CAclubindia Articles

Financing of exports by banks (Packing Credit)

Posted by CA.Parsun Garg 16 December 2009 85603 Views

Financing of exports by banks: Advances by commercial banks for export financing are in the form of:a) Pre-shipment finance i .e. before shipment of goods : This usually, takes the form of packing credit facility, which is an advance extended by bank

MAT in Simple Way

Posted by CA Ayush Agarwal 16 December 2009 12186 Views

Friends, I Hav Tried To Present MAT in simple Way.1. Normally companies are maintaining two set of books of accounts.2. Some times income computed under income tax law will be zero or negative. In this situation the company will escape from payment o

An overview of Section 194 J of Income Tax

Posted by Amol Gopal Kabra (CA,CS,DISA) 16 December 2009 104376 Views

Section 194 J – An overview (Effective 1.10.2009) Section 194J of the Income Tax Act, 1961 has the heading a “Fees for Professional and Technical Services”. However the Section covers the following categories 1. Fees for Profe

Insurance Claim CS Foundation

Posted by CA SURENDRA KUMAR RAKHECHA 15 December 2009 8953 Views

For the help of CS Foundation Students; I have prepared short notes in very precise form. These will not only clear the concepts; but will also be useful while attending theoritcal and practical question.INSURANCE CLAIMS INTRODUCTION : Insura

Section 194 C of Income Tax, An overwiew.

Posted by Amol Gopal Kabra (CA,CS,DISA) 15 December 2009 82858 Views

Section 194C - An overview (Effective 1.10.2009) Section 194C of Income Tax Act, 1961 covers “Payment to Contractors and Sub-contractors”. Even if the words contractors and sub-contractors are given, it also covers other types like works

CA Articleship: Some useful Corporate Board Resolutions-I

Posted by Ankur Garg 14 December 2009 163944 Views

Dear Members, Please find below a useful corporate article containing some useful sample board resolutions dedicated to CA students doing articleship and looking after corporate affairs of their firms. This article is also very handy for other profes

ANALYTICAL REVIEW

Posted by CA.Parsun Garg 12 December 2009 30625 Views

ANALYTICAL REVIEW The two main functions of analytical review are: To provide the client with supplementary useful information in addition to the annual accountsØ To identify critical audit areas in audit planningFor the purpose of a fundament

Acceptance of Foreign Contributions by NGO's, etc

Posted by CA. Rishabh Mittal 12 December 2009 11937 Views

Foreign Contribution · In order to receive foreign contribution, Clearance from Ministry of Home Affairs is required –1. On Permanent basis; OR2. On Case to case basis · An association with a def

BLACK&WHITE Aspect Of Cross Border Mergers

Posted by chandrima das 12 December 2009 12942 Views

BLACK&WHITE Aspect Of Cross Border Mergers Abstract – Merger – The new era of economic development .2 ways merger –Domestic or Foreign . Cross border merger is one way solution to gaining access to foreign market and creati

AMBIGUITIES IN EXPORT OF SERVICES

Posted by MONISH BHALLA 12 December 2009 36490 Views

We are engaged in Export of various Services to our Clients situated outside India. Are there any specific conditions to be adhered to while classifying our Services in the Export Category? Export to a layman means any goods or service, which are