CAclubindia Articles

Financial Statements of Banks

P.T.S. MURTHY 18 March 2015 at 10:20

Bankers are familiar with Profit & Loss Account and Balance Sheet of Corporates as they day in and day out read, analyze, disseminate information for processing the credit requirements of the borrowers. They calculate

Section 92 - An identity crisis for promoters

Sundharesan Jayamoorthi 18 March 2015 at 10:20

Section 92 –An Identity Crisis for Promoter 92 of the Companies Act, 2013 (“Act”) require all companies including private companies to list out details in the prescribed format containing particulars as they stood on the close of t

Baggage Rules

CMA Poornima Madhava 17 March 2015 at 10:41

Baggage RulesWhat is meant by Baggage? It is the luggage of the passenger travelling by air or sea from one country to another It also means all dutiable goods imported by a passenger or a member of crew in his/her baggage Baggage INCLUDES unaccompan

Post Budget 2015 Memorandum - Key concerns on Union Budget 2015

Bimal Jain 17 March 2015 at 10:36

ISSUES FOR AMENDMENTS OR CLARIFICATION BY THE CBEC UNION BUDGET 2015 Amidst huge expectations, the Honble Finance Minister Shri. Arun Jaitley presented the first full-year Union Budget of the Honble Prime Minister Shri. Narendra

GAAR Conundrum

Gagan Deep Singh 17 March 2015 at 10:36

When Budget 2015-16 was rolled out by our Honorable Finance Minister Mr. Arun Jaitley then plethora of flak faced by our Government from opposition and critics that this budget was pro-industrialists and anti-poor and in their argument they cited a

State VAT & CST on E-Commerce Transactions

Rakesh Garg 17 March 2015 at 10:36

A significant number of web sites, such as, Amazon.in, Flipkart.com, Snapdeal.com, eBay.in, etc., are engaged in E-Commerce (E-Com., in short) activities in India. The two major forms

Interest income from India - Foreign Remittance - Taxation

CA Rohit Gupta 16 March 2015 at 16:41

International Tax UpdateInterest Income from India- Foreign Remittance- TDS u/s 195 A. Taxation as per Domestic Law:A.1. Definition of Interest2(28A) "interest" means interest payable in any manner in respect of any moneys borrowed or debt

Import and export mandatory documents reduced

Member (Account Deleted) 16 March 2015 at 10:30

Mandatory documents required for import and export of goods reduced to three documents each (w.e.f 1st apr,15): India took a step forward in improving 'Ease of Doing Business' by reducing the compulsory documents required for import and expor

5 books that can change your life & career

Nimish Goel 16 March 2015 at 10:21

I have been getting requests from some of the readers of my blog on the kind of books one should read. As majority of you would have realized through my blog posts that I am always of the view that one should develop a keen habit to read and read go

Taxpayers follow March end Rule Otherwise you may be an April Fool

CA Umesh Sharma 16 March 2015 at 10:21

KARNEETI Part 80Taxpayers follow March end RuleOtherwise you may be an April FoolArjuna (Fictional Character): Krishna, the last month of Financial Year 2014-15 March is here. Everyone is in haste due to March end f