CAclubindia Articles

Guide to accounting for financial instruments and derivatives

Vinod Kothari 19 March 2010 at 17:04

Guide to accounting for financial instruments and derivatives All that stuff about AS 30, 31 and 32 Note of cautionWe would like to start this article with two notes of caution. First, AS 30, 31 and AS 32 are Indian accounting standards that corresp

SaaS BPM A Suitable Present Day Confluence

Madhusudan 19 March 2010 at 12:08

The talk about SaaS BPM has been doing rounds for over a couple of years now. An increasing number of industry related experts now speak in favor of this integration and one of the main reasons is the level of collaboration that this integration off

Proof of travel not required for claiming LTA

CA Pramod Jain 19 March 2010 at 11:28

Proof of travel not required for claiming LTA : Supreme CourtDear All,Please find very useful decision with regards to claiming LTA without supportings as below :- LTA : Evidence of Expenses Employers, while processing the conveyance and leave &

Snatching earth beneath landlord's feet

Pradeep Jain 19 March 2010 at 11:25

Snatching earth beneath landlord’s feet with retrospective amendment Prepared By: CA Pradeep Jain Sukhvinder Kaur, LLB Introduction: - The renting of immovable property for commercial/business purpose was brought under service tax net in

What Constitutes Salary Income?

vidyasagar 18 March 2010 at 12:02

Income from Salary WHAT CONSTITUTES SALARY INCOME?"Salary" is the remuneration received by or accruing periodically to an individual for service renderedas a result of expressed or implied contract.Compensation or remuneration even in the f

Section 372A Made Easy

Prasanth Nair V 18 March 2010 at 11:21

372A of the Companies Act in a Simple Format Section 372A of the Companies Act makes u aware of the provisions regarding Intercorporate Loans and Investments. This section also covers the guarantees and securities pledged for the grant of Loans

Important Tips for a Successful Career

Member (Account Deleted) 18 March 2010 at 11:20

It’s a DO OR DIE Situation. It’s not just competition. A far better word(s) have replaced “competition”. It is termed as “EARLY SUCCESS”. Competition is everywhere and everyday. What’s important is you suc

PENALTIES AND PROSECUTION

CA. A. K. GUPTA 17 March 2010 at 13:41

Introduction Direct Tax Legislations are one of the significant modes which enable the State to realize the objectives of both Social and Economic Justice as also defraying the cost of rendering public services on the part of the State, Economic ord

Shall i do Business or continue my Job

Jitendra Jain 17 March 2010 at 13:41

Shall I do Business or continue my Job?A question which invariably hits my devil mind every time the boss tries to poke his stingy nose every nanosecond at what I am doing, avoid marking me a CC on mail drafted by me and forwarded by him to all the u

Benami Transactions

CA RAMESH KUMAR AHUJA 17 March 2010 at 13:05

Benami transactions People generally ask whether he or she can purchase a property in the name of a person who may be a relative, friend or an employee etc. Acquisition of a property in the name of a person other then the one paying the considera