CAclubindia Articles

Prevention of money laundering Act 2002

*RENU SINGH * 27 June 2012 at 11:51

Money Laundering Money laundering is the processing of criminal proceeds to disguise its illegal origin. Money laundering has 3 main parts: 1. Placement :- where larger amounts of money broken into small amounts 2. Layering :- Movements of fund

Stock Options - Measurement, Accounting & Disclosure

Sanjay Chauhan (IFRS) 26 June 2012 at 17:43

A. Stock Options Stock Options are getting more prevalent as part of compensation package in many entities in India especially MNCs that are listed on Stock Exchanges in India and abroad, either directly or through the stock of its holding Company

Tax Compliance and Planning for Salaried Individuals

Niraj Mahajan 26 June 2012 at 12:49

This issue of the newsletter aims at creating awareness amongst salaried employees about various tax compliance and possible tax planning over the year. We are in the month of June wherein the last financial year (FY) 2011-12 has gotten over and due

Performance of Indian Boards

Sonia Jaspal 26 June 2012 at 11:12

The board of directors have the responsibility for steering the organization in the right direction and guiding the CEO and senior management. However, worldwide they are lambasted for catering to the manifested interest of CEO and senior manageme

Negative List - Impact on Construction Industry

CA.Manindar Kakarla 25 June 2012 at 12:05

Introduction: As you all are aware, Government has proposed to introduce Negative list taxation of services in Finance Budget 2012, it has been notified that this new scheme will come int

Insurance Claim: - An Easiest Approach to Understand

praveer 25 June 2012 at 12:05

Introduction: There are various risks attached today with business, whether it is small, medium, or large. One of the major risks is losses suffered by businesses due to fire, theft or earthquake. Insurance companies ready to bear these losses if t

Closing a Company

Priyanka 25 June 2012 at 12:04

A company may wind up its affairs in two ways:- Fast Track Exit Voluntary Winding Up

Latest on Negative List

sumit bhatia 25 June 2012 at 12:04

Negative List of Service Tax In the Existing List ,only the services specified in clause (105) of section 65 of the Finance Act ,1994 are taxed under the charging section 66.In the new system ,all serv

Understanding Income from Other Source with Latest Case Laws

Manish Kumar Agarwal 25 June 2012 at 12:04

Any income which does not fall under the heads of Salary, House Property, Business & Profession and Capital Gain will fall under the head Income from Other Source. Hence, this is the residuary head of income. Hence, it is very important to under

Transfer Pricing - Specified Domestic Transaction

Jinesh Bhagdev 23 June 2012 at 12:41

Transfer pricing until now was applicable to companies having cross border transactions with their ASSOCIATED ENTERPRISE. However, Finance Bill 2012, honoring the supreme court ruling in case of CIT vs. M/S Glaxo Smithkline Asia (P) Ltd. (Special