Popular Articles

Ind AS 116 - Leases

CA Ankit Jain 24 June 2019 at 11:22

This article aims at covering most of the concepts of recently issued Ind AS 116 by the ICAI and MCA which will supersede the earlier issued s

Karniti Part9: Starting New Business! Follow the Laws!

CA Umesh Sharma 05 November 2013 at 12:25

Arjuna: Dear Krishna, After Laxmipujan, on Padva, New Year is starting. Many new business ventures and activities are inaugurated on this auspicious occasion. In Diwali festival this day have a great importanc

All about IND AS and its implementation

CA Pooja Dhoot 02 May 2019 at 11:19

IND AS stands for Indian Accounting standards and are converged standards for International Financial Reporting standards.

Why do I consider Purchase Order, an important Internal Financial Control?

Tulasi S Sastri 30 March 2015 at 10:48

We all know that Purchase Order is a document, released by an organization, to a vendor, to make supplies of a specified item or material, at a given price, of specified quantity, quality and description. If the mandate to a vendor is for specified

Petition u/s 397/398 - Subsequent events - Scope?

Durga Rao 17 July 2012 at 12:31

Section 397/398 of the Companies Act, 1956 provides relief to the minority shareholders against the oppressive actions of the majority and the mis-management in the company. Section 399 of the Companies Act, 1956 deals with the issue as to who can

Punitive Provisions relating to Statutory Auditors Under Companies Act, 2013

CS DHANAPAL 25 July 2014 at 12:38

Companies Act, 2013 seems to have laid lot of emphasis on audit which is evident from the fact that it has prescribed four different kinds of audits for companies, namely, Financial Audit, Internal Audit, Secretarial Audit and Cost Audit. In its purs

Why GST in India is unique?

CA Jigar Shah 04 April 2017 at 11:18

France was the first country which introduced a comprehensive GST Regime in 1954.GST rates in various countries ranges from 5 per cent to 25 per cent.

Case Study on GST Act 2017

FCS Deepak Pratap Singh 16 December 2022 at 08:56

A Contractor is about to transfer Capital Assets, Tools and Spares from one of his sites at Maharashtra to another site at Gujarat and wants to understand GST applicability in this case.

At the verge of financial reporting

Aditi Jhunjhunwala 27 July 2012 at 14:59

At the verge of financial reporting- MCA comes up with amended format for Abridged Balance Sheet and Profit and Loss Account Just as companies have declared the financial results for FY 2011-12, the Ministry of Corporate Affairs (MCA&rdqu