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GST
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GST Registration Process

GST enrolment process has begun from 16/12/2016 for the Northern Region. (Uttar Pradesh, Jammu and Kashmir, Delhi, Chandigarh, Haryana, Punjab, Uttarakhand, Himachal Pradesh, Rajasthan (Only for VAT registered dealers)) The summarized steps are a) Obtain provisional user id and password from VAT department (The VAT departments of different states in …

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Computer Shortcut Keys

Ctrl + N नई फ़ाइल बनाने के किए Ctrl + Shift + A केपीटलाइज करने के लिए Ctrl + O फाइल खोलने के लिए Alt + Ctrl + M कमेंट देने के लिए Ctrl + W फाइल को बंद करने के लिए Alt + F10 एप्लिकेशन को मिनीमाइज़ करने के …

Quotes

Happy Last Month of Year 2016

जिन्दगी का एक और वर्ष कम हो चला, कुछ पुरानी यादें पीछे छोड़ चला.. कुछ ख्वाहिशें दिल मे रह जाती हैं.. कुछ बिन मांगे मिल जाती हैं .. कुछ छोड़ कर चले गये.. कुछ नये जुड़ेंगे इस सफर मे .. कुछ मुझसे बहुत खफा हैं.. कुछ मुझसे बहुत खुश हैं.. …

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CMA Lucknow Chapter Seminar NIRC

Respected Member, ​The Institute of Cost Accountants of India – Lucknow Chapter is organizing a ​​Annual Family get together with its members at ​​Dream Valley Resort, Indira Dam, Gomti Nagar, Lucknow on 25th December, 2016, Sunday, 10:30 AM Onward ​​ ​A line of confirmation for joining us will be appreciated …

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CMA NIRC Chairman’s Message

My Dear Elite CMA Member Namaskar & Greetings from TEAM NIRC “Life is like riding a bicycle. To keep your balance, you must keep moving.”― Albert Einstein “In three words I can sum up everything I’ve learned about life: it goes on.”― Robert Frost Welcome back friends. It is all true. Life …

Interview Questions

Commonly asked CMA Interview Questions

What is it about this role/the company that motivated you to apply for this position? Describe a situation where you facilitated a project that spanned across several departments/countries or functions. What challenges did you face and how did you overcome them? Give me an example of an occasion when you …

Interview Questions

How to handle difficult questions

You may be over-qualified for the position we have to offer. Strong companies need strong people. A growing, energetic company is rarely unable to use its people talents. Emphasise your interest in a long-term association, pointing out that the employer will get a faster return on investment because you have more experience …

Interview Questions

What is a deferred tax liability and why might one be created?

Deferred tax liability is a tax expense amount reported on a company’s income statement that is not actually paid to the IRS in that time period, but is expected to be paid in the future. It arises because when a company actually pays less in taxes to the IRS than they show …

Interview Questions

What is a deferred tax asset and why might one be created?

Deferred tax asset arises when a company actually pays more in taxes to the IRS than they show as an expense on their income statement in a reporting period. Differences in revenue recognition, expense recognition (such as warranty expense), and net operating losses (NOLs) can create deferred tax assets.

Interview Questions

Interview Questions for CMA

General Questions What experience do you have in Finance/Accounting field? What made you choose to apply for this Finance job? What are your top 3 skills that you feel you can bring and help you in this Finance/Accounting job? Can you describe a recent situation in which you accomplished an important …

GST
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GST Registration with Screen Shots (in Video format)

GST registration has started in different parts of India. So I have prepared video of about 3 minutes to explain the process in easy way. The screen shots are taken from GST portal so that one can easily understand the process. Watch the video at following link and give feedback. …

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CMA WIRC CEP Seminar

Please join us for a seminar on *Opportunities for CMA’s – Insolvency and Bankruptcy Code* on Friday, 23rd December 16 at 2.00 pm at WIRC office. Chief Guest: Dr M. S. Sahoo, Chairperson of Insolvency & Bankruptcy Board of India with our President & Vice President ICAI will be attending. Fess : …

News Updates

GST REGISTRATION for JHARKHAND

GST REGISTRATION for JHARKHAND For Assessees in Jharkhand Registered under the State VAT Due date for registration has been extended up to 22/12/2016 Before enrolling with the GST Common Portal, you must ensure to have the following information: • Provisional ID received from State/ Central Authorities • Password received from …

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BEAUTIFUL LIFE TIPS

BEAUTIFUL LIFE TIPS 1. Everyone has two Eyes. But no one has the same view. 2. The most important quality of successful people is their willingness to change. 3. Human beings are very strange. They have ego of their knowledge but, they don’t have knowledge of their ego. 4. People …

Article
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PUBLIC PROVIDENT FUND (PPF) SCHEME

PUBLIC PROVIDENT FUND (PPF) SCHEME 1968 Public Provident Fund (Amendment) Scheme, 2014 The Scheme introduced by the National Savings Organization in 1968 to mobilize small savings. The Scheme offers an investment avenue with decent returns coupled with income tax benefits. Salient features of the Scheme are as follows: 1. ELIGIBILTY …

Member Assam

Tonmoy Nandi

Tanmoy Nandi Resume : upcoming…. Father : Bhajan Nandi City : NAGAON, Assam Level : ……. DOB. : 05 Dec Gender : Male Email : tonmoydanti@gmail.com Sport : ……… Language : English and Hindi.

