CAclubindia Articles
Internal Audit-Role of Management and Internal Auditor
Internal Audit Role of Management and Internal Auditor in its successful and effective execution WHAT IS INTERNAL AUDIT? Internal Audit as the name implies is an audit which is got carried out by the internal management. Generally internal audit is
Appointment of Cost Auditor
Appointment of Cost Auditor The procedure has been modified by the Cost Audit Branch of the Ministry of Corporate Affairs vide General Circular No. 15/2011 dated 11th April 2011. Difference between new and old procedures of Appointment of Cost
Merilyn Shipping's case analysis with Cal-HC decision
CIT -vs.- Crescent Export Syndicate (ITAT 20 of 2013) (Cal-HC) Brief Facts: The assessee incurred expenditure during the year on which TDS have not been deducted. The AO disallowed the expenditure u/s 40(a)(ia). On appeal, the Tribunal relied on
All about HUF its creation and tax benefit
A HUF is a separate entity for taxation under the provisions of S.2 (31) of the Income Tax Act, 1961. This is in addition to an individual as a separate taxable entity. This indicates that a person may be assessed in two different capacities- as an
Note on changes in companies (Acceptance of Deposits) Rules, 1975
NOTE ON CHANGES IN COMPANIES (ACCEPTANCE OF DEPOSITS) RULES, 1975 In March 21, 2013, Ministry of Corporate Affairs (MCA) has made amendments in provision of Rule 2 of the Companies (Acceptance of Deposits) Rules, 1975, by way of Notifications. T
Authority for advance ruling under State VAT Act cannot give clarifications under CST Act
Andhra Pradesh High court in Prathista Industries Limited vs Commercial tax Officer [2013] 61 VST 58 (AP) has held that Authority for advance ruling under State VAT Act cannot act as Authority for Advance Ruling under Central sales Tax Act, 1956.
Analysis of 20:80 scheme by builders
You all know that sales of residential property are down in every city, the slow down in sales and liquidity problem has forced the all over developers to come with such kind of scheme that can lure the buyer's/ Investors etc and here they are
Restructuring of CA Profession Part VI
9. Please give your expectations from ICAI * 1. First of all; whose suggestions are accepted for the betterment of the profession; should be appreciated by the Institute. An e-mail or letter of appreciation may be sent to him so that each member w
Restructuring of CA Profession Part V
8.How do you describe the various services rendered by ICAI. *1. Services regarding registration of students; supply of study materials and membership related services; there are lot of improvements compared to the past. 2. The publications of
Restructuring of CA Profession Part - IV
B. Training: 1. The entitlement of number of articled clerks to be trained by a member should not be allowed on the basis of number of years in practice only. A reasonable amount of YEARLY FEE EARNED PER ARTICLED CLERK should also be a criteria f
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