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4 things to know before start off your business venture

There are thousands of small businesses which starts off in India every day but unfortunately, most of them forcefully close up their operations in a few months/years. I have tried to list 4 common reasons ‘Why many of the small businesses have to shut down and how you can avoid them to be at a […]...

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Posted Under: CA, CS, CMA |

How to get Clients for Accounting Business

Friends if you have Completed your professional degree and want to start practice. The next question that comes is How to Find new clients? Here are some methods that are available to professionals to market & advertise themself are: Networking Attending the social meetings, making friends and exchanging business cards. These social c...

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Posted Under: CA, CS, CMA |

We Only Responsible

We only are responsible for our own acts and deeds. It is an old age human tendency that when we face failure in any aspect of life we blame others for that and when we succeed, we only remember our own efforts and nothing else. Have we ever thought why this was happened? Why can’t […]...

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Posted Under: CA, CS, CMA |

Composite supply v/s mixed supply – Interpretation makes it even more complex !

A recent Kerala AAR (ADVANCE RULING No. KER/33/2019 dated 01/03/2019) in case of Kerala Forest Development Corporation Ltd. (hereinafter referred as applicant company) has added fuel to the (already burning) fire pertaining to composite and mixed supplies. Fact of the case stands as : Applicant company was providing tour packages to promo...

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Posted Under: CA, CS, CMA |

New standard Ind AS 116 – Leases

Ind AS 116 shall be applied for recognition, measurement, presentation and disclosure of leases. It provides guidance on accounting of leases by lessor and lessee separately. Principles of Ind AS 116 with respect to accounting of leases by lessor are substantially same as previously provided under Ind AS 17. However, there is significant ...

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Posted Under: CA, CS, CMA |

Application of Time Value of Money concept to WDV Depreciation Calculation

Depreciation as per written down value method (WDV) has been under the spotlight after the introduction of the Companies Act, 2013. Schedule II of the act mandates to provide depreciation as per useful life of assets using either straight line method or written down value method. This article is on Application of Time Value of […]...

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Posted Under: CA, CS, CMA |

Statutory and Tax Compliance Calendar for April, 2019

Article compiles due dates for GSTR-1 Return, GSTR-3B , GSTR TRAN-02, TDS Payment, Issue of TDS Certificate for tax deducted U/s. 194-IA /194-IB , Furnishing of Form 24G by an office of the Government, Issue of Quarterly TDS Certificate, Advance Tax, Form 3CEK, Furnishing of challan-cum-statement in respect of tax deducted U/s. 194-IA and...

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Posted Under: CA, CS, CMA |

Changes in GST, Income Tax & corporate Law wef 01.04.2019

New provisions of GST, Income Tax & Corporate Laws applicable w.e.f April 1, 2019 As we are heading towards the beginning of a new financial year, i.e., Financial Year 2019-20, it’s important to know about the provisions of law applicable from April 1, 2019. The Government had made various changes under Income-tax law, GST and [...

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FAQs on UDIN for Statutory Bank / Tax Audit | LFAR | Certificates

1. Whether UDIN is mandatory for Statutory Bank Audit? For Statutory Bank Audit, UDIN is not mandatory. However, for all Certificates to be signed while conducting Bank Audit, generation of UDIN is mandatory as UDIN is already mandatory on all Certification w.e.f 1st, 2019. 2. While conducting Bank Audit, whether separate UDIN has to be [...

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Posted Under: CA, CS, CMA |

Insolvency and Bankruptcy Law In Various Countries

The term Insolvency is used for individuals as well as organisation/corporate. If insolvency is not resolved, it leads to Bankruptcy in case of individual and liquidation in case of corporate....

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Posted Under: CA, CS, CMA |