Author: Mohit Gupta

Investments in stock market do’s and don’t

  What is a stock market? A share market is where shares are either issued or traded in. A stock market is similar to a share market. The key difference is that a stock market helps you trade financial instruments like bonds, mutual funds, derivatives as well as shares of companies. A share market only allows trading of shares. The key factor is the stock exchange – the basic platform that provides the facilities used to trade company stocks and other securities. A stock may be bought or sold only if it is listed on an exchange. Thus, it...

Read More

How To Save Your Taxes By Gifting Or Spending Money For Your Family Members

Well most of us look into alternate ways to save the amount of tax we pay to the government. We search through exemptions and rebates. But have you ever thought your family members can help you in saving taxes. Yes there are certain exemptions in tax rules through which you can gain exemption over the money you spend for them. However there are rules and regulations governing them so make sure you read through it with attention. Pay rent to your parents When you stay with your parents, you can pay rent to them and gain tax exemption under...

Read More

How To Conduct An Effective Forensic Interview

Interviewing is one of the most important steps in forensic investigations. It provides an opportunity to evaluate the suspect’s case thoroughly as well as provides the investigator with a chance to know the hidden facts. Followings are the guidelines for conducting effective interviews in forensic investigations. Who should be present at the Interview? It’s not unimportant who will be present at the interview and it always depends on the type of witness, the victim and the suspect person(s). The best situations are with two interviewers, one at a time, who is involved in the process. How to Begin an...

Read More

Guest Writing Contribution 2016!!!!!

Hello,   Being a well-versed, veteran, techno-savvy & enthusiastic blogger, I would like to express my interest pleasantly to become a part of your eminent platform as a Guest Blogger. Indeed, on this platform, I would share & bring out my ?know how? to contribute informative, inspirational & exclusive blog posts for the end-readers.   Suggested Topics:   1.Keep Your Distance from Cheque Fraud 2.So You Want to Start a Retail Business . . . 3.What is the Canadian Payments Association 4.What You Need to Know About Non-Cash Payments 5.Smartphone, Smart Banking (Contributions of Smartphones in Smart Banking) 6.The...

Read More

What’s Finance and Accounting Outsourcing Service Worth?

Outsourcing has become one high-measured valuable strategy now. Companies benefit through operational excellence and cost savings in their activities. It involves giving a portion of the core work to expert service providers and gradually building a professional relationship between the client and the service provider. What makes finance and accounting (F&A) outsourcing cost effective? Be it domestic or exports , contracting out a portion of the work to an external service provider was the norm in the last decade. Most enterprises maximized their number of functions and cost savings. Thus, outsourcing became a promising deal for industries worldwide. F&A...

Read More

Improve Your Work With Technology Office Tips

Long time spent on the computer or in meetings may lead to the fact that you feel exhausted. It’s always good to help yourself to minimize stress and fatigue on the job.  There are stunning tools that you can use in the workplace to make you more beneficial and eventually spare time during the workday. We will show you a few fast ones that may help you and for with which you will surely enjoy more in your clientele and work with fellow workers. The Cloud The cloud is the absolute most persuasive innovative headway in the course of...

Read More

Accountants: Your Non-Stop Revenue After Tax Season

Ocean waves are breathtaking! The sheer contrast between the peaks and troughs of water is thrilling to watch. Surfers riding the peaks of waves are such a captivating treat to eyes, and to the mind. You triumphed on the peak wave of tax season. Now comes the inevitable trough of that wave. Your earnings sliding down to a long trough after tax season is not something that you look forward to. If you want to surf from peak to peak of waves of income, you need non-stop revenue after the tax season. Here are 3 proven methods that professionals...

