CAclubindia Articles

Who's budget first? Personal or governments

Posted by CA Umesh Sharma 23 February 2015 6974 Views

Karneeti Part 77Whos Budget First? Personal or GovernmentsArjuna (Fictional Character): Krishna, Honorable Finance Minister Mr. Arun Jetley will be declaring the Finance Budget of 2015-16 on 28th February in the Loksabha. Everyone is excited f

What Union Budget of India 2015-16 should include?

Posted by CA Chiranjiv Kumar 23 February 2015 7817 Views

Finance minister Arun Jaitley will present Union budget of India for 2015-16 on 28th February. Now there are some points which should be included in it. Infrastructure Projects - There are nearly 5 lakh crores worth of infrastructure projects which a

Input credit mechanism under proposed GST regime

Posted by Kaushik Vinod 23 February 2015 10962 Views

Input Credit mechanism under proposed GST regime-The milestone to achieveBACKGROUND:Before I begin this article it is worthwhile to discuss the background behind this since as of today no professional as well dealer is sure about the consequences of

New scheme of education & training - Practical analysis

Posted by CA. Saket Ghiria 23 February 2015 13471 Views

As per Srimad Bhagavad Gita, It is only change which remains forever and every other thing changes with the change. So true. More than 5,000 years ago, humanity got this divine knowledge which is becoming more and more rel

Ind AS applicability

Posted by Ashima chachra 23 February 2015 269869 Views

Indian Accounting Standards (Ind As)As we all know that as per Notification of Ministry of Corporate Affairs on 16th February2015 Ind As has came into force. They shall come into force on the 1st day of April, 2015. I have gone through the notificati

Guide to grant of refund under MVAT act

Posted by gopal Santosh Darak 23 February 2015 10398 Views

Introduction: -After introduction of VAT, a large quantum of refund application have beenfilled. The Department under going transition due to which business processhave undergone many changes. As result, a num

'Convergence - Ind AS notified (Ind AS applicability)

Posted by mayank 23 February 2015 21630 Views

With accounting having become the global language of business, the convergence with International Financial Reporting Standard (IFRS) is the need of the hour as an economic imperative for India. The Finance Minister Shri Arun Jaitley a

Business model of Indian Premier League

Posted by CA Sagar Khubchandani 20 February 2015 22876 Views

Another buzzing cricket news after World Cup 2015 is that Yuvraj Singh has been sold to Delhi Daredevils for whopping Rs 16 Crores in Indian Premier League (IPL).Not only this time,but he was the most expensive buy at auctions last year as well for R

We the people or we the sitting ducks

Posted by Sahil Jolly 19 February 2015 19051 Views

Almost all of us go for family outings every now and then and one of the most important activities, without which an outing is not complete, is having a meal at a nice Resta

Non-Authorised service station is not liable to pay Service tax

Posted by Bimal Jain 19 February 2015 20731 Views

Dear Professional Colleague,Non-Authorised service station is not liable to pay Service tax on Maintenance or Repair of any part of motor vehicle SC dismissed SLP filed by the DepartmentWe are sharing with you an important judgm