CAclubindia Articles

Accounting Standard Simplified Part-1

Posted by CA Pallav Singhania 02 January 2014 66805 Views

AS-1 Disclosure of Accounting Policies Significant Accounting Policies followed in preparation of accounts be disclosed at one place along with the financial statements. Any change and financial impact of such change should be disclosed. If

Section 135 of Companies Act-2013 CSR

Posted by CA. Jagdish Sitapara 02 January 2014 127853 Views

Corporate Social ResponsibilityUnder The Companies Act - 2013 Section 135 Applicability: Every company having:-Net worth of ` 500 crore or more, orTurnover of ` 1000 crore of more, or Net profit of ` 5 crore or more,During any financial year shall c

The Anatomy of Controls

Posted by Nishanth 18 May 2021 15696 Views

This was first posted on my website www.theauditschool.com. Every step I take in learning new things about internal controls, audit or risk management, I like to take two steps back to see the basic concepts which I have learnt years back and see

All about Home Loan

Posted by CA Hardik Mehta 02 January 2014 34109 Views

1. For what purposes can I seek a first time home loan?You can generally seek a first time home loan for buying a house or a flat, renovation, extension and repairs to your existing house. Most banks have a separate policy for those who are going for

Inflation can indeed be brought down

Posted by CA Anil Garg 02 January 2014 15203 Views

Ever rising food prices have been hurting everybody in India for last several years, taking sheen out of otherwise spectacular economic growth so much that darling of the world recently during President Obamas visit a few years ago has become

Income Tax on Buyback of Shares

Posted by sudhir.kochhar 17 April 2024 312588 Views

What do you mean by Buy Back of shares?ANSWER: Concept of Buy-Back of SharesThe concept of buy-back is a recent one so far as India is concerned. The Companies Amendment Act, 1999 introduced the concept of buy-back of shares.Buy-back of share

NHB Tax free Bonds- An Insight

Posted by Ashish Kedia 31 December 2013 21412 Views

Very warm Christmas wishes to one and all!! National Housing Bank (NHB) has decided to play Santa this Christmas and has announced an issue of tax free bonds with coupon/ interest rates as under: 10 year 15 Year 20 year

Karniti Part-17: Let's review major 13 tax & law events of 2013

Posted by CA Umesh Sharma 30 December 2013 22619 Views

Lets review 13 major developments in Tax & other laws of 2013Arjuna (fictional character): Krishna, Year 2013 is coming to end and New Year 2014 will begin soon. Time passes so quickly! While discussing various issues on tax laws, we did n

Form C under central Sales Tax Act 1956

Posted by CA Chandra Kishore Bajpai 30 December 2013 666552 Views

In my last article Sale/Purchase--Intra State Vs Inter-State I made an effort to understand the concept of Inter-State Sale/purchase under Central sales Tax Act, 1956 (CST). State Government cannot levy the tax on inter-State Transactio

Stability of Laws is not undesirable

Posted by CA Anil Garg 28 December 2013 26333 Views

If there were to an international survey on stability of tax laws or the absence of it, India should undoubtedly be at the top in absence of it. Governments, both state and centre, work overtime to churn out amendments and new circulars/notifications