CAclubindia Articles

WHY IFRS?

PS Prabhakar 04 October 2009 at 18:32

Why IFRS?It is the bane of our nation that for very many important issues, there is hardly any debate. For example, year after year, budgets are passed with no meaningful discussions in the Parliament. The writ of the interested few runs riot, main

The bottleneck is at the top of the bottle

PS Prabhakar 04 October 2009 at 18:32

The bottleneck is at the top of the bottle The satirical yet succinct quote which forms the caption of this article is that of the celebrated management guru of all times, Peter Drucker, when he was driving home the point that the source of all ills

SEBI (DIP) guidelines For public issue

Tapas Ruparelia 01 October 2009 at 12:34

Public Issue Requirements Entry Norms: Entry norms are different routes available to an issuer for accessing the capital market. I) An unlisted issuer making a public issue of equity shares or any security convertible at a later date into equity i.e

VAT's PROBLEMS AND ISSUES

NIDHI BANSAL 30 September 2009 at 14:14

Almost three-fourths of India has adopted the VAT regime, switching off its age-old sales tax system that had existed for more than 50 years. However, due to certain political and other considerations, some of the states have not joined the bandwagon

Brief note on Vat in Delhi

NIDHI BANSAL 30 September 2009 at 14:14

India, particularly the trading community, has believed in accepting and adopting loopholes in any system administered by the state or the Centre. If a well-administered system comes in, it will close avenues for traders and businessmen to evade payi

Tax Deduction at Source (TDS) -Not assesses fault

Mahesh Kapasi 30 September 2009 at 13:20

Income Tax- Tax Deduction at Source (TDS) -Not assesses's fault, Sir, why they are suffering? It is good that the Director of Income Tax (Systems) New Delhi has send E-mail to PAN holders to check their TDS etc as recorded by it (Form 26AS) for AY 2

NOTES ON INCOME FROM CAPITAL GAIN

CA Puneet Jethliya 30 September 2009 at 13:19

TRANSFERIt includes sales, exchange, redemption of zero coupon bonds and sale of anycapital asset with consideration. SHORT TERM CAPITAL GAINFor shares, securities hold for 12 months or less.Other assets hold for 36 months or less.For the following

HOW MISS SELLING RUINS A COMPANY

Indraneel Sen Gupta 30 September 2009 at 13:19

In every company sales mangers are required to appoint insurance advisors. What are these advisors are? In general the advisors are the ones who will sell the insurance products to the clients. That means they are one type of representatives of the

What is IFRSs and IFRSs for SME

Rajkumar Adukia 29 September 2009 at 11:38

Scope of IFRSAll International Accounting Standards (IASs) and Interpretations issued by the former IASC (International Accounting Standard Committee) and SIC (Standard Interpretation Committee) continue to be applicable unless and until they are am

Section 44AB - What if ITR not filed by Sep?

Lucknow CA Club 29 September 2009 at 11:38

Dear Friends,Everytime the deadlines approches, there seems to be a lot of confusion over if the penalty 271B for failure to "furnish" the Tax Audit Report u/s 44AB. The confusion appears to have arisen due to fragmented reading of circular