CAclubindia Articles

Currency Translation Reserve

Posted by Sanjay Chauhan (IFRS) 09 July 2012 76936 Views

A. Objective: This topic covers accounting for non integral operations under AS 11 in specific and its comparison with IAS 21. B. Back Ground: With the intent to Go Global, Indian entrepreneurs are now expanding their business focus in variou

Proper Articleship

Posted by Madhukar N Hiregange 06 July 2012 111041 Views

IMPORTANCE OF PROPER ARTICLESHIP The Chartered Accountancy course in India is amongst the best of its kind in comparison to the courses offered in other countries. Also, it is rated as one of the most difficult professional courses among all other s

Analysis of Declared Services, Exemptions, Abatements

Posted by Madhukar N Hiregange 06 July 2012 88364 Views

Foreword With Effect From 1st July 2012, the CBEC has proposed and the Parliament has passed the switch from an ad hoc system of selecting services to tax, to a negat

Chartered Accountants in Financial Services

Posted by Vivek Krishnamoorthy 05 July 2012 39605 Views

Amrita T., a CA, currently works in the Project Finance firm of Tata Capital. Srikanth N was treasurer of a large MNC bank. What is it that prompted them to move into the mainstream of Financial Services? The career growth and money are both much m

Corporate accounting reporting and ethics need for CAs

Posted by Srikanthan 06 July 2012 10639 Views

Corporate accounting and reporting and Ethics Need for Chartered Accountants to introspect Introduction All around us there is this talk of lack of ethics , corruption, inability of a normal Citizen to get justice in time , so on and so for

Valuation & Reverse Charge for Construction Industry

Posted by CA.Manindar Kakarla 05 July 2012 49119 Views

NEW VALUATION & REVERSE CHARGE MECHANISM RELATING TO CONSTRUCTION INDUSTRY INTRODUCTION: We have discussed in my previous article about the changes in the applicability of service tax relating to construction industry. In this article,

Input Tax Credit - Reversal/Reduction

Posted by Devinder Jain 05 July 2012 994196 Views

Some may develop a feeling of renunciation on achieving the age of 60 years, I on attaining the age of 60 years feel thankful to the society for whatever love and affection they have given to me, and think this is the time, I must try, whatever lit

Passing of Board Resolution by Circulation [Section 289]

Posted by CMA. CS. Sanjay Gupta 04 July 2012 84147 Views

No resolution shall be deemed to have been duly passed by the Board or by a committee thereof by circulation, unless the resolution has been circulated in draft, together with the necessar

Draft Guidelines for upcoming GAAR provisions

Posted by Niraj K Shah 03 July 2012 14543 Views

Draft guidelines regarding implementation of General Anti Avoidance Rules (GAAR) in terms of section 101 of the Income Tax Act, 1961. What is GAAR? GAAR stands for General Anti- Avoidance Rules. In several countries anti tax avoida

Face Challenge and take Initiative

Posted by T.R.Radhakrishnan 03 July 2012 15664 Views

George Bernard Shaw said, Ordinary people adapt themselves to the world. The extra-ordinary persons try to adapt the world to them. Hence the progress and development of the world is through extra-ordinary people.