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CAclubindia Articles


Recognition Of AS-26 - Intangible Assets, Its Accounting Treatment

Posted by ESHA AGRAWAL 06 March 2014 29511 Views

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



Importers issuing Cenvatable invoices requires CE Reg.

Posted by Bimal Jain 06 March 2014 14938 Views

Dear Professional Colleague,Importers issuing Cenvatable invoices require registration under Central Excise & consequential amendments Background:Rule 9 of the Central Excise Rules, 2002 (the Excise Rules) provides the list of pers



Annual Return under Sec.92 of the Companies Act,2013

Posted by CS M.Kurtrala Nathan 06 March 2014 87936 Views

Section 159,160,161,162 & Schedule V deals with the Annual Return & related provisions under Companies Act,1956. But in Companies Act, 2013 all these sections are combined together in one Section namely 92. Every company shall prepar



Schedules under Companies Act,2013

Posted by CS M.Kurtrala Nathan 06 March 2014 114781 Views

Companies Act,1956 Companies Act,2013 16 Schedules 7 Schedules The Companies Act,2013 has skips the following schedules ; Schedule Particulars Remarks IA List o



Recognition Of Intangible Assets, Its Accounting Treatment

Posted by ESHA AGRAWAL 05 March 2014 27667 Views

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

Posted by C.S.SAVEESH.K.V. 05 March 2014 37991 Views

(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?

Posted by CA Nitesh Kumar More 05 March 2014 18217 Views

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

Posted by Arpit Shah 05 March 2014 10966 Views

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

Posted by CA MK Agarwal 05 March 2014 32740 Views

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

Posted by CS M.Kurtrala Nathan 05 March 2014 67557 Views

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




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