CAclubindia Articles

Insight into ICDS I & II with reference to IAS 1 and IAS 2

Posted by CA ANURADHA BISWAS 17 June 2015 13745 Views

Insight into Income Computation and Disclosure Standard (ICDS) I and II with reference to IAS 1 and IAS 2:-The CBDT has come out with notification for assesses following mercantile system of accounting, to compute income chargeable to income tax und

Reporting under cost audit aligned with eight digit central excise tariff code

Posted by CMA Navneet Kr Jain 16 June 2015 14821 Views

Reporting Under Cost Audit aligned with Eight Digit Central Excise Tariff Code for Manufacturing Sector From 2014-15India is a country which introduced the concept of Cost Audits for the corporates. Till 2011, the cost audit report formats were neve

Hamari Aadhuri Kahani. Non receipt of Income Tax Refund!

Posted by CA Umesh Sharma 16 June 2015 22160 Views

Arjuna (Fictional Character): Income Tax Department has issued Circular No. 09/2015 dated 9th June, 2015 regarding income tax refund. Taxpayer wants Refund of excess of Income Tax paid

An overview on e-commerce transactions

Posted by CA Pankaj Kr Agrawal 16 June 2015 15805 Views

Today e-commerce has become an integral part of everyday life. Accessibility to E-commerce platforms is not a privilege but rather a necessity for most people, particularly in the urban areas. India is witnessing a digital revolution wit

FAQ on New Companies Act, 2013- Auditor's Rotation

Posted by CA Sripriya K 16 June 2015 26183 Views

We have been the Statutory Auditors of XYZ Private Limited for 20 years now. Can we sign the financial statements as auditors for YE March 31, 2015. Or should be pave way for another firm on account of Audit rotation. Although Sec 139(2) makes

SS1 - A critical analysis

Posted by Ramaswami Kalidas 16 June 2015 16222 Views

IntroductionSection 205 of the companies Act,2013, (herein after referred to as �The Act�)inter alia, enjoins upon the Company Secretary to ensure that the company complies with the applicable Secretarial Standards. The Explanation under

From hotel room to semi finals of the french open

Posted by Nimish Goel 15 June 2015 12375 Views

I recently read a news article how Timea Bacsinszky reached the semi-finals of the French Open 2015. The article can be read on:http://www.independent.co.uk/sport/tennis/french-open-2015-former-hotel-worker-timea-bacsinszky-checks-into-semifinals-10

Give your mind the creative kick (that it badly needs)

Posted by Rohit Jain 15 June 2015 10779 Views

�Tere bina kick mujhe milti nahi� is the lyric from the popular Salman khan movie �Kick� released in 2014. The reference to a kick in that movie is different from what we need in our life. Kick in our sense means a spark, a jo

Utilization of time after exam

Posted by Vikash Maheshwari 15 June 2015 13192 Views

May exams are long over..all those who appeared are now relaxed..awaiting results..unwinding from the gruesome time all have been through.The saga of May-Nov-May seems never ending.Some make it..some again go through the grill�success delayed

Positioning of internal audit in corporate framework

Posted by CA. Atul Khurana 15 June 2015 10096 Views

CONTENTS: Introduction Scope Internal Audit in corporate framework Principles of Internal Audit ICAI�s Standards on internal audit Internal Audit process Benefits ConclusionIntroduction: Int