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21 Critical Things To Write an Effective Email

December 22, 2015 8446 Views 0 comment Print

An effective email can open a new world of opportunities to you. Imagine, you want to pitch an investor over an Email. There are a lot of us who don’t know much about composing an email that will actually be read and acted upon. I have seen people using emails like a Chat Messenger. Emails are always for communicating more effectively in profound English.

Analysis of Companies (Meetings of Board and its Powers) Second Amendment Rules, 2015

December 22, 2015 10894 Views 0 comment Print

In the Companies (Meeting of Board and its Powers) Rules, 2014, After Rule 6 of Companies (Meeting of Board and its Powers) Rules, 2014 the Rule 6A inserted: Before Amendments: Rule 6 of Companies (Meeting of Board and its Powers) Rules, 2014 talk about Committee of the Board: The Board of Directors of every listed […]

Analysis of Companies (Audit and Auditors) Amendment Rules 2015

December 22, 2015 10704 Views 0 comment Print

In Companies (Audit and Auditors) Amendment Rules 2014 Section 143(12) of Companies Act, 2013 states If an Auditor of the Company, in the course of the performance of his duties as auditor, has reason to believe that an offence involving fraud is being or has been committed against the company by officers or employees of […]

How to become more Efficient in Life

December 22, 2015 3302 Views 0 comment Print

With the increase in work load and performance pressure, multi tasking is the only way left to complete the work in limited time frame. Though it has helped us a lot but possibility of making errors has also increased many folds. We work in a field were making error is easy but getting it rectified from government authorities is very difficult and time consuming. So the question arises is how to utilize your limited time so as to reduce errors and increase productivity?

Revised ECB framework widens the reach of NBFCs

December 22, 2015 3242 Views 0 comment Print

The revised ECB framework which the RBI issued on the 30th of November, 2015 comprise of favorable amendments with regard to categories of eligible borrowers. One of the components of the financial sector of the economy, the NBFCs, will be benefitted by the framework. The earlier framework was not as liberal and considerate as the revised framework with respect to NBFCs.

ICAI Limit on Engagement of Articled Assistants by Members

December 22, 2015 91391 Views 3 comments Print

43. Engagement of Articled Assistants- Subject to the provisions of these Regulations and subject to such terms and conditions, as the Council may deem fit to impose in this behalf, the members designated as an associate or a fellow, who has been in practice continuously, whether in India or elsewhere or an associate or a fellow, who is deemed to be in practice within the meaning of Explanation to sub-section (2) of section 2 of the Act, shall only be eligible to engage an articled assistant or assistants:

CAG Report on Working of Automation of Central Excise and Service Tax

December 22, 2015 2174 Views 0 comment Print

We conducted the Performance Audit to seek an assurance whether the objectives of Automation of Central Excise and Service Tax (ACES) framed by the department have been achieved. We also examined the extent of utilisation of ACES in the field formations of the Board. The Performance Audit was conducted in 40 selected Commissionerates apart from the office of the Directorate General of Systems and Data Management.

Supply without consideration whether taxable under GST

December 22, 2015 11806 Views 0 comment Print

The taxable event in any tax law is of utmost significance as the levy of tax is based on occurrence of that event. For instance, taxable event for excise is ‘manufacture’, for VAT/CST is ‘sale’, for service tax is ‘Provision of service’, etc. Under GST all the taxable events will be replaced with only one event which is “Supply” and hence the term supply will be the backbone of the GST Act.

Summary on IND AS-2 Inventories

December 22, 2015 15352 Views 0 comment Print

This Ind AS applies to all inventories except financial Instruments, Biological Instruments and Work in Progress arising under construction. It does not apply to the inventories held by Producers of Agriculture, forest products and minerals products and Commodity broker. Commodity Broker shall measure the inventories at Fair value less cost to sell.

Payment of broken period interest will be allowed as a business expense

December 22, 2015 1369 Views 0 comment Print

1.ITAT Mumbai held in the case of Asst. DIT Vs M/s Hongkong and Shanghani Banking Corporation Ltd that the broken period interest paid would be allowed to the assessee after relying the case of the assessee itself in The Hongkong and Shanghai Banking Corporation Ltd V/s DCIT

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