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CAclubindia Articles


Grab your Opportunity as it knocks

Posted by Tony John 06 April 2012 29982 Views

Knock Knock.Who is it?It is me Opportunity.What! Opportunity?But,wait a minute. No. You aren't opportunity.Yes I'm.No you aren't. Because opportunity knocks only once. But you have knocked twice.A simple story to con



Determination of Rate of Service Tax

Posted by Naveen Chand Khulve 06 April 2012 26071 Views

As rate of Service Tax has increased to 12.36% from existing rate of service tax 10.30% from 01.04.2012 so here I am sharing the point of taxation (POT) in such circumstances which must be considered by assessee while issuing invoice. Service was



Getting relief from DRT under SARFAESI Act, 2002

Posted by Durga Rao 06 April 2012 20966 Views

It would be clueless for the professionals at times in answering the queries of the borrowers facing proceedings under The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. If the



Books of Account u/s 209 of the Companies Act,1956

Posted by G S Rao 05 April 2012 135636 Views

Introduction Section 209 is one of the most important sections in the Companies Act, 1956. This section deals with the requirements of maintenance of books of accounts and penalties for non compliance. A detailed analysis of the provisions of Sect



Procedure for Appointment/Re-Appointment of Cost Auditors

Posted by Ajay Mishra 04 April 2012 998383 Views

Ministry has reviewed the existing procedure followed by the companies seeking prior approval of the Central Government for appointment of cost auditor under section 233B(2) of the Companie



Revised Schedule VI - Paradigm shift and Impact

Posted by CA S.SAIRAM 03 April 2012 70860 Views

The Revised Schedule VI which is to come with effect from 1.4.2011 is intended to mandate a presentation format which will facilitate showing what would have been accounted under the upcoming I



2(22)(e) - Income Tax Department & Assessee

Posted by CA Kishore Tallam 02 April 2012 50305 Views

2(22)(e) A Long standing Dispute between Income Tax Department and Assessee: Background of the Section: Its a regular practice between closely held group companies to transfer monies to meet their fund requirements (other than for



Procedure for Issue of FCEBs

Posted by Ajay Mishra 02 April 2012 12292 Views

PROCEDURAL REQUIREMENTS Before the issue of FCEBs to a person resident outside India, the issuing company must note the following points: 1. Whether, the issuing company is eligible to raise funds in foreign exchange in accordance with For



Commodity Exchange: For Beginners

Posted by CA Prashant Gupta 02 April 2012 22460 Views

Today, we know the commodity market as a place to trade the different commodities without taking delivery of same. You can trade in gold, silver, crude oil, agriculture products, metals and many more, without bothering about the perishable nature of



IFRS- Impact on Country's GDP

Posted by CA S.SAIRAM 02 April 2012 18141 Views

IFRS: Impact on the Countrys GDP IFRS (International Financial Reporting Standards) is not just a corporate subject but something which is of national interest. As the world turns into a Global village it is difficult for a co




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