What is section 149(3) Every company shall have at least one director who stays in India for a total period of not less than one hundred and eighty-two days during…
Pivot Tables Shortcuts Create pivot table Alt + N, V Select entire pivot table Ctrl + A Group pivot table items Alt + Shift + → Ungroup pivot table items…
Number Formatting Particulars …
Insert new worksheet Shift + F11 Go to next worksheet Ctrl + Pg Dn Go to previous worksheet Ctrl + Pg Up Print Ctrl + P Create new workbook Ctrl…
"Nidhi" means a company which has been incorporated as a Nidhi (a)with the object of cultivating the habit of thrift and savings amongst its members, (b) receiving deposits from, and…
This Content/P.D.F is prepared by Prerana Tata who is CA Final student and aims to enhance knowledge and specifically for exam-oriented and not replaces any professional advice.
This Content/P.D.F is prepared by Prerana Tata who is CA Final student and aims to enhance knowledge and specifically for exam-oriented and not replaces any professional advice.
This Content/P.D.F is prepared by Prerana Tata who is CA Final student and aims to enhance knowledge and specifically for exam-oriented and not replaces any professional advice.
This Content/P.D.F is prepared by Prerana Tata who is CA Final student and aims to enhance knowledge and specifically for exam-oriented and not replaces any professional advice.
his is covered under the division of 90 and has one grouping (refer below) Division 90 …
This is covered under the division of 99 and has one grouping of 990 and has one code 9900 Division 99 Activities of…
Whosoever directly or indirectly attempts to indulge or knowingly assist or knowingly is a party or is actually involved in any process or activity connected with the proceeds of crime…
In this Video, all the Concepts of Ind AS 2 is discussed in a Detailed way specifically for CA Final Examination by CA Kartik Jindal (AIR-9 CA Final) in November…
In this Video, all the Concepts of Ind AS 12 is discussed in Detailed Way by CA Kartik Jindal (AIR-9 CA Final) in November 2019. https://www.youtube.com/watch?v=5cqe9NumZcI
This Content/P.D.F is prepared by Prerana Tata who is CA Final student and aims to enhance knowledge and specifically for exam-oriented and not replaces any professional advice.
On consideration of genuine difficulties being faced by the taxpayers due to the outbreak of the COVID-19 pandemic, the Central Board of Direct Taxes (CBDT), in the exercise of powers…
This Content/P.D.F is prepared by Prerana Tata who is CA Final student and aims to enhance knowledge and specifically for exam-oriented and not replaces any professional advice.
This Content/P.D.F is prepared by Prerana Tata who is CA Final student and aims to enhance knowledge and specifically for exam-oriented and not replaces any professional advice.
This Content/P.D.F is prepared by Prerana Tata who is CA Final student and aims to enhance knowledge and specifically for exam-oriented and not replaces any professional advice.
This Question Bank for CA Final Financial Reporting (New) November 2020 compiled By CA Kartik Jindal (AIR-9 CA Final) in November 2019.
Penalty for late filling of GSTR 9 As per Section Section, 47(2) provides that where any registered person fails to furnish an annual return by the due date total late…
ITR due date for A.Y 19-20 (i.e. F.Y 18-19) is extended from 31st July 2020 to 30th September 2020. See the Notification below
This class excludes: - production of fishmeal for animal feed, see 1020 - production of oilseed cake, see 1040 - activities resulting in by-products usable as animal feed without special…
This class includes manufacture of ready-made (i.e. prepared, seasoned, and cooked) meals and dishes, in frozen or canned form. These dishes are usually packaged and labeled for resale, i.e. this…
Manufacture of macaroni, noodles, couscous and similar farinaceous products This class includes manufacture of pastas such as macaroni and noodles, whether or not cooked or stuffed, manufacture of couscous, manufacture…
This class excludes: - manufacture of sucrose sugar, see 1072 This is covered under the division of 107 and grouping of 1073 and has several codes (refer below) 10731 …
Manufacture of sugar This class excludes: - manufacture of glucose, glucose syrup, maltose, see 1062 This is covered under the division of 107 and grouping of 1072 and has several…
NIC Code of Manufacture of bakery products This class excludes: - manufacture of farinaceous products (pastas), see 1074 - manufacture of potato snacks, see 1030 - heating up of bakery…
Manufacture of grain mill products This class excludes: - manufacture of potato flour and meal, see 1030 - wet corn milling, see 1062 10611 …
Manufacture of dairy products This class excludes: - production of raw milk (cattle), see 0141 - production of raw milk (camels, etc.), see 0143 - production of raw milk (sheep,…
Manufacture of vegetable and animal oils and fats This class excludes: - rendering and refining of lard and other edible animal fats, see 1010 - wet corn milling, see 1062…
Processing and preserving of fruit and vegetables This class excludes: - manufacture of flour or meal of dried leguminous vegetables, see 1061 - preservation of fruit and nuts in sugar,…
Processing and preserving of fish, crustaceans and molluscs and products thereof This class excludes: - processing of whales on land or specialized vessels, see 1010 - production of oils and…
