Popular Articles

Interest under Service Tax

AKASH PHOPHALIA 20 August 2014 at 11:14

Interest Hammer on assessee- Illustrated Interest on Service Tax is charged in accordance with the provisions of Section 75 of Finance Act 1994. Rate of Interest up to 01/10/2014 is simple interest of 18% per annum on delayed payment of tax (3% conce

Sensex and Nifty calculation simplified

CA Chiranjiv Kumar 05 November 2013 at 12:25

Have you ever wondered what the SENSEX and NIFTY is? How are they calculated? SENSEX i.e. Sensitive Index is the benchmark index of Bombay Stock Exchange (BSE) composed of 30 of the largest and most actively-traded stocks of BSE. Calculation Method

Guidance note on accounting by real estate developers

CA Sachin D Jain 14 June 2012 at 11:38

GUIDANCE NOTE ON ACCOUNTING FOR REAL ESTATE TRANSACTIONS (REVISED 2012) SIMPLIFIED 1) Applicability i) To the enterprises dealing in land, building and / or rights related thereto as sellers or developers. ii)

Registers to be maintained under the Companies Act, 2013

Varad Khambete 12 May 2014 at 11:11

A list of various registers to be maintained under the Companies Act, 2013 is given below in brief. Section Chapter/ Rule No.] Name of the Register Prescribe

Proposed income tax amendments in Budget 2012-13-Part-2

Amit Bajaj 20 March 2012 at 12:12

Consideration in excess of F.M.V of shares to be treated as income from other source if consideration received is in excess of Face Value of shares: It is proposed to insert a new clause (viib) in the aforesaid sub-section so as to provide that w

An overview of Section 194 J of Income Tax

Amol Gopal Kabra (CA,CS,DISA) 16 December 2009 at 13:55

Section 194 J – An overview (Effective 1.10.2009) Section 194J of the Income Tax Act, 1961 has the heading a “Fees for Professional and Technical Services”. However the Section covers the following categories 1. Fees for Profe

How to score well in CPT?

Guest 25 June 2013 at 12:09

Hey friends, Today I am going to tell you people how to pass or get a rank in CPT? The reason I am telling you people pass/get a rank is you have to pass in order to get a rank, and you have to follow my steps or take good things from my procedure

Self Study Vs. Tuition Classes - The Burning Debate

CA Sourabh Agarwal 19 September 2011 at 18:21

Should I go for self study or coaching? What subjects to take and what to leave at a time? Which faculty will be good? Either go for all subjects at once and then revise at own? I think almost each one of us has been caught in such a situation. The

Joint Products and By Products Theory

Venkat Rao Marella 18 August 2009 at 15:08

JOINT PRODUCTS AND BY-PRODUCTS Joint costs� Joint costs are those costs, which are common to the processing of joint-products or by products up to the point of separation. � In other words, joint costs represent pre-separation cost of