CAclubindia Articles

IND AS 41 First time adoption of Indian Accounting standards

Posted by CA. Amit Daga 18 June 2010 18416 Views

IND AS 41First time adoption of Indian Accounting standards Scope of IAS 41 Ind-AS 41 is applicable to the first set of annual Ind-AS financial statements prepared by a company. The first Ind-AS financial statements are defined as the first annual f

Its all about TRANSFER PRICING

Posted by Manikanta Raju CA,CWA,(CS) 18 June 2010 46312 Views

Key Notes: Transfer pricing relates to the pricing of transactions (such as transfer of goods, services, intangibles and funds) that take place within affiliate segments of a group company in different tax jurisdictions. Transfer pricing is typica

Basic Understanding of Indian Depository Receipts (IDR)

Posted by Rasesh 18 June 2010 52052 Views

Basic Understanding of Indian Depository Receipts (IDR) Standard Chartered Bank created history in the Indian Capital Market by becoming the first foreign company to come up with an IDR issue. This IDR issue prompted me to study the subject the su

VAT: No Double taxation,yet double revenue for states

Posted by CA S.SAIRAM 18 June 2010 11817 Views

VAT: NO DOUBLE TAXATION, YET DOUBLE REVENUE FOR STATES This small write out is a mere reminiscence of the existing VAT system.All of us know that VAT is a state subject. Just to recollect, the basis for calculation of VAT is as below,Total Assessable

Amendments in Section 9(1) of DVAT Act

Posted by Devinder Jain 18 June 2010 27954 Views

AMENDMENTS IN SECTION 9(1) OF DVAT ACT. Before I express my views on the recent amendments in Sub-section (1) of Section 9, I would like to share a story with you. A person sitting with a cup of Tea surrounded by intelli

CA Articleship: Some useful Corporate Board Resolutions-II

Posted by Ankur Garg 18 June 2010 155861 Views

Please find below a useful corporate article containing some useful sample

Packaged softwares - Are they completely out of service tax?

Posted by CA S.SAIRAM 16 June 2010 10652 Views

PACKAGED SOFTWARES –ARE THEY COMPLETELY OUT OF SERVICE TAX? After a lot of deliberations and conclusions the Service tax department finally issued a circular (No.17/2010 dt.27.2.2010) exempting the packaged or canned software from Service t

Points to be considered while acquiring a company

Posted by Manikanta Raju CA,CWA,(CS) 16 June 2010 31970 Views

Now a day’s cross border transactions, mergers and acquisitions became quite common in a regular business phenomenon. In this article I will discuss a few points as a course of initial observations to be considered while acquiring company- 1)

Our country might be Independent and Free but are WE??

Posted by Nikita Jain 16 June 2010 5788 Views

At the lunch table today, the matters in relation to the Bhopal Gas Leakage case 25 years back gave fuel to a grave discussion in my home!The main point of discussion was the way India's requests to extradite Warren Anderson, the former chairman of U

IMPLEMENTING IFRS

Posted by Dilip K Raina 16 June 2010 11290 Views

FINANCIAL REPORTING IN HYPERINFLATIONARY ECONOMIES-IAS 29 Since we are talking of accounting standards which are acceptable internationally, thus the quality of such standards making them stable and dependent in the long run for better presentation