CAclubindia Articles


Rising India with powerless India

Posted by Sourabh 20 June 2013 5972 Views

Uncertainties emanating from the ongoing euro area sovereign debt crisis, the downgrade in the outlook of several advanced economies kept the international markets volatile for most of 2011-12. Higher market volatility was witnessed after the downgr



Forex Market in India

Posted by Deepak Surana 20 June 2013 46475 Views

BASIC INTRODUCTION OF INDIAN ECONOMY India has seen a systematic transition from being a closed door economy to an open economy since the beginning of economic reforms in the country in 1991. These reforms have had a far-reaching impact and have h



Credit Reversal on Trading of Flats- Questions that remains unanswered

Posted by Pradeep Jain 18 June 2013 14522 Views

Introduction:- This is a court of law, young man, not a court of justice. This phrase by Oliver Wendell Holmes, Jr. is remembered by every person who loses in court of law despite being genuine and working in boundaries of la



Point of Taxation Rules 2011 - Part 1

Posted by AMEER SHA 18 June 2013 13146 Views

Hello Friends, This is my first article on this plat form. Please go through it and let me know if there is any misatkes or areas to be improved. Are you able to guess which tax it relates to ??? Excise duty? , Income Tax ? or Service Tax&



Overview of Service Tax Voluntary Compliance Encouragement Scheme, 2013 - Series 1

Posted by Bimal Jain 18 June 2013 32167 Views

The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has been implemented with effect from May 10, 2013 with the enactment of the Finance Bill 2013. We have prepared and summarized overview of the Scheme for ease of your un



Two new Excel tricks

Posted by CA Rishabh Pugalia (ExcelNext) 18 June 2013 41703 Views

ARTICLE HEADING: 2 EXCEL TRICKS TO IMPRESS Case Study 1: Visualize ratings of employees Application Areas: Feedback/Performance Ratings Techniques required for Solution: Formula =REPT() [Picture 1]: =REPT() formula repeats specified character



Errors in Excel

Posted by CA Suraj Lakhotia 18 June 2013 10909 Views

#N/A#DIV/0!.. #NAME?.. #VALUE!.. #REF!.. #NUM! Sounds familiar? These are the errors excel returns when the formula contains an error (#NAME?), the variables dont meet the criterion of the formula (#VALUE!), when the reference is



Company Secretary Roles - Management & Policy Making

Posted by Manjit Banga 18 June 2013 11022 Views

The demand of Company Secretary course in India is increasing at a very rapid rate. It is mainly because of increasing awareness among the students about this course. Earlier it had not been that widespread as compared to modern times. More and more



Highlights of Companies Bill,2011

Posted by Rajat Poddar 17 June 2013 10358 Views

The Bill has 470 clauses and 7 schedules as against 658 Sections and 15 schedules in the existing Companies Act, 1956. The entire bill has been divided into 29 chapters. Following chapters have been introduce



Hedging Loss on FC Forward Contract not Speculation Loss

Posted by Ajay Agrawal 17 June 2013 15143 Views

TAX FLASH: CIT v Friends And Friends Shipping Pvt Ltd. - Gujarat High Court S. 43(5): Loss on foreign currency forward contracts by a manufacturer/ exporter is a hedging loss and not a speculation loss FACTS OF T




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