Member Assam

Chinmoy Goswami

Chinmoy Goswami Resume : upcoming…. Father : Bharat Goswami City : NAGAON, Assam Level : ……. DOB. : 19 Jul Gender : Male Email : chinmoygsw@gmail.com Sport : ……… Language : English and Hindi.

Member Assam

Madhurjya Borah

Madhurjya Borah Resume : upcoming…. Father : Lt. Hemanta Borah City : NAGAON, Assam Level : ……. DOB. : 22 Sep Gender : Male Email : madhuyjyabora11@gmail.com Sport : ……… Language : English and Hindi.

Member Assam

Abhinav Bora

Abhinav Bora Resume : upcoming…. Father : Jayanta Bora City : NAGAON, Assam Level : ……. DOB. : 08 Jun Gender : Male Email : abhinavbn7@gmail.com Sport : ……… Language : English and Hindi.

Member Assam

Lakhyajit Baruah

Lakhyajit Baruah Resume : upcoming…. Father : Prema Baruah City : NAGAON, Assam Level : ……. DOB. : 20 Jul Gender : Male Email : lakhyajitbaruah8039@gmail.com Sport : ……… Language : English and Hindi.

Member Assam

Sahil Seikh

Sahil Seikh Resume : upcoming…. Father : Lt. Aminul Seikh City : NAGAON, Assam Level : ……. DOB. : 08 Oct Gender : Male Email : sahilseikh2@gmail.com Sport : ……… Language : English and Hindi.

Member Assam

Debajit Ghosh

Debajit Ghosh Resume : upcoming…. Father : Bharat Ghosh City : NAGAON, Assam Level : ……. DOB. : 08 Feb Gender : Male Email : debajitghosh159@gmail.com Sport : ……… Language : English and Hindi.

News Updates

SAP India CEO Ranjan Das Dies After Gym Workout

Ranjan Das, CEO and MD of SAP-Indian subcontinent died after a massive cardiac arrest in Mumbai recently. One of the youngest CEOs, he was only 42. What killed Ranjan Das? He was very active in sports, was a fitness freak and a marathon runner. After his workout, he collapsed with …

Direct Tax
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Analysis of Advance Tax

ONGC advance tax of Rs 2924 crore for Oct-Dec versus Rs 2742 crore last year.?? Siemens advance tax of Rs 70 crore for Oct-Dec versus Rs 120 crore last year.?? GlaxoPharma advance tax of Rs 80 crore for Oct-Dec versus Rs 90 crore last year.?? TCSadvance tax of Rs 550 …

Article

BENEFITS OF WARM WATER

BENEFITS OF WARM WATER ??? A group of Japanese Doctors confirmed that warm water is ? % effective in resolving some health problems?, including: Headache, migraine, high blood pressure, low blood pressure, pain of joints, sudden increasing and decreasing of heartbeat, Epilepsy, increasing level of cholesterol, cough, bodily discomfort, golu …

Article

CMA in Practice

Fields for Practice The Fields for Practising Cost Accountants are divided into two parts: a) Audit areas and b) Certification and Consultancy areas. These areas are further bifurcated under Central and State Governments. Summarized position in respect of Fields for Practicing Cost Accountants is as follows: a) Audit areas:  Cost Audit …

Counseling

MOU between CMA Madurai chapter SIRC and Thiyagarajar arts college

MOU between Madurai chapter and Thiyagarajar arts college Madurai Chief Guest is CMA DR I ASHOK, CAT CHAIRMAN Followed by career counseling more than 300 students participated

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BALANCE SHEET Of LIFE

*BALANCE SHEET Of LIFE* Birth is your *Opening Stock.* What comes to you is *Credit.* What goes from you is *Debit.* Death is your *Closing Stock.* Your ideas are your *Assets.* Your bad habits are your *Liabilities.* Your happiness is your *Profit.* Your sorrow is your *Loss.* Your soul is …

News Updates

16th December 2016 News

Economic Times   Ø  FinMin asks RBI to double-check old notes deposit data Ø  US jobless claims fall for second straight week Ø  Baxter to acquire Claris Injectables for Rs 4,237 cr Ø  RBI imposes restrictions on withdrawal from certain bank accounts Ø  Venture capital firms eyeing secondary stake sales …

