CAclubindia Articles

Companies Cost Audit Order, 2011

Posted by CMA Arif Farooqui 30 August 2012 17381 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

Cash basis of accounting followed by non corporate entities

Posted by Vivek Hebbar 28 August 2012 102379 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

Section 54 EC case laws

Posted by Saurabh Maheshwari 28 August 2012 26655 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

Indian investors needs communication - Beyond Awareness

Posted by Indraneel Sen Gupta 30 August 2012 7506 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

Cenvat Credit on own retail shop/showroom

Posted by Arun Kumar Singh 22 April 2021 17470929 Views

The definition of input services in the Cenvat Credit Rules to submit that all the services which are used by the manufacturer whether directly or indirectly till the place of removal are eligible as input service credit.

Applicability of Cost Accounting Records and Compliance Certificate

Posted by CMA Arif Farooqui 30 August 2012 109228 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

Functional Currency's consequential Impact on Deferred Tax

Posted by Sanjay Chauhan (IFRS) 27 August 2012 30959 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

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

Posted by Durga Rao 30 August 2012 14765 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

Service Tax and VAT on under-construction flat/ unit

Posted by CA. Vikash Dwivedi 23 August 2012 427702 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

You still have time. Don't give up!

Posted by Priyam 23 August 2012 28930 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