Articles by Member (Account Deleted)

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Taxation Entries

  Member (Account Deleted)    11 October 2012 at 13:06

The actual taxation entries are most important things as they clears the Balance sheet picture and gives real result. Before going to understand the taxation entries, we should clear the various heads relating to Income Tax. [1] Provision for In



Ratio Analysis

  Member (Account Deleted)    17 September 2012 at 12:32

Analysis of financial reports requires skill of mathematics, accountancy as well as statistical tools. But there are some basic ratios which can be helpful for a layman also to analyze the Balance Sheet, Profit & Loss A/C of a company or a ban



Provisions for Investments by banks

  Member (Account Deleted)    14 August 2012 at 11:28

Allowability of provision made by banks for Investment Depreciation Reserve due to MTM for AFS & HFT and amortization of premium on HTM. Many banks are disallowed for the certain deductions which are to be made as per RBI statutory regulat



Demand & Time Liability of Savings Bank Account

  Member (Account Deleted)    09 August 2012 at 11:46

DEMAND AND TIME LIABILITY OF SAVINGS DEPOSITS DEMAND LIABILITY IS ONE WHICH IS DEMANDABLE AT ANY POINT OF TIME WHEREAS TIME LIABILITY IS ONE WHICH IS CORE PORTION AND NOT DEMANDABLE FOR A LONGER PERIOD. WHEN INTEREST ON SAVINGS DEPOSITS



Clause 36(1)(viia)

  Member (Account Deleted)    25 July 2012 at 12:12

Many banks are in the state of confusion that they cant take the benefit of both the section 36(1)(vii) and 36(1)(viia) of Income tax Act. In this article I have tried to explain logically by historical approach of these sections. [1] FOR