Income Tax

Taxability of off shore investment through Alternate Investment Fund

Vivek RaM
Alternative Investment Fund: An alternative investment is a financial asset that does not fall into one of the conventional investment categories. Conventional categories include stocks,...

Procedure for Registration of a Partnership Firm

Vivek RaM
The law relating to a partnership firm is contained in the Indian Partnership Act, 1932. Under Section 58 of the Act, a firm may be registered...

Nationalized Banks and Public Sector Banks

Vivek RaM
Public Sector Banks (PSBs) If the government holds majority stake, i.e,. more than 50 % stake of an enterprise, then it is known as Public Sector...
CA CS CWA Latest News

ICAI issues Mandatory KYC Norms Applicable from1st January 2017

Vivek RaM
ANNOUNCEMENT OF KYC NORMS All the members of Institute of Chartered Accountants of India (ICAI), who are in practice, are hereby informed that the Council...
Income Tax Latest News

200 % Penalty Cannot Be Imposed if Tax is paid on Unaccounted Cash

Vivek RaM
Hon’ble Prime Minister, Sh. Narendra Modi on November 8, 2016 made one of his boldest move by launching an aggressive assault on black money through...

Rajya Sabha passes historic GST Constitution Bill

Vivek RaM
The Rajya Sabha has unanimously passed the ambitious GST Bill as amended with over 2/3 majority. The motion for the constitutional amendment for the GST...

SAP FI – Submodules

Vivek RaM
SAP FI has a collection of submodules, as depicted in the following screenshot − Finance Accounting – General Ledger A General Ledger contains all the...