CAclubindia Articles
Recognition Of AS-26 - Intangible Assets, Its Accounting Treatment
Being a commerce professional the term Intangible Asset is so common, generally we think intangible asset is that asset which we cannot touch, feel, see etc. so according to this meaning prepaid advances is intangible assets as we cannot feel, touch
Importers issuing Cenvatable invoices requires CE Reg.
Dear Professional Colleague,Importers issuing Cenvatable invoices require registration under Central Excise & consequential amendments Background:Rule 9 of the Central Excise Rules, 2002 (the Excise Rules) provides the list of pers
Recognition Of Intangible Assets, Its Accounting Treatment
Being a commerce professional the term Intangible Asset is so common, generally we think intangible asset is that asset which we cannot touch, feel, see etc. so according to this meaning prepaid advances is intangible assets as we cannot feel, touch
Tax Benefit on Housing Loan
(Sec. 24, 80C and 80 EE of Income Tax Act) Repayment of Housing are divided into 2 components1. Repayment of the Principal portion2. Repayment of the InterestSection 80C: Tax benefit on Housing Loan (Principal Amount) The amount paid as Repayment of
How to improve Bank Audit Appointment System?
PRESENT APPOINTMENT SYSTEM: A) Every year, ICAI forward the Bank Branch Auditors Panel to Reserve Bank of India. The said panel was classified into following three lists by RBI:- i. List of auditors stationed at cooling period (applicable to
Practical Aspects of CSR Compliance
Applicability: If the company has Net Worth of Rs. 500 crore In any of the closure of FY in 2013-14, 2012-13 & 2011-12 Turnover of Rs. 1000 crore Net Profit of Rs. 5 crore Then the compa
One Person Company (OPC) - Pros and Cons
With this new concept, small entrepreneurs can set up a one person company (OPC) without sharing their profit with another individual. They can register with just one shareholder with limited regulatory costs and other requirements.
Whistle Blowing / Vigil Mechanism under Sec. 177 of CA, 2013
Introduction:The term whistle-blowing originates from the practice of British policemen who blew their whistles whenever they observed commission of a crime. Whistle blowing means calling the attention of the top management to some wron
SFIO under Sec.211 & 212 of the Companies Act,2013
Introduction:The Serious Fraud Investigation Office (SFIO) is a fraud investigating agency in India. It is under the jurisdiction of the Government of India. The SFIO is involved in major fraud probes and is the co-ordinating agency with the Income T
Annual Return under Sec.92 of the Companies Act,2013
Section 159,160,161,162 & Schedule V deals with the Annual Return & related provisions under Companies Act,1956. But in Companies Act, 2013 all these sections are combined together in one Section namely 92. Every company shall prepar
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