Popular Articles

Accounting Standard 2 simplified

Posted by Siddharth Kadakia 12 September 2013 116317 Views

Introduction Why is valuation of inventory so important? From a lay mans perspective there can be two reasons. Firstly since the closing stock of the previous year becomes opening stock of the current year and it goes because of the going c

Section 9 of CGST Act, 2017: Levy and Collection (Reverse Charge)

Posted by CA Manoj Gupta 20 June 2017 116155 Views

DISCUSSION ABOUT REVERSE CHARGE MECHANISM UNDER GST LAW

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

Posted by Mythreya 25 February 2010 116092 Views

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

Posted by vinay v. kawdia 01 May 2014 115400 Views

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

Posted by CA Mandar Joshi 29 November 2011 115311 Views

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

Posted by CA Chandra Kishore Bajpai 13 November 2013 115170 Views

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

GSTR 9C : Penalty for late filling

Posted by Venkatesh Neeli 21 August 2021 114786 Views

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.

Schedules under Companies Act,2013

Posted by CS M.Kurtrala Nathan 06 March 2014 114781 Views

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

Basic understading of service tax

Posted by Renuka 21 June 2010 114740 Views

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

MCA notification on Amendment to Sch II of Companies Act 13

Posted by CA Amit Kumar 02 September 2014 114659 Views

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