CAclubindia Articles

HC directed the revenue to grant interest

Rupesh Srivastava 16 March 2013 at 13:04

HC directed the revenue to grant interest @ 12% on delay in release of seized cash. On 12th March 2013, Hon`ble HC directed the revenue to grant interest @ 12% on delay in release of seized cash Assessee have file writ petition before hon`ble Hi

Salient Features of FCRA

Pravin Gupta CS 15 March 2013 at 12:56

FOREIGN CONTRIBUTION REGULATIONS The Foreign Contribution (Regulation) Act, 2010 has come into effect from May 1, 2011. The Foreign Contribution Regulation Act has come into force under which no political party can receive foreign funds as don

Income for putting Advertisement on your website

CA Neil Ganatra 15 March 2013 at 12:52

Income for putting Advertisement on your website + Section 44AD Nowadays many people are using their own website as the source of their income. The income is for allowing other brands to put advertisements on website. The brands are interested

My Articleship Interview Expereince at Ernst & Young

CA girl 14 March 2013 at 16:49

Dear All, I just wanted to share my interview experience with you all. I really worked hard to get a call from the company as I did not have any references. I applied to the audit division. Initially there was an aptitude test with the follo

Reverse Charge Mechanism: Clarifications still needed

Pradeep Jain 14 March 2013 at 11:29

Introduction:- Around a year back, the budget of previous year proposed the service tax by way of negative list which was implemented w.e.f. 1.7.2012. This is the milestone date which transformed the service tax law by implementi

FAQs on Fast Track Exit Mode

Kumar A. Ranjan 14 March 2013 at 11:29

What is Fast Track Exit (FTE) Mode? Ministry has issued Guidelines for "Fast Track Exit (FTE) Mode" to give opportunity to the defunct companies to get their names struck off from the register under Section 560 of the Companies Act, 1956 i

Why Arbitration is not effective in India?

G S Rao 13 March 2013 at 13:06

Introduction: Courts in India are overburdened with a large number of cases and their disposal takes long time. Therefore a need was felt for a faster dispute resolving mechanism in commercial disputes. Thus Arbitration Act, 1940 was enacted wit

XBRL- Basics

CA Abhishek 13 March 2013 at 11:17

What is XBRL? XBRL is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It provides major benefits in the preparation, analysis and communication of business in

Independent Director's role for effective Board Room!

Kannan Iyappan 13 March 2013 at 11:17

Independent directors are known to bring an objective view in board deliberations. They also ensure that there is no dominance of one individual or special interest group or the stifling of healthy debate. They act as the guardians of the interest

Five Reasons to invest in Debt Funds

Ramalingam K 13 March 2013 at 11:17

Though debt funds have got their own advantages, they are mostly ignored by common investors. Debt funds have got a unique place in your portfolio. Here are five simple situations, in which debt funds can be used by prudent investors. 1) To m