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 : 514

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 : 2415

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 : 776

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 : 674

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 : 559

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 : 885

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 : 771

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 : 641

Posted Date : 03-Oct-2012 , 02:28:51 pm | Posted By Mukul Gulati

Selection Process in Current Scenario “Hurray today I got my dream job” or” Yippee I got a job that I always dreamt of” have we ever heard these type of expressions from our friends or any job seekers. Invariably the answer will be ‘No’. We never get a &lsq...

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Category : Students Zone | Comments : 0 | Hits : 636

Posted Date : 03-Oct-2012 , 02:20:54 pm | Posted By Mukul Gulati

Assessment Procedure Sec 139(1): submission of return of income Being a co. or a firm (even those co.’s whose entire income is exempt u/s 10, etc.) Being a person other than co, firm if his total income or Total income of any other person in respect of...

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Category : Income Tax | Comments : 0 | Hits : 1714

Posted Date : 30-Sep-2012 , 11:42:25 am | Posted By SANJEEV KHULLAR

  What is RTGS Define RTGS : The full form of RTGS is "Real Time Gross Settlement".    It is a project which is mainly handled by RBI and it can be defined as "the continuous (real-time) settlement of funds transfers individually ...

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Category : RBI | Comments : 0 | Hits : 2605

Posted Date : 26-Sep-2012 , 05:11:59 pm | Posted By CMA Arif Farooqui

PROCEDURES FOR INCORPORATION OF COMPANY   The best way to start a business is to incorporate Private limited company because it has many advantages like limited liability of members and directors, separate legal entity, easy compliance, etc. A com...

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Category : Corporate Law | Comments : 3 | Hits : 1293

Posted Date : 25-Sep-2012 , 06:22:11 pm | Posted By Swati Singh

To recognize the importance of Independent Directors it is necessary to view the modern day corporate governance, the board of Directors and the inter relation of Independent Directors within this framework in achieving the objectives of any enterprise. ‘’Co...

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Category : Corporate Law | Comments : 0 | Hits : 1555

Posted Date : 25-Sep-2012 , 12:32:07 am | Posted By SUMIT GERA

ITS TIME TO LAUGH A BIT WITH NICE JOKE IN THE MONTH OF BUSY SEPTEMBER ...........   A local United Way office realized that the organization had never received a donation from the town's most successful lawyer. The person in charge of contributions called him to persuade him to c...

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Category : Students Zone | Comments : 0 | Hits : 847

Posted Date : 24-Sep-2012 , 11:04:17 am | Posted By Mukul Gulati

Now that the extended last date for filing your Income tax returns for the year 2011-2012 is over on 31st August 2012, what options do people who have missed the deadline have?   How about filing the returns now after the due date?   He...

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Category : Income Tax | Comments : 0 | Hits : 472

Posted Date : 21-Sep-2012 , 03:30:21 pm | Posted By Namrata

  Malware, short for malicious software, is a software that is designed to damage a computer,a network or a mobile device. It can disrupt computer operation and obtain sensitive and personal information of the user without his knowledge. Malware is different from a legitimate softwa...

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Category : General | Comments : 0 | Hits : 417

Posted Date : 20-Sep-2012 , 04:14:32 pm | Posted By Mohit Gupta

  Negative people can often be very mean and selfish in their remarks. The golden rule is to learn to ignore what they say completely.  - Before they start talking, it’s a good idea to start the conversation on a positive note and avoid topics that even skim the edges of ...

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Category : General | Comments : 1 | Hits : 2765

Posted Date : 20-Sep-2012 , 12:22:22 pm | Posted By CA.Vijay M Narwani

  NOTIFICATION NO. 37/2012 [F.NO. 142/18/2012-SO(TPL)] DATED 12-9-2012  In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, na...

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Category : Income Tax | Comments : 1 | Hits : 701

Posted Date : 19-Sep-2012 , 11:41:28 pm | Posted By Mukul Gulati

Understanding consideration to determine Service Tax payable Clarity is must as far as the term consideration is concerned. The phrase ‘consideration’ has not been defined in the Act. But the explanation (a) of section 67 gives inclusive definition of ‘consideratio...

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Category : Service Tax | Comments : 0 | Hits : 653

Posted Date : 19-Sep-2012 , 11:40:34 pm | Posted By Mukul Gulati

Financial Modelling Financial modelling means creating an abstract form of a financial decision of an organization.  The decision can be regarding a cost of project, financial planning, discounted cash flow, capital budgeting. Normally financial modelling is done by MBA or financial Ana...

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Category : Finance | Comments : 0 | Hits : 482