CAclubindia Articles

OTC Forwards and Options - In Practice

Posted by CA S.SAIRAM 20 June 2011 14897 Views

OTC Forwards and Options In Practice Foreign Exchange Management involves a combination of hedging as well as profit making at the opportune time (subject to permission by regulator). Unless a country has pegged the domestic currency in te

Chartered Accountants: a career in financial services

Posted by Vikranth 16 June 2011 30389 Views

Amrita T., a CA, currently works in the Project Finance arm of Tata Capital. Srikanth N was treasurer of a large MNC bank. What is it that prompted them to move into the mainstream of Financial Services? The career growth and money are both much m

The why and how of 'human asset' valuation

Posted by Equitymaster 16 June 2011 18473 Views

Despite being an important asset for a company, human resource is an asset always ignored by accountants. With regards to assets, there is a fundamental conflict in accounting practices between human and non-human assets. Only non-human assets find

Penalties under the Income Tax Act

Posted by Neha Yadav 16 June 2011 56189 Views

PENALTIES UNDER THE INCOME-TAX ACT For non-compliance with the different provisions of our Income Tax Act, Section 140A, 143(1A), 221 and 271 to 275 give the reference to levy penalty on a assessee. An assessee might be prosecuted for his comply wit

Service Tax Audit

Posted by MONISH BHALLA 16 June 2011 47841 Views

The country is passing thorough a phase where the need of transparency at all levels appears to be explicitly essential. There is a trust deficit at all levels, be it the Civil society, public at large or government machinery. The assessees are en

Importance of Bank Documents and Their Verification

Posted by Guest 14 June 2011 97304 Views

The Law of evidence plays a pivotal role in the effective functioning of the judicial system. The existence of substantive rights can only be established by relevant and admissible evidence. Relevancy of facts is the key to determine

A Comprehensive Overview of the SEBI

Posted by Guest 14 June 2011 18660 Views

A COMPREHENSIVE OVERVIEW OF THE SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 INTRODUCTION One of the fundamental and most general principles of law is that when any individual acquires any kind of special knowledge or information

Life is crazy but not easy

Posted by Dipti Achhra 15 June 2011 21777 Views

Hey Friend$, Thanks for the response and the appreciation on the article "I CANT BUT HE CAN" which inspired me to write another article for the readers............. Life is full of twist and turns that everyone agrees... L

TDS under TN VAT act & Rules

Posted by P.Jagadeeswaran 17 June 2011 88651 Views

Tax Deduction at Source or TDS under the Tamil Nadu Value Added Tax Act, 2006 & Value Added Rules 2007 In Tamilnadu, Tamilnadu Value Added Tax, 2006 received the accent of the Governor of Tamilnadu on the 14th of December, 2006 and was enact

Taxation of Works Contract under TN VAT

Posted by P.Jagadeeswaran 14 June 2011 73368 Views

Taxation of Works Contract under TN VAT! Meaning of Works Contract in TN VAT: Sec 2(43) defines as Works Contract includes any agreement for carrying out for cash, deferred payment or other valuable consideration, building constructi