Popular Articles

Internal Audit Process and Reporting

Dr. Rashid Mehmood, CPA, Ph.D 20 March 2013 at 11:28

I received a message from one of our club member and she was keen to learn internal audit process & reporting and requested for some sample audit report. I replied her to develop her own audit report and send me for review, after reviewing the

ST-Reverse charge Mechanism. Lets crack it

Saurabh Maheshwari 22 June 2013 at 12:11

Reverse Charge Mechanism under Service Tax Introduction Generally, liability to pay service tax is of the person providing taxable services, so the service provider collects service tax from the service receiver and deposit the same with

Cash transaction in income tax 40Aa(3) vs. 269SS/T vs. 269ST

CA Chetan Vispute 18 May 2018 at 11:25

https://youtu.be/TImUKdTmoEMSection 269ST:Prohibits receipt of an amount of Rs. 2 lakh or more by a person,In aggregate from a person in a day; orIn respect of ..

Revised Schedule VI Head Wise Classification Concepts

MOHAMMAD SALIM 10 October 2012 at 11:28

As we know the Revised Schedule VI has introduced a concept of classified balance sheet. Para 1 and 3 of General Instructions for preparation of Balance Sheet defines current assets / non-current assets and curre

Meaning, features and advantages of IGST model

CS CHARU VINAYAK 10 May 2019 at 10:50

Q. What do you mean by IGST model? Describe various features of IGST model. Explain in detail the advantages of IGST model.Ans. Meaning of IGST Model

Last night preparation of IPCC : Group - 2

Member (Account Deleted) 08 November 2011 at 15:15

Hii...every one.. 1st of all Thank you very much for liking my last 2 articles... I hope it helped to those who were really in need this.. I know my articles are quite unique but not unrealistic... One should keep one thing in mind that "IPCC i

TDS for the works contract tax liability under TN VAT act

P.Jagadeeswaran 09 October 2013 at 12:36

In Tamil Nadu, The Tamil Nadu Value Added Tax, 2006 received the accent of the Governor of Tamil Nadu on the 14th of December, 2006 and was enacted in the Legislature as Act No. 36 of 2006. This act repealed TNGST Act, 1959 and TNAST Act, 1970. Th

Understanding Allowability of Business Expenditure u/s 37

Manish Kumar Agarwal 28 July 2011 at 12:37

Understanding Allowability of Business Expenditure under section 37 of the Income Tax Act, 1961 with latest case laws Section 37 of the Income tax Act, 1961 is a residuary section for allowability of business expenditure and the same is given be

EOU and its difference with SEZ

Manikanta Raju CA,CWA,(CS) 14 June 2010 at 11:52

Exported Oriented Units: Units undertaking to export their entire production of good & services may be set up under the EOU scheme Procedural Aspects: Application for setting up, to be made to- ü ‘Board of approval ‘ (BOA) for

Liability of Auditors under the Companies Act, 2013

CS DHANAPAL 30 November 2013 at 15:36

Auditors, Watch Out!! Lord Justice Topes had once famously remarked that: The auditor is a watchdog and not a bloodhound. Companies Act, 2013 does not seem to echo this thought! The kind of stringent measures prescribed against auditors