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Banking: All about cheques speed clearing
Question 1 What is Speed Clearing? AnswerSpeed Clearing refers to collection of outstation cheques (a cheque drawn on non-local bank branch) through the local clearing. It facilitates collection of cheques drawn on outstation core-banking-enabled
Role of a Chartered Accountant as a preparer of XBRL
We as accountants need to understand how to interpret the taxonomy, which does not necessarily include understanding XML language and its semantics. As accountants we should be able to appropriately link each element of the financial statements to th
Service PE- Centrica India Offshore Judgement- Anlaysed
SERVICE PE- Critical Observations on Judgement in Centrica India Offshore (P) Ltd. Facts:- Centrica Plc, a company incorporated in UK, along with foreign subsidiaries in Canada, collectively referred to as Overseas Entities were engaged
Export Promotion Capital Goods (EPCG) Scheme
Definition: EPCG Scheme has been introduced in India to promote import of capital goods for production of output which is exported. Eligibility Criteria Mainly:Scheme covers manufacturer exporter,
Here comes the Exam Time
As the CA-intermediate exams are around the corner, many students must be feeling really nervous. I would like to tell all the students who are appearing for the exams that this is the best time of the year, now I know the reaction, all of you must
How to Study in Last Few Days before Exams
First, Plan your days. Keep two days before exams for the first paper Second, You are left with another twelve days. Divide the twelve days into two parts which gives you 24 parts. Third, You will need to divide the parts for each subjects. Suppos
Procedure laid down under N I Act for trial of 138 cases and Supreme Courts recent directions
Introduction: Indian Banks Association filed a PIL in Supreme court for issuance of directions to all courts in the country for mandatory compliance of Section 143 of Negotiable Instruments Act, 1881(Referred as NI Act) read with provisions of Sectio
Forensic Accounting: A Career Path
INTRODUCTIONForensic Accounting has existed for many years. Also known as Investigative Accounting, forensic accounting is a detailed examination and analysis of financial documents and records for us
FAQs on Section 185 along with planning
Q1: What are the prohibitions on sec 185? Ans: No company can directly or indirectly advance loan to its directors or to other persons in whom directors are interested. No company can give any
Karniti Part- 36: What is "HUF" (Hindu Undivided Family)?
Arjuna (Fictional Character): Krishna, What is mean by HUF Hindu Undivided Family under Income Tax Act?Krishna (Fictional Character): Arjuna, Generally in India mother, father, son and
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