Introduction:Related party for a company includes promoters, those who exercise significant influence on the management or key employees. Holding and subsidiary companies, group companies and joint ventures are also deeme
Interest Hammer on assessee- Illustrated Interest on Service Tax is charged in accordance with the provisions of Section 75 of Finance Act 1994. Rate of Interest up to 01/10/2014 is simple interest of 18% per annum on delayed payment of tax (3% conce
1. Introduction: Government of India in the Union Budget 2014-2015, announced the revival of Varishtha Pension Bima Yojana. Excerpts from budget speech by Honrable Finance Minister are, "NDA Government during its last term in office had introduc
Dear Students, During my contribution to various sections of Caclubindia like Forum, Articles and Expert section, many times I have come across a common issues faced by student which is how to prepare for SFM subject. Although I have ne
Dear CA Aspirants, As we all are aware about the fact that Audit is a very crucial subject for Chartered Accountants from exam and professional careers point of view. Audit is not that subject which leaves you once you passed all your exams. A
INTRODUCTION Many of us think that the job of an auditor is very fascinating and easy, but it is not so, the job of an auditor is very hectic and involves lot of hard work and commitment. It involves checking whether the financial statements of the en
Service Tax on Truck Owners Services provided by way of transportation of goods by road are in the negative list in clause (p) of Section 66D. However, such clause makes an exclusion of services provided by Goods Transport Agency. Thus, it can be inf
Ledger scrutiny is part of audit procedures, like vouching, posting etc.The scrutiny is required in all type of audit whether the same is Internal Audit, Statutory Audit. Ledger scrutiny is to be done for all type of clients whether the same is Pvt
Acceptance of Depositunder the Companies Act, 2013w.e.f. 1st April, 2014I. Meaning of the word DepositsAs per Section 2(31) the word Deposit has been defined as follows:Deposit includes any receipt of money by way of depos
As per New Company Law, gap between two board meetings cant exceed 120 Days. If last board meeting of company was held on 31st March 2014 then next board meeting can be held upto 28th July, 2014 (April 30 days + May 31 Days + June 30 days +Jul
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English