CAclubindia Articles

Analysis of Clarification issued by MCA Dated 9-8-2012

Posted by Nirmal Shah 01 September 2012 54748 Views

Accounting treatment of Foreign exchange fluctuation (Forex) is covered under various standards as follows: AS 10 - Forex on liabilities for FA purchase etc, AS 11 - Forex on Monetary items, forward cover forex, forex on Long term monetary items e

Management of Emotions in Professional Career

Posted by CA SURENDRA KUMAR RAKHECHA 01 September 2012 18051 Views

MANAGEMENT OF EMOTIONS IN PROFESSIONAL CAREERS A Research Specially written for caclubindia users. We are mostly affected by Emotions in two circumstances When we ar

Service Tax After All Amendments Upto Date

Posted by pankaj 01 September 2012 77916 Views

What is Service Tax? Whether it is direct or indirect tax? Service tax is an indirect tax levied on certain services provided by certain categories of persons/firms/agencies. Service sector was not taxed for considerably very long time. For the fir

Ledger Scrutiny - Backbone of Statutory Audit

Posted by SANYAM ARORA 30 August 2012 172665 Views

Greetings of the Day to all the members of CCI Family. So Professionals September season is going to start & i know everyone will be busy with their respective Audits. The same thing is happening with me & i am also fed up of 6 A.M TO 10 P

Indian investors needs communication - Beyond Awareness

Posted by Indraneel Sen Gupta 30 August 2012 7487 Views

Indian economy has been recently downgraded by global rating agency. Well that is the half hearted knowledge being carried by one simple investors, broker and among the financial community.Well why half hearted and where are the loopholes between i

Companies Cost Audit Order, 2011

Posted by CMA Arif Farooqui 30 August 2012 17369 Views

Ministry of Corporate Affairs has issued various Cost Audit Orders in Financial year 2011-12, some of which applicable from Financial Year 2011-12 itself and some become applicable in Financial Year 2012-13. Various industries are being brought

Banks going back from 'Settlement of Default/Debt'?

Posted by Durga Rao 30 August 2012 14746 Views

It is known that while some loan transactions with the Bank like Housing Loan, Educational Loan etc. are very simple, some commercial loan transactions are very complex in nature. The Bank may provide various loan facilities to the Borrower and mo

Applicability of Cost Accounting Records and Compliance Certificate

Posted by CMA Arif Farooqui 30 August 2012 109204 Views

MAINTENANCE OF COST ACCOUNTING RECORDS As per notification issued by Ministry of Corporate Affairs, dated 3rd June, 2011; The Companies (Cost Accounting Records), Rules 2011 shall apply to every company, including a foreign company, which is engag

Section 54 EC case laws

Posted by Saurabh Maheshwari 28 August 2012 26637 Views

Beauty of case laws- Whether its Direct tax law or Indirect tax law or corporate or allied laws, case laws are very important to digest the provisions of law conceptually. The beauty of case law is that it is not only interesting but also clarifies

Cash basis of accounting followed by non corporate entities

Posted by Vivek Hebbar 28 August 2012 102305 Views

Note on Cash Basis of Accounting followed by non-corporate entities in India Non-corporate entities in India may include an individual, a proprietory concern, a Hindu Undivided Family (HUF), a partnership firm, a LLP, a trust, etc. Unlike a