CAclubindia Articles
Transparency required in allotment of PSU and Bank Audit
Dear CA friends, Arbitrary criteria exist for the allotment of audit of public sector units. Every department made their own different rules and conditions for appointment though there is existence of ICAI Multipurpose empanelment form(MEF). There is
Rule 6(3): Cenvat Credit Rules
CENVAT CREDIT AVAILABLE VS CENVAT CREDIT TAKENALARMING AMENDMENT IN RULE 6(3) OF CENVAT CREDIT RULES(a) A manufacturer who manufactures two classes of goods namely:- Non exempted goods removed Exempted goods removedOr(b) a provider of output servic
How to maintain safe distance from the IT department !!
Do you want to keep an Arm�s Length Distance from the Income Tax Department?Obviously the Answer is YES !!! But the question here is HOW ???Here are a list of expenses/ investments, which at any point of time performed by you may invite undue a
GST- A Broad Overview
Introduction of Goods and Service Tax (GST) will indeed be the next logical step towards a widespread indirect tax reforms in India since the introduction of Value Added Tax in 2005. The reference of GST was first made in
Comparison of CARO reporting as per Companies Act, 2013 and Proposed Caro (2016)
Comparison of CARO reporting as per Companies Act, 2013 and Proposed Caro (2016)The Ministry had set-up a Committee on 16th September, 2015 to examine and recommend matter for inclusion in the statement to be attached with Auditor�s Report unde
To be or not to be; a dropout
Dropout seems to be the emerging thing in the field of education; no longer introducing you as a professional from IIT, IIM or for that matter a Harvard may matter. Dropout seems to be the most popular word after �Selfie�. Is dropout a ne
Sector specific banks: Need of the hour in India
It is very important to understand the current banking industry�s way of working. Major banks in the country are under the ownership of the Government post nationalisation. These are public sector Banks having highest exposure to lending and so
Why do you need travel insurance, if you are studying abroad?
During early 80's or 90's the Indian population was still discovering its feet when it's comes to studying abroad. The phenomena of venturing out for higher education was mostly restricted to students either passing out from top tie
Understanding Security Review Program
When do we consider that Information system assets are secure ?We consider them secure when the expected losses that will occur over some time are at an acceptable level.From the above it is evident that it is not possible to safeguard all assets and
Deemed public company - Subsidiary of Public Limited Companies
A. History:The Companies Act, 1956 provides for two kinds of Companies: Private and Public. However, prior to amendment of the Act in the year 2000 by Companies (Amendment) Act, 2000 w.e.f. 13th December 2000, one more type of Companies prevailed, i.
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