CAclubindia Articles

Appointment of Auditor under new Companies Bill, 2013 (Companies Act)

Posted by Ajay Mishra 26 August 2013 280298 Views

The appointment of auditor under new Companies Bill, 2013 has made major changes in appointment procedure and tenure of appointment in comparison to the Companies Act, 1956.

MTM Loss Disallowance - Another opportunity to revisit

Posted by CA S.SAIRAM 26 August 2013 17247 Views

Derivative losses or Mark to Market losses are known to be unreal or notional and hence the taxman hates giving deduction for them. The focus seems to be on distinguishing oneself from the acco

Service Tax on Banking Services

Posted by CA.R.Jeyarajan 26 August 2013 75936 Views

SERVICE TAX ON BANKING AND FINANCIAL INSTITUTION BANKING SERVICES INTRODUCTION Bankers acts as an agent by conducting checking of current accounts for customers, paying cheques drawn on customers of the bank, collecting cheques deposited

Budgeting and Decision Making

Posted by CA.R.Jeyarajan 26 August 2013 14449 Views

BUDGETING INTRODUCTION: The most common method of creating a budget is to simply print out the financial statements, adjust historical expenses for inflationary increases, add some projected revenue adjustments and the instant budget is ready. The

Convergence of Accounting Standard

Posted by Mohit Lohia 26 August 2013 47284 Views

By all account well by most account its a done deal. After years of planning, world is heading towards convergence of accounting standard. It refers to the goal of establishing a si

Service Tax VCES, 2013 - Clarifications

Posted by CA RITUL PATWA 24 August 2013 13337 Views

The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has come into effect from 10.5.2013. Some of the issues raised with reference to the Scheme have been clarified by the Board vide circular No. 169/4/2013-ST, dated 13.5.2013. Subs

Time value of money in financial management decision making

Posted by Anand Varma, FCA; FCS. 24 August 2013 136262 Views

Time value of money in financial management decision making 1 Role of a Company Secretary in management of financial instruments A Company Secretary is the key to the efficiency and effectiveness of governance by the Board of Directors. In order t

Prosecution and interest on late deposit of TDS

Posted by CA GOURAV MURARKA 24 August 2013 53798 Views

TDS under income tax is main source of tax collection by the Government. However many times the tax Deductors ,after deducting TDS from specified payments, are deliberately not depositing the taxes so

Integrated Reporting

Posted by ACCA India 24 August 2013 26962 Views

Corporate Reporting: The Future of the IR landscape, by Sue Almond, Technical Director at ACCA A new phrase in our vocabulary. The phrase Integrated Reporting or may not be part of the business worlds vocabulary at the moment; b

Bitcoin - Something New

Posted by SATISH JAJANI 22 August 2013 9996 Views

Introduction:Making payment is one of our routines and its mode has changed very drastically. Initially there was barter system then we moved from gold/silver coins for making payments, to paper currency, plastic money and finally electronic payment.