CAclubindia Articles

Banking: All about cheques speed clearing

Ketan 15 May 2014 at 11:41

Question 1 What is Speed Clearing? AnswerSpeed Clearing refers to collection of outstation cheques (a cheque drawn on non-local bank branch) through the local clearing. It facilitates collection of cheques drawn on outstation core-banking-enabled

Role of a Chartered Accountant as a preparer of XBRL

CA RAHUL RAY 15 May 2014 at 11:40

We as accountants need to understand how to interpret the taxonomy, which does not necessarily include understanding XML language and its semantics. As accountants we should be able to appropriately link each element of the financial statements to th

Service PE- Centrica India Offshore Judgement- Anlaysed

MOHIT JAIN 14 May 2014 at 11:30

SERVICE PE- Critical Observations on Judgement in Centrica India Offshore (P) Ltd. Facts:- Centrica Plc, a company incorporated in UK, along with foreign subsidiaries in Canada, collectively referred to as Overseas Entities were engaged

Export Promotion Capital Goods (EPCG) Scheme

CA. Dashrath Maheshwari 14 May 2014 at 11:30

Definition: EPCG Scheme has been introduced in India to promote import of capital goods for production of output which is exported. Eligibility Criteria Mainly:Scheme covers manufacturer exporter,

Here comes the Exam Time

Deepika Agarwal 14 May 2014 at 11:30

As the CA-intermediate exams are around the corner, many students must be feeling really nervous. I would like to tell all the students who are appearing for the exams that this is the best time of the year, now I know the reaction, all of you must

How to Study in Last Few Days before Exams

CA Rajesh Pabari 14 May 2014 at 11:29

First, Plan your days. Keep two days before exams for the first paper Second, You are left with another twelve days. Divide the twelve days into two parts which gives you 24 parts. Third, You will need to divide the parts for each subjects. Suppos

Procedure laid down under N I Act for trial of 138 cases and Supreme Courts recent directions

G S Rao 14 May 2014 at 11:29

Introduction: Indian Banks Association filed a PIL in Supreme court for issuance of directions to all courts in the country for mandatory compliance of Section 143 of Negotiable Instruments Act, 1881(Referred as NI Act) read with provisions of Sectio

Forensic Accounting: A Career Path

Deepika Agarwal 13 May 2014 at 11:41

INTRODUCTIONForensic Accounting has existed for many years. Also known as Investigative Accounting, forensic accounting is a detailed examination and analysis of financial documents and records for us

FAQs on Section 185 along with planning

CA Nitesh Kumar More 13 May 2014 at 11:41

Q1: What are the prohibitions on sec 185? Ans: No company can directly or indirectly advance loan to its directors or to other persons in whom directors are interested. No company can give any

Karniti Part- 36: What is "HUF" (Hindu Undivided Family)?

CA Umesh Sharma 12 May 2014 at 11:13

Arjuna (Fictional Character): Krishna, What is mean by HUF Hindu Undivided Family under Income Tax Act?Krishna (Fictional Character): Arjuna, Generally in India mother, father, son and