CAclubindia Articles

MTM Loss Disallowance - Another opportunity to revisit

Posted by CA S.SAIRAM 26 August 2013 17205 Views

Derivative losses or Mark to Market losses are known to be unreal or notional and hence the taxman hates giving deduction for them. The focus seems to be on distinguishing oneself from the acco

Appointment of Auditor under new Companies Bill, 2013 (Companies Act)

Posted by Ajay Mishra 26 August 2013 280234 Views

The appointment of auditor under new Companies Bill, 2013 has made major changes in appointment procedure and tenure of appointment in comparison to the Companies Act, 1956.

Integrated Reporting

Posted by ACCA India 24 August 2013 26919 Views

Corporate Reporting: The Future of the IR landscape, by Sue Almond, Technical Director at ACCA A new phrase in our vocabulary. The phrase Integrated Reporting or may not be part of the business worlds vocabulary at the moment; b

Prosecution and interest on late deposit of TDS

Posted by CA GOURAV MURARKA 24 August 2013 53765 Views

TDS under income tax is main source of tax collection by the Government. However many times the tax Deductors ,after deducting TDS from specified payments, are deliberately not depositing the taxes so

Time value of money in financial management decision making

Posted by Anand Varma, FCA; FCS. 24 August 2013 136234 Views

Time value of money in financial management decision making 1 Role of a Company Secretary in management of financial instruments A Company Secretary is the key to the efficiency and effectiveness of governance by the Board of Directors. In order t

Service Tax VCES, 2013 - Clarifications

Posted by CA RITUL PATWA 24 August 2013 13314 Views

The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has come into effect from 10.5.2013. Some of the issues raised with reference to the Scheme have been clarified by the Board vide circular No. 169/4/2013-ST, dated 13.5.2013. Subs

Offences & Prosecution Notes under Income Tax Act, 1961

Posted by POOJA CHANDAK 22 August 2013 61149 Views

CONTRAVENTION Contravention of order made under section 132(3) Sec.275A. A person contravening the order made u/s. 132(1) (second proviso) or 132(3),in case of search and seizure, shall

What are the reasons for recent rupee downfall?

Posted by sumit kumar 22 August 2013 34926 Views

Why Rupee is going down? I will try my best to explain in layman's terms, though many aspects may not be that perfect. Yet I am just trying here. Its all over the news. Indian Rupee hit the all-time low mark of 62 rupees against the US dollar

What is relevant date for determining - Rate of Service tax

Posted by Bimal Jain 22 August 2013 11559 Views

Dear Professional Colleague, What is the relevant date for determining the rate of service tax applicable We are sharing with you an important judgement of the Honble CESTAT, Ahmedabad in the case of Commissioner of Central Excise & Servi

Principles of Natural Justice

Posted by RENGARAJ R.K 22 August 2013 22180 Views

PRINCIPLES OF NATURAL JUSTICE- "Audi Alteram Partem" and "nemo judex in causa sua" in Tax matters.Introduction:The principles of natural justice have their roots in two Latin maxims:"Audi alteram partem" and "nemo judex in causa sua". Th