CAclubindia Articles

When the going gets tough, the smart guys cook the books

Posted by ANANDH SUNDAR 08 August 2011 10710 Views

When the going gets tough, the smart guys cook the books-examples of Jet and Kingfisher Warren Buffet famously said that an investor should have shot down the first aircraft that the Orwells flew, so that future investors would not have seen value

Why Do We Make Things So Difficult?

Posted by Krish 06 August 2011 25692 Views

Why Do We Make Things So Difficult? Why does it happen, so often? When I think that I will start wake up early morning from tomorrow but I dont able to follow the same, while at the examination time I dont make commitments and I w

Accounting by Real Estate Developers

Posted by CA Sachin D Jain 06 August 2011 41497 Views

The total Cost can be divided under the following Cost Centers: Project Cost Centre (PCC) Specific Costs Head Office Cost Center (HOCC) Common Costs and Administration and Selling Costs

Piece of Advice

Posted by Archana Das 05 August 2011 11810 Views

As we have 4 days to go for the ipcc/pcc resuts everyone must be worrying sick about it here are few tips as to how to overcome the fear,tension etc within you: 1) Be positive We must take baby steps to get this attitude of being positive...dont hur

Inventories defined and Rule 3 (5B) of CCR

Posted by Manoj Pala 05 August 2011 14384 Views

INVENTORIES defined and read in terms of Rule 3 (5B) of CCR; Inventories are assets (current assets) which encompass a) RAW MATERIALS held for use in the production process or in rendering of services b) Stores, maintenance suppli

Late Fee and Penalty for delayed filing of ST-3 Returns

Posted by Kaustubh Ram Karandikar 05 August 2011 331477 Views

Late Fee As per provisions contained in Section 70 of the Finance Act, 1994, a person liable to pay Service tax

NRI's can't claim concessional tax rate u/s 115H for interest

Posted by CA. Anuj Gupta 03 August 2011 81822 Views

Recently Madras High Court in the case of Dr. M MANOHAR(Appeal No 759 of 2004) decided an important question Whether the interest on the deposit made out of the interest income also qualified for concessional rate as the investment income de

GST: Impact on the Poor

Posted by Nagesh Bajaj 03 August 2011 12744 Views

GST is a destination based consumption tax. Consumption taxes are regressive in nature. It increases the gap between the rich and the poor.

Inventory write downs vis-a-vis Rule 3 (5b) of CCR

Posted by Manoj Pala 03 August 2011 14439 Views

Inventories are measured at the lower of cost or net realizable value (NRV). If the NRV falls below the recognized costs pf an inventory item, the respective inventory items must be measured. Inventory write-downs should reflect the estimated loss i

SARFAESI Act'2002: Boon For Banks Curse for Borrower

Posted by CA. Vikash Dwivedi 03 August 2011 27215 Views

THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSESTS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 SARFAESI Act, as the name of the act suggests, deals with 3 matters: Securitisation [Sec 2 (1) (z)] Reconstruction of Financial Asset [Sec