Pranav Mukharjee has presented the budget today and mentioned that DTC will not be in effect this year but put the leg forward towards Tax slabs aligning to DTC. Please find below the new INCOME TAX SLAB for year 2012. This definitely a relief to salaried person to an extent. Upto 2,00,000 – No Tax [...]
Continue reading → You can check your PF balance online now on EPFO website. Follow this link : http://www.epfindia.com/MembBal.html Old PF member’s had the different zone name’s /format or office code/ establishment codes. To know the new office code / establishment codes visit following link. http://epfindia.com/estt.asp
Continue reading → Manganese Ore India Ltd. – MOIL – IPO was oversubscribed more than 33 times in the retail investors segments, They had allotted shares to its investors on December 11. So the disadvantage of increasing investment limits in IPO, has begun , small investors will not get anything. We have applied for 85 shares on higher [...]
Continue reading → Recently I come across a stock report showing the details of some of the stock’s which had grown 500% to 5000% over 5 to 10 years horizon. On cross checking the data, it’s true. For ex. An Infosys stock of rupees 100 is now of 2500+ (With loads of splits and bonus shares). So it’s [...]
Continue reading → “Finance is a blood of business” human body cannot survive without blood, business also cannot survive without finance. In the absence of finance it is impossible to run a business. A business unit needs a sufficient amount of finance to run the business smoothly. Due to insufficient finance a business has to suffer. A business [...]
Continue reading → - to encourage and result in a better-administered system; to eliminate avenues of tax evasion; – to avoid under valation at all stages of production and distribution; – to clim credit on tax paid on inputs at each stage of value addition; – do away with cascading effect resulting in non distortion of the business [...]
Continue reading → The vale added tax(vat) is based on the value addition to the goode and the related vat liability of the dealer is calculated by deducting input tax credit from tax collected on sale during the payment period(say,a month). The white paper specified that registration under the vate act is not compulsory for the small dealers [...]
Continue reading → REGISTRATION Section 69 of the finance act, read with rule 4 of the service tax rules make provisions relating to registration. It is mandatory for every person liable to pay service tax to get registered with cuperindent of central excise. A person providing a taxable service is liable to pay service tax in terms of [...]
Continue reading → In the year 1994, when sevice tax was first introduced, it was levied on the uniform basis at the rate of 5% of the value of taxable services. The rate went upto 8% subsequently vide finance act,2003 w.e.f may 14,2003. w.e.f.10.9.2004, the rate of service tax was raised to 10% on the value of the [...]
Continue reading → The problem of financial constraints seems to extend beyond the problem of appropriability or innovation. This third study tries to find the factors beyond the firm’s purviewthat may affect firm’s financial choices. It extends the study of capital structure of firms to accommodate regional financial characteristics that are generally discussed in the banking literature. Until [...]
Continue reading → The process of recording voucher details of a transaction in a Journal is called Journalizing and the record thus created is called a journal entry. Transactions are recorded in the Journal according to the type of accounts involved. For example, a journal entry can be made for a cash sale in the Cash Receipts Journal [...]
Continue reading → Consider the scenario, Larry Williams has identified the accounts that are to be either debited or credited. He needs to record this information in the books of accounts by creating journal entries. In practice, the books of accounts include the Subsidiary books or the Books of Original Entry i.e Purchase Book, Sales Book and the [...]
Continue reading → Consider the scenario, Larry Williams, the accountant, has identified the accounts involved in different transactions. He needs to apply the golden rules of accounting to identify, which account is debited and which account is credited. There are three golden rules or guidelines to be followed while recording a transaction. Each rule applies to a single [...]
Continue reading → All monetary transactions that occur while running a business must have accurate, accessible and periodically updated records. Monetary transactions include the payment of a supplier’s invoice, payment to an employee and receipt of payment from a customer. For easy transaction recording, it is advisable to use a company’s chart of accounts. This chart provides codes [...]
Continue reading → Forex trading can take a person from rags to riches. Money management is not possible without following a proper discipline. Not people give faith to in having sound understanding of the forex logic and as a result they step down in the market with no confidence and discipline. Why engage in a about Forex Discipline? [...]
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