CAclubindia Articles

No Service Tax leviable on Chit Fund Business

Bimal Jain 11 March 2014 at 12:14

Dear Professional Colleague,Chit fund business constitutes transaction in money and not liable to service taxRecently, the Honble Supreme Court of India, dismissed the SLP filed by the Union of India against the judgment of the H

Surveys under the Income Tax Act - Certain Aspects

Guest 10 March 2014 at 17:00

The search and survey operations conducted by the Income tax department, commonly known as Income tax raids (raids), has always been one of the worst nightmares of businessmen, high earners and corporates. Some reasons for this fear bei

Currency Fluctuation - Determinants and Effects

CA Surbhi Singhal 10 March 2014 at 12:42

Currency fluctuation is a phenomenon that is important to understand due to various reasons. At the very outset, it may not seem necessary for individuals who have no export or import business, or for the ones who are not planning a t

Notice from Income Tax Department

CA. Brijesh Baranwal 10 March 2014 at 12:42

One of the biggest worries of income tax payers is getting notice from Income Tax Department. The Department issues notices under various provisions of Income Tax Act. The purpose of the same is to ensure greater tax

AS - 30,31,32 The Terror Begins

Priya Agarwal 10 March 2014 at 12:42

Hedging the Risk: AS 30, 31, 32 instrumentsI have tried to summarize the topic a lot and then reached to this Short cum Lengthy Article :D. I hope it will help.This AS came into effect in respect of accounting period commencing on or after 1-04-2009

CSR spending under Comapnies Act,2013

Yash Nagarkoti 10 March 2014 at 12:42

Corporate Social Responsibility (CSR) means that beyond making profits, a business has social obligations considering the interest of customers, employees, communities, and ecological considerations (i.e. stakeholders) for common good. Thus, CSR is n

Ten lessons to learn from the Facebook-Whatsapp deal (life)

Rohit Jain 10 March 2014 at 12:41

There are two types of people One that create hullabaloo and exaggerate their achievements and others are those who remain behind the scenes and yet conquer the world celebrities, small time actors and publicity crav

Provision of Companies Act, 2013 relating to Auditor

Karan Domadia 10 March 2014 at 12:41

Provision Of Companies Act 2013 relating to Auditor. INTRODUCTION There is a huge tremendous Change in new Provisions under the Companies Act, 2013 with respect to Auditors as compared to the old Companies Act, 1956. The new Act in

Karniti Part 26:1st Step of March end, Prepare Comp. Balance

CA Umesh Sharma 07 March 2014 at 12:36

(March Ending Special Part 1)Take first feet, Prepare Comparative Balance Sheet Arjuna (fictional character): O Krishna, current Financial year is on verge of ending in the month of March. Government departments due to ma

Formulae in Commerce Subjects

P V Ram 07 March 2014 at 12:35

A Formula is a simple way of expressing information. These are usually used in Science and Mathematics apart from commerce areas. Further, more often these are expressed in the form of equat