Popular Articles

Applicability of section 56(2)(viia) on Buy back of shares

CA Nirmit Sharma 08 October 2018 at 11:03

Vora Financials Vs ACIT ITAT Mumbai BenchBrief facts of the case: M/s Vora Financials Services Private Limited (assesse) is engaged in the business of trading i..

Cases where Depreciation is allowed though Asset is not owned

Ajay Agrawal 01 June 2017 at 10:38

Cases Where Depreciation Is Allowed, Though Asset Is Not Owned By The Assessee

Bringing back the spark after results !

AASHI 17 July 2013 at 12:16

Dear friends, Finally, results are declared. Heartiest congratulations to those who did it and got the super awesome prefix to their name and for those who did not this write up are for you. First of all, stop cursing yourself. You have not done a c

CBEC issues guidelines for detailed manual scrutiny of ST-3 Returns w.e.f. August 1, 2015

Bimal Jain 09 July 2015 at 10:35

Dear Professional Colleague,CBEC issues guidelines for detailed manual scrutiny of ST-3 Returns w.e.f. August 1, 2015Background:The Central Board of Excise and Customs (�CBEC� or �the Board�) vide Circular No. 113/07/2009-ST d

Traders' Eligibility To Claim Credits On Unsold Stock

Rashmi Kedia 18 May 2017 at 11:19

The article covers the scenario where credit on the unsold stock was restricted under the current tax regime (e.g. credit of Central Excise or Countervailing D

IFRS: IMPACT IN THE ASSET ACCOUNTING CYCLE

CA S.SAIRAM 20 July 2010 at 13:45

IFRS: IMPACT IN THE ASSET ACCOUNTING CYCLE An asset accounting cycle is akin to our Working capital cycle. It comprises of a purchase or in house production, consumption for business or capital appreciation and final disposal. This article envisag

Private Placement under Co. Act,2013

CS M.Kurtrala Nathan 07 February 2015 at 11:17

Section 42 of the Companies Act,2013 and Rule 14 of Companies (Prospectus and Allotment of Securities )rules ,2014 deals with Private Placement."Private placement" means any offer of securit

GST Implementation Activity

Member (Account Deleted) 25 August 2016 at 10:55

GST ImplementationReconciliation of Input Tax Credit / Cenvat Receivables between Return & Books of accounts All GR/IR needs to be closed on or before retu

How to Purchase house in USA- Legal Provisions & clauses?

Nidhi Agnihotri 07 November 2014 at 10:34

How to Purchase house in USA- Legal Provisions & clauses? ( For Indian Resident)Q1. Who is Indian Resident? RBI clauses applicability? Ans. The conditions for a person to be resident of India are as follows under section 2(v) of the FEMA Act:(v)

Various Assessment u/s 143

Arshita Gupta 14 March 2019 at 11:50

Sec 143(1): Summary Assessment: It provides for the computation of the total income of an assessee after making the following adjustments: Any arithmetical err..