Popular Articles

Section 68 of Income Tax Act 1961

Amit Bajaj 19 May 2011 at 13:17

According to section 68 of Income Tax Act 1961, where any sum is found credited in the books of an assessee maintained for any previous year, and the assessee offers no explanation about the nature and source of the same or the explanation offered b

Which ITR to choose for Commission Agents: ITR 3 or ITR 4?

Soumya Laha 21 September 2018 at 15:37

Commission Agents are Businessman or Professionals? What do you think?If you think that Commission Agents are Professionals, then you are wrong. Many people tho..

Time value of money in financial management decision making

Anand Varma, FCA; FCS. 24 August 2013 at 11:53

Time value of money in financial management decision making 1 Role of a Company Secretary in management of financial instruments A Company Secretary is the key to the efficiency and effectiveness of governance by the Board of Directors. In order t

Finalization of Balance Sheet (Practical Aspect)

SANYAM ARORA 05 October 2012 at 11:19

Greetings of the day to all the members of CCI Family. INTRODUCTION In this Article I will be discussing about some vital issues which arise while finalizing the Accounts. There are some points

Dividend Stripping u/s 94(7) of Income Tax Act

CA. Rishabh Mittal 08 March 2010 at 11:14

Dividend Stripping - Section 94(7) Suppose Record Date for Dividend / Income - 31.01.2010 Acquisition of Shares / Units of MF – Within 3 months prior to the record date (01.11.2009 till 31.01.2010) Sale or Transfer of ·

GST Rate for Hotel Industry

Shobhit Gupta 06 July 2017 at 10:37

Impact of GST on Hotel Industry

Sec 138 - companies act, 2013- compulsory internal audit

CA Sripriya K 18 February 2015 at 10:28

Introduction and Old Vs New Section 138 of the Companies Act deals with Internal Audit of Companies. This section states that certain classes of Companies shall be required to appoint an internal auditor who shall either be a Chartered Accounta

The Companies Act, 2013- Provisions relating to Annual return

G S Rao 24 September 2013 at 12:15

Introduction: The Companies Act, 2013 will now replace the old Companies Act, 1956 and will come into full operation when the Central Government notifies the operation of all sections and finalizes the Rules which are now on display for comments. Ve

No TDS on Service Tax Component

CA Pankaj Galhotra 28 January 2010 at 14:07

NO TDS ON SERVICE TAXWith the advent of service tax, an interesting question has arisen whether tax is deductible at source under the IT Act even in respect of the service tax component of the pro

UPI Transaction Limits Starting From April 2026

Chaitra Seetharam 05 March 2026 at 11:28

UPI rules for 2026 explained: ₹1 lakh daily limit for most users, ₹5 lakh for select payments, ₹5,000 cap for new users, plus new ATM withdrawal charges and enhanced security rules effective April 1, 2026.