Popular Articles

How to Deal with order U/S 263 of IT Act

Kkchhaparia 26 April 2013 at 11:35

1. Section 263 deals with the powers of the Commissioner to revise the orders pre-judicial to the interest of the Revenue. During recent times, this power is being utilised frequently, particularly with respect to assessment passed u/s 147 of I.

Accounting for Interest incomes, accrued and TDS on fixed deposits

Manjunath M Panchaxarimath 24 April 2018 at 10:58

I am writing this article to spread knowledge on how to account for Interest Income on Fixed Deposits and the Interest Accrued thereon for the year end cases.

Reporting of FDI in India through FC-GPR

Ankur Garg 01 October 2014 at 12:31

Dear Professional Colleagues, Some time back I had shared an article titled Indirect Foreign Investment or Downstream Investment in India where we had discussed the meaning and procedure for Indirect Foreign Investment or Downstream Inv

GST on Legal Services Provided by Advocates

CA Arun Chhajer 19 August 2019 at 10:31

Is GST applicable to legal services provided by advocates, senior advocates and advocate firms? Are they covered under Reverse Charge Mechanism (RCM)? Is an advocate required to be registered under GST? When are legal services exempt from GST?

4 Reasons for the depreciation of Indian Rupee

CA Simarpreet Singh Gulati 22 August 2013 at 12:35

The Indian rupee has slid to a historic low against the dollar. Wonder what causes such movements? Read on.... Rupee has touched a historic all-time low by dropping below Rs 60 (against $1). There are several reasons which have led to this r

Old vs. New Tax Audit Report - A Y 2014-15

CA Pardeep Chanana 30 July 2014 at 10:58

Changes made in Tax Audit ReportAssessment Year 2014-15 Sr. No. Particulars Old Report New Report Changes are reflected by Bold Letters 1. FORM NO. 3CA 3. In * my/our opinion an

Key Highlights of Budget 2016

Guest 29 February 2016 at 15:08

INTRODUCTION Growth of Economy accelerated to 7.6% in 2015-16. India hailed as a bright spot amidst a slowing global economy by IMF. Robust growth achieved despite very unfavourable global conditions and two consecutiv

Corporate Board Resolutions in Companies Act, 2013 Part - 2

Ankur Garg 02 September 2014 at 11:09

Dear Professional Colleagues, Board resolutions are an important part of Indian Secretarial System. All the powers available to the board can be exercised through a board resolution. Further it is very important to draft the resolution in precise and

Proper Articleship

Madhukar N Hiregange 06 July 2012 at 13:00

IMPORTANCE OF PROPER ARTICLESHIP The Chartered Accountancy course in India is amongst the best of its kind in comparison to the courses offered in other countries. Also, it is rated as one of the most difficult professional courses among all other s