CAclubindia Articles

Excise Duty on Jewellery - A Nightmare

Posted by Amrit Dalmia 27 May 2016 14001 Views

In this year�s Budget, a nominal excise duty of 1% [without CENVAT Credit on Capital Goods and Inputs]and 12.5% [with CENVAT Credit on Capital Goods and Inputs] has been imposed on articles of jewellery [excluding silver jewellery, other than s

Solved paper of Corporate & Allied Laws for CA Final May 2016

Posted by Tejpal Sheth 27 May 2016 9622 Views

Question 1(a)Explain the law laid down under the Companies Act, 2013 in respect of filing of annual financial statements with Registrar of companies. In the following two situations who is liable for the default.i. Where financial statements of the c

Roller coaster or an aircraft?

Posted by Prof. Bajaj 27 May 2016 3925 Views

In A Roller Coaster, the starting point and ending point is the same.In Aircraft, your starting point is a different city / country than your destination at end of the journey. In A Roller Coaster, your purpose is to have fun in the ups and downs. Yo

Full CPT revisionary notes applicable for June 2016 exams

Posted by CA Arpita Tulsyan 27 May 2016 10662 Views

Accounting � An IntroductionMeaning and Scope of AccountingTransaction is used to mean �a business, performance of an act, an agreement� while event is used to mean �a happening, as a consequence of transaction(s), a result.�Meaning of AccountingAccounti

IFC - Relevance of Information Technology in Internal Controls

Posted by Rahul Magan 27 May 2016 6033 Views

The purpose of internal controls is to identify, manage and control risks that could prevent the organization from achieving its objectives. The information technology (IT) function designs, develops, implements and maintains much of an organization&

ST - Interest rates changed again !

Posted by SPRao 26 May 2016 12178 Views

Service TaxInterest Rates Changed Again!There are two provisions under Finance Act, 1994 dealing with interest on delayed payment as given below: Sl. No Situation Section No. 1 Am

3 steps to control risk in your investment portfolio

Posted by Ramalingam K 26 May 2016 7611 Views

Any investor would agree that ignorance and lack of awareness in the investment field can prove to be expensive. In the world of finance and investment, risk management is very closely related, rather necessary for measuring performance. Understandin

All about internal financial control (IFC)

Posted by CA Sumat Singhal 26 May 2016 291498 Views

What is Internal Financial Control (IFC)? (Sec 134) As per Section 134 of the Companies Act 2013, the term �Internal Financial Controls� means the policies and procedures adop

Beware: tax evaders take bath in this "Kumbhmela" of income declaration scheme 2016 or else?

Posted by CA Umesh Sharma 25 May 2016 11210 Views

Arjuna(Fictional Character): Krishna, by taking a holy bath in Kumbhmela, a person purifies himself. Now the Income Tax Departmen

Assessment of HUF with perspective of important & recent cases

Posted by CA. Harsh Rathi 24 May 2016 12398 Views

Hindu Undivided Family(HUF) - A fresh perspective with important & recent case laws:Background:U/s 4 of the Income Tax Act, 1961 income tax is payable by �every person�. U/s 2(31), Person is defined to include a Hindu Undivided Family