CAclubindia Articles

XBRL Correct Tagging vs Incorrect Tagging with Examples

Saurabh Maheshwari 24 January 2013 at 10:45

Hi! Friends greetings of the day to all of you. You are aware that XBRL filing of financial statements by a select class of companies for FY 2010-11 was mandated vide Ministry of Corporate Affairs. The e-forms were duly certified by CA/CS/CMA profe

Corporate Banking - Relationship Management

Vivek Krishnamoorthy 23 January 2013 at 16:38

Corporate Banking as the name implies, refers to the servicing of financial requirements of corporate houses. A relationship manager is the pivot of this department. The role of the Relationship Manager (RM) can be divided into three major areas &nd

Implementation of GAAR - Postponed to April 1, 2016

PRIYANKA WADHAWAN 22 January 2013 at 15:36

Dear All, We are pleased to inform that the Ministry of Finance has decided to postpone the implementation of GAAR and shall be applicable from 1st April, 2016.

Benefit to Implement NFRA to Small CA Firms

Manoj Kumar Gupta 22 January 2013 at 15:36

Everybody is acclaiming that constitution of National Financial Reporting Authority (NFRA) will make professionals more responsible towards wrongdoing. They will bring more stringent rules and policies. They will have the last word on accounting and

Provisions Related to One Person Company

YAshwi 22 January 2013 at 15:35

Concept of One Person Company The Companies Bill,2012 ( hereinafter referred as The Bill) passed by the Lok Sabha introduces a new form of company by the name of One Person Company (hereinafter referred as OPC)

A CA Student's Saga - Part 2

Member (Account Deleted) 22 January 2013 at 15:35

Hi Friends, I am again with my second story on my life and what mistakes I have made while preparing for my CA Final Exams. I hope you guys enjoyed reading my last story A CA STUDENTS SAGA [http://w

TDS - Budget 2013 Wishlist

Shivanand Pandit 21 January 2013 at 13:04

Honorable Finance Minister, could you please boot out tedious TDS? Its that time of the year when you are preparing next years budget for presentation in parliament. Hopefully this Budget is not just an annual exercise but an effort

Centralised Processing of Statement of TDS Scheme, 2013

CA Sourabh Agarwal 19 January 2013 at 15:59

Centralised Processing of Statement of TDS Scheme, 2013 (Notification 3, Date of Issue 15-01-2013) Ministry of Finance has introduced the scheme for Centralised Processing of Statement of TDS on 15th January, 2013 in exercise of powe

MAT - Make it easy

Saurabh Maheshwari 19 January 2013 at 15:59

Normally, a company is liable to pay tax on the income computed in accordance with the provisions of the Income-tax Act, 1961 but the profit and loss account of the company is prepared as per the provisions of the Companies Act, 1956. There were

Recent Changes in GAAR

Rahul Chilal 19 January 2013 at 15:59

Introduction: The Ministry of Finance had come out with General Anti Avoidance Agreement (GAAR) in this buget. But due to its opposition from many quarters especially the FIIs(Foreign Institutional Investors), Government formed a expert Com