Popular Articles

How to study for success for Auditing and get good marks?

Mythreya 25 February 2010 at 11:31

How to study for Auditing?For some this subject is the easiest thing on earth to score marks and this has nothing to do with mere English skills (I have seen many a fluent English speaking student fail miserably in this subject) whereas for some this

Gifts to and from HUF

vinay v. kawdia 01 May 2014 at 11:24

In this article, the author endeavours to prescient the amendment by Finance Act, 2012 in the definition of 'relative' in Explanation (e) to clause (vii) of Section 56. The article also critically analyses the recent judicial decisions on the

Taxability of VRS Compensation

CA Mandar Joshi 29 November 2011 at 13:54

Whenever any employer organisation decides to introduce a scheme of Voluntary Retirement from the service, the main issue with employees' union, apart from consensus on VRS Compensation amount, is Taxability of that amount since the amount is

House Rent Allowance - A tool of Tax planning for employees

CA Chandra Kishore Bajpai 13 November 2013 at 12:40

House Rent Allowance (HRA) is second component which is found in each pay slip after basic salary. This is the major contributor in tax relief for the employee who reside in rented house during his/her employment.Generally employee submits Rent recei

Schedules under Companies Act,2013

CS M.Kurtrala Nathan 06 March 2014 at 12:58

Companies Act,1956 Companies Act,2013 16 Schedules 7 Schedules The Companies Act,2013 has skips the following schedules ; Schedule Particulars Remarks IA List o

GSTR 9C : Penalty for late filling

Venkatesh Neeli 21 August 2021 at 09:56

Penalty levying for GSTR-9C for late filing u/s 125 of CGST Act is unconstitutional and unfair where late fees has already been collected by the government for GSTR -9.

Basic understading of service tax

Renuka 21 June 2010 at 13:11

Basically Taxes are of two types those are direct and indirect taxes.

MCA notification on Amendment to Sch II of Companies Act 13

CA Amit Kumar 02 September 2014 at 11:10

MCA notification on amendment to Schedule II of Companies Act; 2013Ministry of Corporate Affairs has amended Schedule II (Useful lives to compute depreciation) of the Companies Act; 2013 by issuing notification dated August 29, 2014. Schedule II of t

Convertibility of Indian Rupee

PRATEEK PATEL 03 March 2009 at 22:25

Convertibility of Indian RupeeWhat is Convertibility? Rupee convertibility means the system where any amount of rupee can converted into any other currency with..

GST Input Credit furniture and fixtures

sanjay singhal 05 February 2018 at 10:50

GST Credit of Input tax paid on Furniture and fixture. As per section 16 of CGST act , Every registered person is entitled to take credit of input tax charged ..