CAclubindia Articles

Unfortunate that Professionals have certified

Posted by Venkateswara Rao Sapare 20 October 2012 17839 Views

Dear Readers, I am sorry to come out with filling unpalatable information. A random scrutiny of XBRL filing of financial statements by few companies to MCA for FY 2010-11 reveals significant variations in disclosures in published results an

Tax collection at source: An Introduction

Posted by Tony John 20 October 2012 119121 Views

Tax in simple words refers to a compulsory contribution made to the government on a product, income or activity. The government uses the revenue from taxes to discharge the duties it has towards the people. I would like

10 consequences of Non-compliance with TDS provisions

Posted by CA Manish 19 October 2012 50828 Views

Non-compliance with TDS provisions can result in: 1. Disallowance u/s. 40(a) (ia) of Income Tax Act, 1961 (Act). 2. Raising of demand u/s. 201(1) of the Act. Reason: - Where any perso

Circulars not binding on the Assessee - A Practical Analysis

Posted by Saurabh Maheshwari 19 October 2012 28028 Views

HI! Friends and respected seniors, greetings of the day to all of you. Introduction- The revenue Departments have been empowered to issue circulars to clarify the position of law and these circulars are binding on the department(except CIT Appeals

NPA - Non Performing Assets

Posted by Member (Account Deleted) 18 October 2012 265388 Views

DUE AND OVERDUE Any amount becomes due on the fixed time of payment. It becomes overdue if it is not paid on that due date. In the same manner in customer banker relationship any amount due to the bank under a

Salient Features of Reverse Mortgage

Posted by CA Dimple Thacker 18 October 2012 17039 Views

At reaching old age if you have not any regular source of income or which does not meet the rising cost of living, it is very difficult to live. Also at this age to work and earn can make life miserable. Even there are many cases

Notes on Amendments in provisions applicable to directors in last two years

Posted by Ajay Mishra 17 October 2012 44868 Views

In last two years, Ministry of Corporate Affairs (MCA) has made many amendments/changes in provisions relating to directors of the company under the Companies Act, 1956

Finalization of Balance Sheet (Part - III)

Posted by SANYAM ARORA 17 October 2012 60226 Views

Greetings of the day to all the members of CCI Family. So friends this is the final part of my series i.e. Finalization of Accounts. The links of my previous Article are given below:- FINALIZATION OF BALANCE S

How to Earn from Personal Loans

Posted by prashant.agwl@gmail.com 17 October 2012 18843 Views

Executive Summary: Personal loan by some school of thoughts is considered to be untouchable due to its many disadvantages, but some amount of financial modeling can make this very product very useful in number of ways i.e. Liquidity, Return, and

Various methods of Project finance

Posted by Sumit Jaiswal 17 October 2012 209745 Views

Introduction: For whom is it important to understand project finance? Financial managers Sponsors Lenders Consultants and practitioners Project managers Builders Suppliers Engineers. Researchers Students.