CAclubindia Articles

Re-engineering with the help of internal audit of self

Posted by CA SURENDRA KUMAR RAKHECHA 29 January 2015 15956 Views

Audit is the core subject of Chartered Accountancy Course. Students hardly do justice to this CORE subject in their Study Plans. Most of them allocate just 15-20 days to it as if its marks

India's Forex Reserves at All-Time High - A Critical Analysis

Posted by CA. Saket Ghiria 29 January 2015 19540 Views

Foreign Exchange reserves plays a very crucial role for any nation as we know that the global trade is dominated in foreign currencies like American Dollar, Euro, British Pound and Japanese Yen. Out of these, USD ($) is of most significance and it is

Income Tax Act - 1961 Sec 14A disallowance

Posted by CA Ram Bajaj 28 January 2015 23290 Views

Introduction 1. Section 14A was first inserted by the Finance Act, 2001. However, same was inserted with retrospective effect from 1-4-1962. The inserted section reads as under: '14A. Expenditure incurred in relation to income not includib

A loop hole for giants (FlipKart, Amazon & Snapdeal - A New Study)

Posted by Paras mehra 28 January 2015 40063 Views

Three days ago, the big giants like flipkart, Amazon received a serious threat from the Maharashtra Government itself. Some leaders of Swadeshi Jagran Manch (SJM) which is an economic policy front of RSS had met the Finance minister Arun Jaitley and

All about Fixed Deposits (FD'S)

Posted by kunal 28 January 2015 19033 Views

IntroductionAlthough a very familiar term in everyday life, fixed deposits or FD as we call it, is one of the very crucial investments which almost every individual happen to make or open with their

Once Again - For Success

Posted by Ram M. Dixit 28 January 2015 21420 Views

Hello friends,This article is for students far from CA examination due to fear of failure. I saw my friends scared of the name of CA exams. They do not appear in exams only because they might be failed. Here it is discus

Companies Amendment Bill 2014

Posted by CS DHANAPAL 28 January 2015 20602 Views

Companies Act, 2013 (Act) which was notified on 29.08.2013 has brought about enormous changes in almost every sphere of Corporate Compliance, Management and Administration. Out of 470 sections in the Act, 283 sections and 22 sets of Rules correspondi

Admission to IPCC Small Amendment Big Impact

Posted by CA Siddhartha Bhardwaj 28 January 2015 20891 Views

ICAI has amended Regulation 28E of the Chartered Accountants Regulations, 1988 vide Notification No. 1-CA(7)/167/2014 dated 23rd January, 2015.On reading this sentence few questions crop up.What is Regulation 28E? What is the amendment? What is t

Comparison of IND AS 2 and existing AS 2

Posted by Aadarsh Gupta 28 January 2015 88416 Views

Ind AS 2 and existing AS 2 The principles laid down in Accounting Standard (AS) 2, Valuation of Inventories, are well established and the principles laid down in Ind AS 2, Inventories, are almost similar to the pr

Variable Interest Rates - Service Tax

Posted by CA Prakash Sajnani 28 January 2015 14776 Views

Variable Rates of Interest for Delayed Payment of Service Tax Prescribed By Notification No. 12/2014-ST Dated 11-7-2014:- To encourage prompt payment of Service tax, new interest rates on delayed payments under Section 75 of the Finance Act, 1994, wh