Popular Articles

Amendment in Indirect tax for IPC exams

Vinesh R Savla 01 April 2016 at 11:12

Basic Concepts of Service Tax Amendments by Finance Act, 2015: 1. (i) Service tax rate enhanced from 12% to 14% and(ii) Levy of education cesses on taxable services ceased to have effect [Section 66B]Thus, the new service tax rate has come into effec

All you need to know about Quantitative Easing and Tapering

CA Surbhi Singhal 03 February 2014 at 13:30

In the recent times, Quantitative Easing policy of the US Federal Reserve has gained a lot of attention from businesses, investors and stock markets the world over. This has generated curiosity in the minds of many as to what it actually

Guide to ITR-1 for the AY 2018-19

B Vinay Reddy 18 June 2018 at 11:05

Almost after 55days of commencement of FY, Income Tax department made ITR forms available for filing Income Tax Returns for

Government notifies new income tax return forms for FY 2015-16

Anurag 06 April 2016 at 11:01

In briefThe Central Board of Direct Taxes has notified Income-tax return forms applicable for the financial year (FY) 2015-16 (assessment year 2016-17). There are no major changes in the forms compared to last year. The key amendments in the forms pe

Indian Economic Turbulence - A Comparative View

Sanjay Chauhan (IFRS) 29 May 2012 at 14:09

Finance Minister Pranab Mukherjee on Wednesday, 23rd May 2012, assured Parliament that India's growth story remained intact despite Euro zone crisis and Greece turmoil. Mr. Mukherjee attributed the downward trend in the share markets to the glob

REVENUE RECOGNITION

CA. A. Kumar 06 July 2008 at 12:18

Revenue Recognition Principle Revenues are recognized when (a) realized or realizable and (b) earned. [SFAC No. 5, Para. 83] Revenues --> not recognized un

Smart ways to manage your business

CA PANKAJ 29 November 2014 at 10:43

Delight one small word that can do wonders with your business and its growth. One of the most important that your customer wants is the delight-ment. Giving importance to your customer, surprising him with your products and the services in su

Taking up a career as a Company Secretary

Manjit Banga 05 August 2013 at 07:40

A qualified CS can either be employed by a company or can start his/her own practice. A company secretary starting his/her own practice requires a Certificate from The Institute of Company Secretary India (ICSI). Students who manage to complete the

Scrapping the Apex Court decision on Scrap

Pradeep Jain 07 November 2009 at 11:13

Introduction: - The Central Excise duty is leviable on the process of "manufacture". Any process that brings a new article into existence with different name, character and use is known as manufacturing activity. For levying duty on any article it mu

Practical Application of Law at CA Exams

Dr. Paras Jain 04 August 2010 at 21:40

I had earlier promised to come out with some academic input. Subsequently, there was substantial and valuable contribution from others. Contributors I therefore thought that I would concentrate more on the observations as there is ample text and en