CAclubindia Articles

Rejection of Books of Account - Sec 145 of Income Tax Act 1961

Posted by CA Ram Bajaj 05 February 2015 53162 Views

145(1) Income Chargeable under the head Profit and Gains of business or profession or Income From other sources shall, subject to the provisions of sub section(2), be computed in accordance with either cash or mercantile system

Update on Indirect Tax - Service Tax, Excise and GST for the month of Feb 2015

Posted by TARUN KUMAR GUPTA 05 February 2015 28316 Views

In addition to Service Tax and Excise, we have started a new section on GST. Hope this will be useful to you. A. Service Tax 1. Service Tax payment for the month of January, 2015 is due for payment on 6th February, 2015 for assesses excluding Individ

Managing Bribery and Corruption Risks in the Infra Industry

Posted by Member (Account Deleted) 05 February 2015 12250 Views

Any competitive advantage gained through corruption is a mirage.Why is bribery and corruption such a challenge in the sector : Construction and Infrastructure Industry?In addition to the bribery and corruption risks prevalent in all in

Modes of investment in mutual funds

Posted by Elton Sukumar M 04 February 2015 13634 Views

The objective of this write up is understand direct entry scheme in mutual funds, before we proceed to understand direct entry scheme, let us have basic idea of mutual funds.Meaning of Mutual FundsCarpooling is ord

Crude Downslide - Why are the Oil Cos Still Bleeding

Posted by CA Prakash Sajnani 04 February 2015 11116 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 12482 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 9750 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 32614 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 25808 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 6032 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.