CAclubindia Articles

IFRS 3 and Goodwill

Sanjay Chauhan (IFRS) 08 December 2012 at 11:50

Introduction: With the introduction of revised schedule VI, India has shown its intent to Converge Indian Accounting Standards (Ind AS) with International Financial Reporting Standards (IFRS) read with 41 International Accounting Standards (IAS) and

Reimbursement of Expenses not subject to Service Tax

Bimal Jain 08 December 2012 at 11:50

We are sharing with you an important analysis of judgment of Honble Delhi High Court in the W.P. (C) 6370/2008 of Intercontinental Consultants and Technocrats Pvt. Ltd. Vs. Union of Ind

TDS under Section 194A

Ankit Gupta 07 December 2012 at 11:56

TDS under Section 194A Delayed Payment of Purchase Bills By CA. Ankit Gupta (argtaxconsultants@gmail.com) Issue: Whether there is any requirement of withholding tax (TDS) under section 194A of the Income tax Act, 1961 (

Interest on Housing Loan - Doubly Beneficial

Dilip K Raina 06 December 2012 at 11:04

Purchasing a residential property these days is really a dream come true. Few years back government started giving incentive under section 24 of the income tax act by allowing interest on housing loan to be deducted from the total income of the re

Right attitude @ Work

Shivanand Pandit 06 December 2012 at 11:04

Attitudes are appraisal statements relating to objects, people or events. They exhibit how one feels about something. Attitudes involve emotions and are relatively stable. Attitudes are the product of a related belief and v

Records under Service Tax

Ankit Gupta 06 December 2012 at 11:04

Service Tax Rules, 1994 Rule 5 of the Service Tax Rules, 1994 relates to the records to be maintained by the assessee. The said rule provides that the assessee is not

Newly Inserted Section 80CCG

CA Roopak Singh 06 December 2012 at 11:03

RAJIV GANDHI EQUITY SAVING SCHEME SECTION 80CCG Finance Act 2012 has come up with a new section 80CCG, to be made applicable from F.Y. 2012-13 onwards. The Scheme not only encourages the flow of savings and improves the depth of domestic capital mar

Risk Managers Leadership Challenge

Sonia Jaspal 05 December 2012 at 12:25

British Petroleum was recently fined US $ 4.5 billion for the Deep-water Horizon disaster in April 2010. The highest ever fine till date. The verdict implicated two employees for negligence. Similar news is coming of regulators charging huge fines

All about Cost Audit and Compliance Report

CS DHANAPAL 05 December 2012 at 12:24

Ministry of Corporate Affairs have come out with a number of

Master your time

Shivanand Pandit 05 December 2012 at 12:24

What is Time? Time has different meaning to different people. Time escapes definition. Time is a relative concept. As St.Augustine remarked long ago I know what time is unti