Community & General Articles

Understanding the US GAAP with Indian GAAP

Posted by Manish Kumar Agarwal 15 October 2012 97490 Views

With the globalization and advancement of India, Indian accountant professionals(IAP) are not only required to follow the India AS but also required to follow the US GAAP, as many MNC are doing the accounting job from India and IAP are not require

Sow a thought

Posted by Rahul Jain 09 October 2012 11689 Views

In any field Business/practice or even in personal life Our Commitment and Honesty matters a lot in our success. I had a instance few days back....Few days backwe I was travelling to Shilma with my friends.... while we boarded at Shimla my friends

Accounting Treatment of Forward Cover in Different scenario

Posted by Nirmal Shah 09 October 2012 185154 Views

In global scenario, import and export transactions are commonly used by every industry and these transactions are increasing day by day. In last couple of years, rupee and dollar exchange prices movement are drastically changed and due to

Insurance - A Financial Planner? Part - II

Posted by CA Jahanvi Trivedi 05 October 2012 10421 Views

Dear Friends, Further to our discussion on financial planner-Mr. Insurance, I have come back with some more light on this topic. In earlier discussion, we have seen how many dreams we can have in our life. Our dreams are endless and so are our wis

Time Management for Final Exam Preparations

Posted by CA Dhiraj Ramchandani 03 October 2012 51112 Views

Introduction As I already mentioned in my earlier article, that I am receiving such requests of providing time schedules for preparation of different subjects for exams. In that

Venture World: An Introduction to Venture Capital

Posted by CA.Mathew Jacob 03 October 2012 19127 Views

As we know Venture Capital is a financial capital provided to early-stage, high-potential and risk companies. In other words, its the capital that is invested in a

Rajiv Gandhi Equity Saving Scheme and BSDA

Posted by Chirag Shah 02 October 2012 16864 Views

Free Demat Account (BSDA) for all and income tax benefit to new investors (RGESS) One of the main objectives of SEBI is to protect investors and develop the securities market in India. In line with this objective, SEBI on August 27, 2012 issued

Time Management for IPCC Exam Preparations

Posted by CA Dhiraj Ramchandani 29 September 2012 58098 Views

Introduction Ok so, I have been receiving calls and messages from people, regarding time management for the studies. I have already stated the same in my previous articles, bu

Reversal of Cenvat Credit if inputs/capital goods are partially or fully written off: Rule 3 (5B)

Posted by Manoj Pala 29 September 2012 78701 Views

Sub-rule (5B) of Rule 3 of the CCR provides that if the value of any: (i) input, or (ii) capital goods before being put to use, on which CENVAT credit is taken is written off fully or partially or where any provision to write off fully or partia

Audit under section 44AB

Posted by Aashish Ramchand 28 September 2012 78696 Views

I have discussed the various provisions with respect to section 44 AB below The following persons are liable to get their books of accounts audited compulsorily by a Chartered Accountant 1) A person carrying on business if the