Popular Articles

Basic - Operating and Finance Lease

RAHUL GANDHI 31 March 2012 at 14:52

LEASE (FINANCE AND OPERATING) AS -17 Definition:- Finance Lease :- A finance lease is a lease that transfers substantially all the risks and rewards incidental to ownership of an asset. Title may or may not eventually be transferred. In other wor

Basic of Stock Audit

CA Satish Badve 08 January 2012 at 15:35

Preface: The exercise of stock audit was initiated by the banks in way back 1992 onwards, after Harshad Metha Scam. The idea is to verify the security offered to the banks against

Exam Tips for Quick Memorising

@VaibhavJ 09 October 2013 at 12:37

Exams are nearing day by day & tension is rising eventually causing bad memory & loss of concentration. Here goes quick Tips for memorizing the material as quickly as possible. (Please note if you are appearing in Nov13 exams & if thi

All about HUF its creation and tax benefit

CA Vinay parmar 03 July 2013 at 12:10

A HUF is a separate entity for taxation under the provisions of S.2 (31) of the Income Tax Act, 1961. This is in addition to an individual as a separate taxable entity. This indicates that a person may be assessed in two different capacities- as an

Section 135 of Companies Act-2013 CSR

CA. Jagdish Sitapara 02 January 2014 at 13:05

Corporate Social ResponsibilityUnder The Companies Act - 2013 Section 135 Applicability: Every company having:-Net worth of ` 500 crore or more, orTurnover of ` 1000 crore of more, or Net profit of ` 5 crore or more,During any financial year shall c

Concept of Additional Director and procedure for Appointment

CA Manish 14 December 2012 at 11:45

Concept of Additional Director Provisions related to appointment of Additional director (Section 260):- Although Directors are appointed by the shareholders in the General Meeting but section 260 authorize Board to appoint additional directors. Sect

TDS/TCS Rates Chart for A Y 2014-15

CA Pardeep Chanana 04 June 2013 at 17:06

TDS Rate Chart for A Y 2014-15 on Payments other than Salary and Wages Section No. Nature of Payment Threshold Total Payment During the Year Payment to Individual or H

Statutory Audit of Branch of The Bank

CA Satish Badve 13 January 2012 at 12:24

The bank branch statutory audit is a yearly task and has a vital importance due to following reasons. 1. Time for completion of audit is very limited and the audit had to be completed on or before specific date. 2. Increase in instances and new te

Integrated Accounting System : An overview

Pankaj Pendse 11 June 2012 at 12:02

Integrated Accounting is a distinguished accounting system in which the accounts are integrated and only a single set of accounts are maintained. Essentially it avoids maintenance of Accounts under cost accounting & financial accounting. Thi

Changes in service tax from 1st April 2015

Bimal Jain 01 April 2015 at 16:33

New Service tax rate of 14% is not effective immediately and shall come into effect only from a date to be notified later:The Union Budget, 2015 has proposed an increase in the rate of Service tax from 12.36% to flat 14% with abolishment of Education