NIC Code of Processing and preserving of meat This class includes non-edible by-products This class excludes: (I) Manufacture of prepared frozen meat and poultry dishes, see 1075 (II) Manufacture of…
NIC Code of Mining of iron ores This class includes mining of ores valued chiefly for iron content, beneficiation and agglomeration of iron ores This class excludes: - extraction and…
Other reservation service and related activities This class includes the activities of marketing and promoting of services for visitors by providing information and assistance to organizations to locate accommodation, convention…
NIC Code of Tour operator activities This class includes the activities of arranging and assembling tours that are sold through travel agencies or directly by tour operators. This class also…
Travel agency activities This class includes the activities of agencies, primarily engaged in selling travel, tour, transportation and accommodation services to the general and commercial clients. This is covered under…
Veterinary activities These activities include the provision of animal health care and control activities for farm animals or pet animals. These activities are carried out by qualified veterinarians in veterinary…
Market research and public opinion polling This class includes an investigation into market potential, acceptance and familiarity of products and buying habits of consumers for the purpose of sales promotion…
This class includes the provision of a full range of advertising services (i.e. through in-house capabilities or subcontracting), including advice, creative services, production of advertising material, media planning, and…
This is covered in the Division of 74 and group7490 Other professional, scientific, and technical activities n.e.c. 74901 …
Specialized design activities This class excludes: architectural and engineering design, see 7110 74101 Fashion design…
Photographic activities covered under division 74 and group 742 : This class excludes: - processing motion picture film related to the motion picture and television industries, see 5911 - cartographic…
Documents Required For GST Registration for sole proprietorship Proprietor Pan Card Proprietor Email ID and Mobile Number. Proprietor Aadhaar Card Proprietor Photo Business address with proof in case of ownership…
This is covered in Division 12 then further in 1200 series Refer Below Manufacture of tobacco products This class excludes: growing or preliminary processing of tobacco, see 0115, 0163 12001 …
This is under 11 then 1104 Manufacture of soft drinks; production of mineral waters and other bottled waters This class excludes: - production of fruit and vegetable juice, see 1030…
Nic code of Beverage crops Growing of beverage crops 01271 Growing of tea 01272 …
Circular dated 13 July 2020, provides One-time measure for resolving the grievances of the taxpayers associated with non-filing of ITR-V for earlier Assessment Years and to regularize such returns which…
Some people think why to file ITR with low income/ income not exceeding the specific limit, here are some cool 8 advantages to file the return without exceeding the income:…
GST taxpayers with NIL outward supplies would not be required to log on to the GST Portal and would be able to file their NIL statement in FORM GSTR-1 and…
Effective from 1st July 2020 An enterprise shall be classified as a micro, small or medium enterprise on the basis of the following criteria, namely:-- (i) a micro enterprise, where…
Effective from 1st July 2020, there is a new criteria (ie. turnover) to be ascertained before applying for MSME registration under Micro, small and medium enterprises. (1) Exports of goods…
Effective from 1 st July 2020, (1) All existing enterprises registered under EM–Part-II or UAM shall register again on the Udyam Registration portal on or after the 1 st day…
Effective from 1st July 2020, there is a change in investment in plant and machinery concepts so aware while taking MSME registration under the MSME Act. The below factors should…
SEBI, vide circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/38 dated March 19, 2020 and circular No. SEBI/HO/DDHS/ON/P/2020/41 dated March 23, 2020, had extended the timeline for submission of financial results under regulations 33 and…
1. Measures for Trade facilitation: Reduction in Late Fee for past Returns: As a measure to clean up pendency in return filing, a late fee for non-furnishing FORM GSTR-3B for…
There is a change in Turnover criteria for Medium enterprises. It is increased from 100 crores to 250 crores (old definition) (i) a micro-enterprise, where the investment in Plant and…
Face coverings: Wearing of face cover is compulsory in public places; in workplaces, and during transport. Social distancing: Individuals must maintain a minimum distance of 6 feet (2 gaz ki…
Lockdown ends in outside containment zones except some activities allowed in Phased manner, Let's check phase Phase I The following activities will be allowed with effect from 8 June, 2020:…
Lockdown extended in the Containment Zones till 30 June, 2020. Containment Zones will be demarcated by the District authorities after taking into consideration the guidelines of MoHFW. In the Containment…
In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendment to…
Direct investment outside India means investments, either under the Automatic Route or the Approval Route, by way of contribution to the capital or subscription to the Memorandum of a foreign…
