Popular Articles

No Need to file Service Tax Return if No Service Tax payable

Bimal Jain 12 August 2013 at 11:04

Dear Professional Colleague, No Need to file Service Tax return (ST-3) when no service is rendered during the relevant period and even not required to opt for VCES We are sharing with you an important judgement of the Honble Kolkata Tribunal

Deferred Tax asset on Depreciation Loss: a Moot

CA S.SAIRAM 16 September 2010 at 11:56

Deferred Tax asset on Depreciation Loss: a Moot Creation of deferred tax asset in pursuance of accounting standard-22 requires existence of an intriguing situation called ‘Virtual Certainty’ for future taxable profits. ‘Virtual Cer

Exam oriented Suggestions and tips for Nov 14 Exam

Ankur Garg 25 July 2014 at 12:37

Dear Students, Id like to share some of the very basic suggestions connected with Exam preparation. As suggested by the title of this write-up these suggestions are very general in nature and very easy to implement and you may use them for any

Suggestions to handle Information System Control Audit ISCA

Ankur Garg 25 August 2014 at 10:51

Dear Students, In my previous three Exam oriented articles I had discussed tips and tricks to handle Costing, Strategic Financial Management (SFM) and Audit subjects. Now it is time to discuss another technical and relatively tuff subject of CA Final

Sale of Scrap materials: Applicability of GST and TDS

CA S K MISHRA 17 August 2020 at 10:11

The term "Scrap" has not been defined any where in the GST Laws. As such one can derive its meaning as per normal business or commerce parlance.

Deemed Sales

Rishi Kochar 16 January 2014 at 13:01

Before the discussion on deemed sales we must be well known of the general facts of sale.Meaning of Sale There are various definitions of the term Sale is generally specified in different laws and different State VAT acts. Hence we nee

Accounting for Service Tax under point of taxation regime

Member (Account Deleted) 25 October 2012 at 11:17

Back-ground The Ministry of Finance has brought into force the Point Of Taxation Rules 2011 from July 2011. Although it has been nearly a year since these rules have been brought into eff

Role of Chartered Accountants in Investment Banking

Vikranth 22 June 2011 at 11:38

"Morgan Stanley offers $200,000 to IIM student for Investment Banking role!" One often reads such lines in newspapers.

Understanding deductions of section 80-IA & IB

Manish Kumar Agarwal 02 July 2012 at 11:34

Chapter VIA of the Income Tax Act, 1961 covers only deductions available to assessee under section 80 of the Income tax act, 1961. The assessee by some act as mentioned can reduce its taxable under this provisions. Amongst number of sub-sections of

Presumptive Taxation U/S 44AD Simplified

CA Pallav Singhania 31 October 2013 at 12:45

Businesses have been grown over the period of time due to general growth of the economy and varied other reasons. But at the same time various numbers of business and service providers, irrespective of their area of operations, earning substantial i