CAclubindia Articles

Professional involvement in preparation of annual return

Posted by CS Divesh Goyal 17 September 2015 11633 Views

Annual return is an important document, designed to provide information to stakeholders about the company, promoters, members, meetings and remuneration of directors and key managerial persons (KMP).The intention of legislation under Companies Act, 2

4 weird facts about the Chinese stock market

Posted by Karishma 16 September 2015 17629 Views

Striking similarities between Nasdaq 2000 and 2015 Shanghai Composite Index: The fourth quarter of 1999 marked the beginning of the dot com boom, projections for online companies were huge and people rushed into buying stocks. On Sept 6, 1999 the NA

Basic about income tax department

Posted by CA Ram Bajaj 16 September 2015 51369 Views

Introduction � Income Tax Return, Audit is normally filled online at income tax department website. Herein I would like to discuss some basic knowledge about the working of income tax department. Generally, after become CA, it is very hard to g

Quick tips and inspiration for CA students

Posted by CA Seema Lalchandani 16 September 2015 27839 Views

Hi everyone!! Exams are approaching and you all must be very busy in preparation of exam. You all have approx 45 days to go for the exam and the exam fever is on its high!! So here are few words of inspiratio

Section 8 Company

Posted by Sudish Kumar Gupta 16 September 2015 19781 Views

This section corresponds to Section 25 of the Companies Act, 1956 and empowers the central Government to register an association as limited company having charitable objects to promote commerce, art, science, sports, education, research, social welfa

Ind-AS: convergence with IFRS: GAAP GAPS summarised

Posted by rajkumar jain 16 September 2015 16066 Views

The MCA had issued a notification dated 16 February 2015 announcing the Companies (Indian Accounting Standards) Rules, 2015 for applicability of Indian Accounting Standard (Ind- AS).Ind-AS are converged IFRS and applicable in a phased manner to India

Foreign Institutional Investors

Posted by CA Barkha Bhasin 15 September 2015 13005 Views

Meaning of 'Foreign Institutional Investor - FII'The term is used most commonly in India to refer to outside companies investing in the financial markets of India. International institutional investors must register with the Securities and

Understanding of 44AB -Tax Audit

Posted by BHARAT PAUDEL 14 September 2015 119434 Views

Understanding of 44AB Tax AuditIntroductionThe main objects of any audit are : To certify to the correctness of the financial position as to shown in the Balance sheet, and the accompanying revenue statements, The detection of errors, The detection o

Ind AS - A convergence to IFRS. Whether a Nightmare?

Posted by P.R. Sethuraman 12 September 2015 17757 Views

It is not an article on procedures and technicalities of IFRSs but a generic one for a common man who is more concerned with results than with accounting intricacies and sophistications. The term IFRS has four components �International- Financi

Gift (Receipt without Consideration) to Persons other than Individuals & Hindu Undivided Family

Posted by CA Preksha Choraria 12 September 2015 18570 Views

*What is Gift?In Layman�s language, gift is transfer of goods or property (movable or immovable) from one person to another without consideration. As per Income Tax Act, Receipt without consideration or Receipt with inadequate consideration, by