CAclubindia Articles

Corruption R.I.P: My ideas to end corruption in India

Posted by Vignesh Killur

08 October 2013 8796 Views

Connect all Government Departments, both State and Central and bring them under a common software platform (ERP) and also standardize and bring uniformity to their method of worki

Audit Working Papers - CA IPCC

Posted by Anurag 08 October 2013 42753 Views

Audit Working Papers (M10, N11, M07, and N12) Theme If you havent documented, you havent performed SA 230 Audit Documentation (N08) Utility: Documen

Audit Trail in EDP: Audit CA IPCC

Posted by Anurag 05 October 2013 28738 Views

Audit Trail in EDP (N04) Audit is doable if one can relate one-to-one basis, the original input along with the final output a) In some situations, output is as complete and as detailed as in any manual system. E.g. Detailed calc

Important Things to do when you are about to write exams

Posted by CA Vijeta Verma 05 October 2013 34494 Views

As October is already started ,its only a month left to prepare your best to give your best to get best r

PPP - Public Private Partnership /Profit for Private Partner

Posted by Nikhil Kaushik 04 October 2013 10814 Views

PPP Public Private Partnership or Profit for Private Players?? Role of Drafting A few days ago a friend at CaClubIndia asked a query for improving drafting skills. I delved on his query before formulating my response to it. In our profes

Speeding Economic Mess

Posted by Prashant Singh 04 October 2013 7387 Views

Modern Economic Growth Imagine you are on a supersonic high speed train which cannot be stopped. Everyone on this train is obsessed with high speed. What are your chances of survival? Time is ticking. Modern capitalist econo

Sec 50C - A Double Edged Sword

Posted by CA Rashmi Ainapur 04 October 2013 20843 Views

SEC 50C A DOUBLE EDGED SWORD Sec 50 C of Income Tax Act was introduced by Finance Act 2002, with effect from 01-04-2003 i,e Assessment Year 2004-05. The main intention for introducing Sec 50 C was to curb the movement of unaccounted elemen

XBRL Financial Statements - Requirements in India

Posted by CA sawan kumar 04 October 2013 35484 Views

The following class of companies have to file their Balance Sheet, Profit and Loss Account and other documents as required under section 220 of the Companies Act, 1956 with the Registrar using the Extensible Business Reporting Language (XBRL) taxono

Related Party Transaction, Caluse 188 of New Company Bill

Posted by CA Dhruva Kalamanji 04 October 2013 39502 Views

Related Party Transaction Clause 188 of the New Company Bill, 2012 vis--vis Section 297 of Companies Act, 1956. When the company bill, 2013 has received the consent of the president in the month of August it replaced the

Reverse Charge In Service Tax

Posted by Dhaval 04 October 2013 117990 Views

1 Reverse Charge (Tax Shift) Normally, service tax is payable by person providing the service. Section 68(2) makes provision for reverse charge i.e. making person receiving the service liable to pay