CAclubindia Articles

Forex Market in India

Deepak Surana 20 June 2013 at 11:45

BASIC INTRODUCTION OF INDIAN ECONOMY India has seen a systematic transition from being a closed door economy to an open economy since the beginning of economic reforms in the country in 1991. These reforms have had a far-reaching impact and have h

Credit Reversal on Trading of Flats- Questions that remains unanswered

Pradeep Jain 18 June 2013 at 18:10

Introduction:- This is a court of law, young man, not a court of justice. This phrase by Oliver Wendell Holmes, Jr. is remembered by every person who loses in court of law despite being genuine and working in boundaries of la

Point of Taxation Rules 2011 - Part 1

AMEER SHA 18 June 2013 at 18:10

Hello Friends, This is my first article on this plat form. Please go through it and let me know if there is any misatkes or areas to be improved. Are you able to guess which tax it relates to ??? Excise duty? , Income Tax ? or Service Tax&

Overview of Service Tax Voluntary Compliance Encouragement Scheme, 2013 - Series 1

Bimal Jain 18 June 2013 at 12:16

The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has been implemented with effect from May 10, 2013 with the enactment of the Finance Bill 2013. We have prepared and summarized overview of the Scheme for ease of your un

Two new Excel tricks

CA Rishabh Pugalia (ExcelNext) 18 June 2013 at 12:05

ARTICLE HEADING: 2 EXCEL TRICKS TO IMPRESS Case Study 1: Visualize ratings of employees Application Areas: Feedback/Performance Ratings Techniques required for Solution: Formula =REPT() [Picture 1]: =REPT() formula repeats specified character

Errors in Excel

CA Suraj Lakhotia 18 June 2013 at 12:04

#N/A#DIV/0!.. #NAME?.. #VALUE!.. #REF!.. #NUM! Sounds familiar? These are the errors excel returns when the formula contains an error (#NAME?), the variables dont meet the criterion of the formula (#VALUE!), when the reference is

Service Tax on Builders explained!

Amit Bajaj 18 June 2013 at 12:04

The revenue and the builders have always been at dispute when comes to leviability of service tax on the consideration received in advance by the builders/developers from the prospective buyers of immovable property to be constructed. After the ne

Company Secretary Roles - Management & Policy Making

Manjit Banga 18 June 2013 at 12:04

The demand of Company Secretary course in India is increasing at a very rapid rate. It is mainly because of increasing awareness among the students about this course. Earlier it had not been that widespread as compared to modern times. More and more

Highlights of Companies Bill,2011

Rajat Poddar 17 June 2013 at 11:58

The Bill has 470 clauses and 7 schedules as against 658 Sections and 15 schedules in the existing Companies Act, 1956. The entire bill has been divided into 29 chapters. Following chapters have been introduce

Hedging Loss on FC Forward Contract not Speculation Loss

Ajay Agrawal 17 June 2013 at 11:58

TAX FLASH: CIT v Friends And Friends Shipping Pvt Ltd. - Gujarat High Court S. 43(5): Loss on foreign currency forward contracts by a manufacturer/ exporter is a hedging loss and not a speculation loss FACTS OF T