CAclubindia Articles

Professional Opportunities for CAs in International Trade

Posted by Rajkumar Adukia 13 March 2014 22169 Views

INTRODUCTION Interdependence is indispensable. International is referred to as ‘relating to or involving two or more nations’ and trade as ‘commercial, industrial or professional dealings’. Hence the term International Trade r

An Overview of Corporate Social Responsibility

Posted by Rajkumar Adukia 12 March 2014 11990 Views

Origination of Corporate Social Responsibility Corporate Social Responsibility (CSR) is associated with the conduct of corporations and in particular whether corporations owe a duty to stakeholders other than shareholders. While the phrase Cor

Caro and its clauses which needs reporting by auditor

Posted by vipin verma 12 March 2014 72889 Views

The central government come out with these extra reporting requirements to ensure that the auditor should check and report on the matters mentioned in CARO for ensuring smooth working of company.Co

Limited Liability Partnership form of Business Organisation

Posted by Rajkumar Adukia 12 March 2014 30009 Views

Meaning of Limited Liability Partnership (LLP) A Limited Liability Partnership (LLP) is a body corporate, with a distinct legal entity separate from that of its partners. It has perpetual succession and a common seal. A LLP, which is a separate legal

Karniti part 27: Pay as you earn - Advance Tax

Posted by CA Umesh Sharma 11 March 2014 10354 Views

(March Ending Special Part 2)PAY AS YOU EARN Advance Tax Arjuna (fictional character): Krishna, before 15th March last installment of advance tax will have to be paid. What precautions taxpayers should take? Krishna (fictional character):

No Service Tax leviable on Chit Fund Business

Posted by Bimal Jain 11 March 2014 18894 Views

Dear Professional Colleague,Chit fund business constitutes transaction in money and not liable to service taxRecently, the Honble Supreme Court of India, dismissed the SLP filed by the Union of India against the judgment of the H

Surveys under the Income Tax Act - Certain Aspects

Posted by Guest 10 March 2014 14603 Views

The search and survey operations conducted by the Income tax department, commonly known as Income tax raids (raids), has always been one of the worst nightmares of businessmen, high earners and corporates. Some reasons for this fear bei

Currency Fluctuation - Determinants and Effects

Posted by CA Surbhi Singhal 10 March 2014 10988 Views

Currency fluctuation is a phenomenon that is important to understand due to various reasons. At the very outset, it may not seem necessary for individuals who have no export or import business, or for the ones who are not planning a t

Notice from Income Tax Department

Posted by CA. Brijesh Baranwal 10 March 2014 33548 Views

One of the biggest worries of income tax payers is getting notice from Income Tax Department. The Department issues notices under various provisions of Income Tax Act. The purpose of the same is to ensure greater tax

AS - 30,31,32 The Terror Begins

Posted by Priya Agarwal 10 March 2014 48159 Views

Hedging the Risk: AS 30, 31, 32 instrumentsI have tried to summarize the topic a lot and then reached to this Short cum Lengthy Article :D. I hope it will help.This AS came into effect in respect of accounting period commencing on or after 1-04-2009