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Cost Compliance Report and Cost Audit Report
Posted Date : 23-Nov-2012 , 12:57:35 am | Posted By NAVNEET KUMAR JAIN

Difference in applicability of Cost Compliance Report and Cost Audit Report New Cost Audit Orders and its Comparision with earlier orders  By CMA Navneet Kumar Jain FCMA, MBA, LL.B., M.COM., PGDTL, LIII., AIIISLA   With issue of various circulars, cost audit orders a...

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Category : Auditing | Comments : 0 | Hits : 1494

Abatement in Service Tax as on 01-07-2012
Posted Date : 20-Nov-2012 , 12:21:54 pm | Posted By CA Ramesh K Chhajer

  Abatement has been provided in Notification no. 26/2012 dated 20.6.2012effective from 1.7.2012 1.     Financial leasing services- 10% taxable Financial leasing includes hire charges but excludes operating lease 2.     Transport of pas...

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Category : Service Tax | Comments : 0 | Hits : 24576

HAppy Diwali
Posted Date : 11-Nov-2012 , 11:26:03 pm | Posted By Atul Arora

Its Diwali Time   Hai mausam tyoharo ka, Aj hum tyoharo ki baat karte hai Ayi hai Diwali ab, Hum Diwali ki baat karte hai Karne ko hai baate badi, Par rab ki banayi aaffat ki baat karte hai Kahte hai ise kudi, hum inhi fuljhadiyo ki baat karte hai   Tarh Tarh...

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Category : Students Zone | Comments : 0 | Hits : 512

Exactly What is Success?
Posted Date : 10-Nov-2012 , 10:53:01 pm | Posted By Anmol Goyal

  Exactly What is Success? Is success measured by how much money you have? How happy you are? How satisfied? Is success really just up to you? Here's the Merriam-Webster definition: noun: 1) satisfactory completion of something. 2) the gaining of wealth and fame. 3) one t...

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Category : Students Zone | Comments : 0 | Hits : 494

the Renewed and Improved Website of the IT Dept for the E-filing of the IT return
Posted Date : 09-Nov-2012 , 07:40:54 pm | Posted By CA. Ajay Agrawal

so the Renewed and Improved Website of the IT Dept for the E-filing of the IT returns -  www.incometaxindiaefiling.gov.in is ready to use -    the improved website is loaded with lot of new features - some of them are rigid.   e.g. 1)  while r...

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Category : Income Tax | Comments : 0 | Hits : 764

The story of a blind girl
Posted Date : 05-Nov-2012 , 11:58:36 am | Posted By Anmol Goyal

  There was a blind girl who hated herself just because she was blind. She hated everyone, except her loving boyfriend. He was always there for her. She said that if she could only see the world, she would marry her boyfriend. One day, someone donated a pair of eyes to her and then s...

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Category : General | Comments : 3 | Hits : 1013

My mom only had one eye
Posted Date : 05-Nov-2012 , 11:58:17 am | Posted By Anmol Goyal

  My mom only had one eye. I hated her… She was such an embarrassment. She cooked for students and teachers to support the family. There was this one day during elementary school where my mom came to say hello to me. I was so embarrassed. How could she do this to me? I ign...

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Category : General | Comments : 1 | Hits : 697

The wise teacher and the jar
Posted Date : 31-Oct-2012 , 02:07:13 pm | Posted By Swati Singh

There was once a very wise teacher, whose words of wisdom students would come from far and wide to hear. One day as usual, many students began to gather in the teaching room. They came in and sat down very quietly, looking to the front with keen anticipation, ready to hear what the teacher had to...

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Category : Students Zone | Comments : 0 | Hits : 545

Taxability of Income from Real Estate
Posted Date : 31-Oct-2012 , 12:31:48 pm | Posted By CMA Arif Farooqui

Taxability of Income from Real Estate Real Estate is an ever green investment option in India and it has always given good returns. It can be a residential or commercial property. Real Estate gives recurring income in form of rent and appreciation in value in case of re-sale.  As...

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Category : Income Tax | Comments : 0 | Hits : 456

PEACE OF MIND
Posted Date : 30-Oct-2012 , 05:42:08 pm | Posted By Swati Singh

Once Buddha was walking from one town to another town with a few of his followers. This was in the initial days. While they were travelling, they happened to pass a lake. They stopped there and Buddha told one of his disciples, “I am thirsty. Do get me some water from that lake there.&rdquo...

