CAclubindia Articles

History of Income Tax of India

Posted by Karan Khatri 13 April 2015 128655 Views

It was only for the good of his subjects that he collected taxes from them, just as the Sun draws moisture from the Earth to give it back a thousand fold Kalidas in Raghuvansh eulogizing KING DALIP.Taxation of India in Anc

Bright days always follow gloomy days

Posted by Nimish Goel 13 April 2015 15562 Views

I was in Mussorie last week with my family for vacations and we had stayed in a beautiful resort The Amber, Vermont Estate. It was located some 5 kms away from the main mall road of Mussorie in a picturesque place near the Company garden. T

Component Accounting - Tangible Fixed Assets

Posted by CA Surendra Bhatt (ACA,DISA) 13 April 2015 59599 Views

The useful life specified in Part C of the Schedule II of the Companies Act,2013 is for the whole of the asset. As per Part A, useful life of an asset shall not ordinarily be different from the usefu

Poem: Rime and reason

Posted by CA Sagar Khubchandani 13 April 2015 14846 Views

POEM is an abbreviation for "Place Of Effective Management" that plays a decisive role in determining the tax residency of a company.The Finance Bill 2015 has decided to move the goalpost and proposed an alteration in the definition of resi

The Companies(Auditor's Report) Order is illegal

Posted by ANMOL JHA 13 April 2015 16148 Views

The Companies (Auditors Report)Order,2015, is unlawful thus not enforceable.The Ministry of Corporate Affairs on 10th April, 2015, has issued on its website the Companies (Auditors Report) Order,2015(the Order) though the Order is not

CARO 2015

Posted by Aditya Maheshwari 13 April 2015 26950 Views

The MCA has issued Companies (Auditors Report) Order, 2015 vide order dated 10th April, 2015. It shall come into force on the date of its publication in the Official Gazette. The matters which on which reporing are required under CARO 2015 Aud

How can we strengthen Procurement Function to achieve savings for your Organization?

Posted by Tulasi S Sastri 11 April 2015 12113 Views

Internal Audit report on the Procurement Function of Sure Shot Engineering Co. highlighted certain inconsistencies like inducting vendors with no apparent reason to d

One Person Company: Soul of proprietorship in corporate body

Posted by Mayank vashishta 11 April 2015 10458 Views

ONE PERSON COMPANY: A PRACTICE TO MERGE SOUL OF PROPRIETORSHIP IN THE BODY OF A COMPANY.BY MAYANK VASHISHTA The man who will use his skill and constructive imagination to see how much he can give for a dollar, instead of how little he can giv

Challenges for Auditor in Companies Act, 2013

Posted by CA. Atul Khurana 11 April 2015 20294 Views

Overview to the Companies Act, 2013:The new Companies Act (hereinafter referred as COMPANIES ACT 2013) is replacing old Companies Act, 1956The Companies Act 2013 makes comprehensive provisions to govern all listed and unlisted companies in the countr

Sustainability, Social Audit and Good Corporate Governance

Posted by NILA REJESH P 11 April 2015 13764 Views

Sustainability and Social Audit as a measure of Good Corporate GovernancePrefaceIn today's competitive globalised world, the most commonly disccused terms as a part of viability and credibility of the organisations are sustainability and social r