Posted Date : 18-Sep-2011 , 04:36:41 am | Posted By Vikas

1) Brief history about the clients nature of business: First of all if u want to carry an audit to any manufacturing company, U should have a brief knowledge about the client’s nature of business, what are the activities they are carrying, what is the procedure they are following while ma...

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Category : Auditing | Comments : 1 | Hits : 2329

Posted Date : 18-Sep-2011 , 04:35:12 am | Posted By Vikas

While going through the path of life we receive, aspire and reshape both our intellect and our perception. Astonishingly we deceive our own self, yet consider our self to be correct and righteous. A Popular saying goes “Between Right and Wrong there is a trouble some grey area”. ...

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Category : Students Zone | Comments : 0 | Hits : 629

Posted Date : 18-Sep-2011 , 04:34:03 am | Posted By Vikas

Guideline has published for selection of case for Scrutiny during AY 2010-11, these guideline / criteria has been submitted by AO to range officers.  Selection criteria Applicable to all return at all stations a) Value of International transaction as defined in 92B exceeds 15 Crore. ...

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Category : Income Tax | Comments : 1 | Hits : 1635

Posted Date : 18-Sep-2011 , 03:40:11 am | Posted By Vikas

One of the most disputed arguments between assessee and income tax department is that whether payments made towards specified expenditure attracts disqualification u/s 40(a) (ia) and applicability of this section to provisions made at the year end and its implications. Following are the views exp...

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Category : Income Tax | Comments : 1 | Hits : 593

Posted Date : 18-Sep-2011 , 03:29:58 am | Posted By Vikas

1.Hold board meeting and consider about name change and authorise the CS for filing of Form 1A and Form no. 1B 2.Intimate the SE about the proposal. 3. File form no.1A 4. On receipt of new name confirmation hold another board meeting for Affixing date, time and venue of General M...

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Category : Corporate Law | Comments : 0 | Hits : 2832

Posted Date : 18-Sep-2011 , 03:24:05 am | Posted By Vikas

As per the provisions of Section 58A of the Companies Act, 1956; a private company can accept Deposits only from its Shareholders, Directors and there Relatives. Meaning of “relative” (As per Section 6 of the Companies Act, 1956) : A person shall be deemed to be a relative o...

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Category : Corporate Law | Comments : 0 | Hits : 749

Posted Date : 18-Sep-2011 , 03:23:12 am | Posted By Vikas

September month is a Tax audit month. Tax audit is popularly known 44AB audit. This article is intended to give insight on 44AB & help individual Tax payers (other than professionals) who are under 44AB audit with list of documents needed for tax audit & caveats on 44AB. This audit has to...

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Category : Income Tax | Comments : 0 | Hits : 796

Posted Date : 18-Sep-2011 , 03:22:09 am | Posted By Vikas

The following entries are suggested in financial books without contradicting service tax:  1) When the invoice for providing services is raised to customer. A) Sundry Debtors A/c ---------------------------Dr (By full amount of invoices) To Service Receipts A/c (Revenue) ----...

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Category : Service Tax | Comments : 0 | Hits : 920

Posted Date : 18-Sep-2011 , 03:20:29 am | Posted By Vikas

The market revolutionary change happened, achieved fame and many of us heard of it without knowing much about it. Unfortunately, many new investors seem to be under a misconception that it is a type of mutual fund. A Systematic Investment Plan is not a type of mutual fund; it is a method of inv...

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Category : Finance | Comments : 0 | Hits : 433

Posted Date : 18-Sep-2011 , 03:16:27 am | Posted By Vikas

C Forms Under CST ACT 1956 SOME ISSUES PERTAINING TO C FORMS UNDER CST ACT 1956 Under CST Act 1956 there are lot of Forms and declarations which help in saving CST on the interstate transactions. C form is an important and foremost common among dealers registered under CST Act 1956 enga...

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Category : VAT | Comments : 0 | Hits : 1142

Posted Date : 17-Sep-2011 , 01:33:12 pm | Posted By Arun Yadav

  ‎1) Qus. : What are you doing? Ans. : Business. Tax : PAY PROFESSIONAL TAX! 2) Qus. : What are you doing in Business? Ans. : Selling the Goods. Tax : PAY SALES TAX!! 3) Qus. : From where are you getting Goods? Ans. : From...

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Category : Income Tax | Comments : 2 | Hits : 585

Posted Date : 15-Sep-2011 , 08:16:16 pm | Posted By Anand

Hello Everybody,   Today I wanted to share and touch a burning topic connected with our lives, our studies, our attitude and thinking and our families. Over a period of time I have observed that exam success has become such a stress full and pressure build...

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

Posted Date : 14-Sep-2011 , 05:38:34 pm | Posted By Akanksha Handa

  Big Boss: This year your performance was good, excellent and outstanding. So, your rating is "average". Kumar: What? How come 'average'? Big Boss: Because...err. ..uhh...you lack domain knowledge. Kumar: B...

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Category : General | Comments : 1 | Hits : 467

Posted Date : 12-Sep-2011 , 11:32:20 am | Posted By Neha Jain

  Dear Friends,   The following information about OTC (Over the counter) medicines are very important for our knowledge and precautions. India has become a dumping ground forbanned drugs; also the business and producti...

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Category : General | Comments : 0 | Hits : 606

Posted Date : 12-Sep-2011 , 10:31:09 am | Posted By Neha Jain

  Cup or Coffee ?   A group of Computer Engineers, highly established in their careers, got together to visit their old university professor. Conversation soon turned into complaints about stress in work and life.   Offering his guests coffee, the professor went...

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Category : General | Comments : 3 | Hits : 474

Posted Date : 12-Sep-2011 , 09:12:07 am | Posted By Ankit Agrawal

  Hello Everyone.   The topic for which I have decided to write is Pursuing 2 Professional Courses at a time.   Well everyone feels that doing one course itself is sucking so much of blood then how much it will for doing 2 courses. Remember yaar Life is a r...

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Category : Students Zone | Comments : 0 | Hits : 790

Posted Date : 11-Sep-2011 , 08:26:15 pm | Posted By Maneet

  Any technique to multiply gains and losses in finance is known as leverage. Buyout means when a firm purchases the controlling interest of another firm to takeover assets or its business operation or both.  Therefore, leveraged buyouts mean when and investor acquires a controlling...

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Category : International Business | Comments : 0 | Hits : 879

Posted Date : 10-Sep-2011 , 04:00:03 pm | Posted By Ankit Agrawal

    We have in India seen that the taxmen are becoming very demanding as time is passing. Many areas where hitherto there was no corruption now are full of this disease. The need to meet the revenue targets set by higher ups adds to the effort of such officers to get their &ldqu...

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Category : General | Comments : 0 | Hits : 737

Posted Date : 09-Sep-2011 , 04:06:39 pm | Posted By Anjali Arora

Guidelines for selection of cases for Scrutiny During 2010-11   1. Selection of cases for scrutiny during the financial year 2010-11 will be done primarily through CASS this year. Manual Selection for scrutiny this year will be limited only to a few ca...

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

Posted Date : 07-Sep-2011 , 10:42:55 pm | Posted By Vasu Butti

  It is believed that an investor is his own biggest enemy while investing. Our brains have evolved in such a way that it makes investing in a rational manner very difficult indeed. Rather than buying low and selling high, we mostly end up doing the exact opposite. Little wonder, the fam...

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Category : Shares & Stock | Comments : 0 | Hits : 609