Month: May 2017

Auditing Standard

Auditing Standard

go to site SA 300* PLANNING AN AUDIT OF FINANCIAL STATEMENTS (Effective for audits of financial statements for periods beginning on or after April 1, 2008) Contents Paragraph(s) Introduction Scope of this SA …………………………………………………………………………… 1 Effective Date ……………………………………………………………………………. 2 Objective …………………………………………………………………………… 3 Requirements Involvement of Key Engagement Team […]

Indirect Taxes

Indirect Taxes

http://rnrorganisation.co.uk/blogs/category/women-2/ MODEL GST LAW Empowered Committee of State Finance Ministers June, 2016 Page 1 of 190 GOODS AND SERVICES TAX ACT, 2016 CHAPTER – I PRELIMINARY 1. Short title, extent and commencement 2. Definitions 3. Meaning and scope of supply CHAPTER– II ADMINISTRATION 4. Classes of […]

Pick of the day

Pick of the day

Bajaj Auto.

Companies Act

Companies Act

Companies 1.1 One-person company: The 2013 Act introduces a new type of entity to the existing list i.e. apart from forming a public or private limited company, the 2013 Act enables the formation of a new entity a ‘one-person company’ (OPC). An OPC means a […]

Indian Accounting Standards

Indian Accounting Standards

First-time Adoption of Indian Accounting Standards Indian Accounting Standard (Ind AS) 101 First-time Adoption of Indian Accounting Standards Contents Paragraphs OBJECTIVE 1 SCOPE 2–5 RECOGNITION AND MEASUREMENT 6–19 Opening Ind-AS Balance Sheet 6 Accounting policies 7–12 Exceptions to the retrospective application of other Ind-ASs 13–17 […]

Direct Tax

Direct Tax

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
CENTRAL BOARD OF DIRECT TAXES
DEDUCTION OF TAX AT SOURCEINCOME-
TAX DEDUCTION FROM SALARIES
UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961
DURING THE FINANCIAL YEAR 2016-17
CIRCULAR NO. 01/2017
NEW DELHI, the 2nd January, 2017
INDEX
Para
No.
Page No.
1 GENERAL 1
2 RATES OF INCOME-TAX AS PER FINANCE ACT, 2013 1
2.1 Rates of tax 1
2.2 Surcharge on Income tax 2
2.3.1 Education Cess on Income tax 2
2.3.2 Secondary and Higher Education Cess on Income-tax 2
3 BROAD SCHEME OF TAX DEDUCTION AT SOURCE FROM
“SALARIES”.

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Why TilakWiz

Why TilakWiz

Well we all Chartered Accountants are the veins and nerves of Finance world. Never-the-less, it is us who endeavor to create the world of Finance more interesting and competitive. 70% of our CA population seems to be exploiting the Job arena wherein they seems to have […]