CAclubindia Articles

Services which can be rendered by the auditors

Posted by CS Divesh Goyal 25 February 2015 16645 Views

As per Provisions of Section- 144 of Companies Act, 2013, A Statutory Auditor of company cant provide the following below mentioned services to followings: Services which a Statutory Auditor cant provide directly or indirectly to above

Ind AS 2 - Inventories

Posted by Ashima chachra 25 February 2015 58666 Views

1. Objective: a) Deals with the determination of cost ,b) Subsequent recognition as an expense , including any write-down to NRV ,c) Guidance on the cost formulas that are used to assign costs to inventories.2. Scope: This Standard applies to all inv

Union Budget - My story and history

Posted by Anjani Kumar Sharma 25 February 2015 8698 Views

February is a month of love and proposals. This statement holds true even for Chartered Accountants. Although, the proposal which invokes excitement in Chartered Accountants are the Tax proposals presented by the Finance Minister in the Union Budget

Budget wishlist: What govt must do to ease pain of common man?

Posted by Rakesh Nangia 24 February 2015 13203 Views

As February 28 draws closer, a lot of expectation has built up on the tax front as this will be the first full-year Budget to be presented by the Modi government. The government has previously conveyed its intention to simplify the taxation system an

Three distinct aspects of financial applications

Posted by Tulasi S Sastri 24 February 2015 13709 Views

Three distinct aspects of Financial Applications that help in Systems Requirement Study (SRS). What is SRS? By SRS I am referring to the exercise undertaken to understand and to specify the requirements of a Business Application for development. Ther

SSI units - Exemption under central excise

Posted by CMA Poornima Madhava 24 February 2015 338316 Views

SSI units & Notification no.8/2003 CE SSI stands for Small Scale Industries. Notification no.8/2003 provides relaxation to SSI units from central excise duty subject to certain conditions. T

Much ado about nothing in section 188 (Related Party)

Posted by ANMOL JHA 24 February 2015 7744 Views

The section 188 of the Companies Act, 2013 imposes restrictions/conditions relating to related parties transactions and for the purpose of imposing restrictions and conditions the said section 188 authorizes Central Government to make rule. The Cent

Companies Act, 2013- Sch II depreciation revised

Posted by CA Sripriya K 24 February 2015 24108 Views

Schedule II of the Companies Act 2013 Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less i

Main Hoon Na - CSR is not street charity?

Posted by Sundharesan Jayamoorthi 24 February 2015 5656 Views

Street Charity chant, please do charity in the name of almighty, reaction to this may be impulsive, we donate but without knowing the cause. This impulsive charity does not require the caregiver to look back on who the beneficiary is an