Company Law

FORMATION OF SECTION 8 COMPANY

PROCEDURE FOR FORMATION OF SECTION 8 COMPANY A Non-profit organisation can be registered as a Company under Section 8 of the Companies Act, 2013 corresponding to section 25 of the Companies Act, 1956. It can also be registered as Trust or a Society. Section 8 company can be incorporated for promotion …

Article

F=-F

Third law of motion theory i.e F=-F is not only related to physics. its application is too broad. when we deeply study human behavior and reaction of our mind in different situations any of us can conclude the same as the theory of F=-F. The most important part of our …

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CMA Lucknow Chapter Seminar, NIRC

Respected Member, We are pleased to inform you that The Institute of Cost Accountants of India, Lucknow Chapter is organizing a Workshop on “Goods & Service Tax” (4 CEP Hrs) from 10:00 AM to 04:30 PM on 18th December, 2016- Sunday at CMA Bhawan, Lucknow. Key Note Speaker: CMA Anil …

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CMA NOIDA Chapter, NIRC Seminar – Impact of demonetisation on Indian Economy

Dear Member, A month into India’s demonetization initiative and long lines of people looking to exchange notes, masses of people continue transitioning towards new ways of paying for basic goods and services. But its important to note that what will be the impact of demonetisation on Indian Economy and to …

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Documents Required for GST Migration

Documents Required for GST Migration (enrolment)*1 Following information/documents should be readily available by existing tax payer to enrol with GST Portal I. Provisional ID received from State/Central Authorities; II. Password received from the State/Central Authorities; III. Valid Email Address; IV. Valid Mobile Number; V. Bank Account Details VI. Copy of …

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Financial Valuation has been modified to include a cost accountant in whole-time practice

December 13, 2016 Dear CMA Colleague, Greetings from the Institute!   The Securities and Exchange Board of India (SEBI) has issued two notifications dated 30th November,2016 to amended Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 and Securities and Exchange Board of India (Infrastructure Investment Trusts), Regulations, 2014 wherein the …

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Happy Last Month of Year

जिन्दगी का एक ओर वर्ष कम हो चला, कुछ पुरानी यादें पीछे छोड़ चला.. कुछ ख्वाईशैं दिल मे रह जाती हैं.. कुछ बिन मांगे मिल जाती हैं .. कुछ छोड़ कर चले गये.. कुछ नये जुड़ेंगे इस सफर मे .. कुछ मुझसे बहुत खफा हैं.. कुछ मुझसे बहुत खुश हैं.. …

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CMA WIRC Pune CEP Seminar on GST

Pune Central CEP Study Circle is pleased to announce its 15th program on  Topic: – Understanding Draft GST Law Date: – 17th December 2016 Time: – 5.00 PM to 8.00 PM Venue: – Brihan Maharashtra College of Commerce, Shivajinagar, Pune 411004 Speaker:- CMA V S Datey    Fees for the Program: – Rs.100/- 

GST

GST – Enrollment process for DVAT dealers

Goods and Service Tax Enrollment process for DVAT dealers to be starting from 16/12/2016 till 31/12/2016 *Documents Required For GST Registration* 1. PAN Card of business entity – proprietor – partnership firm – company 2. Proof of constitution – Partnership deed – Certificate of incorporation. in case of company 3. …

Article

NEW SCHEME PROPOSED FOR DISCLOSURE OF INCOME

NEW SCHEME PROPOSED FOR DISCLOSURE OF INCOME ‘Pradhan Mantri Garib Kalyan Yojana, 2016’ (PMGKY) has been proposed for declaration of undisclosed income. Option I : Any Person declaring undisclosed income has to: I. PAY TAX: Income tax – 30% Penalty – 10% Pradhan Mantri Garib Kalyan Cess – (33% on …

Article
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Insolvency and Bankruptcy Board of India

Date: 5th December 2016 Insolvency and Bankruptcy Board of India (IBBI) publishes the syllabus, format and frequency of the “Limited Insolvency Examination”. The examination will be available from 31st December, 2016 between 9:30 AM and 5:30 PM. Registration opens from 15th December 2016. The detail is given below and at …

News Updates

Provisions of Companies Act, 2013

Commencement of few other sections, sub-sections or provisions of Companies Act, 2013 MCA, vide Notification dated 07th December, 2016, has notified certain more sections / subsections / provisions of the Companies Act 2013 to be applicable from 15th December, 2016, as under: 1. Clause (23) of section 2 – Definition …

GST

Revised Draft GST Law and GST Compensation Law

The Central Government has released Revised Draft GST Law along with Draft GST Compensation Law. The same has been put in public domain which can be accessed at following links: Revised Draft Model GST Law Read at: http://www.cbec.gov.in/resources//htdocs-cbec/gst/draft-model-gst-law-25-11-2016.pdf Draft IGST Law Read at: http://www.cbec.gov.in/resources//htdocs-cbec/gst/draft-igst-law-25-11-2016.pdf Draft GST Compensation Law Read at: …

Registered Members