Document Required for PF Registration

Document Required for Provided Fund Registration – Memorandum & Articles of Association/ Trust Deed – [For Companies/ Trust]– Incorporation Certificate – [For Companies]– Partnership Deed – [For Partnership Firm]– Certificate under Bombay Shop & Establishment Act, 1948– 1st Bill or Invoice of Sale or Purchase or Opening Ceremony Card – PAN Card– Premises Ownership Agreement/… Read More »

Company to LLP Conversion Required Documents

   1. FORM1:Attachments:i) Board resolution authorizing for conversion 1. DIN  of Designated  Partners2. Details of DP:• Full Name• E-mail id• 2. Details of DP: Mobile No.• Date of birth 3. DSC of DP4. Proposed name of LLP5. Object of  proposed LLP 6. Total contribution (will be equal to Paid up Share Capital)7. No. of Company/LLP in… Read More »

Post Incorporation Compliance of Private Limited Company

COMPLIANCES RELATED TO PRO-COMPANY INCORPORATION 1) Once a Company is Incorporated Board Meeting must be conducted within 30 days of Incorporation. 2) The agenda for First Board Meting will be Appointment of First Auditor of the Company ,Opening of Bank Account, appointing an authorised signatory and other matters as Company may consider necessary. 3) Share… Read More »

Nature of Auditing Notes for IPCC Group 2

Nature of Auditing Notes1. As per SA 240, the primary responsibility of detection and prevention of fraud is upon with the charge of governance and management. An auditor conducting an audit is responsible for to check that the financial statement taken as whole are free from material statement, whether caused by fraud or error. 2.… Read More »

Important Indirect Tax Amendments in Finance Bill 2016

1 No Change in Tax Slab for Individual 2 40% of the amount payable from NATIONAL PENSION SCHEME (NPS) at a time of its closure will be exempt from tax & Tax will belevied on balance 60% accumulated balance on NPS.Simillary 60% of accumulated interest of EPF contibuted on & after 01.04.2016 will be taxable… Read More »

CA Student Articleship Work Diary

Category        *  Sub Category   Accounting  Maintaining books of account Preparing Final accounts Compliance  with Accounting Standards and other pronouncements Analysis and interpretation Preparing and Reviewing budgets, fund-flow and cash flow statements Others (to be specified) Audit – Statutory/Internal/Concurrent  Routine audit work Review of General Ledger Scrutiny of provisional entries  Verification and Valuation of… Read More »

CA Final SFM Theroy N.otes for May 2016 Exams

Index1 Indian Capital Market 33 1-172 Derivatives 21 18-293 Portfolio Management 11 30-354 Dividend Decisions 12 36-425 Foreign Exchange & Risk Management 7 43-466 Project Planning 5 47-497 Capital Budgeting 16 50-558 Leasing Decisions 7 56-579 Financial Services 19 58-6410 Bond Valuation 3 6511 Mutual Funds 6 66-6812 Money Market Operations 14 69-7313 Mergers, Acquisitions… Read More »

Analysis of Union Finance Bill 2016

Contents:Page No. – Quick key features of the budget excluding tax proposals 2-3 – Service Tax Proposals 4-8 – Excise and Customs Duty Proposals 9-11 – Direct Tax Proposals 12-44 – Disclaimer and contact details 45 Rating of Union Budget 2016: The author and his team rates this Union Budget as 7.5 out of 10… Read More »

Important Changes in Service Tax Proposed by Budget 2016-27

A. Changes in Finance Act, 19941. Amendments in the Negative List (Section 66D)– Entry No. (l) – covering specified educational services is proposed to be omitted. Consequently, the definition of “approved vocational education course” [Section 65B (11)] is also proposed to be omitted. [To be effective from the date of enactment of Finance Bill, 2016] Entry… Read More »