CAclubindia Articles

Hedging Foreign Currency Firm Commitments

Posted by Sanjay Chauhan (IFRS) 03 January 2013 20868 Views

Introduction Institute of Chartered Accountants of India (ICAI) had come out with an announcement in February 2011, on Application of AS 30, Financial instruments: Recognition and Measurement. It was clarified that the prepares of Financial S

Commerce = CA & Don't Lose Heart

Posted by CA Priyank Singhi 02 January 2013 25656 Views

A commerce student has very few options when he/she is about to leave school and enter the so called The Real World. Unlike a science student who can take up n number of engineering courses and get a job even before he

Foreign Direct Investment in India (FDI)

Posted by Rajat Poddar 07 October 2020 31517 Views

Foreign Direct Investment (FDI) is permitted as under the following forms of investments Through financial collaborations. Through joint ventures and technical collaborations. Through capital markets vi

Capital gain - Exemption u/s 54 & CG Scheme account

Posted by CA Neil Ganatra 02 January 2013 44457 Views

Capital Gain Exemption & Capital Gain Account Scheme Sec. 54 (2) of the Income Tax Act provides as under: The amount of the capital gain which is not appropriated by the assessee towards the purchase of the new asset made within one year

Concept of Project Costing

Posted by CMA Ramesh Krishnan 31 December 2012 38083 Views

Concept of Project Costing Introduction: Costing of an each product or activity will differ from product to product and activity to activity. But the concept of the costing is same for all type of costing whether Product costing or Service costing.

HUF - A Tax entity for your benefit

Posted by KCJM and Associates 07 January 2013 36984 Views

A Common Question which a Taxpayer usually asks a Chartered Accountant at the time of filing his Income tax Return; How to save tax legally by forming HUF? The Hindu Undivided Family (HUF) structure is a very effective way to save tax and a lot of p

Importance of financial planning in life

Posted by DHARMENDRA SHARMA 31 December 2012 16196 Views

Everyone faces ups and downs in his/her life. Everyone needs money to come out of their rainy days, for which, a good financial planning is needed which can give their family a self-sufficient life. These d

Responsibility of Professional Signing Annual Return

Posted by CMA Arif Farooqui 29 December 2012 11070 Views

W.e.f from Financial Year 2011-12, Professional (CA, CMA, CS) signing MCA Annual Return have to certify whether Cost Accounting Record Rules -2011 (CARR) or Cost Audit Orders (CAO) are applicable on company or not and mention Product or Service

Short Note on Rejection of Draft Offer Documents

Posted by Ajay Mishra 29 December 2012 11051 Views

INTRODUCTION The Securities and Exchange Board of India (SEBI) has vide General Order dated October 09, 2012 framework general criteria subject to which draft offer documents filed for issue of

Wealth Tax: Taxes on your wealth!

Posted by Garvit Dave 29 December 2012 32659 Views

Wealth tax is a direct annual tax, payable every year like your direct taxes. It is another type of direct tax by which tax is imposed on individuals coming within its purview. Pensioners, retired persons or senior citizens have not been accorded