CAclubindia Articles

Replacing all taxes with banking transaction tax !

CA Anil Garg 10 January 2014 at 13:58

In prelude to General Elections, several radical ideas are being circulated. Baba Ramdev is believed to have propounded this idea, supported by Gadkari and finally, endorsed by Modi, though they have not committed to it as yet. Let us examine the mer

Eligibility of Input Service Credit - Sales Commission

Madhukar N Hiregange 09 January 2014 at 14:03

The cenvat credit scheme is a beneficent legislation and allows for credits used for manufacture or service. Sales commission is paid for the following reasons: market creation/development, advertisement, sales promotion activities, identifying poten

Loans to directors sec 185 (295 of old act)

sachin pathak 09 January 2014 at 14:03

Loan to directors, etc. (Section 185 refer old act Section 295)This section was commenced on 12 September 2013. It is form the old Section 295 of the Companies Act 1956185. (1) Save as otherwise provided in this Act, no company shall, directly or ind

Short-comings of Safe Harbour Rules

Mihir Manohar 09 January 2014 at 14:03

In this article I have made an attempt to highlight the shortcomings of Safe Harbour Rules of India. Smog prevailing on the conditions of Insignificant Risks.Safe Harbour rules in one segment are applicable to Assesses extending Loans t

CAS - 4 and Rule 8 of Central Excise Valuation

Ayyswariya RG 08 January 2014 at 12:46

Hi all, This article is going to be on CAS-4 (Cost Accounting Standard 4) issued by the Council of the Institute of Cost and Works Accountants of India along with the Guidelines on cost of production for captive consumption (Under Rule 8 of the Centr

Provisions relating to Acceptance of Fixed deposits

G S Rao 08 January 2014 at 12:05

Introduction: Companies normally raise funds through issue of Equity/preference shares, debentures, commercial papers and inter corporate loans. Fixed deposits are also one of the instruments available to a company to raise funds to meet its short te

CRM Strategy for the CA firm

Anurag 08 January 2014 at 12:05

Executive Summary The world around us is witnessing a spate of changes. The forces of globalisation, internationalization of business, outsourcing and competition from alternate service providers/offerings have led firms to dispense with the age-old

5 Reasons why you should Invest through the SIP Route

CA Surbhi Singhal 08 January 2014 at 12:04

A Systematic Investment Plan or SIP, as it is popularly known, is a vehicle offered by Mutual Funds to help investors save regularly by committing a fixed amount of investment in a scheme periodically, normally a month. The units are

Role of Auditor in the New Companies Act

Varun kumar 08 January 2014 at 12:04

As per the Company 2013, the auditor's responsibility has been enhanced to a great extent and the manner of appointing him has also been changed, when compared to companies Act, 1956. We here discuss briefly abou

Acceptance of Deposits under New Companies Act, 2013

RAJIB MOHANTY 06 January 2014 at 12:52

The Companies Act, 2013 (2013 Act) was assented by the President of India on 29 August 2013 and published in the Official Gazette on 30 August 2013. The New Act is expected to facilita