CAclubindia Articles

What is IFRSs and IFRSs for SME

Posted by Rajkumar Adukia 29 September 2009 16784 Views

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?

Posted by Lucknow CA Club 29 September 2009 26679 Views

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

Posted by Indraneel Sen Gupta 29 September 2009 10473 Views

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

Posted by Ankur Garg 28 September 2009 73755 Views

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

Posted by Member (Account Deleted) 28 September 2009 40539 Views

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

ASSESSEE'S RIGHTS AGAINST DELAY

Posted by Arun Kumar Singh 26 September 2009 10071 Views

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

Posted by Member (Account Deleted) 26 September 2009 17772 Views

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

Posted by Member (Account Deleted) 26 September 2009 12733 Views

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

Posted by Guest 26 September 2009 10081 Views

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

Renting of immovable property

Posted by Pradeep Jain 24 September 2009 10289 Views

The Division Bench of the Delhi High Court comprising of Justice Badar Durrez Ahmed and Justice Rajiv Shikader gave a milestone judgment on 18th April, 2009, in the case of Home Solution Retail India Ltd and Others Vs. UOI and Others (2009-TIOL-