CAclubindia Articles

Administration in GST-Moving Upstairs or Downstairs

Pradeep Jain 23 August 2010 at 11:54

ADMINISTRATION IN GST – MOVING UPSTAIRS OR DOWNSTAIRS Prepared By: CA Pradeep Jain, CA Preeti Parihar and Sukhvinder Kaur, LLB [FYIC] Introduction: “Too many cooks spoil the broth” perhaps this would have been in the thoughts

Knowhow write-off: Comparing Sec. 32 and Sec.35AB

CA S.SAIRAM 23 August 2010 at 11:53

Knowhow write-off: Comparing Sec. 32 and Sec.35AB of IT ACT 1961The definition for Knowhow in the IT Act 1961 is “any industrial information or technique likely to assist in the manufacture or processing of goods or in the working of a mine, oi

Impact of IFRS on Different accounting aspects

CA Raj Thakkar 23 August 2010 at 11:53

In Previous article I have disussed Impact of IFRS on Accounting Practise now I would like to go ahead with Impact of IFRS on Different Accounting Aspects. Here some important Items has been taken. Inventory Measurement At cost or net realizable

Resolutions in Company General Meetings

Avni Rathore 23 August 2010 at 11:53

Kinds of Resolutions in Company General Meetings Resolutions mean decisions taken at a meeting. A motion, with or without amendments is put to vote at a meeting. Once the motion is passed, it becomes a resolution. A valid resolution can be passed

Effects of Global Crisis on INDIAN ECONOMY

CA Raj Thakkar 23 August 2010 at 10:29

Introduction Emerging economies like India, China are not directly affected by factors which were responsible for crisis in developed economies. No doubt the cascading effect of said crisis have made situation worst. East Asians like Japan have be

TAX BASE of an ASSET- I GAAP Vs. IFRS

Raja naga 23 August 2010 at 10:26

TAX BASE of an ASSET- Indian GAAP Vs. IFRS (Assuming the economic benefits that will flow to an entity when it recovers the carrying amount of the asset is taxable) Tax base of an asset as per IAS12 is “The amount that will be deductible

GST - A boon or Bane

Omprakash Jain 21 August 2010 at 15:53

GST – A BOON OR BANE Everybody in the country is talking about the GST and everywhere it is said that GST will increase our GDP, boost our economy, etc., but at what & whose cost? There are a number of serious disadvantages of this syste

Constitutional validity of Service Tax remains questionable

MONISH BHALLA 21 August 2010 at 15:20

The Constitutional Validity of Service Tax has been challenged time and again. Recently, The Maharashtra Chamber of Housing Industry (MCHI) through their Writ Petition challenged the constitutional validity of the Finance Act 2010 seeking to amend

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