Popular Articles

Career as Cost & Management Accountant

CMA Arif Farooqui 15 November 2012 at 11:32

Before liberalisation of Indian Economy, career in finance was perceived as a back office record keeping job; but after the liberalisation it has become much more challenging and interesting. Today, it is seen as a career that provides greater roles

What work is done in CA articleship

Yashodeep Chauhan 16 December 2020 at 16:53

In this article, we discuss the different areas of work under which a CA Article is trained during the 2.5 year long articleship period and the different factors that guide those areas.

Meaning of Relative as per Income Tax Act 1961

Aishna Kukreja 25 March 2020 at 10:19

Meaning of Relative as per Income Tax Act 1961. Section 2(41)of the Income Tax Act 1961 defines the meaning of relative. The meaning of relative is further explained in Section 56(2)(vii).

GTA- Service Tax - Issues

Madhukar N Hiregange 25 September 2008 at 14:23

Vexatious Issues under Service Tax - Goods Transport Agency Madhukar N Hiregange FCA, DISA(ICAI) SYNOPSIS The service tax on the goods transport agency was imposed w.e.f. 1.1.2005. This was after a committee went into the dif

Banks NPA and Impact on Indian Economy

nandini mishra 12 January 2011 at 12:36

BANKS NPA AND IMPACT ON INDIAN ECONOMY Introduction:- A well organized and efficient banking system is a pre-requisite for economic growth. Banks play an important role in the functioning of organized money market. in order to meet the banki

Understanding Section 80 IB Deduction in respect of Real Estate Companies

Manish Kumar Agarwal 29 May 2014 at 13:23

Background:- Section 80-IB (10) of the Act is aimed at promoting construction of housing projects, so as to address the problem of shortage of dwelling units. The predominant objective of this incentive provision, therefore, is to encourage better av

Principle of Drafting

CS Bijoy 12 May 2011 at 14:48

DRAFTING MEANS: THE combination of Law and Fact in a language form. The process of Drafting operating in two planes-Conceptual and Verbal. Besides choosing the right word the right concept is also required to choose. In legal sense drafting

Few ways to update your Professional Knowledge

CMA Ramesh Krishnan 21 January 2011 at 11:17

Introduction: Knowledge updating is a basic requirement in the present fast growing world. Changes only constant in the world, based on the changes we are indeed to update our knowledge regularly. In the field of finance & accounts as professiona

SURVEY UNDER SECTION 133 A OF INCOME TAX ACT 1961

Amit Bajaj 30 January 2010 at 12:09

Survey in a wider sense means to scrutinize or to inspect. The power of survey under the Income tax Act has been provided U/S 133A and 133B. The provisions contained in section 133A are independent and to the exclusion of the other provisons of the a