CAclubindia Articles

Service tax on rentals-government & judiciary define them

MONISH BHALLA 21 August 2010 at 15:20

Service Tax on renting of immovable properties was introduced from June 01, 2007 by insertion of section 65(105) (zzzz) in the Finance Act, 1994. The scope of this levy was examined by the Delhi high court in its judgment dated 18.04.2009 delivered

New Regulatory regime for Core Investment Companies

Vinod Kothari 21 August 2010 at 15:18

New regulatory framework for Core Investment Companies by Vinod Kothari and Team, Vinod Kothari & Company The issue as to whether non-depository companies, which are merely passive holding companies, meant for maintaining control over grou

Exposure Draft of New Lease Accounting Standard

Vinod Kothari 21 August 2010 at 15:17

Exposure draft on Lease Accounting The end of finance-operating lease distinction All leases to come on the balance sheet Vinod Kothari It has been for several years (14 years approx) that the G4 +1 approach to lease accounting, linked to Aust

Bank Branch Audit - at a Glance

Raghavendra Bhat 21 August 2010 at 15:16

The rapid advancement in information technology has revolutionised the Indian banking sector—perhaps one of the largest in the world as far as its extensive branch network is concerned. Not a day passes without a new ATM being opened or a new

Extra deduction of Rs. 20,000 under section 80CCF

Nandan Narula 21 August 2010 at 15:16

Another avenue to save tax was introduced in the Budget 2010 in the form of section 80CCF. This section allows a deduction of Rs. 20,000 for investments made in Infrastructure Bonds. Recently, IFCI has come up with an issue of Long Term Infrastructu

Conversion from PE-II to IPCC---Detailed Procedure

Ankur Garg 21 August 2010 at 15:14

DETAILED PROCEDURE TO BE FOLLOWED ALONG WITH SWITCHOVER FEE STRUCTURE FOR CONVERTING FROM PE-II TO IPCC

Ascertaining the Capital Requirements

CA S.SAIRAM 19 August 2010 at 11:18

ASCERTAINING THE CAPITAL REQUIREMENTS Fixed and Working capital assessments are a professional exercise which demands strong knowledge of business operation as well as finance. Working capital is the active portion of the capital for a business. It

Impact of adoption of IFRS on Accounting Practices

CA Raj Thakkar 19 August 2010 at 10:17

IMPACT OF ADOPTION OF IFRS ON ACCOUNTING PRACTICES Basic Concept Mix of historical cost and fair valuation. True and fair over-ride In extremely rare circumstances when management concludes that compliance with a requirement in an IFRS or an Inter

Why complain about results..!!!

Nitin Soni 19 August 2010 at 10:13

Ok.. I agree the results were terribly low this time..!! So what!! Why this helluva noise over results!! It had to happen!! We knew about it.. and even if we didn’t know.. why such a panic!! CA has always been a kind of course where the res