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Companies Act, 2013- Sch II depreciation revised
Schedule II of the Companies Act 2013 Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less i
Main Hoon Na - CSR is not street charity?
Street Charity chant, please do charity in the name of almighty, reaction to this may be impulsive, we donate but without knowing the cause. This impulsive charity does not require the caregiver to look back on who the beneficiary is an
Simplifying Delhi VAT - Legal & procedural relaxations expected
Simplifying Delhi Value Added Tax Legal & Procedural Relaxations Expected
Who's budget first? Personal or governments
Karneeti Part 77Whos Budget First? Personal or GovernmentsArjuna (Fictional Character): Krishna, Honorable Finance Minister Mr. Arun Jetley will be declaring the Finance Budget of 2015-16 on 28th February in the Loksabha. Everyone is excited f
What Union Budget of India 2015-16 should include?
Finance minister Arun Jaitley will present Union budget of India for 2015-16 on 28th February. Now there are some points which should be included in it. Infrastructure Projects - There are nearly 5 lakh crores worth of infrastructure projects which a
Input credit mechanism under proposed GST regime
Input Credit mechanism under proposed GST regime-The milestone to achieveBACKGROUND:Before I begin this article it is worthwhile to discuss the background behind this since as of today no professional as well dealer is sure about the consequences of
New scheme of education & training - Practical analysis
As per Srimad Bhagavad Gita, It is only change which remains forever and every other thing changes with the change. So true. More than 5,000 years ago, humanity got this divine knowledge which is becoming more and more rel
Ind AS applicability
Indian Accounting Standards (Ind As)As we all know that as per Notification of Ministry of Corporate Affairs on 16th February2015 Ind As has came into force. They shall come into force on the 1st day of April, 2015. I have gone through the notificati
Guide to grant of refund under MVAT act
Introduction: -After introduction of VAT, a large quantum of refund application have beenfilled. The Department under going transition due to which business processhave undergone many changes. As result, a num
'Convergence - Ind AS notified (Ind AS applicability)
With accounting having become the global language of business, the convergence with International Financial Reporting Standard (IFRS) is the need of the hour as an economic imperative for India. The Finance Minister Shri Arun Jaitley a
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