CAclubindia Articles

Karniti Part-10: After Diwali,Take care of health exps & Income Tax

CA Umesh Sharma 12 November 2013 at 17:54

Medical Expenses and Income Tax Arjuna: Madhava, just now Diwali festival has been celebrated. On the occasion of Diwali, we have discussed how books of accounts to be maintained and if one has to start new business then which tax laws are required

Taxation of Works Contracts under TN VAT act/ Rules - 3rd Revision

P.Jagadeeswaran 12 November 2013 at 12:59

Taxation of Works Contracts under TN VAT Vs Profit maximization in project execution. Meaning of Works Contract in TN VAT: Sec 2(43) defines as "Works Contract" includes any agreement for carrying out for cash, deferred payment or other valuable cons

XBRL Simplified

CA Chiranjiv Kumar 12 November 2013 at 12:59

What is XBRL?Standard definition - XBRL stands for eXtensible Business Reporting Language. It is a language for the electronic communication of business information, providing major benefits in the preparation, analysis and communication of business

Transparency in Corporate Restructuring along with Ambiguity

Mohit 11 November 2013 at 13:05

With robustness and Transparency which New Companies Act offers, it has also bought lot of ambiguity and unnecessary issues which needs to be clarified by MCA. The New Act has introduced many new concepts as compared to the existing Act and made mate

The Passion of Communication: Power of Semantics

Guest 11 November 2013 at 13:04

01. PREAMBLE 'SEMANTICS' is all about choosing the most appropriate word/words priority-wise and impact-wise when one begins to communicates. It is the first of the 'six' communication and presentation barriers that can help you to equip better to be

Forex rates movement- "Classical Interest rate differential theory" and its practical limitations

Srikanthan 11 November 2013 at 13:02

Forex rates movement-Classical Interest rate differential theory and its practical limitations Let me start with a caveat, inter se movement between currencies and the premia or discount that one currency commands over an

Fundamentals of Accounting

Dintakurthi Tirumala 11 November 2013 at 12:59

There are three types of accounts basically in the accounting, all the accounting entries shall be based on this accounts, these account types decides the nature of account and based on such nature of account treatment shall b

Insider Trading: Indian Perspective

CA Bhavik Mehta 11 November 2013 at 12:58

The buying or selling of a security by someone who has access to material, nonpublic information about the security.Insider trading can be illegal or legal depending on when the insider makes the trade: it is illegal when the material information is

The Companies Act, 2013 - Provisions relating to related Party disclosures

G S Rao 09 November 2013 at 16:01

Introduction: The Companies Act, 2013(the Act or New Act) aims at enhancing Corporate Governance by clearly defining the duties of directors and fixing additional responsibilities and defining the attributes and role of independent directors to

Diminishing Returns of CA's

CA DHANANJAI KUMAR 09 November 2013 at 13:06

Chartered Accountants an expert in the field of Accounts and Audit!!!! Does this Statement suits the CAs these days, Very difficult question to answer, Right??? The Fundamentals ( Basics) Even having such a vast and comprehe