CAclubindia Articles

Recognition Of Intangible Assets, Its Accounting Treatment

ESHA AGRAWAL 05 March 2014 at 13:21

Being a commerce professional the term Intangible Asset is so common, generally we think intangible asset is that asset which we cannot touch, feel, see etc. so according to this meaning prepaid advances is intangible assets as we cannot feel, touch

Tax Benefit on Housing Loan

C.S.SAVEESH.K.V. 05 March 2014 at 13:21

(Sec. 24, 80C and 80 EE of Income Tax Act) Repayment of Housing are divided into 2 components1. Repayment of the Principal portion2. Repayment of the InterestSection 80C: Tax benefit on Housing Loan (Principal Amount) The amount paid as Repayment of

How to improve Bank Audit Appointment System?

CA Nitesh Kumar More 05 March 2014 at 13:21

PRESENT APPOINTMENT SYSTEM: A) Every year, ICAI forward the Bank Branch Auditors Panel to Reserve Bank of India. The said panel was classified into following three lists by RBI:- i. List of auditors stationed at cooling period (applicable to

Practical Aspects of CSR Compliance

Arpit Shah 05 March 2014 at 13:21

Applicability: If the company has Net Worth of Rs. 500 crore In any of the closure of FY in 2013-14, 2012-13 & 2011-12 Turnover of Rs. 1000 crore Net Profit of Rs. 5 crore Then the compa

One Person Company (OPC) - Pros and Cons

CA MK Agarwal 05 March 2014 at 13:20

With this new concept, small entrepreneurs can set up a one person company (OPC) without sharing their profit with another individual. They can register with just one shareholder with limited regulatory costs and other requirements.

Whistle Blowing / Vigil Mechanism under Sec. 177 of CA, 2013

CS M.Kurtrala Nathan 05 March 2014 at 13:20

Introduction:The term whistle-blowing originates from the practice of British policemen who blew their whistles whenever they observed commission of a crime. Whistle blowing means calling the attention of the top management to some wron

CSR- The New Mantra for Corporates

Vandana J Doshi 04 March 2014 at 11:52

The historic Companies Bill which had received the Presidents assent on 29th August, 2013 and became the Companies Act, 2013, (hereinafter the new Act) by notification in the Official Gazette, on 30th August, 2013, had initially

The Companies Act, 2013 - Provisions relating to contribution to political parties

G S Rao 04 March 2014 at 11:52

Introduction: Political parties in India extend favors, for those who contribute them with hefty donations, when they come to power. Before elections donors have to keep both prominent parties in good spirit so that their future interests are balance

3 Serious Investment Hurdles and how to overcome them?

Ramalingam K 04 March 2014 at 11:52

Ever seen a hurdle race? Noticed how the athlete concentrates on overcoming the hurdles? How they time their leap at the right moment to sail smoothly over them? For these people the barrier is just a physical obstacle and not a mental one. It is the

Analysis of Provisions on Statutory/Cost/Secretarial Audits & Auditors

CA Nitesh Kumar More 04 March 2014 at 11:52

THE COMPANIES ACT 2013(Chapter X- Sections 139 to 148 & 204) About the Act The long-awaited new Companies Bill 2012 has at last seen the light of the day as The Companies Act 2013 (Act No.18 of 2013) with its publication in the Gazette of India E