CAclubindia Articles

Cost Compliance Report and Applicability On New Industries

Posted by CMA Navneet Kr Jain 03 May 2012 69433 Views

Cost Compliance Report and Applicability On New Industries for the year 2011-12: From the year 2011-12 onwards many companies have come under the purview of Section 209(1)(d) of the companies Act

Right To Inspect Members Register, Annual Returns Etc

Posted by G S Rao 02 May 2012 76247 Views

Introduction There are several sections in the Companies Act, 1956 which give rights to members, debenture holders, creditors and directors. Many are ignorant of these rights as they are not appearing at one place but are appearing in different S

Beware Dealers Claiming Input Tax Credit

Posted by CA Saiyum khan 02 May 2012 50462 Views

One of my clients has received the demand notice from the Commercial Tax Department of Gujarat for payment of VAT against wrong claim of Input Tax Credit. On scrutinizing the relevant documents of input tax credit it was found that Tax Invoice was i

'Tenancy Rights' and action under SARFAESI Act, 2002?

Posted by Durga Rao 02 May 2012 26090 Views

Banks used to take advantage of the provisions of SARFAESI Act, 2002 earlier in taking possession of the secured asset even when the tenant was in possession of the property. Absolutely, there is no difficulty in taking the possessio

Deferred Tax in Simple Words - PART II

Posted by Vignesh Killur

02 May 2012 126236 Views

The Day is 1st of April 2001; the Indian Accounting Fraternity is introduced to the concept of Deferred Tax. Accounting for Taxes on Income (AS 22) is applicable to different categories of enterprises from different dates. TABLE 1.

Institutional Placement Programme (IPP)

Posted by Victor J uruvath 02 May 2012 52333 Views

Foreword The article intends to study the provisions of Institutional Placement Programme (IPP) - a recently introduced mode of raising additional capital, in order to comply with minimum public shareholding

The Indians' Craze For Gold

Posted by Tony John 30 April 2012 17003 Views

Gold is a precious metal which is well-known for its shiny, yellow colour. It got its name 'gold' from an Anglo-Saxon world 'gelo', which means yellow. On the other hand, in Chemistry, it has been

Capital Gain - Part 1

Posted by Manish Kumar Agarwal 28 April 2012 74817 Views

UNDERSTANDING TAX ON CAPITAL GAINS WITH LATEST CASE LAWS: PART - I Taxation of Capital Gain is the most disputed subject amongst all major tax disputed subjects. Generally, the capital gain tax not comes to every assessee and it may come in hi

How to face Inspection u/s 209-A of the Companies Act,1956?

Posted by G S Rao 28 April 2012 20850 Views

Introduction I am overwhelmed by the response of the readers to my previous articles on Inspection and Investigation. It motivated me to continue the series. I felt that it would be more appropriate, if I cover the preparatory steps to face inspec

It's 3 Hours Examination which matters

Posted by CMA Raveendranath 28 April 2012 31894 Views

It gives me great pleasure to write articles on topics which helps students in better performance in exams. Out of my experience, both in professional practice and as a trainer for professional course, I feel that there is a wide gap between student