Articles by Garima

FAQ on Forward Contract (Regulation) Amendment2008

Garima 17 February 2008 at 13:08

FAQS ON THE FORWARD CONTRACTS (REGULATION) AMENDMENT ORDINANCE 2008 AND THE POLICY FOR FDI/FII IN COMMODITY EXCHANGES?. What is the legal framework to regulate the commodity futures market? ü The Forward Contracts (Regulation) Act, 1952 (FC(R)

PPF

Garima 15 February 2008 at 14:27

Public Provident Fund The Public Provident Fund Scheme is a statutory scheme of the Central Government of India. The Scheme is for 15 years. The rate of interest is 8% compounded annually. The minimum deposit is 500/- and maximum is Rs. 70,000/- in a

FAQ ON DIGITAL SIGNATURE

Garima 05 February 2008 at 15:58

FAQS ON DIGITAL SIGNATURE 1. What is a Digital Signature Certificate? Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. Examples of phy

FAQs on TAN

Garima 30 January 2008 at 17:24

What is TAN?Ans. TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. It is compulsory to quote TAN in all TDS/TCS returns

FAQs ON SERVICE TAX

Garima 23 January 2008 at 13:14

F. A. Qs on Service TaxQ.1) What is Service Tax ? Ans. The Service Tax is an indirect tax levied on certain services provided by certain categories of persons/firms/agencies. Service Sector which had represented nearly 35-40% of GPD had remained unta

SOME TIPS BEFORE FILING IT-RETURN

Garima 14 January 2008 at 01:53

Some tips before you file I-T...lest you miss out Whether you file it through the e-mode or the qmode, rush hour filing may mean that you could inadvertently miss out on certain details & disclosures . The new return formats do not require f

FREEDOM ELASTICIZED FOR ACCOUNTING PROFESSIONALS & CORPORATE

Garima 12 January 2008 at 11:33

FREEDOM ELASTICIZED FOR ACCOUNTING PROFESSIONALS & CORPORATESMr Prem Chand Gupta, the Corporate Affairs Minister, on Thursday committed to provide more freedom to Corporates and Accountancy Professionals under a self-regulatory regime with minimu

Use of MS-Excel for Financial Analysis/Audit

Garima 03 January 2008 at 11:56

Introduction Almost all accountants use MS-Excel today. However, the use is rather simple and that of a glorified typing machine, in most cases. Excel is typically used to generate Trial Balance/ P&L/ BS. Many accountants/ auditors use MS-Excel