Articles by CA CS CIMA Prakash Somani

Tips to Prepare for Audit

CA CS CIMA Prakash Somani 05 September 2009 at 11:55

Tips to Prepare for Audit ( IPCC & CA Final )Prepared by : CA Prakash Somani (CA, B.Com, NCFM (CMDM), Pursuing CS)1. Don’t go by size of modules, they are easy to read2. While different peoples' learning styles will vary, it is genera

Time Managment Tips for CA Students

CA CS CIMA Prakash Somani 05 September 2009 at 11:55

How do you manage your time?1. Always define your objectives as clearly as possible. Do you know what marks a successful man from unsuccessful ones?? Successful man knows where he has to go. He has a desired destination and he draws a plan to achieve

Complete guide to CFA ( Chartered Financial Analyst )

CA CS CIMA Prakash Somani 21 July 2009 at 17:54

Q1. How I can become Chartered Financial Analyst ?A1. The constantly developing industrial scenario has created a demand for experts in the field of finance. The ever-changing scenario also means new ways and means for managing financial portfolios.

Complete guide to SERVICE TAX

CA CS CIMA Prakash Somani 19 June 2009 at 20:40

SERVICE TAX Q.1 What is e filing ? A.1 E filing is a facility for the electronic filing of Service tax returns by the assesse from his office, residence or any other place of choice, through

Complete guide to Custom Duty

CA CS CIMA Prakash Somani 19 June 2009 at 20:40

CUSTOMS Q.1 Please give me the rate of duty on a particular item A.1 We regret that we do not have the personnel at present to give specific rat

E- TDS/TCS RETURNS - FAQ

CA CS CIMA Prakash Somani 24 April 2009 at 13:05

FREQUENTLY ASKED QUESTIONS 1. What is e-TDS Return? e-TDS return is a TDS return prepared in form No.24,26 or 27 in e

All about Service Tax

CA CS CIMA Prakash Somani 23 April 2009 at 13:24

Q: What is Service tax?A: Service tax is an indirect tax levied under the Finance Act, 1994, as amended from time to time, on specified services. At present, there are approximately 96 categories (including 15 new services introduced by Budget 2006)

FAQs on Input Tax Credit (ITC)

CA CS CIMA Prakash Somani 22 April 2009 at 12:39

INPUT TAX CREDIT Q.1. What is input tax credit? A.1. Input tax credit is the amount of tax paid by the dealer on purchases for which the dealer is entitled to claim a credit.

Everything about Company Secretary (CS)

CA CS CIMA Prakash Somani 03 April 2009 at 14:17

Q1.Tell me something about the career of company secretary?A1.The use of the word secretary in the name of this specialisation is a bit misleading for one who i..

Types Of Mortgages

CA CS CIMA Prakash Somani 01 March 2009 at 02:17

Simple Mortgage Where, without delivering possession of the mortgaged property, the mortgagor binds himself personally to pay the mortgage-money, and agrees, expressly or impliedly that in the event of his failing to pay according to his contract,