CAclubindia Articles


Convenience at the cost of Security? Bad Deal!

  Prof. Bajaj    21 August 2014 at 11:55

A few days back, I went to pick up my daughter from her school. The school has a good system wherein whoever comes to pickup the child, has to show the bearer card, so that the teacher knows that the child is being picked up by the authorised person.



Related Party Transactions under Sec 188 of Co Act,13

  CS M.Kurtrala Nathan    21 August 2014 at 11:54

Introduction:Related party for a company includes promoters, those who exercise significant influence on the management or key employees. Holding and subsidiary companies, group companies and joint ventures are also deeme



Interest under Service Tax

  AKASH PHOPHALIA    20 August 2014 at 11:14

Interest Hammer on assessee- Illustrated Interest on Service Tax is charged in accordance with the provisions of Section 75 of Finance Act 1994. Rate of Interest up to 01/10/2014 is simple interest of 18% per annum on delayed payment of tax (3% conce



Varishtha Pension Bima Yojana

  CA Chirag Chauhan    20 August 2014 at 11:14

1. Introduction: Government of India in the Union Budget 2014-2015, announced the revival of Varishtha Pension Bima Yojana. Excerpts from budget speech by Honrable Finance Minister are, "NDA Government during its last term in office had introduc



Tips to handle Strategic Financial Management paper [SFM]

  Ankur Garg    20 August 2014 at 11:12

Dear Students, During my contribution to various sections of Caclubindia like Forum, Articles and Expert section, many times I have come across a common issues faced by student which is how to prepare for SFM subject. Although I have ne



Suggestion for CA Final and IPCC Audit paper Nov' 2014

  Ankur Garg    20 August 2014 at 11:12

Dear CA Aspirants, As we all are aware about the fact that Audit is a very crucial subject for Chartered Accountants from exam and professional careers point of view. Audit is not that subject which leaves you once you passed all your exams. A



Risk based audit

  Deepika Agarwal    20 August 2014 at 11:12

INTRODUCTION Many of us think that the job of an auditor is very fascinating and easy, but it is not so, the job of an auditor is very hectic and involves lot of hard work and commitment. It involves checking whether the financial statements of the en



Service Tax on Truck Owners

  AKASH PHOPHALIA    20 August 2014 at 11:12

Service Tax on Truck Owners Services provided by way of transportation of goods by road are in the negative list in clause (p) of Section 66D. However, such clause makes an exclusion of services provided by Goods Transport Agency. Thus, it can be inf



Steps in Ledger Scrutiny

  CA Satish Badve    19 August 2014 at 11:19

Ledger scrutiny is part of audit procedures, like vouching, posting etc.The scrutiny is required in all type of audit whether the same is Internal Audit, Statutory Audit. Ledger scrutiny is to be done for all type of clients whether the same is Pvt



Acceptance of Deposits

  KARTIKEY    19 August 2014 at 11:19

Acceptance of Depositunder the Companies Act, 2013w.e.f. 1st April, 2014I. Meaning of the word DepositsAs per Section 2(31) the word Deposit has been defined as follows:Deposit includes any receipt of money by way of depos




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