CAclubindia Articles

International Financial Reporting Standard (IFRS): Principle based Standard

Sanjay Chauhan (IFRS) 09 May 2012 at 11:46

IFRS are considered a "principles based" set of standards that establish broad rules for accounting.Rules-based standards such as US GAAP have an accounting rule for almost every type transaction. There are various oversight bodies whose objective is

Auditing - A Beginners Guide

SANYAM ARORA 08 May 2012 at 13:39

Greetings of the Day to all My Lovely friends : - It had been months that i have not contributed anything on CA CLUB INDIA ( CCI ). A couple of days before a new intern Joined my firm, and beleive me he was too freithned. He asked me that you all

What not to do before Exams?

Amol Gopal Kabra (CA,CS,DISA) 07 May 2012 at 11:36

I have written some articles regarding exams and studies. This article is written in some different form. It contains tips regarding things not to be done during exams. Some of these points are also included in my earlier articles also, but this a

Time Management for Self Employed Persons

CA SURENDRA KUMAR RAKHECHA 07 May 2012 at 11:35

For most of the people it is difficult to plan for long term as there are various alternatives. Goal setting is too difficult. Still one may plan his daily routine on the following way. The research is

TDS is not Tedious

Amol Gopal Kabra (CA,CS,DISA) 07 May 2012 at 11:35

TDS IS NOT TEDIOUS TDS, means Tax Deducted at Source, seems to be very tedious at the first instance. I have come across many people who take TDS as a very complicated task. This made me write an article on this topic. This article

Is BASEL III boon for Indian economy or a curse

Indraneel Sen Gupta 05 May 2012 at 11:54

I have tried my level best to make my readers understand that RBI is not going to play the old tunes of boosting the stock market. Whenever there has been a rate cut we have hoped that RBI is doing the action to boost the market and Indian industr

Cost Compliance Report and Applicability On New Industries

CMA Navneet Kr Jain 03 May 2012 at 12:45

Cost Compliance Report and Applicability On New Industries for the year 2011-12: From the year 2011-12 onwards many companies have come under the purview of Section 209(1)(d) of the companies Act

Right To Inspect Members Register, Annual Returns Etc

G S Rao 02 May 2012 at 11:29

Introduction There are several sections in the Companies Act, 1956 which give rights to members, debenture holders, creditors and directors. Many are ignorant of these rights as they are not appearing at one place but are appearing in different S

Beware Dealers Claiming Input Tax Credit

CA Saiyum khan 02 May 2012 at 11:22

One of my clients has received the demand notice from the Commercial Tax Department of Gujarat for payment of VAT against wrong claim of Input Tax Credit. On scrutinizing the relevant documents of input tax credit it was found that Tax Invoice was i

'Tenancy Rights' and action under SARFAESI Act, 2002?

Durga Rao 02 May 2012 at 11:22

Banks used to take advantage of the provisions of SARFAESI Act, 2002 earlier in taking possession of the secured asset even when the tenant was in possession of the property. Absolutely, there is no difficulty in taking the possessio