CAclubindia Articles

Successive presentation of Cheque and Cause of action

Posted by G S Rao 16 October 2012 22269 Views

Introduction: Recently Supreme court bench consisting of Justices RM Lodha, TS Thakur and Anil Dave delivered its judgment in MSR Leathers v S. Palaniappan & Anr (MSR Leathers) holding that a payee or holder of a cheque can now issue a statu

Works contract service after negative list - Part I

Posted by Amit Bajaj 16 October 2012 75160 Views

Service portion in the execution of a works contract has been declared as service u/s 66E after the introduction of negative list. That means works contract service per se is not a service but it is a service because it has been declared to be a se

Service Recipients obligations under reverse charge

Posted by MOHAMMAD SALIM 16 October 2012 80945 Views

The Ministry of Finance (Department of Revenue), Government of India has made certain changes and brought certain additional items of services under the ambit of reverse charge mechanism where the service recipient is liable to pay tax. Till 30th

Point of Taxation Rules, 2011 - An Overview

Posted by Member (Account Deleted) 16 October 2012 19529 Views

Why we determine Point of Taxation ? point of taxation mean the point of time when a service shall be deemed to have been provided. so service provider can pay service tax by the 5th day & 6 th day of month/ quater as thecase may be Rule1 :

Corporate Govenrance

Posted by Vivek Mehta (CA, DISA,CS, MBA) 16 October 2012 11342 Views

Introduction The root of the word Governance is from GUBERNATE which means to steer i.e. to direct the course & the word Corporate Governance would literally means to direct the course of the corporate. Corpo

Planning (An essential tool for study)

Posted by *RENU SINGH * 15 October 2012 14893 Views

Planning :- After covering the basic aspects now its time to look ahead. So lets get back to the drawing board. After over viewing our whole strategy now its time for precise plan. Less than 15 days are left in October to fini

ERP Implementation (My experience - part I)

Posted by Ki$hor B 15 October 2012 20068 Views

ERP is the abbreviation for Enterprise Resource Planning. There are an array of ERPs to choose from such as SAP (the daddy of all ERPs), BAAN, Oracle Financials, Navision, Xapta, Integrated Business Solutions and the list could be endless. Entity ch

Understanding the US GAAP with Indian GAAP

Posted by Manish Kumar Agarwal 15 October 2012 97414 Views

With the globalization and advancement of India, Indian accountant professionals(IAP) are not only required to follow the India AS but also required to follow the US GAAP, as many MNC are doing the accounting job from India and IAP are not require

Good Things are not Accidental

Posted by Yogesh 15 October 2012 13308 Views

I believe that good things come to those who work. -Wilt Chamberlain Good things are not accidental: If you are supposed to secure first position in exam you have to work hard or study day in day out, it cant happen just bec

Short Note on Financial Analysis and Planning

Posted by Ajay Mishra 15 October 2012 33978 Views

The basis of financial analysis, planning and decision making is financial information. A firm prepares final accounts viz. Balance Sheet and Profit and Loss Account providing information for decision