CAclubindia Articles

Crude Downslide - Why are the Oil Cos Still Bleeding

Posted by CA Prakash Sajnani 04 February 2015 11110 Views

With the quarter 03 balance sheets of the many Oil marketing companies being on the verge of finalization the expectation of the General Public is that the Oil Marketing Companies (OMCs) also known as the downstream companies will make substan

Financial Statement,Board Report under Cos Act,2013

Posted by CS M.Kurtrala Nathan 04 February 2015 12473 Views

Section 134 of the Companies Act,2013 and Rule 8 & 9 of the Companies (Accounts)Rules,2014 deals with the Financial Statement and Board Report.Signing of the Financial Statement: The financial statement, including consolidated financial statement

Bait Money check with respect to Concurrent Audit of Banks

Posted by Sahil Jolly 04 February 2015 9739 Views

Bait Money check with respect to Concurrent Audit of Banks The concept of Bait Money!Bait Money is a security feature used by various Banks/Bank branches. As its name suggests, this money kept with the Banks/Bank branches helps in tr

Income tax slab rates of 24 years

Posted by CA ANKIT GUPTA 03 February 2015 32606 Views

INCOME TAX SLAB RATES FOR MALE ASSESSEEFROM ASSESSMENT YEAR 1992-1993 TO ASSESSMENT YEAR 2015-2016 Hello readers, I found many persons searching sites here and there for slab rates of some previous years, purchasing books for the purposae of making a

GST - Date of introduction revised

Posted by CA Sudhir Halakhandi 03 February 2015 25804 Views

1st APRIL 2016 - NOT A REALISTIC DATE OF INTRODUCTION OF GST The concept of “Goods and Service Tax in India” was first introduced by Mr. P. Chidambaram in his Budget speech of 2006 and at that time the date of introduction of GST was decl

Bar code systems for transaction capture in manufacturing

Posted by Tulasi S Sastri 03 February 2015 6029 Views

Bar Code Systems for transaction capture in Manufacturing – Opportunity to save on data entry efforts and making it error free. Familiar scene to all of us at medical shops is employing bar code readers by chemists to invoice sale of medicines.

Time Management

Posted by CA DHIRAJ SATNALIKA 03 February 2015 13163 Views

Sometimes it may seem that your business eats up all your time. Your entire life seem to revolve around it and you start to wish you had more time for your family, more time for your other goals, and more time for your passion, whatever that may be.

Control Self-Assessment

Posted by Hari Iyer CA, MBA, CISA, FCPA 03 February 2015 15070 Views

BackgroundControl Self-Assessment (CSA) is a technique that was originally developed by Gulf Canada in 1987. In March 2000, the European Commission approved a white paper on CSA. In the United States when the Sarbanes-Oxley Act was implemented in 200

Bad Debts allowable under IT Act- An anaysis

Posted by Saurabh Maheshwari 03 February 2015 98248 Views

Hello friends!!! greetings of the day. Writing an article after a long time.In this article an attempt has been made to highlight the pros & cones with respect to allowance of bad debts under the I.T Act.Bad debts[Sec 36(1)(vii)-Allowed as deduc

A brief about GST

Posted by CA L Gopal Shah 03 February 2015 13295 Views

What is GST GST is a destination based tax levied on supply of goods and services Proposed Dual GST in India is to be levied concurrently by states and cent