Posted Date : 20-Dec-2012 , 12:42:59 pm | Posted By Roopak

  DVAT ON SET TOP BOXES.   Commissioner, VAT, Department of Trade and Taxes, Delhi has issued acircular ...

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Category : VAT | Comments : 0 | Hits : 560

Posted Date : 20-Dec-2012 , 12:26:03 pm | Posted By Vinay Sharma

Chartered Accountants have a key role to play in proper implementation of VAT. (i)  Record keeping  : VAT requires proper record keeping and accounting.  Systematic records of input credit and its proper utilisation is necessary for the success of VAT. Chartered Accounta...

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Category : VAT | Comments : 0 | Hits : 878

Posted Date : 20-Dec-2012 , 12:25:05 pm | Posted By Roopak

  Exception to section 45(1)   As per the charging section of capital gains i.e. section 45(1) of the Income Tax Act, 1961, the capital gains shall be taxed in the previous year in which transfer is made. Accordingly the definition of Capital gains as provided in the section...

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Category : Income Tax | Comments : 0 | Hits : 1821

Posted Date : 19-Dec-2012 , 02:04:08 pm | Posted By Deepak Agarwal

The Companies Bill, 2011, is organized as 29 chapters, 470 sections and 7 scheduled. A substantial part of the law will be in form of Rules, to be prescribed separately. It has introduced 33 new definitions. Here’s a look at some of its key highlights.   ...

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Category : Corporate Law | Comments : 0 | Hits : 3383

Posted Date : 19-Dec-2012 , 11:03:01 am | Posted By Vinay Sharma

Sometimes, somewhere between the moment someone speaks and another responds, communication becomes broken. We’ve all been there. A conversation, or even an online chat or string of mobile texts, leads to a terrible misunderstanding and all of a sudden all hopes for reaching an agreement...

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Category : General | Comments : 0 | Hits : 773

Posted Date : 18-Dec-2012 , 07:04:41 pm | Posted By Vinay Sharma

‘Caveat emptor’ means “let the buyer beware”, i.e. in sale of goods the seller is under no duty to reveal unflattering truths about the goods sold. Therefore, when a person buys some goods, he must examine them thoroughly. If the goods turn out to be defective or do no...

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Category : Students Zone | Comments : 0 | Hits : 3321

Posted Date : 18-Dec-2012 , 05:49:43 pm | Posted By Sourabh Jain

Service tax on Supply of food at Restaurants   It is said that some things which seem to be very authentic may not be always correct. This is same which is happening with issue of Service tax on supply of food in restaurants. Internet is equal for both whether you are correct or fact...

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Category : Service Tax | Comments : 1 | Hits : 905

Posted Date : 15-Dec-2012 , 08:17:49 pm | Posted By Vinay Sharma

Steps 1 Make a list of the things you do for fun, or that you really enjoy. Include in the list the parts of your job that you really like, the things you volunteer for, sports, the arts, reading, etc. Imagine you're a billionaire with no worries about money, how would ...

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Category : Students Zone | Comments : 0 | Hits : 514

Posted Date : 15-Dec-2012 , 08:14:15 pm | Posted By Vinay Sharma

Specific Measurable Attainable Realistic Timely Specific: A specific goal has a much greater chance of being accomplished than a general goal. To set a specific goal you must answer the six “W” questions: *Who:      Who is involved...

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Category : General | Comments : 0 | Hits : 376

Posted Date : 15-Dec-2012 , 08:12:52 pm | Posted By Vinay Sharma

The legal provisions regarding the right of lien of an unpaid seller has been stated from Sections 47 to 49 of the Sale of Goods Act, 1930 which may be enumerated as follows : (i) According to Section 47 the unpaid seller of the goods who is in possession of them is entitled to retain ...

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Category : Students Zone | Comments : 0 | Hits : 441

Posted Date : 14-Dec-2012 , 01:55:55 pm | Posted By Vinay Sharma

Agift is a common mode of transfer of property. It is the transfer of certain existing moveable or immoveable property by one person to another. The transfer should be made voluntarily and without consideration. The person transferring the property is called the donor. The person to who...

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Category : General | Comments : 0 | Hits : 1158

Posted Date : 14-Dec-2012 , 12:16:02 pm | Posted By Vinay Sharma

CHARACTERISTICS OF A NEGOTIABLE INSTRUMENT A negotiable instrument has the following characteristics: 1. Property: The prossessor of the negotiable instrument is presumed to be the owner of the property contained therein. A negotiable instrument does not merely give possession o...

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Category : Students Zone | Comments : 0 | Hits : 3347

Posted Date : 14-Dec-2012 , 12:12:11 pm | Posted By Vinay Sharma

The government has proposed to amend Section 66 (A) of the Information Technology Act which has been dubbed as one of the most draconian laws in the country. As per the proposal, the government will set new guidelines for officers dealing with this act so as to ensure that there is some accou...

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Category : General | Comments : 0 | Hits : 338

Posted Date : 13-Dec-2012 , 08:19:35 pm | Posted By Vinay Sharma

Anger is an emotional signal to you that something in your environment isn’t right. It captures your attention and motivates you to take action. Anger is a natural emotion that every human and many non-human animals experience. This is a human psyche to get angry when things get worse a...

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Category : General | Comments : 0 | Hits : 473

Posted Date : 13-Dec-2012 , 05:05:04 pm | Posted By Vinay Sharma

Ye ca he mere dost ye yo hi nahi ho jaata Isme karni padti he padha i Like mount everest ki chadhai Ye nahi hota 2-4 ghante pad kar Satati he dukh bhari raate rah rah kar Na koi gaana bajana na hota dance vance You have to prepare yourself at least 6 month in advance M...

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Category : General | Comments : 0 | Hits : 569

Posted Date : 13-Dec-2012 , 01:32:34 pm | Posted By Vinay Sharma

Simply, we can define communication as “sharing of ideas or feelings with others.” Communication takes places when one person transmits information and understanding to another person. There is a communication when you respond or listen to someone. Movements of lips, the wave of hands...

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Category : Students Zone | Comments : 0 | Hits : 447

Posted Date : 13-Dec-2012 , 01:26:51 pm | Posted By Vinay Sharma

Negotiation may be defined as the process by which a third party is constituted the holder of the instrument so as to entitle him to the possession of the same and to receivethe amount due thereon in his own name. According to section 14 of the Act, ‘when a promissory note, bill of ...

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Category : Students Zone | Comments : 0 | Hits : 920

Posted Date : 13-Dec-2012 , 01:17:40 pm | Posted By Vinay Sharma

There is a story about a man who sold hot dogs by the roadside. He was illiterate, so he never read newspapers . He was hard of hearing, so he never listened to the radio. His eyes were weak, so he never watched television. But enthusiastically, he sold lots of hot dogs. His sales ...

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Category : General | Comments : 0 | Hits : 589

Posted Date : 12-Dec-2012 , 06:07:35 pm | Posted By Roopak

  Transfer Pricing (AMA) Transfer pricing comes into use when various divisions of a company deal with one another. A transfer price is that notional value at which goods and services are to be transferred by the supply division to receiving division. The goods that are produced by t...

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Category : Students Zone | Comments : 0 | Hits : 436

Posted Date : 12-Dec-2012 , 12:00:49 pm | Posted By Vinay Sharma

Memory is identical to the age factor. The more advanced age, his memory decline. However, many ways can be done to maximize the ability of our memory.   1. Brain Gymnastics Such brain muscle that needs to be practiced regularly. How, for challenge ...

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Category : General | Comments : 0 | Hits : 1805