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Category : Students Zone | Comments : 1 | Hits : 689

TWO FROGS IN THE MILK
Posted Date : 30-Oct-2012 , 05:40:06 pm | Posted By Swati Singh

This is the story of two frogs. One frog was fat and the other skinny. One day, while searching for food, they inadvertently jumped into a vat of milk. They couldn't get out, as the sides were too slippery, so they were just swimming around. The fat frog said to the skinny frog, "Bro...

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Category : Students Zone | Comments : 1 | Hits : 469

HOW WOULD YOU LIKE TO BE REMEMBERED .
Posted Date : 29-Oct-2012 , 05:56:03 pm | Posted By Swati Singh

About a hundred years ago, a man looked at the morning newspaper and to his surprise and horror, read his name in the obituary column. The news papers had reported the death of the wrong person by mistake. His first response was shock. Am I here or there? When he regained his composure, his secon...

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Category : Students Zone | Comments : 1 | Hits : 365

50 QUESTIONS THAT WILL FREE YOUR MIND
Posted Date : 26-Oct-2012 , 03:03:02 pm | Posted By Swati Singh

These questions have no right or wrong answers. Because sometimes asking the right questions is the answer. How old would you be if you didn’t know how old you are? Which is worse, failing or never trying? If life is so short, why do we do so many things we don&rsquo...

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Category : Students Zone | Comments : 1 | Hits : 1439

THE LION
Posted Date : 26-Oct-2012 , 02:57:21 pm | Posted By Swati Singh

In a poor zoo of India, a lion was frustrated, as he was offered not more than 1 kg meat a day. The lion thought its prayers were answered when one US Zoo Manager visited the zoo and requested the zoo management to shift the lion to the US Zoo. The lion was so happy and started thinking of a...

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Category : Students Zone | Comments : 0 | Hits : 355

DRT has no jurisdiction to issue Certificate of Recovery against the Guarantor
Posted Date : 24-Oct-2012 , 11:18:13 am | Posted By Neeraj Dhikoliya

  (1)       It is respectfully submitted that the recovery proceedings against the Guarantor before hon’ble Debts Recovery Tribunal (hereinafter ‘DRT’ or ‘Tribunal’) under section 19 of the Recovery of Debts Due to Banks and Fin...

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Category : Income Tax | Comments : 0 | Hits : 719

Pivot Tables - Excel Tool for Data Analysis
Posted Date : 23-Oct-2012 , 06:57:20 pm | Posted By Preeti

  Pivot Tables - Excel Tool for Data Analysis  As we are all aware excel is widely used for accounting and financial purposes. In the past they were used only to perform basic maths, such as adding, multiplying, subtracting and dividing. Today's spreadsheets can be sign...

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Category : Auditing | Comments : 0 | Hits : 2466

MCA to Review Cost Audit/Compliance Reports
Posted Date : 20-Oct-2012 , 09:32:04 pm | Posted By NAVNEET KUMAR JAIN

MCA to Review Cost Audit/Compliance Reports By CMA Navneet Kumar Jain FCMA, MBA, LL.B., M.COM., PGDTL., LIII., AIIISLA Festive season is on and the costing professionals along with Financial Heads of the organisations are busy in preparation of cost records and finalizing the same fo...

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Category : Auditing | Comments : 0 | Hits : 752

The 4 Wives
Posted Date : 18-Oct-2012 , 12:30:45 pm | Posted By Anmol Goyal

  There was a rich merchant who had 4 wives. He loved the 4th wife the most and adorned her with rich robes and treated her to delicacies. He took great care of her and gave her nothing but the best. He also loved the 3rd wife very much. He's very proud of her and always wanted t...

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Category : Students Zone | Comments : 1 | Hits : 558

The important things in life
Posted Date : 18-Oct-2012 , 12:28:02 pm | Posted By Anmol Goyal

  A philosophy professor stood before his class with some items on the table in front of him. When the class began, wordlessly he picked up a very large and empty mayonnaise jar and proceeded to fill it with rocks, about 2 inches in diameter. He then asked the students if the jar was...

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Category : Students Zone | Comments : 0 | Hits : 376

ERP Implementation
Posted Date : 18-Oct-2012 , 08:29:07 am | Posted By Kishore Bolisetty

ERP is the abbreviation for Enterprise Resource Planning. There are an array of ERPs to choose from such as SAP (the daddy of all ERPs), BAAN, Oracle Financials, Navision, Xapta, Integrated Business Solutions, Peoplesoft  and the list could be endless. Entity choses an ERP...

