Income from Capital Gains, Short and Long Term Capital Gain What is meant by capital gain? Capital gain refers to gain or profit, arising out of the sale of any capital asset. Let’s understand the assets which are excluded from the definition of capital assets. Any stock or inventory or consumables on hand with respect to business or professionPersonal effects such as clothes, cooking utensils, etc. (however, it excludes jewellery, drawings, paintings, any work of art etc....

Ind AS for NBFCs Transition to Ind AS is more than just an accounting change and may have a significant impact on the businesses, systems and processes and people, making this change as much a focus area for the CEO as it is for the CFO/ Controllers. One of the particular challenges for NBFCs has been the relative lack of preparation and external communication of the impact / likely impact of Ind AS on their financial statements and results....

Interview with Aayush Agarwal CA IPCC Topper Nov 2016 Aayush Agarwal – From Kolkata – Second Rank – CA IPCC Nov 2016 How are you feeling right now? I am feeling amazed, Sir!! What was your parent’s reaction on hearing the news that you have secured AIR 2 in CA IPC examination? We were all amazed. We were expecting for a rank but this was something unexpected. How important this is for you?...

Since then, 4 months have passed and now the rumours of iOS 15 have started to float around the web. The next Big Apple event is likely to happen sometime in September. I know there is lot of time left so before that. These are some rumoured features that can come with the next iOS update. Rumored iOS 15 Features At the moment iOS 15 is rumored to make changes with the: ✅Notifications area....

In the past 3 films, the assassin known as Baba Yaga has survived stabbings, torture, bullets, car crashes & whatnot but couldn’t get past the COVID-19 pandemic. Immediately after the successful premiere of John Wick: Chapter 3 – Parabellum, the 4th chapter in the franchise was announced to release on May 21, 2021. However, that didn’t happen because of the COVID-19 pandemic situation the last year. Now that the vaccination is in full flow in the USA, the production of John Wick 4 has once again kick-started as the next scheduled release is projected for May 2022....

To find out everything about Kingdom Season 3, continue reading. Kingdom Season 3 Renewal The Korean Zombie show hasn’t been renewed for a season 3. But, there is nothing to worry about. This is because the show has received massive ratings with 8.4/10 on IMDB. Moreover, the story of Kingdom seems pretty incomplete in season 2. So, season 3 seems pretty mandatory to complete the story base. Showing that there are lots of more ideas to be unveiled in the upcoming seasons, the screenwriter of the show i....

From 1988 to 1990, Abdul-Rauf competed in collegiate basketball with the LSU Tigers, earning first-team All-American honors each year. He was selected by the Denver Nuggets as the third overall pick in the 1990 NBA Draft. In addition to competing in the Slam Dunk Contest at the 1993 NBA All-Star Weekend and being one of the league’s best free throw shooters, Abdul-Rauf was chosen for the NBA Most Improved Player Award in 1993....

Most Popular Global Career Destinations for Indian CAs Gulf Region: Borders are no bar to knowledge professionals and Chartered Accountants, and the younger lot of CAs are especially proving that right. Although their outbound destinations include different parts of the world, one of their most favourite destinations is the Gulf region, comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates. The resurgent Gulf region offers excellent growth opportunities to thousands of Indian Chartered Accountants who are extremely successful and they are highly respected for their commitment and hardworking attitude Today, more than 20,000 CAs work in the Gulf region and are offered attractive pay packages....

As I discovered out in 2018, stock car racing is no point for people. But a random spectator could be overlooked for assuming that, based on the specifications of the sport’s recent Gen6 car. Devices with just four speeds, wheels with five lug bolts, and a stable rear pin all look incredibly anachronistic to enthusiasts of most other kinds of motorsport. But from the following year, all that material is gone....

In response to the missile launches, what does North Korea have to claim? For more reliable security of our state, the missiles are viewed as “a strategic weapon of tremendous significance,” according to the Korean Central News Agency (KCNA). During flying tests on Saturday and Sunday, they were able to hit targets 1,500 kilometers (932 miles) away before crashing into the country’s territorial waters. As far as we know, the missiles have been in construction for the past two years....

