CAclubindia Articles

IFRS 3 and Goodwill

Posted by Sanjay Chauhan (IFRS) 08 December 2012 27484 Views

Introduction: With the introduction of revised schedule VI, India has shown its intent to Converge Indian Accounting Standards (Ind AS) with International Financial Reporting Standards (IFRS) read with 41 International Accounting Standards (IAS) and

TDS under Section 194A

Posted by Ankit Gupta 07 December 2012 629551 Views

TDS under Section 194A Delayed Payment of Purchase Bills By CA. Ankit Gupta (argtaxconsultants@gmail.com) Issue: Whether there is any requirement of withholding tax (TDS) under section 194A of the Income tax Act, 1961 (

Records under Service Tax

Posted by Ankit Gupta 06 December 2012 29075 Views

Service Tax Rules, 1994 Rule 5 of the Service Tax Rules, 1994 relates to the records to be maintained by the assessee. The said rule provides that the assessee is not

Newly Inserted Section 80CCG

Posted by CA Roopak Singh 06 December 2012 38053 Views

RAJIV GANDHI EQUITY SAVING SCHEME SECTION 80CCG Finance Act 2012 has come up with a new section 80CCG, to be made applicable from F.Y. 2012-13 onwards. The Scheme not only encourages the flow of savings and improves the depth of domestic capital mar

Right attitude @ Work

Posted by Shivanand Pandit 06 December 2012 20991 Views

Attitudes are appraisal statements relating to objects, people or events. They exhibit how one feels about something. Attitudes involve emotions and are relatively stable. Attitudes are the product of a related belief and v

Interest on Housing Loan - Doubly Beneficial

Posted by Dilip K Raina 06 December 2012 55893 Views

Purchasing a residential property these days is really a dream come true. Few years back government started giving incentive under section 24 of the income tax act by allowing interest on housing loan to be deducted from the total income of the re

Applicability of Costing Accounting Rules to Construction Industry - An Overview

Posted by CMA Ramesh Krishnan 05 December 2012 21493 Views

Applicability of Costing Accounting Rules to Construction Industry- an overview Introduction: As per the Ministry of Corporate affairs notification G.S.R.429 (E) dated 3rd June 2011 as well as clarification issued on 25th May 2012, compani

Master your time

Posted by Shivanand Pandit 05 December 2012 20527 Views

What is Time? Time has different meaning to different people. Time escapes definition. Time is a relative concept. As St.Augustine remarked long ago I know what time is unti

All about Cost Audit and Compliance Report

Posted by CS DHANAPAL 05 December 2012 147337 Views

Ministry of Corporate Affairs have come out with a number of

Risk Managers Leadership Challenge

Posted by Sonia Jaspal 05 December 2012 10006 Views

British Petroleum was recently fined US $ 4.5 billion for the Deep-water Horizon disaster in April 2010. The highest ever fine till date. The verdict implicated two employees for negligence. Similar news is coming of regulators charging huge fines