CAclubindia Articles

Central Excise on Jewellery: Whether fears are real?

Posted by Ashish Chaudhary 01 April 2016 14407 Views

BackgroundExcise Duty has been imposed on the article of jewellery in the Union Budget 2016-17. There has been protest by trade fearing the nuisances of excise. There fear is not without justifiable reasons

A Note on CSR

Posted by Raman Singh 01 April 2016 9483 Views

A NoteSection 135 � Corporate Social ResponsibilityEligibility:Every Company having: Net Worth - Rs. 500 Crores or more; or Turnover - Rs. 1000 Crores of more; or Net Profit -

Hedge Accounting as per IND-AS

Posted by Rahul Magan 01 April 2016 66648 Views

Purpose of the Article:- Hedge accounting is a method of accounting where entries for the ownership of a security and the opposing hedge are treated as one. Hedge accounting attempts to reduce the volatility created by the repeated adjustment of a fi

Computation of Base Rate based on Marginal Cost of Funds

Posted by CA Sumat Singhal 31 March 2016 9209 Views

The Reserve Bank vide its circular DBOD.No.Dir.BC88/13.03.0/2009-10 dated April 9, 2010 introduced the Base Rate system with effect from July 1, 2010, which replaced the Benchmark Prime Lending

Amendment in Direct tax for IPC exams

Posted by CA Arpita Tulsyan 31 March 2016 17685 Views

Basic Rates of Taxes remain the same. Surcharge The rates of surcharge applicable for A.Y.2016-17 are as follows -(i) Individual / HUF/ AOP/ BOI/ Artificial juridical person/ Co-operative societies/Local Authorities/Firms/LLPs: Where the total income

Can low cost providers offer the best financial planning services?

Posted by Ramalingam K 22 March 2016 4433 Views

What do sportsmen like Lionel Messi, M S Dhoni, Tiger Woods, Serena Williams and Novak Djokovic have in common? Well they lend value to the country, club or team which they are associated with. It is their skill set which help their respective teams

Amendment in Provisions of Section 185 as per Companies (Amendment) Bill, 2016

Posted by CS Divesh Goyal 22 March 2016 19058 Views

Amendment Provisions Loan to Director: New Section 185 (1) � Any director of Company, or of a Company which is its Holding Company or

Scope in Internal Audit

Posted by Shubham Gupta 21 March 2016 22682 Views

Internal AuditAudit technique underlying internal auditing is derived from management consulting and public accounting professions, the theory of internal auditing was conceived primarily by Lawrence Sawyer (1911-2002), often referred to as "the

Real estate bill - Cheers for Buyers and what for Builders ?

Posted by CA Neha Gupta 18 March 2016 11386 Views

The Real Estate (Regulation and Development) Bill, 2016 is finally approved by the Lok Sabha and is gifted to the nation by our Prime Minister, Shri Narendra Modi. How this bill will

Rectification and Issues Related to Rectification of Income Tax Return

Posted by vignesh 18 March 2016 33149 Views

Rectification and Issues Related to Rectification of Income Tax ReturnRectification has become easy since switchover to online but it has its own limitation. In this articleI will be covering almost every point related to rectification in terms of:&b