciation under new Companies Act, 2013

CA Sagar Khubchandani 29 July 2014 at 12:13

With new Companies Act 2013 round the corner and vigorous environment of analysis going on as to its impact on financial statements of the company,here is the analysis of one of the most vital elements, a non cash expenditure that impacts profitabili

Voluntary Compliance Encouragement Scheme 2013

Advocate Neerav Mainkar 12 December 2013 at 11:10

VOLUNTARY COMPLIANCE ENCOURAGEMENT SCHEME, 2013- ENGOURAGING ENOUGH? The Budget of 2013-14 ushered in a new gift for a multitude of service tax payers; or rather non-payers by announcement of the Voluntary Compliance Encouragement Scheme, 2013 or the

Combined Application of AS 11 & AS 16

CA Siddhartha Bhardwaj 28 October 2011 at 11:17

This article deals with the combined application of AS 11 and AS 16. This article defines a situation in which the exchange difference shall be treated as both borrowing cost as per AS 16 and exchange difference as per AS 11. In simple words the e

Section 44AD of the Income tax Act after Budget 16

MANSHI BAID 13 April 2016 at 10:39

SPECIAL PROVISIONS FOR COMPUTATION OF PROFIT AND GAIN OF BUSINESS ON PRESUMPTIVE BASIS(After Budget 2016)This section is nothing but provides a relaxation to the tax payers to declare income on presumptive basi

TDS under section 194N - Latest changes

Ramachandra 06 July 2020 at 12:48

The Govt.of India through Finance (No 2) Act 2019 had introduced a new section 194N in the Income Tax Act 1961, to provide for levy of Tax Deduction at Source (TDS) @ 2% on Cash payments in excess of One Crore Rupees

Happy Man's Shirt

Amol Gopal Kabra (CA,CS,DISA) 14 July 2011 at 15:13

Many amongst us know the story of the King who was in search of happiness. Still, Ill discuss it here so that you recall it. Long time ago there was a king who was very anxious and so he was not happy for n number of reasons. He had lot of

Good Revision is Critical of Exam Success

Ankur Garg 26 September 2014 at 10:37

Dear Students, Through this small write up I would like to raise an alarm regarding importance of good revision from November 2014 and December 2014 examination. Most of the students tend to neglect the proper revision of contents they have studied f

ERP IMPLEMENTATION - FACTS AND COSTS

LAKSHMANARAO UDANDRAO 19 June 2008 at 12:10

ERP IMPLEMENTATION – FACTS AND COSTS Enterprise Resource Planning (ERP) is a business management system which integrates multifarious functions of an organization. The success or otherwise of an ERP largely depends on selection of a suitable

GST on hiring of motor vehicles

Kusum Gandhi 09 September 2022 at 08:42

Clarifications regarding GST on renting of motor vehicles designed to carry passengers to be paid by corporate recipients /FirmsGovt. of India vide Circular No...