CAclubindia Articles

The Companies Act, 2013 - Provisions relating to Independent Directors

G S Rao 13 September 2013 at 12:05

Introduction: Having received the assent of the President of India, The Companies Act, 2013 has come into existence on 29.08.2013 which will replace the old Companies Act, 1956. As per Section 1 of the new Act, different sections of

Practical approach for Professional Course with Self study: Part-1

CMA Ramesh Krishnan 12 September 2013 at 13:06

Practical approach for Professional Course with Self study (Part-1) Introduction: In the present competitive scenario, doing professional course is the basic requirement for any career field, even after completion of graduation and joining with so

Work carried out on lump sum basis is not supply of Manpower

Bimal Jain 12 September 2013 at 13:06

Dear Professional Colleague, Work carried out on lump sum basis does not falls under supply of manpower services We are sharing with you an important judgement of the Honble CESTAT in the case of M/s. Shri Bileshwar Khand Udyog Sahakari Mand

The value of goods supplied or provided free by a service recipient

RENGARAJ R.K 12 September 2013 at 13:05

The value of goods supplied or provided free by a service recipient under construction of commercial or industrial complex service, do not comprise the Gross amount under Notn.no.15/2004. Landmark judgment. Introduction: In a landm

Accounting Standard 2 simplified

Siddharth Kadakia 12 September 2013 at 13:04

Introduction Why is valuation of inventory so important? From a lay mans perspective there can be two reasons. Firstly since the closing stock of the previous year becomes opening stock of the current year and it goes because of the going c

Capital gains tax valuation (Immovable Property)

Mohammed Ibrahim 12 September 2013 at 13:04

Capital Gains Tax Valuation. (Immovable Property) (Keywords: Under Income-tax Act 1961 as amended from time to time, classification of Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG), Cost Inflation Index (CII), computation of

Leadership role for social and ethical accounting!

Kannan Iyappan 12 September 2013 at 12:40

Top managers provide the blueprint for what a firms corporate culture should be. If the leaders fail to express desired behaviours and goals, a corporate culture will evolve on its own whic

Note on Forfeiture of Shares - Part II

Ajay Mishra 10 September 2013 at 11:42

You have read the introductory and procedural part on Forfeiture of shares under my earlier article in Part I posted on this CCI club. In continuation on the above subject, Part II deal with Board Powe

Service Tax Implications on Auxiliary Educational Services of Educational Institutions

CA.Manindar Kakarla 10 September 2013 at 11:42

Service Tax Implications on Auxiliary Educational Services of Educational Institutions Introduction: As everyone are aware that services provided by educational institutions by way of pre-school education, higher secondary school and education as

What is a One Person Company?

CA Abhishek Malpani 10 September 2013 at 11:41

The recently enacted Companies Act 2013 has introduced us to a new form of business organisation in the country, viz., One Person Company (OPC). OPC is a significant and innovative idea of an organisation model.