Popular Articles

FAQs on Signing of Financial Statement

CS Divesh Goyal 29 July 2021 at 09:45

Financial statements are formal records of the financial activities and position of a business, person, or other entity. Let us discuss 10 FAQs on the signing of financial statements.

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.

GST on purchases from Unregistered Suppliers

Naimish Padhiar 02 August 2017 at 11:09

Let's look at the critical provisions of the GST law which have enabled reverse charge mechanism :-

Rights in Rem and Rights in Personam

Mitali 27 April 2023 at 13:22

Rights in rem and rights in personam are two different legal concepts that refer to different types of rights in property law.

Cost of Acquisition of a Capital Asset acquired u/s 49(1)(ii)/(iii)(a) of the Income Tax Act, 1961

Bhaskaran Chackrapani Warrier 21 June 2013 at 10:58

COST OF ACQUISITION OF A CAPITAL ASSET ACQUIRED U/S 49(1)(ii) / (iii)(a) OF THE INCOME TAX ACT,1961. The income of a person has to be computed under any or all five heads of income for the purpose of levying income tax. Section 14

Online filing of Letter of Undertaking (LUT) under GST

CA Mayur Todmal 27 February 2018 at 11:05

Much awaited process: �Filling of LUT (Letter of Undertaking) under GST in now became online�. This is surely a good step towards automation of pro

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