CAclubindia Articles

Need to Know About Chartered Accountants Career in India

Posted by Ca Pardeep Makkar 31 March 2012 55963 Views

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

Posted by RAHUL GANDHI 31 March 2012 128168 Views

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

Posted by Naveen Chand Khulve 31 March 2012 29307 Views

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

Posted by CS MOHIT SALUJA 31 March 2012 19777 Views

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

Posted by PUNEET GOYAL 31 March 2012 44970 Views

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

Posted by Guest 30 March 2012 14928 Views

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

Posted by CA.Manindar Kakarla 30 March 2012 35751 Views

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

Posted by CA Kishore Tallam 30 March 2012 35979 Views

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

Burning issues in Direct taxes Budget- 2012

Posted by CA Nikhil Jhanwar 30 March 2012 19912 Views

BURNING ISSUES IN DIRECT TAXES The present Budget has made various amendments and changes in respect of income taxpayers. Here is the critical analysis and impact of the major changes in Budget 2012 in respect of personal Income Tax: E

To all CPT Cleared Students Going for IPCC

Posted by Aravindh K 30 March 2012 27304 Views

Some Thing to know before u guys dive into the toughest phase of Chartered Accountancy! (This text might seem boring and odd-sized but as a student of CA, I'm sure you can take it![;)] ) Well.What is tough in this phase