CAclubindia Articles

Auditing Of Export Sales

Aditi Chandak 16 September 2013 at 12:35

Auditing of Export Sales. Based on data released by Directorate General of Commercial Intelligence and Statistics (DGCI&S), export sales by Indian exporters amounted to US$ 214.1 billion for the nine months ended December, 2012. Scaling down

The Downfall of Rupee - Cause and Effects

Aditi Chandak 16 September 2013 at 12:34

The INR Freefall. Freefall (noun) - A sudden drop in the value of something that cannot be stopped. Does it remind you of what the rupee has been doing in the past couple of months? Over the past few years, Indias current account deficit (C

Practical approach for Professional Course with Self study Part 2

CMA Ramesh Krishnan 16 September 2013 at 12:34

Practical approach for Professional Course with Self study (Part-2) Introduction: In this part -2, I would like to discuss about, Some studying tips while doing professional course with self study. 1. Preparation of study time table: We need to

Areas of Ordinary Resolution under Co. Act 2013

CA.Tarun Nagpal 16 September 2013 at 12:33

Companies Act 2013 : Ordinary resolutions The companies act has brought smiles on corporate Indias face giving a much needed lift. Simplifying the procedural aspect will surely wash away the bad memories during the older regime. This article

The Companies Act, 2013 - Provisions relating to Independent Directors

G S Rao 13 September 2013 at 12:05

Introduction: Having received the assent of the President of India, The Companies Act, 2013 has come into existence on 29.08.2013 which will replace the old Companies Act, 1956. As per Section 1 of the new Act, different sections of

Practical approach for Professional Course with Self study: Part-1

CMA Ramesh Krishnan 12 September 2013 at 13:06

Practical approach for Professional Course with Self study (Part-1) Introduction: In the present competitive scenario, doing professional course is the basic requirement for any career field, even after completion of graduation and joining with so

Work carried out on lump sum basis is not supply of Manpower

Bimal Jain 12 September 2013 at 13:06

Dear Professional Colleague, Work carried out on lump sum basis does not falls under supply of manpower services We are sharing with you an important judgement of the Honble CESTAT in the case of M/s. Shri Bileshwar Khand Udyog Sahakari Mand

The value of goods supplied or provided free by a service recipient

RENGARAJ R.K 12 September 2013 at 13:05

The value of goods supplied or provided free by a service recipient under construction of commercial or industrial complex service, do not comprise the Gross amount under Notn.no.15/2004. Landmark judgment. Introduction: In a landm

Accounting Standard 2 simplified

Siddharth Kadakia 12 September 2013 at 13:04

Introduction Why is valuation of inventory so important? From a lay mans perspective there can be two reasons. Firstly since the closing stock of the previous year becomes opening stock of the current year and it goes because of the going c

Capital gains tax valuation (Immovable Property)

Mohammed Ibrahim 12 September 2013 at 13:04

Capital Gains Tax Valuation. (Immovable Property) (Keywords: Under Income-tax Act 1961 as amended from time to time, classification of Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG), Cost Inflation Index (CII), computation of