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CAclubindia Articles


New Takeover Code: Disclosure Requirement

  CS Ankur Srivastava    10 July 2012 at 12:54

SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 Gist of: Acquisition of Shares and Disclosure Requirement Substantial Acquisition of Shares, Voting Rights or Control Acquisition: Acqu



Chartered Accountants in Investment Banking

  Vivek Krishnamoorthy    10 July 2012 at 12:14

Morgan Stanley offers $200,000 to IIM student for Investment Banking role! One often reads such lines in newspapers. What is Investment Banking (familiarly called I-banking), and why is it so hot? Lots o



Hotel Industry - Negative List is positive

  Pradeep Jain    10 July 2012 at 10:45

Introduction:- Service tax by way of Negative list is the beginning of a new era in the 18 years old Service tax law. Mo



Who's Stealing my money?

  Prof. Bajaj    09 July 2012 at 12:05

Today I have accumulated enough money to buy a new bicycle for myself , said Rahul, a 13 year old kid, who was saving money from last 3 years in his piggy bank. He was quite impressed with his fathers philosophy of saving mone



The Bermuda Triangle mystery created by Negative List

  Pradeep Jain    09 July 2012 at 12:05

Introduction:- After six years of uncertainties, finally section 66A of the Finance Act, 1994 has few more days to survive. 1.7.2012



Currency Translation Reserve

  Sanjay Chauhan (IFRS)    09 July 2012 at 12:05

A. Objective: This topic covers accounting for non integral operations under AS 11 in specific and its comparison with IAS 21. B. Back Ground: With the intent to Go Global, Indian entrepreneurs are now expanding their business focus in variou



Works Contract - Negative List - Unanswered Questions

  Pradeep Jain    09 July 2012 at 12:05

Introduction:- Service tax on Works Contract was introduced on 1.6.2007. Starting with an attractive rate of 2% service tax on the co



Service Tax Liability on Sub-Brokers

  CA Prateek Kr. Agarwal    09 July 2012 at 12:05

Please note that Sub-Brokership and service as an authorised person to a member of a commodity exchange is not covered under negative list, instead it is covered under Mega Exemption notification 25/2012 dt 20-06-12. Hence, one need to first get re



Open a Winning Account: ACE The CA

  Aniket    07 July 2012 at 18:36

An expanding economy along with complex regulations has led to a demand in the business world for expert advice. In the pecking order of finance, Chartered Accountants (CAs) rank at the top as managers, consultants, bankers and tax advisors. Break



Analysis of Declared Services, Exemptions, Abatements

  Madhukar N Hiregange    06 July 2012 at 13:01

Foreword With Effect From 1st July 2012, the CBEC has proposed and the Parliament has passed the switch from an ad hoc system of selecting services to tax, to a negat