CAclubindia Articles

Admission to IPCC Small Amendment Big Impact

CA Siddhartha Bhardwaj 28 January 2015 at 10:51

ICAI has amended Regulation 28E of the Chartered Accountants Regulations, 1988 vide Notification No. 1-CA(7)/167/2014 dated 23rd January, 2015.On reading this sentence few questions crop up.What is Regulation 28E? What is the amendment? What is t

Comparison of IND AS 2 and existing AS 2

Aadarsh Gupta 28 January 2015 at 10:51

Ind AS 2 and existing AS 2 The principles laid down in Accounting Standard (AS) 2, Valuation of Inventories, are well established and the principles laid down in Ind AS 2, Inventories, are almost similar to the pr

Variable Interest Rates - Service Tax

CA Prakash Sajnani 28 January 2015 at 10:51

Variable Rates of Interest for Delayed Payment of Service Tax Prescribed By Notification No. 12/2014-ST Dated 11-7-2014:- To encourage prompt payment of Service tax, new interest rates on delayed payments under Section 75 of the Finance Act, 1994, wh

Case Study on Related Party Transactions

Nisha Sharma 28 January 2015 at 10:51

This article is a case study on section 188 i.e. entering into contracts or arrangements with a related party with respect to: Case Study: Parties for which the case is to be discussed: a. ABC Pvt Ltd, a Company incorporated under Companies Act, 1956

Start ups beware: Do apply for commencement certificate

Paras mehra 27 January 2015 at 11:22

Imagine a scenario, where you start a business, you do a lot of hardwork, and you built a very useful product (website or app) and VentureCapitalist like your product and they wanted to invest int

Test of Integrity for an Independent Director under Companies Act 2013

Sundharesan Jayamoorthi 27 January 2015 at 11:21

The Companies Act 2013 (referred as the Act) has introduced lot of funny governance compliances and every Independent Director requiring to issue a declaration of integrity under section 149(6)

SC discontinue practice of printing hard copies of judgments

Bimal Jain 27 January 2015 at 11:17

The Honble Supreme Court vide Circular F. No. 4/SG/2015 dated January 21, 2015 has decided to discontinue the practice of printing and rolling out hard copies of Judgments by the Editorial Branch of the Registry for contingent/miscellaneous re

Enjoy the "Tax Parade" On Republic Day

CA Umesh Sharma 27 January 2015 at 11:16

Karniti Part 73Enjoy the Tax Parade On Republic DayArjuna (Fictional Character): Krishna, on 26th January, India celebrates its Republic Day. On this Republic Day the President of the United States of America Mr. Barack Obama wi

Prepare for CA Final May 2015

CA ANKUSH AGGARWAL 27 January 2015 at 11:16

Greetings to all CAclubians and guest readers!!! Friends!! I recently qualified my Chartered accountancy. I feel like I should share some tips with all my friends who are appearing for May 2015 exams. I am not telling you here about any study plans o

Revision in stipend rates payable to CA articles

CA Siddhartha Bhardwaj 27 January 2015 at 11:16

Regulation 48 of the Chartered Accountants Regulations, 1988 provides for payment of minimum monthly stipend to articled assistant.The said regulation has been amended by ICAI vide Notification No. 1-CA(7)/167/2014 dated 23rd January, 2015.The minimu