Popular Articles

Managerial Remuneration (In a Simple way)

Posted by M. N. JHA 05 July 2010 157405 Views

Managerial Remuneration As per Company Act 1956, Managerial Remuneration should be include all the payment and benefit whichever incurred by a company on behalf of its management. Managerial remuneration may

Section 35 of Income Tax Act - A Student's Guide

Posted by Tony John 07 January 2016 156883 Views

With roughly 4 months left for May 2016 exams, it is high time the students taking up the exams start their preparations. Direct taxes is arguably the most voluminous of all papers. And In Direct Taxes, Profits and Gains from Business and Professions

Issue of Shares at less than FMV- Section 56(2)(vii)

Posted by MOHIT JAIN 21 March 2014 156858 Views

Analysis of Mumbai Tribunal Judgement in Sudhir Menon HUF (ITA No. 4887/Mum/2013)- AY 2010-11- Section 56(2)(vii) Facts:- Assessee was shareholder in a company and was allotted right shares (1,94,000) at face value of Rs. 100 each on 28.01.2010 The

Audit of Society - Registered under Societies Act, 1860

Posted by SANYAM ARORA 16 July 2012 156783 Views

Greetings of the Day to All the Members of CCI Family. Friends my last Article was on Audit of EIS - Audit of Educational Institutes (EI's) Friends Last Weak I got allotted for an Audit of

Tax Audit - A Glance (Part -III), Exhaustive reporting on 3CD

Posted by Karan Teli 17 September 2011 156729 Views

Greetings of the day to every one!!! I deeply apologise for the delay in writing my article but as you all know that as the Tax audit season going on, I am also engrossed in it and somehow tried to write this article with great efforts

14 Key Points on Ind AS 16 Property, Plant and Equipment (PPE)

Posted by Damandeep Singh 27 December 2020 156552 Views

Ind AS-16 deals with the accounting and depreciation of property, plant, and equipment, which are covered by the corresponding AS-10. Scope. Meaning of Plant, Property and Equipment (PPE), Recognition Principle, Component-Based Accounting, Initial Cost for Recognition, Subsequent Cost, Exchange for Non-Monetary Assets discussed.