Accounts Articles

Scepticism on ethics all-pervasive

CA Nikita 25 September 2007 at 15:51

Whenever in the classroom I discuss contemporary principles and methods for the preparation and presentation of financial statements, with executive and students, I always see discomfort gripping the participants. They express concerns that current p

tally import data

Ritesh 30 August 2007 at 16:06

Import TALLY Data / Export TALLY Data Tally allows users to Import data from other software's as well as Export data from Tally to other software's. Tally allows users to Import and Export in ASCII, SDF and XML formats. XML is now the most widely use

Complications and Facts of Accountancy

CA Nikita 23 August 2007 at 18:09

With the opening up of the real-estate industry, there has been an increase in Foreign Direct Investment (FDI) in the sector. According to a report by property consultants Jones Lang LaSalle, an estimated $10 billion foreign investment is expected to

All about Revaluation of Assets

CA Manish Iyer 13 August 2007 at 23:35

Introduction:Many countries around the world are committed to adopt IFRSs directly or to get their national standards aligned with IFRSs. The change to IFRS will have major effects on the financial statements. This is because of the following reasons

AS-2 v/s IAS-2

ANSHUL RASTOGI 14 July 2007 at 05:22

Comparative Study of AS-2 (Valuation of Inventories) and IAS-2 (Inventories)[By Mr. Anshul Rastogi, Meerut, Uttar Pradesh,Student of CA Final]June 12, 2007AS-2IAS-2Valuation of Finished Goods and Work In Progress (WIP) Inventories in form of finished

AS-22 v/s IAS-12

ANSHUL RASTOGI 14 July 2007 at 05:21

COMPARATIVE STUDY OF AS-22 (ACCOUNTING FOR TAXES ON INCOME) AND IAS-12 (INCOME TAXES)[Submitted by Mr. Anshul Rastogi,CA(Final),Meerut, Uttar Pradesh]July 6, 2007OBJECTIVE (AS-22 and IAS-12) To prescribe the accounting treatment for taxes on income.

Valuation of related party transactions by taxmen, SERVICE TAX

CA Nikita 20 June 2007 at 02:19

Pricing of cross border supplies of goods and services assumes significance for the purpose of determining customs duties thereon and also for ascertaining the income tax liability of the person undertaking or receiving cross border supplies. It ther

Distinction between shares held as stock-in-trade and shares held as investment - tests for such a distinction

CA Nikita 20 June 2007 at 02:07

Distinction between shares held as stock-in-trade and shares held as investment - tests for such a distinctionCIRCULAR NO. 4/2007, DATED 15-6-2007 The Income Tax Act, 1961 makes a distinction between a "capital asset" and a "trading asset".2. Capital

Of deemed dividends and accumulated profits

Guest 18 June 2007 at 04:36

The concept of deemed dividend postulates two factors, whether thepayment is a loan and whether on the date of payment there isaccumulated profit.Closely-held companies having accumulated profits in whichsubstantial voting power lies in the hands of

New boardroom dynamics

Guest 12 June 2007 at 06:02

What happens within boardrooms of companies has a direct bearing oncorporate governance, and the character and value systems of thedirectors and the time and inclination they have to exercise closeand constant supervision influence the happenings wit