Posted Date : 26-Oct-2012 , 02:57:21 pm | Posted By Swati Singh

In a poor zoo of India, a lion was frustrated, as he was offered not more than 1 kg meat a day. The lion thought its prayers were answered when one US Zoo Manager visited the zoo and requested the zoo management to shift the lion to the US Zoo. The lion was so happy and started thinking of a...

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Category : Students Zone | Comments : 0 | Hits : 433

Posted Date : 24-Oct-2012 , 11:18:13 am | Posted By Neeraj Dhikoliya

  (1)       It is respectfully submitted that the recovery proceedings against the Guarantor before hon’ble Debts Recovery Tribunal (hereinafter ‘DRT’ or ‘Tribunal’) under section 19 of the Recovery of Debts Due to Banks and Fin...

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Category : Income Tax | Comments : 0 | Hits : 818

Posted Date : 23-Oct-2012 , 06:57:20 pm | Posted By Preeti

  Pivot Tables - Excel Tool for Data Analysis  As we are all aware excel is widely used for accounting and financial purposes. In the past they were used only to perform basic maths, such as adding, multiplying, subtracting and dividing. Today's spreadsheets can be sign...

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Category : Auditing | Comments : 0 | Hits : 2544

Posted Date : 20-Oct-2012 , 09:32:04 pm | Posted By NAVNEET KUMAR JAIN

MCA to Review Cost Audit/Compliance Reports By CMA Navneet Kumar Jain FCMA, MBA, LL.B., M.COM., PGDTL., LIII., AIIISLA Festive season is on and the costing professionals along with Financial Heads of the organisations are busy in preparation of cost records and finalizing the same fo...

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Category : Auditing | Comments : 0 | Hits : 826

Posted Date : 18-Oct-2012 , 12:30:45 pm | Posted By Anmol Goyal

  There was a rich merchant who had 4 wives. He loved the 4th wife the most and adorned her with rich robes and treated her to delicacies. He took great care of her and gave her nothing but the best. He also loved the 3rd wife very much. He's very proud of her and always wanted t...

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Category : Students Zone | Comments : 1 | Hits : 632

Posted Date : 18-Oct-2012 , 12:28:02 pm | Posted By Anmol Goyal

  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 the jar was...

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Category : Students Zone | Comments : 0 | Hits : 443

Posted Date : 18-Oct-2012 , 08:29:07 am | Posted By Kishore Bolisetty

ERP is the abbreviation for Enterprise Resource Planning. There are an array of ERPs to choose from such as SAP (the daddy of all ERPs), BAAN, Oracle Financials, Navision, Xapta, Integrated Business Solutions, Peoplesoft  and the list could be endless. Entity choses an ERP...

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Category : General | Comments : 0 | Hits : 347

Posted Date : 12-Oct-2012 , 03:27:33 pm | Posted By Ankit Bhutoria

  SERVICE TAX FOR AUTOMOBILE DEALERS   Brief Introduction   Generally Automobile Dealers are engaged in three main activities i.e. Selling of Vehicles, Selling of Spare parts of vehicle, and working as an Authorized Service Station on behalf of the principa...

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Category : Service Tax | Comments : 1 | Hits : 952

Posted Date : 10-Oct-2012 , 07:55:41 pm | Posted By Mukul Gulati

The objective of any profession of having quality students coming out of the system is one of the important ones. The profession expects that the knowledge requirement is obtained by going through the curriculum along with practice. In the CA course, questions especially at the...

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Category : Students Zone | Comments : 0 | Hits : 377

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 : 544

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 : 2469

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 : 810

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 : 723

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 : 594

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 : 943

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 : 826

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 : 685

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 : 684

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 : 1749

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 : 2661