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GST AT A GLANCE
Posted Date : 25-Oct-2011 , 07:33:14 pm | Posted By Pallav Singhania

HANGING PHASE OF INDIRECT TAXES - CHALLENGES AND OPPORTUNITIES   In the era of the major reform and development taking place in our country, India, the tax reforms is and has been the key to have the change of track in the economic growth of the country. The various stake holders fo...

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Category : GST | Comments : 1 | Hits : 910

things not to do when exams are close
Posted Date : 25-Oct-2011 , 10:57:04 am | Posted By Pallav Singhania

As the exams draw near, heartbeat of many a student increases. Many students get confused as to what to do and what not to do. This article attempts to settle down the nerves and provide ways of avoiding tension.   You should try to:-     ...

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Category : Students Zone | Comments : 8 | Hits : 1082

SERVICE AND GOOD TAX
Posted Date : 25-Oct-2011 , 10:55:24 am | Posted By Pallav Singhania

The central and state governments moved closer to ushering in a nationwide goods and services tax on April 1, 2011, that will simplify the manner in which corporates, small enterprises and traders will be levied taxes on goods and services.   The reform would eliminate multiple indir...

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Category : GST | Comments : 0 | Hits : 352

what is inspiration....amust read one
Posted Date : 25-Oct-2011 , 10:26:06 am | Posted By Pallav Singhania

  12 hours of training EVERYDAY... 5 Times Champion of......Tour DE France... LANCE ARMSTRONG... (A CANCER SURVIVAL)         4 hours of Study.... 4 hours of sleep... 16 hours practice....EVERYDAY.....

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Category : Students Zone | Comments : 2 | Hits : 619

NEVER QUIT
Posted Date : 25-Oct-2011 , 10:24:59 am | Posted By Pallav Singhania

I quit my job, my relationship, my spirituality... I wanted to quit my life. I went to the woods to have one last talk with God. "God", I said. "Can you give me one good reason not to quit?" His answer surprised me... "Look around", He said. "Do yo...

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Category : Students Zone | Comments : 2 | Hits : 587

success
Posted Date : 22-Oct-2011 , 02:18:44 pm | Posted By Mridulpinto

Success Is Waiting To Happen “When we see someone successful, we say that he just got lucky. ‘He must have been at the right place at the right time.’ People only see one side of the picture. People don’t see the failures. If you study history, you will fi...

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Category : General | Comments : 0 | Hits : 387

PROFITING FROM INCONSISTENT PROBABILITIES
Posted Date : 21-Oct-2011 , 03:47:15 pm | Posted By AKHIL MAHESHWARI

Suppose that: If event E occurs, the value of two assets, A and B, will both rise. The price of asset A reflects a higher probability of occurring of event E than the price of asset B, and thus inconsistent probabilities exist. Now if all else equal, asset A is overvalued com...

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Category : General | Comments : 0 | Hits : 417

Management Tip by Dr. A. P. J. Abdul Kalam
Posted Date : 21-Oct-2011 , 01:48:29 pm | Posted By AKHIL MAHESHWARI

Friends, I am here with you to share the tips on management as given by Former President of India APJ Abdul Kalam at Wharton India Economic forum , Philadelphia , March 22,2008 :- Question asked to Dr. Kalam: Could you give an example, from your own experience, of how leaders shou...

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Category : General | Comments : 0 | Hits : 470

How to File Service Tax Return for Accrual System
Posted Date : 19-Oct-2011 , 10:40:15 pm | Posted By AKHIL MAHESHWARI

Dear Friends, As you aware that Point of Taxation Rules are compulsorily applicable w.e.f. 01.07.2011. Therefore, service tax liability for July, 11 onwards period will consist of service tax on following components:- a. Amount received towards Debtors outstanding as on 30.06.2011, ...

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Category : Service Tax | Comments : 2 | Hits : 807

LIFE
Posted Date : 19-Oct-2011 , 08:05:44 pm | Posted By CA Amit Bajaj

  LIFE A Mystry…….   Sometimes people come into your life and you know right away that they were meant to be there, to serve some sort of purpose, teach you a lesson, or to help you figure out who you are or who you want to become.   You never know...

