Distinction between shares held as stock-in-trade and shares held as investment - tests for such a distinction 1.The Income Tax Act, 1961 makes a distinction between a capital asset and a trading asset. 2. Capit
As per Provisions of Section- 144 of Companies Act, 2013, A Statutory Auditor of company cant provide the following below mentioned services to followings: Services which a Statutory Auditor cant provide directly or indirectly to above
Buying a house, a trip to the Swiss Alps, studying in an Ivy League college or purchasing a brand new car - sound like far-fetched dreams at the beginning of a ...
Most of the executives of successfully running small medium enterprises have this question in mind. We have already spending for statutory audits (namely external audits) and why we need to spend again for internal aud
A practical insight to XBRL Efiling Introduction to XBRL XBRL (Extensible Business Reporting Language) is another advanced reporting language of the XML family. XBRL ensures that the figures reported to government authorities and other organisati
What is TAN?Ans. TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. It is compulsory to quote TAN in all TDS/TCS returns
Central Government has issued 3 Notification on 9th June 2020. Details, explanations, and impact of all these Notifications been summarised precisely herein.
NEW FINANCIAL YEAR!! NEW CHALLENGES!! NEW HOPES!!...Unlike earlier financial years, this new financial year, 2018 indeed came up with lot many significant chang...
Proprotionate disallowance of Interest paid on unsecured loan given to third party
Dear Friends, The main reason behind writing this article is to see you all passing November 2011 CA examination with flying colours i.e. Bada Aaram sa Today let me share few points about November 2011 Exam prepa
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English