CAclubindia Articles

Cash basis of accounting followed by non corporate entities

Posted by Vivek Hebbar 28 August 2012 102324 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

Functional Currency's consequential Impact on Deferred Tax

Posted by Sanjay Chauhan (IFRS) 27 August 2012 30912 Views

In continuation of my previous article, this article highlights the consequential impact of having two sets of functional currency (one for GAAP reporting and other Tax submissions) on deferred tax computation under Ind AS 12, which again is based

Strategy for clearing CA Final - Part 1

Posted by pratik jain 23 August 2012 284884 Views

Hi folks . I cleared CA FINAL in NOV 2011 in my FOURTH ATTEMPT! So most people will say I have no right to give GYAAN on how to pass ca final in one sho. But hey!! before you write me off let me tell you i am the right person because i know what

Landmark judgement in competition act explained

Posted by Member (Account Deleted) 23 August 2012 27139 Views

Introduction In the month of June 2012, competition commission had passed a judgment (Case no 29/2010 Builders Association of Indias case) in a complicated case which involved interpretation of economic variables and substantial que

Benefits u/s 80ID

Posted by CA Ayush Agarwal 23 August 2012 38795 Views

Five year tax holiday for hotels located in specified districts having a world Heritage Site. Section 80-ID of the Income-tax Act provides for a five year tax holiday to new hotels of two, three and four star categories and convention centres. It

You still have time. Don't give up!

Posted by Priyam 23 August 2012 28899 Views

As soon as the exam forms are out we are shaken,stirred and finally woken up from our dreams to the realities of life oh my god exams are near and the time left for preparation is now c

Service Tax and VAT on under-construction flat/ unit

Posted by CA. Vikash Dwivedi 23 August 2012 427645 Views

Service Tax and VAT on under-construction flat/ unit Introduction Service Tax and VAT on construction services have created lots of buzz among the property buyers. To me this is undue hardship on those who are buying residential property for the p

Stamp duty on transfer of shares

Posted by G S Rao 20 August 2012 171863 Views

Introduction As per Indian Stamp Act,1899, Stamp duty is payable on instruments and an instrument has been defined as any document

SEBI, Investor Protection and Mutual Fund industry in India

Posted by Yogesh Kumar 20 August 2012 21695 Views

The primary objective of SEBI is investor protection but it is a moot point to debate whether and to what extent SEBI has been successful in protecting the investors. From the time in early nineties when SEBI was set-up till now numerous situations

FAQ on Service provided by Directors to Company

Posted by Bimal Jain 18 August 2012 55088 Views

FAQ on Service provided by Directors to Company The CBEC has issued Notification No. 45/2012-ST dated 7-8-2012, amending the Notification No. 30/2012-ST dated 20-6-2012 and expanded the scope of reverse charge mechanism. With effect from 7-8-2012, s