Category Archives: News

MCA to Amend Cost Audit Report for reporting GST Reconciliation

By | August 7, 2018

MCA to Amend Cost Audit Report for reporting GST Reconciliation The Ministry of Corporate Affairs has proposed amendment to the Companies (Cost Records and Audit) Rules, 2014 to bring a new reporting requirement of Statement of Reconciliation of GST in the Cost Audit Report. Download Draft  Companies (cost records and audit) Amendment Rules, 2018. Click… Read More »

Income Tax on Arrear of Salary with [Video Lecture]

By | August 6, 2018

Income Tax on Arrear of Salary Are arrears of salary taxable?​​​​ Yes . Refer Section 15(c) of Income Tax Act 1961 Video Explanation by CA Satbir Singh in Hindi Illustration on tax treatment of arrears of salary On 1 st January, 2018, Mr. Rajesh received arrears of salary of Rs. 2,52,000 pertaining to the years 2011-12… Read More »

When Bank will not Accept Cash for making Demand Draft / Transfer of Funds?

By | August 5, 2018

When Bank will not Accept Cash for making Demand Draft / Transfer of Funds? Video Explanation by CA Satbir Singh in Hindi Reserve Bank of India (RBI) Directions to Banks   Issue and Payment of Demand Drafts, etc., Any remittance of funds by way of demand draft, mail/telegraphic transfer/NEFT/IMPS or any other mode and issue of… Read More »