CAclubindia Articles

Revised Schedule VI - Paradigm shift and Impact

Posted by CA S.SAIRAM 03 April 2012 70872 Views

The Revised Schedule VI which is to come with effect from 1.4.2011 is intended to mandate a presentation format which will facilitate showing what would have been accounted under the upcoming I

2(22)(e) - Income Tax Department & Assessee

Posted by CA Kishore Tallam 02 April 2012 50310 Views

2(22)(e) A Long standing Dispute between Income Tax Department and Assessee: Background of the Section: Its a regular practice between closely held group companies to transfer monies to meet their fund requirements (other than for

Procedure for Issue of FCEBs

Posted by Ajay Mishra 02 April 2012 12294 Views

PROCEDURAL REQUIREMENTS Before the issue of FCEBs to a person resident outside India, the issuing company must note the following points: 1. Whether, the issuing company is eligible to raise funds in foreign exchange in accordance with For

Commodity Exchange: For Beginners

Posted by CA Prashant Gupta 02 April 2012 22460 Views

Today, we know the commodity market as a place to trade the different commodities without taking delivery of same. You can trade in gold, silver, crude oil, agriculture products, metals and many more, without bothering about the perishable nature of

IFRS- Impact on Country's GDP

Posted by CA S.SAIRAM 02 April 2012 18145 Views

IFRS: Impact on the Countrys GDP IFRS (International Financial Reporting Standards) is not just a corporate subject but something which is of national interest. As the world turns into a Global village it is difficult for a co

Need to Know About Chartered Accountants Career in India

Posted by Ca Pardeep Makkar 31 March 2012 55959 Views

Chartered Accountancy is a profession that is as desirable as the Engineering and Medical ones. The corporate sector of the industry is always in a need of chartered accountants and with the booming economy, this need is only going to increase. Whe

Basic - Operating and Finance Lease

Posted by RAHUL GANDHI 31 March 2012 128158 Views

LEASE (FINANCE AND OPERATING) AS -17 Definition:- Finance Lease :- A finance lease is a lease that transfers substantially all the risks and rewards incidental to ownership of an asset. Title may or may not eventually be transferred. In other wor

About Revised Schedule VI

Posted by Naveen Chand Khulve 31 March 2012 29306 Views

Ministry of Corporate Affairs has amended the schedule VI which is required to be implemented by the companies from Financial Year 2011-12 along with regrouping last year figures. Following are the changes in Revised Schedule VI.

Pay Later Option in MCA Portal

Posted by CS MOHIT SALUJA 31 March 2012 19774 Views

Pay later option The Ministry started the Pay Later Option on the MCA Portal which got effective from March 20, 2012. What Pay Later option is and what is its benefit will be discussed here. What is Pay Later Facility Currently, payment for MCA21 se

Determination of Date of which rate of service tax to be taken

Posted by PUNEET GOYAL 31 March 2012 44967 Views

PRECAUTION TO BE TAKEN FOR TAKING RATE OF SERVICE W.E.F 01.04.2012 (Either 10% or 12%) (Before proceeding further please read the disclaimer at the bottom of this write up) With effect from 01.04.2012, rate of service tax has been increased from 10%