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Category : General | Comments : 0 | Hits : 288

Cenvat For Automobile Dealer
Posted Date : 12-Oct-2012 , 03:27:33 pm | Posted By Ankit Bhutoria

  SERVICE TAX FOR AUTOMOBILE DEALERS   Brief Introduction   Generally Automobile Dealers are engaged in three main activities i.e. Selling of Vehicles, Selling of Spare parts of vehicle, and working as an Authorized Service Station on behalf of the principa...

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Category : Service Tax | Comments : 1 | Hits : 891

Choosing a Good Coaching Class
Posted Date : 10-Oct-2012 , 07:55:41 pm | Posted By Mukul Gulati

The objective of any profession of having quality students coming out of the system is one of the important ones. The profession expects that the knowledge requirement is obtained by going through the curriculum along with practice. In the CA course, questions especially at the...

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Category : Students Zone | Comments : 0 | Hits : 305

Provisions relating to Certain Income of Non Residents
Posted Date : 08-Oct-2012 , 01:17:07 pm | Posted By Mukul Gulati

Provisions relating to Certain Income of Non Residents I would like discuss some provisions relating to Non Residents. Often we come across, the following incomes of Non Resident for filing return of Income under the Income Tax Act 1961: Investment Income and, Long Term Capi...

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Category : Income Tax | Comments : 0 | Hits : 480

Finalization of Balance Sheet (Practical Aspect)
Posted Date : 08-Oct-2012 , 01:13:34 pm | Posted By Mukul Gulati

INTRODUCTION – In this Article I will be discussing about some vital issues which arise while finalizing the Accounts. There are some points which are to be taken into consideration while finalizing the Accounts i.e. Finalization of Balance Sheets....

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Category : Income Tax | Comments : 0 | Hits : 2368

Internal Audit- 'A Shift'
Posted Date : 08-Oct-2012 , 11:58:06 am | Posted By Mukul Gulati

A shift from Conventional Internal Audit to Risk Based Internal Audit   The present Internal Audit across small and mid-sized organization involves a dry review of Purchase, Sales, Operations, Finance and Payroll functions with results more likely to reveal...

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Category : Auditing | Comments : 0 | Hits : 745

ERP (An overview)
Posted Date : 08-Oct-2012 , 11:55:10 am | Posted By Mukul Gulati

ERP Implementation:-   ERP means entrepreneur resource planning system is a business system which helps in integrating the business functions of various areas like logistics, production, and finance, accounting and human resource by using the best business ...

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Category : Students Zone | Comments : 0 | Hits : 653

RESPECT YOUR PARENTS
Posted Date : 08-Oct-2012 , 02:32:14 am | Posted By SUMIT GERA

Today I had seen a movie Baghban and realized how mean we people are? I know this movie is too old, released in about 2003 but today by watching this movie I learnt a lot. I also understand that I am not so experienced enough to teach you all something like this but I really wa...

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Category : General | Comments : 2 | Hits : 536

Tips to score Rank :)
Posted Date : 03-Oct-2012 , 02:54:08 pm | Posted By Mukul Gulati

Tips to score Rank :) Self-study v/s Coaching: - First decide whether you want to opt for self study or coaching. If you think you are not good enough with practical’s, or don’t have a person to guide you or solve your problem, then it’s better to take coaching. Oth...

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Category : Students Zone | Comments : 0 | Hits : 864

Direct Taxes vs. Indirect Taxes
Posted Date : 03-Oct-2012 , 02:43:55 pm | Posted By Mukul Gulati

Direct Taxes vs. Indirect Taxes Introduction The objective of imposing taxes for any State is to raise revenue and to pay the necessary expenses of the Government such as promotion of the public welfare, protection of its citizens, and to finance its multifarious activities. The State sha...

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Category : Income Tax | Comments : 0 | Hits : 739

Exam time strategy
Posted Date : 03-Oct-2012 , 02:40:21 pm | Posted By Mukul Gulati

Exam time strategy Exams are approaching in few weeks. In exams, what matter most are proper revision and what we do in final 3 hours. Time is neither more nor less but it depends on our planning, mind-set and efforts. So we will here briefly discussing proper revision technique and strategy ...

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Category : Students Zone | Comments : 0 | Hits : 619

 
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