Popular Articles

Deferred Tax in Simple Words - PART II

Vignesh Killur 02 May 2012 at 11:22

The Day is 1st of April 2001; the Indian Accounting Fraternity is introduced to the concept of Deferred Tax. Accounting for Taxes on Income (AS 22) is applicable to different categories of enterprises from different dates. TABLE 1.

Few Notable points regarding Indirect Tax (IDT) preparation

Ankur Garg 04 September 2014 at 11:25

Dear Students, Now it is time to discuss few relevant points regarding Indirect Tax (IDT) preparation keeping in view November 2014 and December 2014 attempt. My previous four articles were about tips and tricks to handle Costing, Strategic Financial

Detailed analysis of new TDS Section 194IA

Manoj BG 12 June 2013 at 12:39

w.e.f 01/06/2013, new TDS section brought into effect for deduction of tax while making payment for purchase of immovable property other than agricultural land in rural area in India- Following are the conditions and operational mechanism- (1) T

Independent director under Companies Act 2013

Ajay Mishra 17 September 2013 at 18:04

An Independent Director (also sometimes known as a outside director or non-executive director) is a director (member) of a board of directors who does not have a material or pecuniary relationship wi

Point of Taxation Rules

Annu Agarwal 31 October 2014 at 10:31

Point Of Taxation Rules,2011We all know that there are several rules in Service tax like the Service Tax Rules,The Cenvat Credit Rules,Valuation Rules,Place of Provision rules.Likewise we have Point of Taxation Rules which define the point in time wh

TCS on Sale of Overseas Tour Package

Harshit Panjwani 17 April 2020 at 10:34

TCS on Sale of Overseas Tour Package was proposed in Budget 2020. As per TCS provision on sale of overseas tour package. every Seller of an Overseas Tour Programme Package is required to Collect Tax from the Buyer of such Overseas Tour Programme Package.

Audit and Auditors under the Companies Act, 2013 & Draft Rules

P ESWARAMOORTHY 18 November 2013 at 12:33

There is a huge tremendous Change in new Provisions under the Companies Act, 2013 with respect to Auditors as compared to the old Companies Act, 1956. The new Act intents to improve Corporate Governance and to further strengthen regulations. The Onu

Liabilities of the Auditor under Companies Act 2013

Neethi V. Kannanth 13 September 2022 at 08:59

When a person who has engaged an auditor, has suffered some loss, damage or detriment due to non-performance of duty by such auditor in accordance with the accepted professional standards, it shall give rise to the liability of the auditor.

Purchase Process in SAP environment-with an Accounting view.

Ramanreet Singh 13 July 2010 at 11:11

What Happens in SAP?Contents:-1. Pre-Procurement Process2. Graphical Presentation of Procurement Process3. Procurement Process in detail4. GR/IR Clearing Accounts5. Explanation of accounting entries with the help of a case study.a) Booking of Purcha

Major changes in Financial statements disclosures and audit reporting for FY 2021-22 and onwards

SANJAN DE 01 April 2022 at 09:23

MCA had introduced changes in Schedule III to the Companies Act, 2013 vide its notification G.S.R. 207(E) dated 24th March, 2021 and also introduced changes in audit reporting vide the Companies (Audit and Auditors) Amendment Rules, 2021 G.S.R. 206(E) dated 24th March, 2021 and the Companies (Auditor’s Report) Order, 2020.