Popular Articles

Whether ITC in Dec 2021 GSTR 3B is mandatorily required as per GSTR 2B?

Lekhraj sood 18 January 2022 at 15:46

When the transactions were done on December 21 then at that point of time old rule 36(4) was in force. Therefore, in our view, it would be in order if the ITC of December is availed by referring to GSTR 2A.

Error/limitation of annual return (GSTR 9)

CA Nilesh Mahajan 03 December 2018 at 17:16

The due date for filing of Annual Return is fast approaching (i.e. 31 Dec 2018) and there persists lots of confusion & concerns in the mind of Trade at larg

Enron Scandal (P2): The Story Continues

Karan Khatri 08 June 2020 at 10:07

Fastow was one of the key figures behind the complex web of off-balance-sheet special purpose entities (limited partnerships which Enron controlled) used to conceal Enron's massive losses in their quarterly balance sheets.

Identification and Calculation of Funds Diversion for Bank Audit

Kotte Murali Krishna 01 April 2021 at 09:57

Whenever an Auditor finds any new investments of either long term or short term of unrelated assets on the face of company Balance Sheet during audit, there is a need to verify and confirm the source for the investment.

How to calculate ALP?

CA Laxman Agrawal 12 November 2016 at 11:32

Determination of price as per the guidelines notes of institute of chartered accountant

F A Q ON ITR FORMS BY INCOME-TAX DEPARTMENT

CMA Gul S 25 September 2007 at 15:51

1. What are the forms that should be used for e-Filing? Answer: The Forms that are currently available for e-Filing for A.Y. 2007-08 are ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, & ITR-8. For A.Y. 2006-07 For A.Y. 2006-07, the e- return could be

A Snippet on Private Equity

CA Neha Bhuwania 30 September 2014 at 13:11

The term "Private equity" has become a jargon in the world of investment. As per the famous authors Gillian & Wright, "Private Equity is risk capital provided in a wide variety of situations, ranging from finance, provided to busin

FAQ on Instant e-PAN allotment

CA Mayur Todmal 30 June 2018 at 13:24

Instant e-PAN allotment (Beta version) in near to real time is available free of cost for limited period. Individuals (other than minors) with a valid Aadhaar

Taxes on Petroleum Products: A convenient cash cow

CA. Rajvir Bhatnagar 22 December 2015 at 10:33

Petroleum under GST regime:The Constitutional Amendment Bill on Goods & Services Tax (GST), recently cleared by the Cabinet provides that petroleum & petroleum products viz. petroleum crude, high speed diesel, motor spirit (petrol), natural g

Reverse charge and partial reverse charge mechanism in ST

CA. K S Chauhan 05 December 2014 at 10:51

REVERSE CHARGE AND PARTIAL REVERSE CHARGE MECHANISM IN SERVICE TAX CA. Kamlesh Singh ChauhanFCA, LL B, DISA(ICA)E-mail: ks_chauhans@yahoo.comMobile: +91 9839 094 094 Service Tax is levied under Section 66B[1] of the Finance Act, 1994 as amended up to