CAclubindia Articles

Inventory write downs vis-a-vis Rule 3 (5b) of CCR

Posted by Manoj Pala 03 August 2011 14435 Views

Inventories are measured at the lower of cost or net realizable value (NRV). If the NRV falls below the recognized costs pf an inventory item, the respective inventory items must be measured. Inventory write-downs should reflect the estimated loss i

SARFAESI Act'2002: Boon For Banks Curse for Borrower

Posted by CA. Vikash Dwivedi 03 August 2011 27215 Views

THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSESTS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 SARFAESI Act, as the name of the act suggests, deals with 3 matters: Securitisation [Sec 2 (1) (z)] Reconstruction of Financial Asset [Sec

" 7 Days to go " - Go for it guys

Posted by SANYAM ARORA 03 August 2011 21648 Views

A Very good Evening to all the members of CCI Family............................!!!!!!! Today I want to speak something very special for all the students of PCC/ IPCC STUDENTS. So friends just 7 D

Judicial Pronouncements

Posted by khushbu darak(CWA) 03 August 2011 8417 Views

Some More Important judicial pronouncements under Service Tax 1. Whether erection and Commissioning of tower parts through engagement of employees shall be termed as Manpower Recruitment and Supply Agency Services? Facts: Sh

Can NRI/PIO Claim Exemption on Transfer of Bonus Shares

Posted by CA. Anuj Gupta 02 August 2011 6155 Views

We all know that cost of Bonus shares is NIL as per sec. 55(2)(aa)(iii) of the Act and in normal circumstances , the gain on transfer of Bonus shares shall be fully taxable in the hands of seller. However , Income Tax Act

Technology and Humanity

Posted by Nabeel 02 August 2011 5904 Views

TECHNOLOGY AND HUMANITY Hello Friends, This time I came with a new article Technology and Humanity. Technological advancement is increasing day by day. It is good for us to have technologies but it has some effect on youth as well as h

Can NRI or PIO Remit Sale Proceeds of Inherited Immovable Property

Posted by CA. Anuj Gupta 01 August 2011 17800 Views

Sale proceeds of any immovable property inherited by NRI / PIO from a person resident in India can be remitted abroad subject to a ceiling of USD one million per financial year subject to production of documentary evidence in support of inher

A Step Ahead in the Direction of Unanimous GST

Posted by Nagesh Bajaj 01 August 2011 6415 Views

The comments of the Department of Revenue (DOR) on the First Discussion Paper on GST reflect the inclination of Centre on different contradicting issues related to Goods and Services Tax (GST).

Discover Yourself

Posted by CMA Ramesh Krishnan 01 August 2011 15057 Views

Discover Yourself Introduction: Our life is going the way which we are approaching that, because life is b

The Power of Understanding Through True Communication

Posted by T.R.Radhakrishnan 01 August 2011 5976 Views

T.R.Radhakrishnan, Banking & Management Consultant, Facilitator: DRT & SARFAESI CASES, H.R.Trainer; Corporates, Colleges & Schools, 17, Morya Gardens, Kanadia Road, Behind Karnataka Vidya Niketan, Indore. 452016. Madhya Pradesh Mobil