CAclubindia Articles

Frequently Asked Questions on Companies (Cost Accounting Records)

Posted by CS Bijoy 08 August 2011 15217 Views

1. What is the legal authority of the Companies (Cost Accounting Records) Rules 2011? Central Government, in exercise of the powers conferred by clause (b) of sub-section (1) of section 642 read with clause (d) of section 209 of the Co

Who is Responsible for TDS on sale of shares by NRI's

Posted by CA. Anuj Gupta 08 August 2011 14905 Views

Q.We are an Indian Company and our 5% equity is held by an NRI .Under an scheme of buyback of equity shares announced by our Company, the said NRI has offered all his equity for buyback. The said shares were acquired by him in convertible foreign ex

Take care and make your life easier - CA's

Posted by CS RAJESH C.CHOUDHARY 08 August 2011 20237 Views

- At early age if the person manage to have his own residence house. He would prefer to go for that first. It will not only give the benefit of tax, but vis--vis offers security in life. He would also think of the following option available

When the going gets tough, the smart guys cook the books

Posted by ANANDH SUNDAR 08 August 2011 10703 Views

When the going gets tough, the smart guys cook the books-examples of Jet and Kingfisher Warren Buffet famously said that an investor should have shot down the first aircraft that the Orwells flew, so that future investors would not have seen value

Why Do We Make Things So Difficult?

Posted by Krish 06 August 2011 25679 Views

Why Do We Make Things So Difficult? Why does it happen, so often? When I think that I will start wake up early morning from tomorrow but I dont able to follow the same, while at the examination time I dont make commitments and I w

Accounting by Real Estate Developers

Posted by CA Sachin D Jain 06 August 2011 41490 Views

The total Cost can be divided under the following Cost Centers: Project Cost Centre (PCC) Specific Costs Head Office Cost Center (HOCC) Common Costs and Administration and Selling Costs

Piece of Advice

Posted by Archana Das 05 August 2011 11806 Views

As we have 4 days to go for the ipcc/pcc resuts everyone must be worrying sick about it here are few tips as to how to overcome the fear,tension etc within you: 1) Be positive We must take baby steps to get this attitude of being positive...dont hur

Inventories defined and Rule 3 (5B) of CCR

Posted by Manoj Pala 05 August 2011 14376 Views

INVENTORIES defined and read in terms of Rule 3 (5B) of CCR; Inventories are assets (current assets) which encompass a) RAW MATERIALS held for use in the production process or in rendering of services b) Stores, maintenance suppli

Late Fee and Penalty for delayed filing of ST-3 Returns

Posted by Kaustubh Ram Karandikar 05 August 2011 331460 Views

Late Fee As per provisions contained in Section 70 of the Finance Act, 1994, a person liable to pay Service tax

NRI's can't claim concessional tax rate u/s 115H for interest

Posted by CA. Anuj Gupta 03 August 2011 81818 Views

Recently Madras High Court in the case of Dr. M MANOHAR(Appeal No 759 of 2004) decided an important question Whether the interest on the deposit made out of the interest income also qualified for concessional rate as the investment income de