CAclubindia Articles

Same activity is not as Manufacture & Service at a time

Posted by Bimal Jain 21 October 2013 7456 Views

Dear Professional Colleague, Same activity cannot be considered as manufacturing and service at a time We are sharing with you an important judgement of the Honble CESTAT, New Delhi, in the case of Jubilant Industries Limited Versus CCE, Ghaz

Significance of Minutes of meetings and principles to be observed while drafting: Part-II

Posted by G S Rao 21 October 2013 16548 Views

Introduction: In my previous article (Part-I), a detailed analysis was made of the provisions of Section 118 of the Companies Act,2013(The Act,2013 or Act )and rules applicable to maintenance of minutes in electronic form. The topic of minutes wil

Section 194H - Principal and Agent Relationship?

Posted by CA Dhruva Kalamanji 21 October 2013 15791 Views

Section 194H Principal and Agent Relationship? In the normal course of business, to gear the sales the manufacture will give many types of incentives (in the form of commission or brokerage) and discount to his dealers. The very

Provisions of Companies Act 2013 (Along with Draft) Relating to Audit & Auditors

Posted by CS DHANAPAL 17 October 2013 77204 Views

Companies Act, 2013 has been published in the official gazette for public information and will become applicable once the Ministry of Coprorate Affairs (MCA) notifies it. Accordingly, MCA has notified 98 sections of the Act on 12th September 2013 fo

The 7 Laws of Clearing CA Exams - 2

Posted by Nitin Soni 16 October 2013 62562 Views

First thing first. I am overwhelmed with the kind of response my previous article The 7 Laws of Clearing CA Exam got. Almost 10,000 view and more than 100 comments. Wow! Thank you friends for appreciating my effort. When I wrote the

Preparing for Government Audit

Posted by Anurag 16 October 2013 22112 Views

EXPENDITURE AUDIT (M99,M07)(N01,N03,N06)(N11) Audit against Rules &Orders(M08) Is expenditure = in conformity with statutory provisions and financial rules and regulations? Functio

Few thoughts on Income Tax Scrutiny Provisions

Posted by Mahesh Kapasi 16 October 2013 22641 Views

Few thoughts on Income Tax Scrutiny Provisions is it Income scrutiny or Expenditure one! Once upon a time there was an Expenditure Tax it was so unpopular that government had no option but to withdraw it. Now indirectly it is in vogu

Audit Report for CA IPCC

Posted by Anurag 16 October 2013 28525 Views

AUDIT REPORT Draft an illustrative Audit Report u/s 227 of the Companies Act, 1956, with a few qualifications. Annexure u/s 227(4A) is not required. In this situation, we depict a case where the auditor was unable to obtain su

Services in relation to Adhaar Card: ST

Posted by Vishal 15 October 2013 25197 Views

Unique identification project (Aadhaar Card) was initially conceived by the Planning Commission as an initiative that would provide identification for each resident across the country and would be used primarily as the basis for efficient delivery

Karniti Part-6: Taxation of Political Parties under Income Tax

Posted by CA Umesh Sharma 15 October 2013 13175 Views

Arjuna: Krishna, In India now a days election is the topic of discussion among all. Lord Krishna: Just now all have celebrated Vijayadashmi and Festive season is g