AS-1 Disclosure of Accounting Policies Significant Accounting Policies followed in preparation of accounts be disclosed at one place along with the financial statements. Any change and financial impact of such change should be disclosed. If
CHARGEABILITY (SECTION 3) Wealth tax is charged for every assessment year in respect of net wealth of the corresponding valuation date of every individual, HUF and company, at the rate of 1% on the amount by which the net wealth exceeds Rs. 30,00,0
Businesses have been grown over the period of time due to general growth of the economy and varied other reasons. But at the same time various numbers of business and service providers, irrespective of their area of operations, earning substantial i
BASIS OF CHARGE: [Section 15] As per Section 15, salary consists of the following: any salary due from an employer or a former employer to an assessee in the previous year, whether actually paid or not; any salary paid or allowed to him in the
Chargeability u/s 45 Profits or gains arising from the transfer of a capital asset is chargeable to tax in the year in which transfer take place under the head "Capital Gains". Definitions Transfer: Sec. 2(47): Transfer in relation to
Hello everyone after a long time I'm writing an article, I hope you that this will encourage and motivate you as my earlier ones did. This article is all about what makes a person to become a Chartered Accountant. The word Chartere
Hello Everyone very Good Morning to all my friends and respected Seniors.There always a question in our mind what to do while doing CA.In the case of an articled clerk who is already a graduate, one additional course of study out of t
Hello everyone, May this article will help you to put your greatest strength which you already have but you never been put it. Have a nice reading.. On a dreamy Sunday I had a chat with Mr. Success. I asked why it never came to me. I a
Hello everyone, result of IPCC is around the corner not so far away, few days are remaining and heart beats started to tumble. Hard work always pays if you had given your best then no need to worry you will clear it in flying colors. Being a CA stud
Today Im sharing not only an article but a reality of my life. From the beginning of my life I was a good student but I was not sincere to my studies. I always tried to escape from my school and from tuitions. In Class 10 I attended only 36