CAclubindia Articles

Is Current ratio adequate measure of liquidity?

RAVITOSH KUMAR 20 May 2013 at 13:50

Liquidity for any organisation is one the measure for its financial condition such as i. whether it will be a going concern in future, ii. how it will pay off it

Every audit objection doesn't lead to Mens rea/ Penalty

Bimal Jain 20 May 2013 at 13:49

Every audit objection doesn't lead to invocation of extended period and levy of penalty We have summarized the important judgment of the Honble Tribunal in the case of LANDIS + GYR LTD. V. COMMISSIONER OF CENTRAL EXCISE [2013] 32 Taxmann.

Some Ruminations on LBT

M B Abhyankar 20 May 2013 at 13:49

Some ruminations on LBT Agitation in Maharashtra Traders in cities from Maharashtra are rightfully agitating over proposed introduction of LBT because of their concerns about multiplicity of indirect taxes and related compliances Problems with exis

Analysis of Service Tax on work contract

TKKKKKK 17 May 2013 at 12:49

Work contractor definition : Works contract, for the purposes of section 65(105)(zzzza), means a contract wherein,- (i) Transfer of property in goods involved in the execution of such contract is livable to tax as sale of goods, and (i

Entities availing DTAA benefits have to file retun in INDIA

CA. Anuj Gupta 17 May 2013 at 12:49

Those availing of treaty benefits would now have to file returns of their incomes in India, even if those arent liable to be taxed here. The government has changed the Income Tax Rules, making it mandatory for certain classes of assessees, in

The Primary objective of the corporation: Value Maximization

Member (Account Deleted) 16 May 2013 at 14:02

The primary objective of the Finance manager is always to increase the wealth of the shareholders in long term. And this objective is also compared with the profit maximization objecti

Selection of Coaching Institute

CA Suraj Lakhotia 16 May 2013 at 14:02

We are reaching the conclusion of yet another season of ICAI examinations(IPCC and Finals). Soon we will have a batch of candidates completing the CPT exams and enrolling for IPCC. Here comes the biggest questions - Which coaching institute to joi

A CA Student's Saga Part-III

Member (Account Deleted) 16 May 2013 at 14:01

Hi friends, I am again with my Third Version of my story. I dont know what got me into writing this. But surely it can be a case of with you and me. Its my life involved in this story. I am going to start my story from January 21, 20

Quotes on Income Tax

CA SURENDRA KUMAR RAKHECHA 16 May 2013 at 14:01

QUOTES ON INCOME TAX : CA SURENDRA RAKHECHA . . READING OF A "SECTION" GIVES DIFFERENCE RESULTS ! . . 1. At First Reading; you will HARDLY understand it. 2. At Second Reading; "SOMETHING" you will understand. 3. At Third Readin

Overview of Revised Format of Auditor's Report

Rahul Sethia 16 May 2013 at 14:01

Auditors Report is the finale of the professional work of an auditor. It also acts as a means of communication with various stakeholders of the company. After the year 2008, commonly remembered as the year of financial crisis, superior clar