CAclubindia Articles

Commodity Exchange: For Beginners

CA Prashant Gupta 02 April 2012 at 11:17

Today, we know the commodity market as a place to trade the different commodities without taking delivery of same. You can trade in gold, silver, crude oil, agriculture products, metals and many more, without bothering about the perishable nature of

IFRS- Impact on Country's GDP

CA S.SAIRAM 02 April 2012 at 11:17

IFRS: Impact on the Countrys GDP IFRS (International Financial Reporting Standards) is not just a corporate subject but something which is of national interest. As the world turns into a Global village it is difficult for a co

Need to Know About Chartered Accountants Career in India

Ca Pardeep Makkar 31 March 2012 at 14:52

Chartered Accountancy is a profession that is as desirable as the Engineering and Medical ones. The corporate sector of the industry is always in a need of chartered accountants and with the booming economy, this need is only going to increase. Whe

Basic - Operating and Finance Lease

RAHUL GANDHI 31 March 2012 at 14:52

LEASE (FINANCE AND OPERATING) AS -17 Definition:- Finance Lease :- A finance lease is a lease that transfers substantially all the risks and rewards incidental to ownership of an asset. Title may or may not eventually be transferred. In other wor

About Revised Schedule VI

Naveen Chand Khulve 31 March 2012 at 14:52

Ministry of Corporate Affairs has amended the schedule VI which is required to be implemented by the companies from Financial Year 2011-12 along with regrouping last year figures. Following are the changes in Revised Schedule VI.

Pay Later Option in MCA Portal

CS MOHIT SALUJA 31 March 2012 at 14:52

Pay later option The Ministry started the Pay Later Option on the MCA Portal which got effective from March 20, 2012. What Pay Later option is and what is its benefit will be discussed here. What is Pay Later Facility Currently, payment for MCA21 se

Determination of Date of which rate of service tax to be taken

PUNEET GOYAL 31 March 2012 at 14:51

PRECAUTION TO BE TAKEN FOR TAKING RATE OF SERVICE W.E.F 01.04.2012 (Either 10% or 12%) (Before proceeding further please read the disclaimer at the bottom of this write up) With effect from 01.04.2012, rate of service tax has been increased from 10%

E - I Transaction

Guest 30 March 2012 at 13:48

Transit Sales under the CST Act. Transit sales These are generally known in the market as 'LR sales', , 'subsequent inter-State sales‟ and 'E-I sales'. However these words including the words transit sales‟ do not find

Budget Changes in CENVAT Credit Rules

CA.Manindar Kakarla 30 March 2012 at 12:25

Changes in CENVAT Credit Rules in Union Budget 2012-2013 Amendments in the Definition of Capital Goods: v The facility of taking CENVAT Credit on motor vehicles other than those falling under tariff headings 8702, 8703, 8704,8711 and their

Core Investment Company - An Insight

CA Kishore Tallam 30 March 2012 at 12:24

Core Investment Company (CIC): On August 12, 2010, the Reserve Bank of India (RBI) issued a notification DNBS (PD) CC.No.197/03.10.001/2010-11 prescribing the regulatory framework of a Core Investment Company. On January 05, 2011, the RBI issued