CAclubindia Articles

Understanding sale and deemed sale

R.S.. 21 May 2013 at 12:00

Hi Friends, This is my first article on CAClub. The main idea of this write up is to clear the concepts of "Sale", "Deemed Sale" & the main reason for introducing the concept of "Deemed Sale". I would like to requ

Stock Audit

Nitin Agrawal 21 May 2013 at 11:59

A cash credit limit against hypothecation of Stock & Debtors is very commonly adopted as a mode of finance. In such case the borrowers are required to submit stock statements showing details of Stock (RM,WIP,Consumables,FG) & Debtors so that

Basic understanding of an EPC Contract

CMA Ramesh Krishnan 21 May 2013 at 11:59

Introduction: EPC contract is a very popular type of contract in the contact management module. Full form of the word EPC is Engineering, Procurement & Construction. EPC module contract mostly used in inf

Stop your repetitive failures now

CA SURENDRA KUMAR RAKHECHA 21 May 2013 at 11:54

(Not restricted to exams only ) After reading the heading of the article; students might be thinking that I will provide them some magical tricks. . If this could happen; at least a CMA might be called a

3 Idiots - Are we Raju Rastogi?

Commerceshala 20 May 2013 at 13:51

3 IDIOTS of real world - Are we Raju Rastogi? Apart from being a super hit revolutionary movie it has showcased students life in the best possible manner. We all have Rancho, Farhan and Raju Rastogi in our lives. Sometimes you are one of the

Do you know some vital facts related to your credit cards?

Pranab 20 May 2013 at 13:50

In this urban world we all strive to have a credit card for ourselves, which is not at all wrong. But during the course of its use we all must have faced or facing some bitter experience related to this product and to our great surprise our esteem

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