CAclubindia Articles

The Power of Effective Communication

Member (Account Deleted) 16 August 2012 at 11:45

Speaking what the other wants to hear! A short True Story from our pre-historic times: In between the grand lunch, accompanied by Kings of all neighbouring Kingdoms, where the most exquisite and the tastiest foods

Lost Money In Stocks? Use it to Save Tax

CA MK Agarwal 16 August 2012 at 11:45

Lost money in stocks? Use it to save tax An important rule of investing is not to be swayed by market volatility. If you panic and sell your stocks when they are down, you may repent later. However, if the stocks you bought a few months ago are runn

The Role of short term sensations in the long term investment

Ramalingam K 14 August 2012 at 12:00

In the digital age, the current affairs reach our living room 24*7. The power of internet and social media makes the news and rumours spread like a wildfire. Because of this information overload we become so focused on details that we begin to ign

Provisions for Investments by banks

Member (Account Deleted) 14 August 2012 at 11:28

Allowability of provision made by banks for Investment Depreciation Reserve due to MTM for AFS & HFT and amortization of premium on HTM. Many banks are disallowed for the certain deductions which are to be made as per RBI statutory regulat

Reverse Charge Mechanism of Service Tax

CA Prashant Gupta 13 August 2012 at 11:24

Reverse charge mechanism is not a new concept in service tax. Under the reverse charge mechanism, instead of service provider, the service receiver is liable to pay service tax. In that case, the service receiver will register himself with service

CPT- Can Pass Through! :)

Priyavarshini Jagannathan 13 August 2012 at 11:24

*Tring Tring Tring Tring* "Hey 1147/1200. Gethhhh dii" is the EPIC NEWS if my Life which I got when I was in my 12th Grade.! I wasn't happy about it though, as "U missed a CENTUM, by 1 mark in Commerce, by 2 marks in Accountan

Interest on Refund:Ranbaxy Case

vishal mishra 13 August 2012 at 11:24

RECENT CASE OF RANBAXY LABS LMITED v. UNION OF INDIA AND OTHERS[1] : DATE FOR DETERMINATION OF INTEREST ON REFUND UNDER S. 11-BB OF CENTRAL EXCISE ACT, 1944 VISHAL MISHRA INTRODUCTION Under the Central Excise Act, 1944, an assessee can make a cl

Revised Schedule VI - An Overview

Aravind.. 13 August 2012 at 11:24

What is the primary objective of a financial statement? A financial statement is the language of a business through which it communicates. It is a summary of the business performance for a defined period. A summary always req

Interesting Times for Foreign Debt

CA Shail Shah 11 August 2012 at 13:35

INDIA Inc. is for some interesting times with the exchange rate hitting the roof. The Government is doing its bit to attract foreign debt. Be it the announcement made during the Budget exercise or the recent amendments made to the Foreign Exchange l

Service provided by Directors & Security Services

Bimal Jain 11 August 2012 at 13:35

Service provided by Directors and Security Service under partial Reverse Charge: Dear Professional Colleagues, The CBEC has issued following notifications dated August 7, 2012 which are summarised here below for your easy digests: Notification No. 4