CAclubindia Articles

Types of Internal Audit

CA.Mathew Jacob 01 June 2015 at 10:59

Types of Internal AuditWe all are quiet familiar with Internal Audits. Let me now brief you about the different types of internal audits.Information Systems Audit: Information Systems Audit is conducted to ensure proper functioning of the information

Depreciation under Companies Act, 2013

CA Rohit kapoor 01 June 2015 at 10:59

SCHEDULE II OF THE COMPANIES ACT, 2013(DEPRECIATION) AND THE PRACTICAL IMPLICATIONSo Friends, the time for Preparation of the first financial statements as per Companies Act is here. One of the most important provisions of the Act for the Companies a

Related party transactions as per new Companies Act, 2013

CA Mohit Bansal 01 June 2015 at 10:59

MEANING OF RELATED PARTY TRANSACTIONSSpecified Transaction1. Sale, Purchase or Supply of any goods or materials directly or through appointment of agents2. Selling or otherwise disposing of, or buying property of any kind directly or through appointm

CSR global concept incarnated at grassroot level

Xavier Albuquerque 01 June 2015 at 10:55

"Friends, together, we can achieve a new phase of globalization - one that creates inclusive and sustainable markets, builds development and enhances international c

Export condition fulfilled even if payment is received in Indian Rupees

Bimal Jain 30 May 2015 at 11:16

Dear Professional Colleague,Export condition fulfilled even if payment is received in Indian RupeesWe are sharing with you an important judgment of the Hon�ble Mumbai Tribunal, in the case of Sun-Area Real Estate Pvt. Ltd. Vs. Commissioner of S

Check that cheque!

Pooja Tewary 30 May 2015 at 11:16

All of us encounter cheques on frequent basis. My urge to know more about the cheque begum when I was handed over the stipend cheque last month. All this while I had never paid heed to the intricacies of a Cheque. The only number I would focus when m

Why KYC

Raghavendra Prasad M 30 May 2015 at 11:16

Dear Tax Payers , KYC is the buzzword first in Banks, next in Insurance Companies, and then Chartered Accountants offices .The Prevention of Money Laundering Act,2002 and Rules came into force from 1st July,2005, i.e., complet

The Companies Amendment Act, 2015

CS Divesh Goyal 30 May 2015 at 11:15

New Delhi: The RAJYA SABHA on 13th May 2015 passed the Companies (Amendment) Bill, 2014, which provides for severe punishment for those raising illegal deposits from the public.The LOK SABHA in 2014 passed the Companies (Amendment) Bill, 2014, after

Powers of High Court - Settlement Commission

CA Nischal Agarwal 30 May 2015 at 11:15

High Court has power to decide the correct position of law on admitted facts before Settlement CommissionReliance in this connection can be placed on the decision of Hon’ble Apex Court in case of M/s Asahi India Safety Glass Ltd reported in 201

Eligible activities for Corporate Social Responsibility (CSR) expenditure

Sahil Jolly 29 May 2015 at 11:38

Activities which are eligible for CSR expenditure in pursuance of Schedule VII of the Companies Act 2013 are as follows: Eradicating hunger, poverty and