Popular Articles

Few Notable points regarding Indirect Tax (IDT) preparation

Posted by Ankur Garg 04 September 2014 126215 Views

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

Posted by Manoj BG 12 June 2013 126138 Views

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

Posted by Ajay Mishra 17 September 2013 125953 Views

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

TCS on Sale of Overseas Tour Package

Posted by Harshit Panjwani 17 April 2020 125837 Views

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.

Point of Taxation Rules

Posted by Annu Agarwal 31 October 2014 125809 Views

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

Purchase Process in SAP environment-with an Accounting view.

Posted by Ramanreet Singh 13 July 2010 125809 Views

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

Special Reserve created under section 36(1)(viii)

Posted by Member (Account Deleted) 18 August 2014 125756 Views

Special Reserve created under section 36(1)(viii) of the Income Tax Act, 1961 and Deferred Tax Liability on it.As per section 36(1)(viii) of Income Tax Act 1961 in respect of any special reserve created and maintained by a specified entity, an amount

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

Posted by P ESWARAMOORTHY 18 November 2013 125505 Views

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

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

Posted by SANJAN DE 01 April 2022 125306 Views

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.

Impact of GST on Rentals from Immovable Property

Posted by CA Vipin Garg 12 July 2017 125117 Views

Under GST Regime, "renting of immovable property" is included in schedule II which defines it as supply of services on which the GST rate is 18%. However Entry ...