CAclubindia Articles

Service tax on Director's remuneration payable by companies

CA Meenu Garg 18 August 2012 at 12:14

All the companies are required to pay service tax under reverse charge on any remuneration paid to its directors whether in the form of money or otherwise and thresh hold limit of Rs. 10 lakhs will not be applicable on such case. As per the ame

Transfer Pricing & Role of Company Secretaries

Jinesh Bhagdev 18 August 2012 at 12:14

A Company Secretary holds a key position in any Company as the Compliance Officer of the Company. A Company Secretary is responsible for all regulatory compliances of Company. A Company Secretary supervises the finalization of Annual Accounts of a

Preparation Tips for IPCC Exams

sureshraj 17 August 2012 at 11:24

Hellow students my name is suresh, first of all i am happy to express my heartiest congratulations those who achieved sucess in May 2012 IPCC examinations and let me wish them all the best in thier future activities.so my dear students who got negit

Functional Currency under IFRS and its Implementation

Sanjay Chauhan (IFRS) 17 August 2012 at 11:24

This article covers the Functional Currency aspect differentiating with Presentation Currency as laid in Ind AS 21 i.e. IAS 21, which is totally new concept when India converges to IFRS. Introduction India has laid do

Gold Mutual Funds

Sathya Sankeerth K N 17 August 2012 at 11:23

A gold mutual fund is like a mutual fund backed by gold as the underlying asset and would be held mostly in demat form. An investor would get a securities certificate issued by the mutual fund running the Gold Mutual Fund defining

The Power of Effective Communication

Member (Account Deleted) 16 August 2012 at 11:45

Speaking what the other wants to hear! A short True Story from our pre-historic times: In between the grand lunch, accompanied by Kings of all neighbouring Kingdoms, where the most exquisite and the tastiest foods

Lost Money In Stocks? Use it to Save Tax

CA MK Agarwal 16 August 2012 at 11:45

Lost money in stocks? Use it to save tax An important rule of investing is not to be swayed by market volatility. If you panic and sell your stocks when they are down, you may repent later. However, if the stocks you bought a few months ago are runn

The Role of short term sensations in the long term investment

Ramalingam K 14 August 2012 at 12:00

In the digital age, the current affairs reach our living room 24*7. The power of internet and social media makes the news and rumours spread like a wildfire. Because of this information overload we become so focused on details that we begin to ign

Provisions for Investments by banks

Member (Account Deleted) 14 August 2012 at 11:28

Allowability of provision made by banks for Investment Depreciation Reserve due to MTM for AFS & HFT and amortization of premium on HTM. Many banks are disallowed for the certain deductions which are to be made as per RBI statutory regulat

Reverse Charge Mechanism of Service Tax

CA Prashant Gupta 13 August 2012 at 11:24

Reverse charge mechanism is not a new concept in service tax. Under the reverse charge mechanism, instead of service provider, the service receiver is liable to pay service tax. In that case, the service receiver will register himself with service