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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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....
Continue Reading...
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...
Continue Reading...
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 ...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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...
Continue Reading...
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 ...
Continue Reading...
Category : Students Zone |
Comments :
0 | Hits : 619 |
|
|