CAclubindia Articles

Concept of board diversity in India

Amitav Ganguly 17 June 2015 at 10:34

MEANING OF DIVERSITYThe term �diversity� of Board of Directors {Board} has not been defined in the Companies Act 2013 or in the listing agreement with stock exchanges. Diversity is statutorily achieved; more particularly function wise, as

Insight into ICDS I & II with reference to IAS 1 and IAS 2

CA ANURADHA BISWAS 17 June 2015 at 10:34

Insight into Income Computation and Disclosure Standard (ICDS) I and II with reference to IAS 1 and IAS 2:-The CBDT has come out with notification for assesses following mercantile system of accounting, to compute income chargeable to income tax und

Reporting under cost audit aligned with eight digit central excise tariff code

CMA Navneet Kr Jain 16 June 2015 at 11:02

Reporting Under Cost Audit aligned with Eight Digit Central Excise Tariff Code for Manufacturing Sector From 2014-15India is a country which introduced the concept of Cost Audits for the corporates. Till 2011, the cost audit report formats were neve

Hamari Aadhuri Kahani. Non receipt of Income Tax Refund!

CA Umesh Sharma 16 June 2015 at 11:01

Arjuna (Fictional Character): Income Tax Department has issued Circular No. 09/2015 dated 9th June, 2015 regarding income tax refund. Taxpayer wants Refund of excess of Income Tax paid

An overview on e-commerce transactions

CA Pankaj Kr Agrawal 16 June 2015 at 10:28

Today e-commerce has become an integral part of everyday life. Accessibility to E-commerce platforms is not a privilege but rather a necessity for most people, particularly in the urban areas. India is witnessing a digital revolution wit

FAQ on New Companies Act, 2013- Auditor's Rotation

CA Sripriya K 16 June 2015 at 10:28

We have been the Statutory Auditors of XYZ Private Limited for 20 years now. Can we sign the financial statements as auditors for YE March 31, 2015. Or should be pave way for another firm on account of Audit rotation. Although Sec 139(2) makes

SS1 - A critical analysis

Ramaswami Kalidas 16 June 2015 at 10:28

IntroductionSection 205 of the companies Act,2013, (herein after referred to as �The Act�)inter alia, enjoins upon the Company Secretary to ensure that the company complies with the applicable Secretarial Standards. The Explanation under

From hotel room to semi finals of the french open

Nimish Goel 15 June 2015 at 11:45

I recently read a news article how Timea Bacsinszky reached the semi-finals of the French Open 2015. The article can be read on:http://www.independent.co.uk/sport/tennis/french-open-2015-former-hotel-worker-timea-bacsinszky-checks-into-semifinals-10

Give your mind the creative kick (that it badly needs)

Rohit Jain 15 June 2015 at 11:44

�Tere bina kick mujhe milti nahi� is the lyric from the popular Salman khan movie �Kick� released in 2014. The reference to a kick in that movie is different from what we need in our life. Kick in our sense means a spark, a jo

Utilization of time after exam

Vikash Maheshwari 15 June 2015 at 11:44

May exams are long over..all those who appeared are now relaxed..awaiting results..unwinding from the gruesome time all have been through.The saga of May-Nov-May seems never ending.Some make it..some again go through the grill�success delayed