Posted Date : 22-Jun-2011 , 04:10:27 am | Posted By CA. Sachin Data

Failure doesn’t mean you are a failure…… it does mean you haven’t succeeded yet. Failure doesn’t mean you have accomplished nothing….. it does mean you have learned something. Failure doesn’t mean you have been a fool…… it doe...

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Category : General | Comments : 2 | Hits : 505

Posted Date : 21-Jun-2011 , 12:48:48 pm | Posted By CA. Sachin Data

BOY : May I hold your hand? GIRL : No thanks, it isn't heavy. GIRL : Say you love me! Say you love me! BOY : You love me... GIRL : If we become engaged will you give me a ring?? BOY : Sure, what's your phone number?? GIRL : I think...

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Category : General | Comments : 2 | Hits : 759

Posted Date : 21-Jun-2011 , 12:40:13 pm | Posted By Vandana

Interest on bank deposits  Interest earned on Non Resident External (NRE) accounts and Foreign Currency Non Resident (FCNR) accounts are tax free in India. Hence, there would be no TDS.  However, interest earned on the Non Resident Ordinary Account (...

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Category : Income Tax | Comments : 0 | Hits : 1083

Posted Date : 21-Jun-2011 , 05:25:21 am | Posted By Anuradha

BharatMatrimony recently conducted a survey to understand the most sought-after professionals among Indian men and women and the survey (sample size: 5000)has interesting findings:   Finance professionals were the most favored marriage partners among ...

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Category : General | Comments : 1 | Hits : 562

Posted Date : 20-Jun-2011 , 10:49:42 am | Posted By Anjali Arora

(i) At the time of actual payment or credit, whichever is earlier: -   Tax is to be deducted at source a the time of credit to the payee’s account or on accrual of the payment at the end of the accounting year or at the time of payment in cash or by c...

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Category : Income Tax | Comments : 1 | Hits : 822

Posted Date : 18-Jun-2011 , 03:13:22 am | Posted By Anjali Arora

 Do share this Chart with everyone   Apples Protects your heart Prevents constipation Blocks diarrhea Imp...

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Category : General | Comments : 0 | Hits : 634

Posted Date : 17-Jun-2011 , 09:57:41 am | Posted By Anjali Arora

Purpose   NGO can register itself u/s 35AC from the Central Government of India. Potential donors get 100% exemption for the amount donated towards 35AC. All NGOs should avail the advantage of this provision to attract potential donors.   H...

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Category : Income Tax | Comments : 1 | Hits : 1882

Posted Date : 17-Jun-2011 , 04:49:42 am | Posted By CA. Sachin Data

Do you know that the biggest scandal in the history of our country is the 2G Spectrum Ghotala of 1 lakh and 76 thousand crore. And, the India’s population is 121 crore. Just imagine, if this chunk of money is distributed among all the people of India, then what amount will each fetch. T...

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Category : General | Comments : 0 | Hits : 459

Posted Date : 16-Jun-2011 , 09:58:38 am | Posted By CA. Sachin Data

Are you a High Scoring Student? Kya aap good marks la - la kar bore ho chuke hai? JOIN CA!!! Marks se NO Marks Acche marks se Chutkara Fark dekhiye sirf ek attempt mai!!!! ...

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Category : ICAI | Comments : 2 | Hits : 742

Posted Date : 16-Jun-2011 , 07:44:28 am | Posted By Anjali Arora

Hi friends....   ...Phle mai bahut dukhi rehta tha..!!   Hamesha nirsh rahta tha..!!   Mujse padai nay ho pati thi..!!   Ek novel complete karne main mahinoo lag jate the..!!   ...

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Category : ICAI | Comments : 2 | Hits : 765

Posted Date : 16-Jun-2011 , 02:32:27 am | Posted By PRIYANKA

  With an aim to regulate the credit system to the advantage of the country, the Reserve Bank of India (RBI) today said non-banking financial companies (NBFCs) cannot open subsidiaries or enter into joint ventures abroad without its permission. "No NBFC shall open subsidiaries/j...

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Category : RBI | Comments : 0 | Hits : 719

Posted Date : 15-Jun-2011 , 12:22:15 pm | Posted By CA. Sachin Data

Everyone goes through good and tough times in their lives. Perhaps we are lives, enjoying very day until the day that an obstacle or challenge presents in our lives. This could be a small obstacle or could be something really serious, heartbreaking and depressing that could happen to us. When thi...

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Category : General | Comments : 2 | Hits : 488

Posted Date : 15-Jun-2011 , 10:33:49 am | Posted By Rohit

The Ministry of Corporate Affairs, in supersession of its earlier circular No. 9/2011 dated 31.03.2011, has mandated for following companies to file Balance sheet and Profit and loss Account along with Directors’ and Auditors’ Report for the year 2010·11 onwards by using XBRL t...

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Category : Corporate Law | Comments : 2 | Hits : 1280

Posted Date : 15-Jun-2011 , 10:16:09 am | Posted By Jay Raithatha

  MCA Directs Regional Directors to Initiate Inquiry Against Those Practicing Professionals Who Certified the Particulars Furnished by Listed Companies    The Ministry of Corporate Affairs has directed its Regional Directors to initiate inquiry against those practicing ...

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Category : Corporate Law | Comments : 0 | Hits : 844

Posted Date : 13-Jun-2011 , 03:51:23 am | Posted By PRIYANKA

Various Views and suggestions shared by Various CA’s on the event organized by CAsansaar.com on “Role Of CA’s in Controlling Black Money” on 11th June 2011, which can be verified by the link given below:   https://www.facebook.com/ev...

