Dear All, We are pleased to inform that the Ministry of Finance has decided to postpone the implementation of GAAR and shall be applicable from 1st April, 2016.
Everybody is acclaiming that constitution of National Financial Reporting Authority (NFRA) will make professionals more responsible towards wrongdoing. They will bring more stringent rules and policies. They will have the last word on accounting and
Concept of One Person Company The Companies Bill,2012 ( hereinafter referred as The Bill) passed by the Lok Sabha introduces a new form of company by the name of One Person Company (hereinafter referred as OPC)
Hi Friends, I am again with my second story on my life and what mistakes I have made while preparing for my CA Final Exams. I hope you guys enjoyed reading my last story A CA STUDENTS SAGA [http://w
Honorable Finance Minister, could you please boot out tedious TDS? Its that time of the year when you are preparing next years budget for presentation in parliament. Hopefully this Budget is not just an annual exercise but an effort
Centralised Processing of Statement of TDS Scheme, 2013 (Notification 3, Date of Issue 15-01-2013) Ministry of Finance has introduced the scheme for Centralised Processing of Statement of TDS on 15th January, 2013 in exercise of powe
Normally, a company is liable to pay tax on the income computed in accordance with the provisions of the Income-tax Act, 1961 but the profit and loss account of the company is prepared as per the provisions of the Companies Act, 1956. There were
Introduction: The Ministry of Finance had come out with General Anti Avoidance Agreement (GAAR) in this buget. But due to its opposition from many quarters especially the FIIs(Foreign Institutional Investors), Government formed a expert Com
The National Stock Exchange of India Limited (NSE) was incorporated as a joint stock company under the Companies Act, 1956 on November 27, 1992.The Government of India has granted recognition as a s
XYZ is engaged in the business of real state development. In the normal course of business, it imports the various high quality equipment's and goods from outside India. Whether the title and ownership of the goods exported by exporter outside India,
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