CAclubindia Articles

Peak Credit and telescoping theories under income tax

Posted by Amit Bajaj 17 January 2012 41014 Views

There may be some cases under Income Tax Assessment proceedings where there are a large number of unexplained credit and debit enteries of a person standing in books of account of an assessee. In such case the AO may tend to add all the aggre

Internal Procedures for Prevention of Insider Trading

Posted by Manikanta Raju CA,CWA,(CS) 17 January 2012 13397 Views

To start with -An insider is a person who has access to the price sensitive information of the company. Trading (Selling or purchasing of shares) the stocks of the company directly (by himself) or indirectly (through connected persons) based on this

Challenges in Finalization of Accounts for the year 2011-12

Posted by CMA Navneet Kr Jain 17 January 2012 23013 Views

Challenges in Finalization of Accounts for the year 2011-12 post new Cost Accounting Records Rules By Navneet Kumar Jain FICWA, MBA, LL.B., M.COM., PGDTL, LIII., AIIISLA Ministry of Corporate Affairs has done a remarkable job for the indus

A Personal Finance Checklist for Newlyweds

Posted by Ramalingam K 16 January 2012 11726 Views

Getting married is one of the most important events in your life. There is so much to considerthe flowers, the jewel, the dress, the venue, the photographythe list goes on. Once you are back from the honeymoon, the daily life of marria

Human Resource Accounting

Posted by CA Prashant Gupta 16 January 2012 23897 Views

Human resource are the greatest assets of any company. You can raise tariffs or prevent MNCs from entering, but you cannot stop employees from leaving if they are unsatisfied.

Life at CCI, before and after being Featured Part-II

Posted by Sourav Banerjee MA,MSW 16 January 2012 4988 Views

Continued from http://www.caclubindia.com/forum/life-at-cci-before-and-after-being-featured-183203.asp *** Ive a much bigger family than what you think. And its gro

Why is Insurance Mis-Sold in India?

Posted by Prof. Bajaj 16 January 2012 11550 Views

Come on !! If you are a really good friend of mine, you ought to buy a life insurance policy from me Sounds Familiar ?? How many times we keep hearing this argument from a close friend (?) or a relative to buy an insurance policy fro

Time-Time ki Baat hai : Part-I

Posted by Prof. Bajaj 13 January 2012 20831 Views

I have seen the world Son!! Not for nothing I have these gray hair said Mr. Anand Desai, 56 Years old businessman to his son Niraj Desai, 28 years old professional working with a leading IT company. No Dad, I am also a post-gra

Depreciation allowable deduction from works contract

Posted by Amit Bajaj 13 January 2012 29597 Views

There are two components in every works contract one is material component and other is labour component. Material incorporated in a works contract is considered as deemed sales to the contractee and hence is liable to VAT or sales t

Audit Committee - An Overview

Posted by CMA. CS. Sanjay Gupta 13 January 2012 106980 Views

Audit Committee An Overview (Section 292A of Companies Act, 1956 & Clause 49 of Listing Agreement) An Audit Committee is a key element in the Corporate Governance process of any organization. The emergence of corporate gove