Read More

Introduction to Designing Your Website – Free Training

Introduction to  Designing Your Website – Free Training SigmaTrail and its community partner, Learning and Development along with the FAO Blog brings to you a FREE web based training on “Introduction to Designing Your Website“ on 27th Sep 2014 from 4pm – 6 pm (IST). Great for Chartered Accountants, Artists and small / medium businesses http://live.sigmatrail.com/introduction-designing-website-free-training/ Do you wish to build your website, but are not sure what you need to do? Do you wish to know how much to pay for it? What would be a recurring cost? Do you have questions on what platforms to use? Can you...

Read More

Final accounts – an understanding – Key statements

Final accounts – an understanding – Key statements In the Learning & Development group, on the final accounts series, you read about the Balance Sheet and saw a sample format. http://faoblog.com/final-accounts-understanding-key-statements-8/ Now, as you saw in the format I shared in the last post, a Balance Sheet has two sides, the assets and the liabilities. In a T form, the liabilities are shown in the first column set and the assets in the 2nd column set. This column signifies the amounts owed by the business entity. If you remember the basic principles, there was one called “Business Entity”, i.e. the...

Read More

HIGH POTENTIAL EMPLOYEES

Identifying, developing and nurturing HIGH POTENTIAL EMPLOYEES I had written an article for the award winning e-journal of the Learning and Development Group. This appeared in the July – Sep 2014 issue. Download this issue from https://www.facebook.com/download/434846059990458/Ekakshaara-%20Vol-7-%20%28Jul-Sep%202014%20Issue.pdf To retain high-potential employees, the conventional wisdom is deceptively simple: Identify, develop, and nurture them. Many companies attempt to identify high-potential (HIPO) talent early in the employees’ careers and they invest heavily in nurturing this talent. Often succession planning is the name given to it, and it isn’t just about identifying and grooming candidates for a few top roles. It is about...

Read More

Final accounts – an understanding – Key statements

Final accounts – an understanding – Key statements In the Learning & Development group, on the final accounts series, you read about the Balance Sheet in a nutshell. http://faoblog.com/final-accounts-understanding-key-statements-7/ As I had mentioned, the Balance Sheet comprises of, Equity, Liabilities mainly and the Assets. The credit Balances for the Balance Sheet normally classify in the Equity & Liability segments,  commonly known as “Liabilities”or “Sources of Funds” and the Debit balances sum up in the side called “Assets”. A very simple equation summarizes the owner’s business stake: Assets – External Liabilities = Owner’s standing This is how the Balance Sheet looks...

Read More

Final accounts – an understanding – Key statements

Final accounts – an understanding – Key statements In the Learning & Development group, on the final accounts series, I had explained  distinction between two forms of statements of accounts, i.e. income & expenditure account and the receipt & payment account. Also, in our last upload, I had explained managerial vs. financial accounting. I am sharing the URLs below. http://faoblog.com/final-accounts-understanding-key-statements-6/ http://faoblog.com/financial-accounting-vs-managerial-accounting/ After the profit & loss segment, which reflected on the state of operations and results of business activity for a defined period, stakeholders also wish to know and understand what the standing of the business entity is? This is...

Read More

About Offshore Mobile App Development

Ways to Move Your Business Forward with Offshore Mobile App Development Looking for a persuasive application strategy your business can use to effectively engage mobile users? When it comes to business, it pays to leave no stone unturned. While tapping the mobile users will no doubt do your business good, it can also be very challenging. After all, creating mobile applications that add value to your business can really take time and can mean a lot of extra work for your company’s IT department.  Also, your business or company may not be able to spare any budget for a...

Read More

Financial Accounting Vs. Managerial Accounting

Financial Accounting Vs. Managerial Accounting A number of members of the Learning & Development group wanted to understand the distinction between Financial Accounting and Managerial Accounting. Both these streams come from the base called ACCOUNTING. An entity decides to do a business, conducts its operations, financing and investing activities, offers a product or service to a marker or a community, records what it does and informs all connected with it in a reasonably summarized manner, what did it do and what it achieved. So, this business has an accounting department which accounted for all that it did, all that which could...

