CAclubindia Articles

Is BASEL III boon for Indian economy or a curse

Posted by Indraneel Sen Gupta 05 May 2012 31366 Views

I have tried my level best to make my readers understand that RBI is not going to play the old tunes of boosting the stock market. Whenever there has been a rate cut we have hoped that RBI is doing the action to boost the market and Indian industr

Cost Compliance Report and Applicability On New Industries

Posted by CMA Navneet Kr Jain 03 May 2012 69415 Views

Cost Compliance Report and Applicability On New Industries for the year 2011-12: From the year 2011-12 onwards many companies have come under the purview of Section 209(1)(d) of the companies Act

Right To Inspect Members Register, Annual Returns Etc

Posted by G S Rao 02 May 2012 76233 Views

Introduction There are several sections in the Companies Act, 1956 which give rights to members, debenture holders, creditors and directors. Many are ignorant of these rights as they are not appearing at one place but are appearing in different S

Beware Dealers Claiming Input Tax Credit

Posted by CA Saiyum khan 02 May 2012 50455 Views

One of my clients has received the demand notice from the Commercial Tax Department of Gujarat for payment of VAT against wrong claim of Input Tax Credit. On scrutinizing the relevant documents of input tax credit it was found that Tax Invoice was i

'Tenancy Rights' and action under SARFAESI Act, 2002?

Posted by Durga Rao 02 May 2012 26081 Views

Banks used to take advantage of the provisions of SARFAESI Act, 2002 earlier in taking possession of the secured asset even when the tenant was in possession of the property. Absolutely, there is no difficulty in taking the possessio

Deferred Tax in Simple Words - PART II

Posted by Vignesh Killur

02 May 2012 126229 Views

The Day is 1st of April 2001; the Indian Accounting Fraternity is introduced to the concept of Deferred Tax. Accounting for Taxes on Income (AS 22) is applicable to different categories of enterprises from different dates. TABLE 1.