CAclubindia Articles

Gold Mutual Funds

Posted by Sathya Sankeerth K N 17 August 2012 12932 Views

A gold mutual fund is like a mutual fund backed by gold as the underlying asset and would be held mostly in demat form. An investor would get a securities certificate issued by the mutual fund running the Gold Mutual Fund defining

Functional Currency under IFRS and its Implementation

Posted by Sanjay Chauhan (IFRS) 17 August 2012 32751 Views

This article covers the Functional Currency aspect differentiating with Presentation Currency as laid in Ind AS 21 i.e. IAS 21, which is totally new concept when India converges to IFRS. Introduction India has laid do

Preparation Tips for IPCC Exams

Posted by sureshraj 17 August 2012 154778 Views

Hellow students my name is suresh, first of all i am happy to express my heartiest congratulations those who achieved sucess in May 2012 IPCC examinations and let me wish them all the best in thier future activities.so my dear students who got negit

The Role of short term sensations in the long term investment

Posted by Ramalingam K 14 August 2012 8850 Views

In the digital age, the current affairs reach our living room 24*7. The power of internet and social media makes the news and rumours spread like a wildfire. Because of this information overload we become so focused on details that we begin to ign

Revised Schedule VI - An Overview

Posted by Aravind.. 13 August 2012 56334 Views

What is the primary objective of a financial statement? A financial statement is the language of a business through which it communicates. It is a summary of the business performance for a defined period. A summary always req

Interest on Refund:Ranbaxy Case

Posted by vishal mishra 13 August 2012 18243 Views

RECENT CASE OF RANBAXY LABS LMITED v. UNION OF INDIA AND OTHERS[1] : DATE FOR DETERMINATION OF INTEREST ON REFUND UNDER S. 11-BB OF CENTRAL EXCISE ACT, 1944 VISHAL MISHRA INTRODUCTION Under the Central Excise Act, 1944, an assessee can make a cl

CPT- Can Pass Through! :)

Posted by Priyavarshini Jagannathan 13 August 2012 27487 Views

*Tring Tring Tring Tring* "Hey 1147/1200. Gethhhh dii" is the EPIC NEWS if my Life which I got when I was in my 12th Grade.! I wasn't happy about it though, as "U missed a CENTUM, by 1 mark in Commerce, by 2 marks in Accountan

Reverse Charge Mechanism of Service Tax

Posted by CA Prashant Gupta 13 August 2012 208827 Views

Reverse charge mechanism is not a new concept in service tax. Under the reverse charge mechanism, instead of service provider, the service receiver is liable to pay service tax. In that case, the service receiver will register himself with service

Special Analysis of Service Tax on Directors & Security

Posted by Savan Somani 11 August 2012 17315 Views

Subject: Service Tax HEADING: Special Analysis of Service Tax on Directors & Security Services ON DIRECTORS SERVICES BRIEF: In the absence of mention of any date in the notification, it shall be effective from the date of publication in of

Cenvat Credit- Real Estate Industry

Posted by CA Nikhil Jhanwar 11 August 2012 28794 Views

After new regime in service tax has been introduced, there hves been various issues regarding availability of Cenvat Credit for Real Estate Industry. Through this write-up all major issues have been clarified