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Category : Students Zone | Comments : 1 | Hits : 374

Never quits (Biography of Abraham Lincoln in Short)
Posted Date : 19-Oct-2011 , 11:57:16 am | Posted By CA Amit Bajaj

  Abraham Lincoln...... Born into poverty, Lincoln was faced with defeat throughout his life. He lost eight elections, twice failed in business and suffered a nervous breakdown. He could have quit many times – but he didn’t and because he didn’t quit, he became ...

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Category : Students Zone | Comments : 1 | Hits : 453

We Must Change Girls' Perception of Business
Posted Date : 19-Oct-2011 , 11:15:22 am | Posted By AKHIL MAHESHWARI

  To resolve the entrepreneurship gender gap, we need to make owning a business seem cool to girls before they reach high school   The U.S. Small Business Administration recently released a report noting that women-owned businesses “will increasingly face the...

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Category : General | Comments : 0 | Hits : 300

Three Rules for Entrepreneurs During Uncertainty
Posted Date : 19-Oct-2011 , 12:17:22 am | Posted By AKHIL MAHESHWARI

  Consider three scenarios:   The Mexican economy was in ruins in 1982. Oil prices had fallen, the peso was devalued, interest rates were high, and some banks were nationalized. Yet a young entrepreneur saw opportunities and invested heavily du...

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Category : General | Comments : 0 | Hits : 261

Family Values..........
Posted Date : 18-Oct-2011 , 11:54:26 pm | Posted By CA Amit Bajaj

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...

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Category : General | Comments : 1 | Hits : 275

Why the goals are Important...... Must Read
Posted Date : 18-Oct-2011 , 04:43:42 pm | Posted By CA Amit Bajaj

On the best sunny day, the most powerful magnifying glass will not light paper if you keep moving the glass. But if you focus and hold it, the paper will light up. That is the power of concentration.   A  man was traveling and stopped ...

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Category : Students Zone | Comments : 0 | Hits : 473

How would you like to be remembered
Posted Date : 18-Oct-2011 , 03:29:05 pm | Posted By CA Amit Bajaj

  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 newspapers had reported the death of the wrong person by mistake. His firstresponse was shock. Am I here or there? When he regained h...

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Category : Income Tax | Comments : 0 | Hits : 262

The Story of the Butterfly
Posted Date : 18-Oct-2011 , 03:05:55 pm | Posted By CA Amit Bajaj

  Motivational Stories................     A man found a cocoon of a butterfly. One day a small opening appeared. He sat and watched the butterfly for several hours as it struggled to squeeze its body through the tiny hole. Then it stopped, as if it couldn&#...

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Category : Students Zone | Comments : 0 | Hits : 298

Mother Love
Posted Date : 17-Oct-2011 , 10:15:52 am | Posted By Neha Jain

                    Mother Love After the Earthquake had subsided, when the rescuers reached the ruins of a young woman’s house, they saw her dead body through the cracks. But her pose was somehow strange that...

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Category : Income Tax | Comments : 0 | Hits : 283

TAX BENEFITS AVAILABLE TO SENIOR CITIZENS
Posted Date : 15-Oct-2011 , 10:56:02 pm | Posted By AKHIL MAHESHWARI

A person becomes senior citizen under Income Tax Act in any year after attaining the age of 60 years even for one day. Once he attains 60 years, his status as senior citizen in that financial year, gives him some relief .There are not many. These are listed below: 1. Higher Exemption Limit ...

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Category : Income Tax | Comments : 0 | Hits : 304

A Lesson for Every Salaried Person
Posted Date : 15-Oct-2011 , 03:48:50 pm | Posted By Akanksha Handa

A Lesson for Every Salaried Person A shopkeeper watching over his shop is really surprised when he sees a dog coming inside the shop, He shoos him away. But later, the dog is back inside again. So he goes over to the dog and notices that it has a note in its mouth. He takes the note and it...

