CAclubindia Articles

Accounting Standard 1 simplified

Posted by Siddharth Kadakia 09 September 2013 103607 Views

Accounting Standard 1issued by ICAIDisclosure of Accounting PoliciesIntroduction:The standard deals with what, where, which and how accounting policies should be disclosed. The accounting policies are set of principles, methods and procedures applied

Summary of Chapter VI A - Part 1

Posted by POOJA CHANDAK 09 September 2013 62804 Views

CHAPTER VI-A SIMPLIFIED Applicable for F.Y. 2012-13 Sections- from 80A to 80GGC Deduction under Chapter-VIA is not allowed against following incomes: Long Term Capital Gains. Short Term Capital Gains u/s.111A Winnings from lotteries, crossword

Where will the Rupee go from here?

Posted by Arup Chakraborty 07 September 2013 10826 Views

This perhaps is the billion dollar question and many economists are probing for an answer while Government of India is looking for short term measures to stabilize its currency depreciation. The market did give a sentimental boost to the appointment

Cenvat not to be denied on mere non payment by Supplier

Posted by Bimal Jain 07 September 2013 11311 Views

Dear Professional Colleague, Assessee not expected to verify with Department in order to avail Ce

Role of a Cost & Management Accountant

Posted by MAHESH KUMAR 06 September 2013 64005 Views

Backgrounder: Ministry of Corporate Affairs: With multi-product manufacturing and distribution ventures being the order of

64 Tax Audit Problems & Solutions

Posted by CA Nitesh Kumar More 05 September 2013 106277 Views

TECHNICAL ISSUES - FAQ BY ICAI 1. PROCEDURE TO UPLOAD TAR

How to price your products in a marketplace and customer tips

Posted by Anand Varma, FCA; FCS. 04 September 2013 9358 Views

How to price your products in a marketplace and customer tips 1 Introduction How you set your prices can have a host of implications for your business. Not every price you set needs to maximize your margins. Many small businesses use price to comp

Note on Forfeiture of Shares - Part I

Posted by Ajay Mishra 04 September 2013 65511 Views

Introduction To forfeit means to lose the right to, be deprived of; to lose or become liable to lose, as in consequence of fault or breach of promise or contract. It is a penalty for a breach of contrac

EJUSDEM GENERIS in taxation matters

Posted by RENGARAJ R.K 04 September 2013 21176 Views

PRINCIPLES OF EJUSDEM GENERIS- NOSCITUR A SOCIIS IN TAXATION LAWS Introduction: Ejusdem generis is a latin maxim which means that where there is a list of words in a statute followed by

Reimbursement of expenses part of taxable value: ST

Posted by Vishal 03 September 2013 31460 Views

In a normal course of service industry, a service provider charges an amount for providing the services along with service tax which is paid by the service receiver. Such service tax is calculated and paid according to the service tax provisions con