Popular Articles

Basic terms used in real estate industry

CA Pankaj Jain 22 January 2016 at 10:36

Acre- Often used in Indian Real Estate unit of measurement of a big chunk of land area. 1 Acre equals to 43560 Sqft.Agreement to sale- A written agreement to sell in future between seller and purchaser in which the purchaser agrees to buy certain re

Interplay of Sec 44AA, 44AB and 44AD of the Income Tax Act, 1961

CA.R.S.KALRA 30 August 2021 at 17:21

There are various monetary limits u/s Sec 44AA, 44AB and Sec 44AD relating to maintenance of books of accounts and audit. These provisions have created ambiguity among taxpayers and professionals.

Action plan - May 2014

CA. Dhiresh Kochar 01 February 2014 at 15:54

Hi Friends,This is CA. Dhiresh Kochar. Hope You liked my earlier article "Who Am I? I A'm a Champion" that message was just to shake you up and get you back on track towards your mission that is MAY'2014 -- Chartered Accountancy Exa

Tax Exemption on Leave Travel Allowance

T E Gautham 23 November 2013 at 13:46

As a company engaged in the business of payroll processing and statutory compliance related to payroll, we wonder if the tax law governing tax exemption on Leave Travel Allowance (LTA) is among the most complex tax legislations in India. Each year or

Reverse Charge Under GST regime

Arti Agarwal 07 September 2017 at 10:40

Generally, the supplier of goods or services is liable to pay GST. However, in specified cases like imports and other notified supplies, the liability may be ca..

Some relief to auditors, from hanging penalty sword of Rs 25,00,000

CA Ravi Taori 30 December 2015 at 16:51

26th March 14- Sec 143(12) of Company Act 2013 was notified, which created obligation on auditors to report certain frauds to Central Government (Secretary MCA)As it is a law, materiality limit is not applicable unless specified. So auditor has to re

Position of Chartered Accountants under Companies Bill, 2011

RG - A Helping Hand 26 December 2011 at 11:31

Dear All, In my earlier post I have described the position of Company Secretaries in the Companies Bill, 2011 and promised you to write something about position and interests of Chartered Accountants in the Companies Bill, 2011. Before starting

194Q Vs. 206C(1H) of the Income Tax act, 1961

CA Preksha Choraria 05 February 2021 at 14:40

The Finance Bill, 2021 has introduced section 194Q – TDS on purchase of goods which is having a resemblance to section 206C(1H)- TCS on Sale of Goods brought in by Finance Bill, 2020.

Struggle today for a better tomorrow

Vikash Maheshwari 23 September 2016 at 11:10

Time just flies, whether good or tough. Though, tough times seem to last forever. Each moment feels like a decade. And a course like CA demands a lot of hard wo..

Method of Accounting of VAT

Sundararajan S 28 December 2015 at 16:14

Value Added Tax � Method of AccountingS. �Men may come and men may go, but I go on forever� says this Value added tax system amidst the chaos of Goods and Services Tax. This system of VAT was introduced in TamilN