CAclubindia Articles

Understanding Government Budget Deficits

Posted by CA Surbhi Singhal 15 January 2014 18705 Views

In recent times, various forms of budget deficit have been in news due to different reasons, primarily how they are haunting the Indian economy. Most of us know that they are a problem for the economy, but do not know what they actual

How To Start An Audit For Beginners

Posted by Ankit Aryal 15 January 2014 124964 Views

HOW TO START AN AUDIT AND TAKE IT TO A CONCLUSION Ankit Aryal

How to proceed with Tax Audit - An Overview

Posted by Vignesh A. 15 January 2014 29536 Views

Let us consider the following questions : Objective of Work? Where to start? How to Proceed? What to Check & document in working paper file? Knowledge base / Study paper? Tax Audit :1. Objective:In cas

Manage Change brilliantly

Posted by Shivanand Pandit 15 January 2014 19229 Views

Manage CHANGE brilliantly Change is always tough. Something familiar is destroyed. Something unknown comes along. Nobody likes change except a baby with a dirty diaper. As someone rightly said Everybodys going to have to change. You

Replacing all taxes with banking transaction tax !

Posted by CA Anil Garg 10 January 2014 54623 Views

In prelude to General Elections, several radical ideas are being circulated. Baba Ramdev is believed to have propounded this idea, supported by Gadkari and finally, endorsed by Modi, though they have not committed to it as yet. Let us examine the mer

Eligibility of Input Service Credit - Sales Commission

Posted by Madhukar N Hiregange 09 January 2014 63923 Views

The cenvat credit scheme is a beneficent legislation and allows for credits used for manufacture or service. Sales commission is paid for the following reasons: market creation/development, advertisement, sales promotion activities, identifying poten

Loans to directors sec 185 (295 of old act)

Posted by sachin pathak 09 January 2014 56214 Views

Loan to directors, etc. (Section 185 refer old act Section 295)This section was commenced on 12 September 2013. It is form the old Section 295 of the Companies Act 1956185. (1) Save as otherwise provided in this Act, no company shall, directly or ind

Short-comings of Safe Harbour Rules

Posted by Mihir Manohar 09 January 2014 20083 Views

In this article I have made an attempt to highlight the shortcomings of Safe Harbour Rules of India. Smog prevailing on the conditions of Insignificant Risks.Safe Harbour rules in one segment are applicable to Assesses extending Loans t

CAS - 4 and Rule 8 of Central Excise Valuation

Posted by Ayyswariya RG 08 January 2014 146438 Views

Hi all, This article is going to be on CAS-4 (Cost Accounting Standard 4) issued by the Council of the Institute of Cost and Works Accountants of India along with the Guidelines on cost of production for captive consumption (Under Rule 8 of the Centr

Provisions relating to Acceptance of Fixed deposits

Posted by G S Rao 08 January 2014 64396 Views

Introduction: Companies normally raise funds through issue of Equity/preference shares, debentures, commercial papers and inter corporate loans. Fixed deposits are also one of the instruments available to a company to raise funds to meet its short te