CAclubindia Articles
Bank Branch Audit - at a Glance
The rapid advancement in information technology has revolutionised the Indian banking sector—perhaps one of the largest in the world as far as its extensive branch network is concerned. Not a day passes without a new ATM being opened or a new
TAX BASE of an ASSET- I GAAP Vs. IFRS
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
Exposure Draft of New Lease Accounting Standard
Exposure draft on Lease Accounting The end of finance-operating lease distinction All leases to come on the balance sheet Vinod Kothari It has been for several years (14 years approx) that the G4 +1 approach to lease accounting, linked to Aust
New Regulatory regime for Core Investment Companies
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
Service tax on rentals-government & judiciary define them
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
Constitutional validity of Service Tax remains questionable
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
2.GST UPDATES BY SUDHIR HALAKHANDI
GST UPDATES BY CA SUDHIR HALAKHANDI-2WHY NOT NATIONAL GST??We are getting so much News about GST these days and they are related to the projections mainly concerned how the GST will change the National Economic scenario positively and further major
Impact of adoption of IFRS on Accounting Practices
IMPACT OF ADOPTION OF IFRS ON ACCOUNTING PRACTICES Basic Concept Mix of historical cost and fair valuation. True and fair over-ride In extremely rare circumstances when management concludes that compliance with a requirement in an IFRS or an Inter
Something Straight Forward to Handle Exam Stress !!!
For some students Exam time is the most stressful part of their life. But to be honest this is not a correct thinking or approach.
Why complain about results..!!!
Ok.. I agree the results were terribly low this time..!! So what!! Why this helluva noise over results!! It had to happen!! We knew about it.. and even if we didn’t know.. why such a panic!! CA has always been a kind of course where the res
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