CAclubindia Articles

Speeding Economic Mess

Posted by Prashant Singh 04 October 2013 7366 Views

Modern Economic Growth Imagine you are on a supersonic high speed train which cannot be stopped. Everyone on this train is obsessed with high speed. What are your chances of survival? Time is ticking. Modern capitalist econo

Sec 50C - A Double Edged Sword

Posted by CA Rashmi Ainapur 04 October 2013 20804 Views

SEC 50C A DOUBLE EDGED SWORD Sec 50 C of Income Tax Act was introduced by Finance Act 2002, with effect from 01-04-2003 i,e Assessment Year 2004-05. The main intention for introducing Sec 50 C was to curb the movement of unaccounted elemen

XBRL Financial Statements - Requirements in India

Posted by CA sawan kumar 04 October 2013 35460 Views

The following class of companies have to file their Balance Sheet, Profit and Loss Account and other documents as required under section 220 of the Companies Act, 1956 with the Registrar using the Extensible Business Reporting Language (XBRL) taxono

Related Party Transaction, Caluse 188 of New Company Bill

Posted by CA Dhruva Kalamanji 04 October 2013 39489 Views

Related Party Transaction Clause 188 of the New Company Bill, 2012 vis--vis Section 297 of Companies Act, 1956. When the company bill, 2013 has received the consent of the president in the month of August it replaced the

Reverse Charge In Service Tax

Posted by Dhaval 04 October 2013 117963 Views

1 Reverse Charge (Tax Shift) Normally, service tax is payable by person providing the service. Section 68(2) makes provision for reverse charge i.e. making person receiving the service liable to pay

Sans pareil way to improve memory

Posted by gaurav 04 October 2013 11137 Views

Hi All As I delve into my CA final preparations, I have realised the pragmatic part of the the theory always said by me - Revision is the most terrific and Sans Pareil way to improve memory. So exams are nearing in, and everybody is doing their best

CBDT harsh on CA Faternity

Posted by CA Nitesh Kumar More 01 October 2013 28639 Views

CBDT Sub - Extension of submission of time for submitting TAR & ITR 7 reasons: Why should CBDT extend time

A quick view on some of important notified Sections

Posted by Aalok Chhaperwal 01 October 2013 19511 Views

As all we are aware that recently MCA has notified 98 sections and all these notified sections are became applicable from 12/09/2013. Many of the sections of Companies Act, 2013 which have been notified on 12/09/2013 have provisions similar to that

Preparation Strategies for Auditing & Assurance - IPCC Paper 6

Posted by Anurag 01 October 2013 141951 Views

Instead of giving you a blanket statement Study hard etc, I though would give you more strategic insights. There is no assurance that the strategy I enumerate would necessarily work for you in the Auditing paper. However given my pas

Articleship, Studies and your journey of CA

Posted by CA Vijeta Verma 01 October 2013 26483 Views

CA ,a very reputed and doozy course, a very demanding profession, promises a highly challenging but very bright career.But does entering/doing/completing this course in itself g