Objectives of Accounting The rules of business are based on general principles of trade, social values, and statutory framework encompassing national or international boundaries. While these variables could be different for different businesses, different countries etc., the basic purpose is to add value to a product or service to satisfy customer demand. (i) Providing Information to the Users for Rational Decision-making The primary objective of accounting is to provide useful information for decision-making to stakeholders such as owners, management, creditors, investors, etc....

Further, introduction of Income Computation and Disclosure Standards (ICDS) and applicability of Ind AS to certain class of assessees requires more comprehensive disclosures in financial statements and Form No. 3CD. By virtue of provision of section 44AB of Income-tax Act, 1961, tax auditor has responsibility to ensure factual accuracy of information furnished in Form No. 3CD as tax authorities rely on information provided in Form No 3CD while computing taxable income of the assessee....

Portfolio Management Theories, Various Types Dow Jones Theory: This theory was formulated by Charles H. Dow. The Dow Jones Theory is probably the most popular, oldest and most famous theory regarding the behavior of stock market prices. The Dow Theory’s purpose is to determine where the market is and where is it going. It classifies the movements of the prices on the share market into three major categories: Primary Movements,Secondary Movements, andDaily Fluctuations....

Pre – Open session of Stock markets NSE & BSE 1. Pre-Open Session: Before learning what a pre-open session is we have to be aware of the term “call auction”. Call auction enables the buy order and sale order to be continuously placed till the end of the order entry period. This is a mechanism designed to obtain the market opening price and quantity traded are derived based on aggregated supply and demand for the underlying stocks....

Nowadays, college life is not so good because many cases of suicide in college are in front of us. The same thing happened in Branford College. One person wrote a tweet about it and getting more popularity. Rachael Shaw Twitter: https://twitter.com/sarahxcraig/status/1374419640210759681 — Yale Daily News (@yaledailynews) March 24, 2021 Over the weekend, my family lost someone. Rachael was bright, funny, & caring with big dreams. She ended up at her dream school only for their policies to lead to her death....

Rs ₹ 200 Note Image (Official) The image and salient features of ₹ 200 denomination banknotes in the Mahatma Gandhi (New) Series are as under: Salient Features of RS 200 Note Obverse (Front) Rs 200 note Reverse (Back) Dimension Dimension of the banknote will be 66 mm × 146 mm

ICAI Issued Revised Scheme of Education and Training for Chartered Accountancy Course. After Providing CA New Syllabus 2018 CPT, IPCC, CA Final New Course 2018 here we are providing Revised Scheme of Education and Training for CA Course. In this article you can find complete details for Revised Scheme for How to Become Chartered Accountant. Now you can scroll down below and check complete details for “Revised Scheme of Education and Training for CA Course”...

Section 194J – TDS on Professional Services or Technical services Following persons are responsible to deduct tax at source for paying fees for professional or for technical service or royalty or any sum referred to in section 28(va) (i.e., fees for non-competence) or director fees (which is not covered u/s 192) to a resident person – Any person, other than individual or HUF; &Individual or HUF, whose books of account are required to be audited u/s 44AB (due to turnover or gross receipt criteria) during the financial year immediately preceding the financial year in which such fees are credited or paid....

Set off and carry forward of losses under the Income tax law Loss from exempted source of income cannot be adjusted against taxable income If income from a particular source is exempt from tax, then loss from such source cannot be set off against any other income which is chargeable to tax E.g., Agricultural income is exempt from tax, hence, if the taxpayer incurs loss from agricultural activity, then such loss cannot be adjusted against any other taxable income....

And stranger things is one such TV series. As of now, Netflix has released its 3 seasons consisting of 25 episodes of 42 -77 minutes each. However, its last season concluded on July 4, 2019. Now, it’s almost two years. People are asking: “Where is Stranger Things Season 4?” “What’s causing the Delay?” Well, I’ve figured this all out and going forward in the post, I’ll share the latest estimates of the Stranger Things Season 4 release on Netflix....