CAclubindia Articles
Petty Cash Guidelines
Record Management Cash book maintenance & closing of daily balances. Signature of PCA on daily closing balance at the end of day Daily Cash Report to be sent to SM Accounts/CFO/MD by Mail Hard Copy Filing of Daily
Small Shareholder's Director
Concept of Small Shareholders Director:- Section 252: Minimum numbers of directors.(1) every public company (other than a public company which has become such by virtue of section 43A) shall have at least three directors: Provid
5 ways to keep the stress away :)
5 ways to keep the stress away:- exams have got over but not the tension. As the answer sheet still covers the mind at times. Leave exam sheets we all still have many things to get tension like friends fight, Any big issue etc.
Retailers-Cost Linked to Multiple Benefits
Online business or the e-commerce is the growing market replacing the huge fixed cost associated with shop and establishments. Online marketing has also replaced the fixed cost related to employees and other amenities. This is a fatal concept being
Reporting in a diverse EU banking regulatory environment
1. Introduction Banking regulators control and monitor the financial state of affair of the banks through reporting mechanism. With the formation of European Union, banks operating in European region are expected to report under multi regulator
New and user friendly efiling site from IT Department
Filing and maintaining the info relating to your Income tax returns was never so easy. But, thanks to the Income Tax Department, they have come up with a comprehensive and more user friendly website. No need of going to a professional for filing the I
Accounting Treatment of Service Tax under Reverse Charge Mechanism
Accounting Treatment of Service tax and Cenvat Credit under New Service tax regime Note: The following are indicative accounting entries on the assumption that service receiver/manufacturer is eligible for taking Cenvat credit and service is an e
Recovery of Non Performing Assets
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 promulgated by the
Advance Pricing Agreement - A Step Ahead
Transfer Pricing provisions were brought under the purview of Income Tax Act in 2001. Over the years, there have been substantial amount of additions/adjustments at the time of transfer pricing assessments wherein the transfer price charged by th
What is Statutory Audit?
What is Statutory Audit : By the meaning of word the statutory audit in India is the audit which is prescribed by statute. There is many audit in India which is prescribed by the different statute like Income Tax Act require audit as per him simi
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