Most of the executives of successfully running small medium enterprises have this question in mind. We have already spending for statutory audits (namely external audits) and why we need to spend again for internal aud
QUESTIONNAIRE ON ACCOUNTING STANDARDS AS - 1 - Disclosure of Accounting Policies Are the following fundamental accounting assumptions followed: Going concern concept (Note, the concept shall be evaluated wit
User should register as a Legal Heir to do e-Filing on behalf of the deceased. This is a new feature provided for Individual user. A Legal Heir can file Income Tax Return, View Status of Income Tax Return, ITR-V Acknowledgment and other fi
8th March 2013 is being a special day which is not marked as a red letter day in the calendar but celebrated across the world as International Women's Day. Those who dont know the background for international womens day
Introduction: Electronic voting (also known as e-voting) is a term encircling several different types of voting, implementing both electronic means of casting a vote and electronic means of counting votes. Electronic vot
I received a message from one of our club member and she was keen to learn internal audit process & reporting and requested for some sample audit report. I replied her to develop her own audit report and send me for review, after reviewing the
According to Sir Francis Bacon, Travel is the younger part of education, in the elder part of experience. On 2nd March, 2013, The ICAI Si
Pre-requisites of Section 91(1) and 192 of I.T. Act, 1961 In this write up, the author has enlightened the pre-requisites of Section 91(1) and 192 of the Income Tax Act, 1961 keeping in view the basic objective of the concerned section. Also t
NET WORKING CAPITAL Networking of Capital: Reduction of Net working Capital requires understanding the networking of Capital. At the threshold we all are aware that Net working capital is the difference between Current asset and Current lia
INTRODUCTION:- Beware if you are the one illicitly holding the government revenue!!! Government is all set to severely punish the people contravening the provisions of Finance Act, particularly, when one collect the service tax and fails to deposi