CAclubindia Articles
Focus on protecting transaction - Companies Act 2013
ACCOUNTS OF COMPANIESIntroductionCompanies act, 2013 lays down the broad framework, detailed procedure is prescribed in rules covering 60%/70% of the working of the act. Companies act, 2013 has recognized the fact of term control
Tips to Avoid Corruption: Indirect Taxes
The last decade has seen the move towards usage of technology by the tax authorities and the traditional examination of statutory records has been gradually fading away. However the corruption in the local VAT / Excise offices across India as well as
Audit By Dept. Officers- CAG- Are they legal?
The Central Excise as well as Service Tax have been amended post liberalization to follow the self assessment scheme. It means that the return is accepted as correct. However as a check against filing incomplete, incorrect, faulty returns there are p
Service Tax Implications of Plotted Development
In this article we would examine what would be the effect of some services activity conducted in the course of a sale of immovable property in general and development of plots in particular. Consequently the impact of service tax. We also examine th
Technology in CA Education, E-Learning, Satellite Learning, Social Networking sites
Education is not just a word, its a base for everything that makes a person successful, from a daily labourer to the president of the country, everything is based on education. And therefore it is very important that it flows via proper medium
Are we Financially Literate?
Are we Financially Literate?Whenever the term money comes towards us we started to ponder and swagger our rationalism, but we are not sure that are we really literate about money or not
Reverse Mortgage: Advantages and Drawbacks
Senior Citizens are an increasing component of the Indian Society and dependency in old age is increasing in the country. While on the one hand, there is significant increase in longevity and low mortality, on the other hand, cost of good health
Nostro, Vostro and Loro Accounts in Foreign Transaction
Foreign currency means any other currency other than the home currency, so if we say with reference to the above example foreign currency means any other currency other than Rupee for India, Pound Sterling for UK and US Dollar for USA.
Forex - Parity Relationship - Part 3
Hello Friends,First of all thank you so much for your support and lovely response.In earlier parts of Forex we saw some basics of Forex, in this part we will move to Parity relationships, I will try my best to simplify , hope you will understand.Plea
Interpretation of 'month' as per the IT Act 1961
A 'month' under the Income Tax Act,1961 - An English Calendar monthOR a lunar month of 30 days?You may be knowing that full interest is being charged for delayed remittance of tax for a part of a month (of the English Calendar, interpreting
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