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Income Tax Scrutiny Criteria for Assessment Year 2016-17

August 31, 2015 30322 Views 0 comment Print

Compulsory manual selection of cases for scrutiny during the Financial Year 2015-2016- (a) Cases involving addition in an earlier assessment year in excess of Rs. 10 lakhs on a substantial and recurring question of law or fact which is either confirmed in appeal or is pending before an appellate authority. Instruction No. 08/2015

CA- A Dream for MANY but a Reality for FEW

August 28, 2015 10027 Views 0 comment Print

Ever dreamt of being in the world’s most elite profession? Yes I too did that. Realising your dreams not only needs the wish to achieve them but rather more the efforts & the will you put in to make it yours. We all have highs aims & ambitions in life. We have many hopes attached to our bright future.

CA in Practice Vs. CA in Service

August 28, 2015 140787 Views 12 comments Print

The passing out with flying colors from the institute of Chartered Accountants of India in finals provides us two directions to explore , either to opt for a job in the corporate world and to start a public practice. It’s important to understand that this is a very important period of transition. Whether you are […]

Service tax on free Pick-up/Home delivery of food, being ‘Sale’ in nature?

August 26, 2015 60671 Views 15 comments Print

The Government vide Entry No. 19 of the Mega Exemption Notification No. 25/2012-ST dated June 20, 2012 granted exemption from payment of Service tax to Restaurants, eating joint or a mess providing service in relation to food or beverages, other than those having:

Issue of Share at Premium- Modus Operandi of Conversion of Black Money into White

August 11, 2015 6636 Views 0 comment Print

In these cases there are 18 different assessees who filed appeal before ITAT aggrieved from the order u/s 263 passed by CITs. In original proceedings AO passed orders with nominal additions after investigation by way of summoning various subscribers to share capital of assessee companies.

13 Reasons why CA students are facing failure in exam?

August 7, 2015 117050 Views 26 comments Print

Here is the 13 (Thirteen) Interesting Reasons for being failure in exam with RemediesI would strongly suggest you all to stick to the basics of study to avoid further failure and ensure success. For me some basics of study are as follows:

Ready to use format of “Director's Report” for Private Limited Company

August 6, 2015 187194 Views 1 comment Print

Download Ready to use format of Director’s Report for Private Limited Company (Compiled by CA Santosh Mishra who is  is a Practicing CA at Patna base Firm, He may be reached at casantoshmishras@gmail.com or Mobile: 9570558536)

Preparation Strategy for CA Final Audit. .!!

August 5, 2015 131333 Views 9 comments Print

I would like to throw light on preparation of very simple paper of CA Final i.e. Advanced Auditing and Professional Ethics. I have heard from many students that this is most complicated subject next to ISCA. Unfortunately , This is just a Myth. “Soch Badlo Exam ka result badlo. But frankly speaking, it isn’t. Just like every other subject, even audit can be handled. And it can be handled very well if you follow the right preparation strategy.

CARO 2015 Reporting and Format

August 3, 2015 97134 Views 0 comment Print

Reporting Under CARO, 2015- The Ministry of Corporate Affairs, on 10th April, 2015, notified the Companies (Auditor’s Report) Order, 2015 (CARO, 2015).

Preparation Strategy for CA Final Strategic Financial Management i.e. SFM. .!!

July 31, 2015 146449 Views 13 comments Print

Hello Friends, first of all, thanks a lot for giving such a favorable response to article on ‘Preparation Strategy for CA Final Financial Reporting. .!!’ Now in the same manner I would like to throw light on preparation of very interesting subject of CA Final i.e. Strategic Financial Management.

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