Posted Date : 27-Nov-2012 , 09:28:16 am | Posted By Mukul Gulati

Intellectual property (IP) has taken a very important role in the economic world today.  Long gone are the times when brick and mortar were treated as assets of a company. Today, it is the grey matter inside a human brain that is the asset.  Companies are gearing up f...

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Category : Corporate Law | Comments : 0 | Hits : 559

Posted Date : 23-Nov-2012 , 12:57:35 am | Posted By NAVNEET KUMAR JAIN

Difference in applicability of Cost Compliance Report and Cost Audit Report New Cost Audit Orders and its Comparision with earlier orders  By CMA Navneet Kumar Jain FCMA, MBA, LL.B., M.COM., PGDTL, LIII., AIIISLA   With issue of various circulars, cost audit orders a...

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Category : Auditing | Comments : 0 | Hits : 1578

Posted Date : 20-Nov-2012 , 12:21:54 pm | Posted By CA Ramesh K Chhajer

  Abatement has been provided in Notification no. 26/2012 dated 20.6.2012effective from 1.7.2012 1.     Financial leasing services- 10% taxable Financial leasing includes hire charges but excludes operating lease 2.     Transport of pas...

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Category : Service Tax | Comments : 0 | Hits : 24632

Posted Date : 11-Nov-2012 , 11:26:03 pm | Posted By Atul Arora

Its Diwali Time   Hai mausam tyoharo ka, Aj hum tyoharo ki baat karte hai Ayi hai Diwali ab, Hum Diwali ki baat karte hai Karne ko hai baate badi, Par rab ki banayi aaffat ki baat karte hai Kahte hai ise kudi, hum inhi fuljhadiyo ki baat karte hai   Tarh Tarh...

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Category : Students Zone | Comments : 0 | Hits : 633

Posted Date : 10-Nov-2012 , 10:53:01 pm | Posted By Anmol Goyal

  Exactly What is Success? Is success measured by how much money you have? How happy you are? How satisfied? Is success really just up to you? Here's the Merriam-Webster definition: noun: 1) satisfactory completion of something. 2) the gaining of wealth and fame. 3) one t...

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Category : Students Zone | Comments : 0 | Hits : 584

Posted Date : 09-Nov-2012 , 07:40:54 pm | Posted By CA. Ajay Agrawal

so the Renewed and Improved Website of the IT Dept for the E-filing of the IT returns -  www.incometaxindiaefiling.gov.in is ready to use -    the improved website is loaded with lot of new features - some of them are rigid.   e.g. 1)  while r...

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Category : Income Tax | Comments : 0 | Hits : 837

Posted Date : 05-Nov-2012 , 11:58:36 am | Posted By Anmol Goyal

  There was a blind girl who hated herself just because she was blind. She hated everyone, except her loving boyfriend. He was always there for her. She said that if she could only see the world, she would marry her boyfriend. One day, someone donated a pair of eyes to her and then s...

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Category : General | Comments : 3 | Hits : 1105

Posted Date : 05-Nov-2012 , 11:58:17 am | Posted By Anmol Goyal

  My mom only had one eye. I hated her… She was such an embarrassment. She cooked for students and teachers to support the family. There was this one day during elementary school where my mom came to say hello to me. I was so embarrassed. How could she do this to me? I ign...

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Category : General | Comments : 1 | Hits : 762

Posted Date : 31-Oct-2012 , 02:07:13 pm | Posted By Swati Singh

There was once a very wise teacher, whose words of wisdom students would come from far and wide to hear. One day as usual, many students began to gather in the teaching room. They came in and sat down very quietly, looking to the front with keen anticipation, ready to hear what the teacher had to...

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

Posted Date : 31-Oct-2012 , 12:31:48 pm | Posted By CMA Arif Farooqui

Taxability of Income from Real Estate Real Estate is an ever green investment option in India and it has always given good returns. It can be a residential or commercial property. Real Estate gives recurring income in form of rent and appreciation in value in case of re-sale.  As...

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Category : Income Tax | Comments : 0 | Hits : 512

Posted Date : 30-Oct-2012 , 05:42:08 pm | Posted By Swati Singh

Once Buddha was walking from one town to another town with a few of his followers. This was in the initial days. While they were travelling, they happened to pass a lake. They stopped there and Buddha told one of his disciples, “I am thirsty. Do get me some water from that lake there.&rdquo...

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Category : Students Zone | Comments : 1 | Hits : 767

Posted Date : 30-Oct-2012 , 05:40:06 pm | Posted By Swati Singh

This is the story of two frogs. One frog was fat and the other skinny. One day, while searching for food, they inadvertently jumped into a vat of milk. They couldn't get out, as the sides were too slippery, so they were just swimming around. The fat frog said to the skinny frog, "Bro...

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Category : Students Zone | Comments : 1 | Hits : 558

Posted Date : 29-Oct-2012 , 05:56:03 pm | Posted By Swati Singh

About a hundred years ago, a man looked at the morning newspaper and to his surprise and horror, read his name in the obituary column. The news papers had reported the death of the wrong person by mistake. His first response was shock. Am I here or there? When he regained his composure, his secon...

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Category : Students Zone | Comments : 1 | Hits : 452

Posted Date : 26-Oct-2012 , 03:03:02 pm | Posted By Swati Singh

These questions have no right or wrong answers. Because sometimes asking the right questions is the answer. How old would you be if you didn’t know how old you are? Which is worse, failing or never trying? If life is so short, why do we do so many things we don&rsquo...

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Category : Students Zone | Comments : 1 | Hits : 1535

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 : 447

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 : 845

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 : 2560

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 : 850

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 : 672

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 : 455