CAclubindia Articles

Every audit objection doesn't lead to Mens rea/ Penalty

Posted by Bimal Jain 20 May 2013 10247 Views

Every audit objection doesn't lead to invocation of extended period and levy of penalty We have summarized the important judgment of the Honble Tribunal in the case of LANDIS + GYR LTD. V. COMMISSIONER OF CENTRAL EXCISE [2013] 32 Taxmann.

Is Current ratio adequate measure of liquidity?

Posted by RAVITOSH KUMAR 20 May 2013 14213 Views

Liquidity for any organisation is one the measure for its financial condition such as i. whether it will be a going concern in future, ii. how it will pay off it

Do you know some vital facts related to your credit cards?

Posted by Pranab 20 May 2013 11817 Views

In this urban world we all strive to have a credit card for ourselves, which is not at all wrong. But during the course of its use we all must have faced or facing some bitter experience related to this product and to our great surprise our esteem

3 Idiots - Are we Raju Rastogi?

Posted by Commerceshala 20 May 2013 30338 Views

3 IDIOTS of real world - Are we Raju Rastogi? Apart from being a super hit revolutionary movie it has showcased students life in the best possible manner. We all have Rancho, Farhan and Raju Rastogi in our lives. Sometimes you are one of the

Entities availing DTAA benefits have to file retun in INDIA

Posted by CA. Anuj Gupta 17 May 2013 20673 Views

Those availing of treaty benefits would now have to file returns of their incomes in India, even if those arent liable to be taxed here. The government has changed the Income Tax Rules, making it mandatory for certain classes of assessees, in

Analysis of Service Tax on work contract

Posted by TKKKKKK 02 May 2021 298175 Views

Work contractor definition : Works contract, for the purposes of section 65(105)(zzzza), means a contract wherein,- (i) Transfer of property in goods involved in the execution of such contract is livable to tax as sale of goods, and (i

Overview of Revised Format of Auditor's Report

Posted by Rahul Sethia 16 May 2013 54112 Views

Auditors Report is the finale of the professional work of an auditor. It also acts as a means of communication with various stakeholders of the company. After the year 2008, commonly remembered as the year of financial crisis, superior clar

Financial Intelligence Unit (India)

Posted by Reena Kewat 16 May 2013 21652 Views

FINANCIAL INTELLIGENCE UNIT (INDIA) A NEW STEP TO CONTROL MONEY LAUNDERING Introduction Money Laundering has always been a matter of discussion for government of all the countries. Money laundering is the process of conce

Quotes on Income Tax

Posted by CA SURENDRA KUMAR RAKHECHA 16 May 2013 20712 Views

QUOTES ON INCOME TAX : CA SURENDRA RAKHECHA . . READING OF A "SECTION" GIVES DIFFERENCE RESULTS ! . . 1. At First Reading; you will HARDLY understand it. 2. At Second Reading; "SOMETHING" you will understand. 3. At Third Readin

A CA Student's Saga Part-III

Posted by Member (Account Deleted) 16 May 2013 11405 Views

Hi friends, I am again with my Third Version of my story. I dont know what got me into writing this. But surely it can be a case of with you and me. Its my life involved in this story. I am going to start my story from January 21, 20