Popular Articles

Rich are getting richer and poor getting poorer

VIKAS.A 23 May 2013 at 12:26

Hi Friends, Rich are getting richer and Poor are getting Poorer, Even though literacy rate gone high and child labour plunged. Why is it so? I Guess the only reason is we are literates but not Financial literates. Money is one form of power. But wha

Process for Filing Application u/s 119(2)(b) of IT Act, 1961

CA. Bhavik P. Chudasama 08 December 2023 at 14:07

Filing an application under Section 119(2)(b) of the Income Tax Act in India typically involves specific procedures.

How to crack group discussion

Shaurabh Gupta 04 June 2016 at 11:02

How to crack Group DiscussionHello friends, I would like to share with you how we can tackle group discussion (i.e. GD). GD is an important part of interviews and most of us don't know how to survive in GD. First of all we should know that GD is not

How to reduce NPA?

CA Rohit Jain 23 July 2016 at 11:59

Banks can take following steps to keep the NPAs at an acceptably low level

Leave travel concession / assistance - Taxation issues

ESHA AGRAWAL 10 August 2015 at 10:40

We go on travel with our families ,if we can get tax benefits, why waste it. Hence the article on Leave Travel allowance or LTA. Have you claimed LTA? Leave Travel Allowance (LTA) is basically defined as the cost of travel granted to e

Embezzlement-Arthshastra, Audit and Tax

Lekshmi 28 November 2011 at 13:14

Fraud, embezzlement, concealment of material facts, misappropriation, the list seem endless when the auditor is involved in the examination of financial statements. Chanakya who lived in India, is considere

FII Investment - Usage of P-Notes & PCC Structures

Yogesh Kumar 28 January 2011 at 14:20

FII Investments - Usage of P-Notes and PCC Structures[1] SEBI Circular no. CIR/IMD/FIIC/1/2011 dated January 17, 2011 is in continuation of the government policy intent to balance the need to allow the flow of FII funds and at the same time to ens

Failure to voluntarily apply sec 50C does not attract penalty

Amit Bajaj 29 April 2011 at 15:09

The ITAT Mumbai has given an important decision on levy of penalty u/s 271(1)(c) of Income Tax Act when a person fails to declare capital gain as per the deeming fiction of section 50C, I find this Judgment very useful and sharing it for the benefit

Indian Accounting Standards

CS DHANAPAL 18 January 2016 at 18:43

In exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 and sub-section (1) of section 210A of the Companies Act, 1956, the Central Government, in consultation with the National Advisory Committee on Accoun