Read More

Final accounts – an understanding – Key statements

Final accounts – an understanding – Key statements In the Learning & Development group, Last week I explained  the concept of direct & indirect expenses / incomes. http://faoblog.com/final-accounts-understanding-key-statements-5/ The direct and indirect concept helps you define what items will be almost directly proportional  to your business volumes, and which will not really behave in this manner. What about income and expenditure account / the receipt and payment account? Not every entity is a profit making / a business entity. There may be non-profit entities, mutual benefit bodies, charitable bodies. Under various laws, there may be different requirements, like a body...

Read More

Final accounts – an understanding – Key statements

Final accounts – an understanding – Key statements In the Learning & Development group, I left you with a thought as to what direct and indirect expenses / incomes were. http://faoblog.com/final-accounts-understanding-key-statements-4/ The direct and indirect concept helps you define what items will be almost directly proportional  to your business volumes, and which will not really behave in this manner. Direct items: When a purchase is made, we have cost of the product, transportation costs, taxes paid warehouse cost of stocking insurance on transportation, warehouse These will directly be related to the product, will have a proportional element. Indirect items: There...

Read More

THE INDIAN BUDGET – A PERSPECTIVE

THE INDIAN BUDGET – A PERSPECTIVE Budget 2014 – What is it for me? Yesterday in the Learning & Development group, I shared some more key budget provisions. http://faoblog.com/indian-budget-perspective/ http://faoblog.com/indian-budget-perspective-2/ http://faoblog.com/indian-budget-perspective-3/ Let us see some provisions of the budget pertaining to indirect taxes today. Customs Duty Peak rate of Basic Customs Duty remains unchanged at 10%. Mandatory pre deposit prescribed as 7.5 or 10% on the stage of appeal. This is a first time under this law Advance ruling option made available to resident private limited companies. Free baggage allowance increased from Rs 35000 to Rs 45000. Service Tax No...

Read More

THE INDIAN BUDGET – A PERSPECTIVE

THE INDIAN BUDGET – A PERSPECTIVE Budget 2014 – What is it for me? Yesterday in the Learning & Development group, I shared some key budget provisions pertaining to the Corporate Taxation. http://faoblog.com/indian-budget-perspective/ http://faoblog.com/indian-budget-perspective-2/ Let us see some more provisions of the budget. Dividend Dividend Distribution Tax (DDT) to be paid after grossing up net profits distributed by the company. Currently, Domestic companies and mutual funds pay dividend distribution tax (DDT) on the ‘net’ amount, i.e., amount paid after reduction of distribution tax. DDT to be levied on gross amount of dividends. Effective rate therefore increased from the current 16.995%...

Read More

THE INDIAN BUDGET – A PERSPECTIVE

THE INDIAN BUDGET – A PERSPECTIVE Budget 2014 – What is it for me? Yesterday in the Learning & Development group, I shared some key budget provisions pertaining to the individual. http://faoblog.com/indian-budget-perspective/ For Corporate & Business Taxation,  tax rates remain the same for domestic and foreign companies. Expenditure on Corporate Social Responsibility (CSR) as referred to in section 135 of the Companies Act, 2013 not to be allowed as deduction under section 37 of the IT Act. However, the CSR expenditure which is in the nature as prescribed under section 30 to 36 of the IT Act shall be allowed...

Read More

THE INDIAN BUDGET – A PERSPECTIVE

THE INDIAN BUDGET – A PERSPECTIVE Budget 2014 – What is it for me? At the request of the founding leadership of the Learning & Development group, I am sharing herewith some key budget provisions over the next few posts. The first group that really jumps on to the provisions of the budget is the salaried class, a group which has no option except to pay every possible penny of tax in the land. We start with the provisions for the income tax. These provisions are applicable for the financial year 2014-2015, and will be ratified by the parliament.  ...

Read More

Subscribe via Email

Enter your email address to subscribe
to this blog

Pin It on Pinterest