CAclubindia Articles

Accounting Standard 2 simplified

Posted by Siddharth Kadakia 12 September 2013 116357 Views

Introduction Why is valuation of inventory so important? From a lay mans perspective there can be two reasons. Firstly since the closing stock of the previous year becomes opening stock of the current year and it goes because of the going c

The value of goods supplied or provided free by a service recipient

Posted by RENGARAJ R.K 12 September 2013 59308 Views

The value of goods supplied or provided free by a service recipient under construction of commercial or industrial complex service, do not comprise the Gross amount under Notn.no.15/2004. Landmark judgment. Introduction: In a landm

Work carried out on lump sum basis is not supply of Manpower

Posted by Bimal Jain 12 September 2013 65186 Views

Dear Professional Colleague, Work carried out on lump sum basis does not falls under supply of manpower services We are sharing with you an important judgement of the Honble CESTAT in the case of M/s. Shri Bileshwar Khand Udyog Sahakari Mand

Practical approach for Professional Course with Self study: Part-1

Posted by CMA Ramesh Krishnan 12 September 2013 20770 Views

Practical approach for Professional Course with Self study (Part-1) Introduction: In the present competitive scenario, doing professional course is the basic requirement for any career field, even after completion of graduation and joining with so

What India needs to cure its economic ills - today and always

Posted by Anand Varma, FCA; FCS. 10 September 2013 6822 Views

1 Growth not at any cost There is a general perception that the main cause of present economic crises in India is due to faltering growth rate (fall from 9% to less than 4.5%). It ap

Karniti Part 1 - Taxation Educational exp. under income tax

Posted by CA Umesh Sharma 10 September 2013 13202 Views

In The Mahabharata on the Battlefield of Kurukshetra, the conversation between Lord Shri Krishna and Arjuna gave birth to the Holy book Bhagwat Gita Wherein Arjuna asked many

Whether 15CA/15CB will be required for import of goods

Posted by CA. Anuj Gupta 10 September 2013 66477 Views

The amended rule 37BB (governing Form 15CA and CB) as applicable from 01/10/2013 provides for exemption from filing both Form 15CA and 15CB only for two cases:- 1. In the items covered under the Specified List (28 items which includes remittances fo

Applicability of Form 15CA and 15CB w.e.f 01/10/2013

Posted by CA. Anuj Gupta 10 September 2013 161144 Views

CBDT has again changed the Rule 37BB of Income Tax Rule and \the new rule will help the Indian Parties remitting/paying the monies to foreign persons/companies. Now it has been provided that in case of 28 types of payments , there shall be no need

CARO 2003

Posted by Anurag 10 September 2013 130648 Views

Companies (Auditors Report) Order, 2003 (CARO, 2003) All companies including a foreign company as defined u/s 591 Banking companies, insurance companies and Section 25 companies = Exempt Private companies fulfilling certain conditions

What is a One Person Company?

Posted by CA Abhishek Malpani 22 April 2021 49133 Views

The recently enacted Companies Act 2013 has introduced us to a new form of business organisation in the country, viz., One Person Company (OPC). OPC is a significant and innovative idea of an organisation model.