CAclubindia Articles

Loan to director u/s 185 of Companies Act, 2013

CA SONIYA AGARWAL 28 November 2014 at 10:32

Section 185 of the Companies Act, 2013 provides for loans to directors.Section 185 now applies to all companies including private companies.A Company shall not directly or indirectly advance any loan or give any guarantee or provide security to any

Take calculated risks & grow

CA PANKAJ 27 November 2014 at 13:36

Calculated risk- the word is enough to identify who are Entrepreneurs. Entrepreneurs are not risk takers, rather they are Calculated Risk takers. That differentiates them from the rest of crowd. One of the great professors Mr. Green from Babson Colle

Department cannot adjust unconfirmed demand against refund payable to the assessee

Bimal Jain 27 November 2014 at 13:36

Dear Professional Colleague,Department cannot adjust unconfirmed demand against refund payable to the AssesseeWe are sharing with you an important judgement of the Honble CESTAT, Delhi in the case of Bharat Sanchar Nigam Ltd. Vs. Commissioner

Business Enabler - Something that we CA's need to be!!

Sumeet Kapur 27 November 2014 at 13:35

Do not book unrealised gains but provide for all potential losses this is the most commonly taught convention of conservatism to all of us who studied CA. We follow it so much throughout our work life, that uninten

Cracking CA Final not difficult

Ashwini Nirgude 27 November 2014 at 13:35

My Dear Friends, I would like to ask you Is CA Final Cracking difficult? Many of you must be thinking that it is difficult. But let me tell you its not so. Its just a matter of effort. Rather I will call it a smar

Complete Audit: A new look at social audit

DR. NEERAJ MEEL 27 November 2014 at 13:35

Abstract It is a Research paper. The purpose of this article is to evaluate the current state of social audit. Analyzed the importance of social audit in every social activity. Universal imperatives of social audit are shown with examples.

Transfer Pricing - Flexing Muscles!

Shri Shri 27 November 2014 at 13:35

Recently the high court has ruled in favour of the Indian arm of Shell Plc in a tax case that made waves internationally in a transfer pricing case thereby affirming that it is not difficult to do business in India. The highlight is that the revenue

How do we assess the quality of Fixed Asset Record and related Controls?

Tulasi S Sastri 26 November 2014 at 10:53

Internal Financial Controls, under the Companies Act 2013, are Policies and Procedures, adopted by the company for ensuring orderly and efficient conduct of business, and among others, include, Safeguarding of its Assets. Let us see the

Read Balance Sheet in 3 Simple Steps!

Ashutosh 26 November 2014 at 10:53

If you have been studying Business, Finance, Economics then chances are that you are going to work in these domains. You definitely need to know some basic principles in order to understand & manage the finances better. During an interview for th

Life Of A Fauji: Lessons for Chartered Accountants

Nimish Goel 25 November 2014 at 10:43

Recently I watched a very old TV serial Fauji starring Shahrukh Khan. A lot of you perhaps wont even know that Shahrukh Khan started his career acting in TV serials and then went to the Bollywood. This serial was based on the t