CAclubindia Articles

SC explains distinction b/w Sales and Works contract

Posted by Bimal Jain 19 May 2014 9588 Views

Dear Professional Colleague,SC explains distinction between Contract for sale of goods and Works contract We are sharing with you an important judgement of the Honble Supreme Court of India, in the case of Kone Elev

Sec 87A-A small Rebate to Resident Individuals

Posted by CA Prashant Gupta 16 May 2014 42304 Views

Sec 87A- A small Rebate of income-tax to Resident Individuals.In Budget 2013 Finance Minister Mr. P. Chidambaram choose a middle way to give benefit to small tax payers and save a big amount of tax for tax revenue by neglected bigger slab tax payers

Taxation on transaction of supply of food - A Sale or a Service?

Posted by CA.TARUN K AGARWALLA 16 May 2014 24707 Views

Food is a basic need for a living being and any levy of additional cost on the same is always a matter of dispute. Taxation levied or collected directly or indirectly on the food even though collected by state is always a matter of discussion. Food a

Corporate Facts

Posted by Member (Account Deleted) 15 May 2014 13239 Views

While working in a corporate culture, you may face very idiotic situations where you will find yourself so depressed and it will give you a sign of job dissatisfaction. One who wants to sustain in industry for longer time then it is utm

Banking: All about cheques speed clearing

Posted by Ketan 15 May 2014 16460 Views

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

Posted by CA RAHUL RAY 15 May 2014 16127 Views

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

Posted by MOHIT JAIN 14 May 2014 10618 Views

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

Posted by CA. Dashrath Maheshwari 14 May 2014 51099 Views

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

Posted by Deepika Agarwal 14 May 2014 17659 Views

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

Posted by CA Rajesh Pabari 14 May 2014 30190 Views

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