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Category : General | Comments : 1 | Hits : 640

Posted Date : 13-Jun-2011 , 02:03:16 am | Posted By PRIYANKA

Summary of  some of the Words of appreciation that casansaar received from Participants in the event “ROLE OF CA’s IN CONTROLLING BLACK MONEY”, Held on fb page of  Casansaar on 11th June 7 p.m. onwards. These can be verified from the act...

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Category : General | Comments : 1 | Hits : 639

Posted Date : 12-Jun-2011 , 06:27:26 am | Posted By PRIYANKA

Summary of some of the suggestions and views given by the guests  to various querries raised by different participants on the event “ROLE OF CA’s IN CONTROLLING BLACK MONEY”.Held on fb page of  Casansaar on 11th June 7 p.m. onwards. These can be veri...

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Category : General | Comments : 1 | Hits : 634

Posted Date : 09-Jun-2011 , 02:39:04 am | Posted By CA. Sachin Data

The Convocation for the newly enrolled Members admitted during the period September, 2010 to February, 2011 will be held as per schedule given below with a view to inculcate a sense of belongingness and attachment with the Institute.   Region Date & Day ...

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Category : ICAI | Comments : 1 | Hits : 1249

Posted Date : 08-Jun-2011 , 05:53:02 am | Posted By Anmol Rana

  Practical guide to getting work done without paying bribeCorrupt officials use various tactics to extract bribes.   You may take the following action to counter those tactics. (1) Indefinite Delay: They delay your work until you offer a bribe. Solution: Don't visit...

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Category : Income Tax | Comments : 2 | Hits : 837

Posted Date : 08-Jun-2011 , 01:25:23 am | Posted By CA. SANAT PYNE

  Accounts receivables (also properly termed as receivables) constitute a significant portion of the total currents assets of the business next after inventories. They are a direct consequences of “trade credit” which has become an essential marketing tool in modern business....

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Category : Finance | Comments : 0 | Hits : 2606

Posted Date : 08-Jun-2011 , 01:23:57 am | Posted By CA. SANAT PYNE

  n today’s world of intense global competition, working capital management is receiving increasing attention form managers striving for peak efficiency the goal of many leading companies today, is zero working capital. Proponent of the zero working capital concept claims...

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Category : Finance | Comments : 2 | Hits : 1375

Posted Date : 07-Jun-2011 , 09:23:20 pm | Posted By CASANSAAR

ALL ARE INVITED TO PARTICIPATE IN THE DISCSSION ON "Role of Chartered Accountants in Controlling Black Money in Current Scenario." on 11.06.2011 (Saturday) at 7.00 PM to 10.00 PM on Facebook.As Everyone knows that controlling generation of black money and removing corruption from its root levels is ...

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Category : ICAI | Comments : 1 | Hits : 1125

Posted Date : 06-Jun-2011 , 09:33:29 pm | Posted By Anjali Arora

Auditors and company secretaries who have made false or incorrect certification will face penalties, including cancellation of their licences, said an official at the ministry of corporate affairs (MCA).   “The ministry, which has entrusted professionals such as chartered and c...

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Category : Corporate Law | Comments : 2 | Hits : 882

Posted Date : 05-Jun-2011 , 10:25:48 am | Posted By Avinash Bansal

  Circular issued by Ministry of Corporate of Affairs Dated 01st Jun, 2010 on compliance of provisions of Companies Act, 1956 and Rules made there under (effective from 3rd July, 2011).   If any Companies makes default in submission of their up...

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Category : Corporate Law | Comments : 0 | Hits : 1534

Posted Date : 03-Jun-2011 , 07:01:18 am | Posted By CA. SANAT PYNE

  Introduction: - Directors are agents of the Company in transactions they enter into on behalf of the Company, though they are not agents for individual shareholders or members. A director may be an employee, a servant or even a "worker" of the Company. He occupies the posi...

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Category : Corporate Law | Comments : 0 | Hits : 585

Posted Date : 02-Jun-2011 , 01:36:31 am | Posted By CA. SANAT PYNE

  A company can be closed by adopting the following ways:-   (A) Strike off a company under Section 560 : Section 560, of the Companies Act, 1956, deals with strike off provisions of a defunct company. Any defunct company desirous to strike off its name from the register...

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Category : Corporate Law | Comments : 0 | Hits : 843

Posted Date : 02-Jun-2011 , 01:36:14 am | Posted By CA.Khurana Vivek

CBDT has issued Circular 03/2011 on May 13, 2011 detailing new procedure of Issuance of TDS Certificates in Form No. 16A downloaded from TIN Website and option to authenticate the same by way of digital signature.     ...

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Category : Income Tax | Comments : 1 | Hits : 1677

Posted Date : 31-May-2011 , 09:26:18 pm | Posted By CA.Khurana Vivek

1. What is refund process? The user is required to make various payments to avail MCA21 services. A number of instances have been observed where the users make multiple payments or incorrect payment or excess payment while using these services. In order to allow the sta...

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Category : Corporate Law | Comments : 2 | Hits : 877

Posted Date : 31-May-2011 , 09:08:49 am | Posted By Shipra Goel

Dear Professional Colleague,   As per the provisions Section 212 of the Companies Act, 1956  holding companies requires to attach with their balance sheet a copy of the balance sheet, profit and loss account etc of each of its subsidiaries.  In recent years, with the g...

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Category : ICSI | Comments : 0 | Hits : 1145

Posted Date : 31-May-2011 , 02:38:54 am | Posted By KIRTI

The result season is almost drawing to a close. Most companies have reported a decent growth in their top-line or their revenues. Some have even managed to translate this growth into a healthy growth in their profits as well. However, some have succumbed to the pressures o...

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Category : Income Tax | Comments : 2 | Hits : 437