CAclubindia Articles

Audit By Dept. Officers- CAG- Are they legal?

Madhukar N Hiregange 13 February 2014 at 12:23

The Central Excise as well as Service Tax have been amended post liberalization to follow the self assessment scheme. It means that the return is accepted as correct. However as a check against filing incomplete, incorrect, faulty returns there are p

Service Tax Implications of Plotted Development

Madhukar N Hiregange 13 February 2014 at 12:23

In this article we would examine what would be the effect of some services activity conducted in the course of a sale of immovable property in general and development of plots in particular. Consequently the impact of service tax. We also examine th

Technology in CA Education, E-Learning, Satellite Learning, Social Networking sites

Rishabh Ahuja 13 February 2014 at 12:23

Education is not just a word, its a base for everything that makes a person successful, from a daily labourer to the president of the country, everything is based on education. And therefore it is very important that it flows via proper medium

Are we Financially Literate?

Umesh Rijal 13 February 2014 at 12:23

Are we Financially Literate?Whenever the term money comes towards us we started to ponder and swagger our rationalism, but we are not sure that are we really literate about money or not

Reverse Mortgage: Advantages and Drawbacks

CA Gaurav Choradia 13 February 2014 at 12:22

Senior Citizens are an increasing component of the Indian Society and dependency in old age is increasing in the country. While on the one hand, there is significant increase in longevity and low mortality, on the other hand, cost of good health

Nostro, Vostro and Loro Accounts in Foreign Transaction

CS M Pota 12 February 2014 at 12:09

Foreign currency means any other currency other than the home currency, so if we say with reference to the above example foreign currency means any other currency other than Rupee for India, Pound Sterling for UK and US Dollar for USA.

Forex - Parity Relationship - Part 3

@*CS Siddharth Bumb. * 12 February 2014 at 12:09

Hello Friends,First of all thank you so much for your support and lovely response.In earlier parts of Forex we saw some basics of Forex, in this part we will move to Parity relationships, I will try my best to simplify , hope you will understand.Plea

Interpretation of 'month' as per the IT Act 1961

Srinivasan Rangarajan 11 February 2014 at 11:45

A 'month' under the Income Tax Act,1961 - An English Calendar monthOR a lunar month of 30 days?You may be knowing that full interest is being charged for delayed remittance of tax for a part of a month (of the English Calendar, interpreting

Section 2(47)(v) may hit by change in 53A of the TP Act

Vaiyapuri kannan 11 February 2014 at 11:45

The real impact of the amended provision of the Registration & other Relevant Laws ( Amendment ) Act 2001 on taxation of transfer of capital assets under the circumstances referred to in clause (v )of section 2 ( 47) of the income tax A

Why AS 22 is applied

ESHA AGRAWAL 10 February 2014 at 13:02

My aim of writing this article is to discuss with you all why AS 22 is applied, generally this happens we study the whole AS, solve the questions, but we dont know the crux of it. So friends AS 22 is Accounting for t