Community & General Articles

Varishtha Pension Bima Yojana

Posted by CA Chirag Chauhan 20 August 2014 11723 Views

1. Introduction: Government of India in the Union Budget 2014-2015, announced the revival of Varishtha Pension Bima Yojana. Excerpts from budget speech by Honrable Finance Minister are, "NDA Government during its last term in office had introduc

Steps in Ledger Scrutiny

Posted by CA Satish Badve 19 August 2014 334289 Views

Ledger scrutiny is part of audit procedures, like vouching, posting etc.The scrutiny is required in all type of audit whether the same is Internal Audit, Statutory Audit. Ledger scrutiny is to be done for all type of clients whether the same is Pvt

Amended rules of chapter XII

Posted by ANJAN KUMAR ROY 19 August 2014 10056 Views

RELATED PARTY TRANSACTIONS (RPTS) ………….. Went to the operation theatre once again and came back with ………….some additions, some deletions, some clarity and a lot of confusion The Ministry of Corp

Money Laundering in India

Posted by Ayyswariya RG 16 August 2014 28211 Views

Hi all, Let us start from definition of Money laundering defined under Prevention of Money Laundering act, 2002 & with some insights about its impact on economy. Definition of Money Laundering:- Money laundering involves disguising financial asse

The lament assessee asks "Kya yehi hai ache din?"

Posted by Pradeep Jain 16 August 2014 6298 Views

The most awaited 2014-2015 Finance Budget was presented by Hon’ble Finance Minister, Arun Jaitley on 10th of July 2014. The sugar-coated budget did not aim at bringing any major change due to the reason that there was short time span but still

Banking in India- the fallouts

Posted by BP Inani 14 August 2014 12033 Views

Banking in IndiaBy Mr. Inani BP (Swan Finance Limited) Most of the PSU banks/Scheduled Commercial banks, sitting on Public money are less equipped to understand the nuances of any business that they fund. This promotes the bankers to fall for safe he

Areas to Find Syndicate Bank CMD

Posted by CA Satish Badve 13 August 2014 8870 Views

Though, everybody shows to be surprised when the news of a Bank CMD with CBI, LIC Hsg some time back, the features of this naturewill be observed everywhere in routine financial activities, starting from the base level of the branch till the last lay

Tour Operators: Cry is still on, Budget 2014 partly wiped their tears

Posted by Pradeep Jain 12 August 2014 6325 Views

INTRODUCTION The budget 2014 has arrived and the Honble Finance minister has bought in several, if not many, changes in the service tax regime. In his endeavour to put the indirect tax laws in road to GST, he has avoided major changes but for

CA Final Results Account

Posted by CA Nayan Gupta 11 August 2014 32337 Views

As an intro, I am a CA Final student doing my articleshihp in Deloitte and having my CA Final exams in May'15. Yesterday it was the day, the day when CA final results were declared. There was a great hustle and bustle in the office. Everyone was

Finance Bill 2014 got Presidential assent on 6th August 2014

Posted by Sushil Kr Goyal 09 August 2014 28266 Views

Following changes as proposed by the Finance Bill 2014, became applicable. Amendment - Finance Act, 1994 1) Time limits for adjudication: Time limits for completion of adjudication: (i) 6 months from date of notice, in bonafide cases and(ii) 1 year f