Is B2B business required to provide facilities for accepting payments through electronic modes section 269SU of the Income-tax Act, 1961 -Refer full article To encourage digital transactions and move towards…
Under Pradhan Mantri Garib Kalyan Package ( payment of 12% of employer and 12% employee contributions was made into EPF accounts of eligible establishments This was provided earlier for salary…
Announced special refinance facilities to NABARD, SIDBI and the NHB for a total amount of 50,000 crores at the policy repo rate Announced the opening of a special liquidity facility…
Announcement Definition of MSMEs will be revised There is a change in Investment limit Additional criteria of turnover is introduced Distinction between manufacturing and service sector to be eliminated Refer…
Indian MSMEs and other companies have often faced unfair competition from foreign companies. Therefore, Global tenders will be disallowed in Government procurement tenders up to Rs 200 crores Necessary amendments…
In order to provide more funds at the disposal of the taxpayers, the rates of Tax Deduction at Source(TDS) for non-salaried specified payments made to residents and rates of Tax…
section 161(1) of the companies act 2013- Appointment of additional director The Article of a company may confer on its boards of director power to appoint any person as an…
Section 6 of the Income-tax Act, 1961 (the Act) contains provisions relating to the determination of the residency of a person. The status of an individual, as to whether he…
In exercise of the powers conferred by sub-section (1) of section 44 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to…
In exercise of the powers conferred by section 168A of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said…
In view of the COVID-19 pandemic, the Icai rescheduled and the said examinations shall now be held from 29th July 2020 to 16th August 2020 Refer Schedule for exam
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Notification issued by Income tax department for clarification of doubts under Vivad Se Vishwas Scheme.
Section 44AB of the Income-tax Act, 1961 ('the Act') read with rule 6G of the Income-tax Rules, 1962 ('the Rules') requires specified persons to furnish the Tax Audit Report along…
Mca extended the period for name reserve and various resubmission of forms, Refer notification
After receiving Several representations from stakeholders with regard to difficulty in holding annual general meetings (AGMs) for companies whose financial year ended on 31st December 2019 due to COVID-1 9.…
Considering the unprecedented situation created by COVID-19 and lockdown announced by the Central Government from 24.03.2020 midnight onwards to prevent the spread of Covid-19. Authority has decided to allow a…
Detailed Analysis of Section 162 of Companies Act 2013 ( Appointment of directors to be voted individually) to understand the section with updated notification till date in a better way…
Detailed Analysis of Section 167 of Companies Act 2013 Vacation of office of a director to understand the section in a better way Section 167(1) of Companies Act 2013 The…
Refer Mca notification relating to covid-19 Frequently Asked Questions (FAQs) on Corporate Social Responsibility(CSR).
Detailed Analysis of Section 164 of Companies Act 2013 – Disqualification for the appointment of a director in order to understand the section in a better way As per…
Detailed Analysis of Section 164 of Companies Act 2013 – Disqualification for the appointment of a director in order to understand the section in a better way As per Section…
section 164(2) of companies act 2013 Detailed Analysis of section 164(2) of companies act 2013- Disqualification by reason of a default made by a company A person who is or…
otherwise means any offence in respect of which a person is convicted by a court under the companies act 2013 or company act 1956 { as per rule 2(1)K of…
Analysis of section 160 of companies act 2013 in a detailed way to understand the concept and rules in an easy way As per section 160 of companies act 2013…
Definition of Business A Business Consists of inputs and processes applied to the input to those inputs that have the ability to create output. Three Elements Inputs: Any economic resources…
DIN holders of DINs marked as ‘Deactivated’ due to non-filing of DIR-3KYC/DIR-3 KYC-Web and those Companies whose compliance status has been marked as “ACTIVE non-compliant” due to non-filing of Active…
S.B.P are made to employees Without vesting condition In such case, entity should recognise employee benefit expenses immediately on the grant date at the fair value of shares on grant…
1. Equity Settled- Share Based Payments S.B.P are made to external parties For Goods An entity recognised goods acquired in Share based transaction on the date of goods received. An…
Objective The presentation of E.P.S will help to compare the performance of entity with other entity in the same industry. The presentation of E.P.S will help to compare the performance…
Scope An entity shall apply this Standard in accounting for all share-based payment transactions, whether or not the entity can identify specifically some or all of the goods or services…
Objective The objective of this Standard is to specify the financial reporting by an entity when it undertakes a share-based payment transaction. it requires an entity to reflect in its…