CAclubindia Articles

Cash flow statement and its usefulness

CA N RAJA 25 November 2014 at 10:42

MANU CONVERSATION BETWEEN MANU AND VINU ABOUT CASH FLOW STATMENT AND ITS USEFULNESS VINU Manu Hi Vinu! How are you? Vinu Fine Manu! Man

Is KVP a tool to convert black money to white?

CA Umesh Sharma 24 November 2014 at 10:38

Karniti Part 64Is it a tool to convert Black Money into White - Kisan Vikas Patra ?Arjuna (Fictional Character): Krishna, recently the Government has reintroduced the investment scheme of Kisan Vikas Patra. There are many questions rega

FTS u/s 9 of Income Tax Act, 1961

CA Nischal Agarwal 22 November 2014 at 11:33

Installation & Commissioning Expenses are not covered under the definition of FTS u/s 9 of Income Tax Act, 1961 The issue is no longer res integra as it has been held by Honble ITAT Mumbai in case of Bennet Coleman & Co. Ltd. Vs ITO(TD

Loophole in section 139 of the Co. Act, 2013

CA HEMANT SHARMA 22 November 2014 at 11:33

LOOPHOLE IN SECTION 139 OF THE COMPANIES ACT, 2013The legislature in their wisdom decided to plug loopholes of the erstwhile Companies Act, 1956 by inclusion of various new provisions to prevent frauds in the Companies Act, 2013 which were not a part

Service tax adjustment and refund

Annu Agarwal 21 November 2014 at 10:24

Every one of us is already trying our level best to understand the Service Tax provisions, but it is really difficult to cover up all that is written in the Finance Act.Lets get started:Question 1: What all are th

CBEC clarification on availment of Cenvat credit

Bimal Jain 20 November 2014 at 11:04

Dear Professional Colleague,CBEC clarification regarding availment of Cenvat credit on Inputs/ Input Services after six monthsBackground:The CBEC vide Notification No. 21/2014-CE (NT), dated July 11, 2014 (Applicable w.e.f September 1, 2014) [

The Hare Could Win Here !!

Prof. Bajaj 19 November 2014 at 10:29

This is the story of 2 friends viz Amar and Rakesh. Both were from middle-income family backgrounds. Both joined same company at the same salary level of around Rs. 23,000 p.m.We all have heard the story of a hare and tortoise wherein the hare was fa

How do Internal Controls manifest in an Organization?

Tulasi S Sastri 19 November 2014 at 10:29

In my last article, “Internal Audit under the new Companies Act 2013 – Opportunity or Responsibility for the Internal Auditor?”, released through this medium on 11th November 2014, some of the key words used were, Orderly and Effici

Meaning of Debit Note & Credit Note

Ankur Dudani 19 November 2014 at 10:28

#!,This Article contains Detainled Information about Debit Note & Credit NoteDebit note is a note sent by one party to another informing him that his account is debited in the sender's book.e.g. P (Purchaser) Purchased goods from S (Seller)

Advocates alone are entitled to Practice, Plead and Act before the revenue authorities

BSKRAO 19 November 2014 at 10:28

(1) When the Deptt. is taking so much of security measure for e-filing of tax returns through only Assesses Digital Signature Certificates etc., person filing the return in the capacity of Individual, HUF and Artificial Juridical Person should only a