Section 14A was introduced in the Income Tax Act, 1961 by the Finance Act 2001 with retrospective effect from 1st April 1962. The intent of introducing this section was reiteration of the well settled legal principle that when an assessee incurs any
No one wants to be a looser. Once we start a journey, we wouldn't want to stop mid way until we reach our destination. CA is one such journey. Most of us
Working and getting experience in BIG4s is a dream for almost a majority of the students aspiring to become Chartered Accountants.
The purpose of the Management Representation Letter on various matters is to focus the management's attention on those matters so that the management can specifically address those matters in more detail than would otherwise be the case.
Hello friends, Hope all are busy in revisions and few of you have just started preparing for exams. Okay, now let discuss the title I have given for this article. How, are you preparing your INCOME TAX paper?? Have you read institute's income
If the accounting profession is committed to development, then it should commit itself to combat corruption.Introduction:Corruption is one of the most damaging consequences of poor governance, and the Chartered Accountants (CAs) create strong governa
VAT Problems In E-Commerce Transactions Amazons Karnataka Case Study (A Potential Noscitur Principle Issue) E-commerce transactions in India are gaining popularity at the very fast pace majorly due to its attributes of ease of shopping
Section 44 AB Inserted by the Finance Act, 1984, w.e.f., 01-04-1985: A boon to C.As Practice. Up to that time, except Bank Audits, Company Audits, there is not much difference between work handled by the Income Tax Practioners, (TAX) Advocates
Differences v DividendsØ Dividends are classified as a financial liability and are reported in the income statement as an expense. If dividends are declared subsequent to the balance sheet date, it is not recognised as liability. (I
There is a general perception that only people with an IQ level of 150 plus can get a rank in CA Final. If you feel the same way, think again. We asked a few freshly qualified CAs, who have not made it to the merit list, about their marks in CA Fina
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English