CAclubindia Articles

Is Current ratio adequate measure of liquidity?

Posted by RAVITOSH KUMAR 20 May 2013 14184 Views

Liquidity for any organisation is one the measure for its financial condition such as i. whether it will be a going concern in future, ii. how it will pay off it

Every audit objection doesn't lead to Mens rea/ Penalty

Posted by Bimal Jain 20 May 2013 10229 Views

Every audit objection doesn't lead to invocation of extended period and levy of penalty We have summarized the important judgment of the Honble Tribunal in the case of LANDIS + GYR LTD. V. COMMISSIONER OF CENTRAL EXCISE [2013] 32 Taxmann.

Some Ruminations on LBT

Posted by M B Abhyankar 20 May 2013 8211 Views

Some ruminations on LBT Agitation in Maharashtra Traders in cities from Maharashtra are rightfully agitating over proposed introduction of LBT because of their concerns about multiplicity of indirect taxes and related compliances Problems with exis

Entities availing DTAA benefits have to file retun in INDIA

Posted by CA. Anuj Gupta 17 May 2013 20644 Views

Those availing of treaty benefits would now have to file returns of their incomes in India, even if those arent liable to be taxed here. The government has changed the Income Tax Rules, making it mandatory for certain classes of assessees, in

The Primary objective of the corporation: Value Maximization

Posted by Member (Account Deleted) 16 May 2013 25478 Views

The primary objective of the Finance manager is always to increase the wealth of the shareholders in long term. And this objective is also compared with the profit maximization objecti

Selection of Coaching Institute

Posted by CA Suraj Lakhotia 16 May 2013 11298 Views

We are reaching the conclusion of yet another season of ICAI examinations(IPCC and Finals). Soon we will have a batch of candidates completing the CPT exams and enrolling for IPCC. Here comes the biggest questions - Which coaching institute to joi

A CA Student's Saga Part-III

Posted by Member (Account Deleted) 16 May 2013 11375 Views

Hi friends, I am again with my Third Version of my story. I dont know what got me into writing this. But surely it can be a case of with you and me. Its my life involved in this story. I am going to start my story from January 21, 20

Quotes on Income Tax

Posted by CA SURENDRA KUMAR RAKHECHA 16 May 2013 20664 Views

QUOTES ON INCOME TAX : CA SURENDRA RAKHECHA . . READING OF A "SECTION" GIVES DIFFERENCE RESULTS ! . . 1. At First Reading; you will HARDLY understand it. 2. At Second Reading; "SOMETHING" you will understand. 3. At Third Readin

Overview of Revised Format of Auditor's Report

Posted by Rahul Sethia 16 May 2013 54071 Views

Auditors Report is the finale of the professional work of an auditor. It also acts as a means of communication with various stakeholders of the company. After the year 2008, commonly remembered as the year of financial crisis, superior clar

Financial Intelligence Unit (India)

Posted by Reena Kewat 16 May 2013 21609 Views

FINANCIAL INTELLIGENCE UNIT (INDIA) A NEW STEP TO CONTROL MONEY LAUNDERING Introduction Money Laundering has always been a matter of discussion for government of all the countries. Money laundering is the process of conce