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Category : Income Tax | Comments : 2 | Hits : 874

Hindu woman entitled to equal property rights and Liabilities in the property of HUF
Posted Date : 14-Oct-2011 , 05:27:21 pm | Posted By AKHIL MAHESHWARI

  Ganduri Koteshwaramma & Anr. Versus Chakiri Yanadi & Anr. (Supreme Court)-A Hindu woman or girl will have equal property rights along with other male relatives for any partition made in intestate succession after September 2005.  under the Hindu Succession (...

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Category : General | Comments : 0 | Hits : 470

Points useful while doing auditing
Posted Date : 12-Oct-2011 , 07:04:10 pm | Posted By AKHIL MAHESHWARI

  Ø REGARDING  TDS Ø  REGARDING  BONUS Ø  REGARDING  FBT Ø  REGARDING  PURCHASE Ø REGARDING  PROVIDENT FUND Ø REGARDING  ...

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Category : Auditing | Comments : 3 | Hits : 1260

"No Limit for Mental Refinement To Succeed In Office"
Posted Date : 12-Oct-2011 , 12:12:27 pm | Posted By AKHIL MAHESHWARI

1 George Bernard Shaw said, "If you have an apple and I have an apple and we exchange these apples then you and I will still each have one apple. But if you have an idea and I have an idea and we exchange these ideas, then each of us will have two ideas. You don't have to blindly follow ...

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Category : Students Zone | Comments : 0 | Hits : 344

A Glass of Milk
Posted Date : 10-Oct-2011 , 12:02:10 pm | Posted By Neha Jain

  A Glass of Milk   One day, a poor boy who was selling goods from door to door to pay his way through school, found he had only one thin dime left, and he was hungry. He decided he would ask for a meal at the next house. However, he los...

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Category : General | Comments : 0 | Hits : 313

Right To Information Act, 2005
Posted Date : 09-Oct-2011 , 11:17:13 pm | Posted By CA. MANISH MALHOTRA

Dear Members, Right to Information Act, 2005(RTI) is not just only an act.   It is power in your hand, by using this power citizen can request for government information. As per section 2(j) of RTI ACT, 2005   "right to information" means...

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Category : General | Comments : 0 | Hits : 310

CAT 2011 Pattern Change: How to Prepare with the new format !
Posted Date : 08-Oct-2011 , 07:45:14 pm | Posted By AKHIL MAHESHWARI

  Dear CAT students, These two months are crucial for those who are appearing for CAT 2011. Most of you would have spent the last few months ensuring that you are well-prepared for what is rightfully considered as one of the toughest and most competitive entrance exams in I...

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Category : General | Comments : 0 | Hits : 267

Handling of practical paper in CA or CS
Posted Date : 08-Oct-2011 , 07:05:54 pm | Posted By AKHIL MAHESHWARI

  Cheer up friends, As this is preparation time for various exams. I am here with you once again with my sincere efforts to share useful and relevant stuff today. I’d like to share something about handling of Practical paper. I have seen many students struggling for handling Pr...

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Category : Students Zone | Comments : 0 | Hits : 972

Filing of financial statements in XBRL mode
Posted Date : 08-Oct-2011 , 04:25:38 pm | Posted By Venkat

*    XBRL is the Financial and Operational business reporting offshoot of Extensible Markup Language (XML), which is a freely licensable, open technology standard (or Vocabulary) used to exchange business information electronically. XML is the universally preferr...

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Category : Corporate Law | Comments : 1 | Hits : 777

3 Stages of revision for CA Exam success-Attention!Students!
Posted Date : 06-Oct-2011 , 05:39:22 pm | Posted By AKHIL MAHESHWARI

  Most of the students manage to complete (atleast) once the portions relevant for their attempt. But this is not enough. One needs to do intelligent revision of the same as many times as possible.   One Malayali friend of mine cried to me lite...

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Category : Students Zone | Comments : 0 | Hits : 750

Merger and Amalgamation - An Overview
Posted Date : 06-Oct-2011 , 02:46:07 am | Posted By AKHIL MAHESHWARI

  As per Companies Act, 1956 The terms merger and amalgamation have not been defined in the Companies Act, 1956 though this voluminous piece of legislation contains more than 50 definitions in Section 2 of the Act. For the purpose of this act the terms ‘Merger’ and &lsquo...

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Category : Merger & Acquisitions | Comments : 0 | Hits : 589

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