CAclubindia Articles

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

SWITCH YOUR ULIPS NOW

Indraneel Sen Gupta 29 September 2009 at 11:38

ULIP’s are basically long term investment. But still despite of being Long Term in nature they are Return Maximizing tool. The return is maximized through the well known option provided itself in the ULIP product SWITCHES. Each Ulip comes with

Real-time Tips to deal with theory paper: Audit and Law

Ankur Garg 28 September 2009 at 12:00

Real-time Tips to deal with theory paper: Audit and Law Dear Students and Members, Please find below some tips to deal with theory paper like Audit and Law. These tips are based on my personal observation and used by me in all my professional Examin

Understanding Section 265

Member (Account Deleted) 28 September 2009 at 12:00

Understanding the Section 265 of the company act in the practical manner:First of all, we check that what the section 265 says:Section 265 : Option to company to adopt proportional representation for the appointment of directors Notwithstanding any

Age of Austerity

Equitymaster 28 September 2009 at 11:59

The Congress' austerity drive was not unfounded. After all austerity is what global leaders are insisting on in the G-20 summit. US President Barack Obama and his counterparts from the G-20 nations have cited a clear warning that the global re

ASSESSEE'S RIGHTS AGAINST DELAY

Arun Kumar Singh 26 September 2009 at 11:23

Rajesh Kumar, AdvocateA tax assessee has to deal with the problem of delay almost every time it interacts with the tax authorities. This delay is sometimes due to the system of tax administration, which imposes unnecessary and unreasonable restrictio

Right Issue Option U/S 81 of the Companies Act

Member (Account Deleted) 26 September 2009 at 11:22

It is well known that, the Right Issue option i not avilable to the Private Company. Let us understand the logic behind that. The Roots of Right Issue came from the ancient tradition: In Earlier times Businessmen reward to their Customers for their L

Understanding the Section 297 of the Company Act

Member (Account Deleted) 26 September 2009 at 11:22

Let Us understand the Market Price Concept of Section 297 of the company Act.: Section 297: BOARD'S SANCTION TO BE REQUIRED FOR CERTAIN CONTRACTS IN WHICH PARTICULAR DIRECTORS ARE INTERESTED. (1) Except with the consent of the Board of directors of

The importance of Skills while preparing for Careers

Guest 26 September 2009 at 11:17

This is a guest post by Dr Uma Ganesh, she has an MBA degree from the Faculty of Management Studies, University of Delhi and a PhD from IIT Bombay and is the CEO of Global Talent Track.The importance of Skills while preparing for Careers The signifi