CAclubindia Articles

Common Credits- Confusion Galore

Posted by Madhukar N Hiregange 03 October 2008 8940 Views

Cenvat Credit Restriction under Rule 6- Confusion Galore Madhukar N Hiregange, FCA The credits under central excise and service tax have witnessed a number of changes over the years. First in 2002 Service tax credit was allowed within the service,

How to calculate SENSEX

Posted by Ravi Satpal 02 October 2008 25357 Views

The Sensex , an abbreviation of the BSE sensitive index, is a market capitalisation-weighted index of 30 stocks representing a sample of large, well-established and financially sound companies. It is the oldest index in India and has acquired a uniqu

company auditor

Posted by CA Ankur Mittal 02 October 2008 74326 Views

AN OVERVIEW RELATING TO AUDIT UNDER THE COMPANIES ACT, 1956 Audit of Annual Accounts of a company is compulsory and is indispensable part of incorporated business. Those who carry on business with the other people’s money have to be accountabl

CBDT Clarification :6th CPC Tax due on 60% arrears FY 08-09

Posted by RAJAN GUPTA 30 September 2008 24245 Views

Dear Friends,As I have already written a post about tax due on arrears from sixth pay commission .In that Post I have mentioned that as per section 192 of income tax act , tax is not deductible from the 60% of arrears which is to be paid in FY 2009-1

Five Steps to a Solid Accounting Practice

Posted by Sajjad Abidi 30 September 2008 20338 Views

When I was a consultant a few years ago, it always amazed me how much impressive information a CPA firm had about its clients and customers. Since CPAs had multiple clients and years of experience working with them, my consulting strategy was to tal

Fast Balalnce Sheet Analysis

Posted by CMA Jitendra Singh 29 September 2008 27767 Views

FAST ANALYSIS OF BLALNCE SHEET The Profit & Loss Statement describes you how your business is performing at that particular time and the Balance Sheet is the statement that tells you about the long-term health and strength of your business. The

Travel Cost Planning in Vacation Month

Posted by CMA Jitendra Singh 29 September 2008 3265 Views

LOW COST TRAVELING Making your vacation dreams to become’ affordable, does not mean that you have get a loan or put a second mortgage on your home or go into additional financial debt. The key is to do exactly what you are doing now research.

Credit Derivative

Posted by Shyam Murarka 26 September 2008 6365 Views

In finance, a credit derivative is a "financial instrument or derivative whose price and value derives from the creditworthiness of the obligations of a third party, which is isolated and traded."[1] Credit default products are the most c

Delay in Refund/ Rebate - Service Tax

Posted by Madhukar N Hiregange 26 September 2008 11634 Views

Delays in Refunds/ Rebates - Exporter of Services The basic principle in exports is that the taxes should not be exported. It is presumed that the Commerce Ministry as well as the Finance Ministry are in agreement on this aspect at least. In 2004 t

GTA- Service Tax - Issues

Posted by Madhukar N Hiregange 25 September 2008 93488 Views

Vexatious Issues under Service Tax - Goods Transport Agency Madhukar N Hiregange FCA, DISA(ICAI) SYNOPSIS The service tax on the goods transport agency was imposed w.e.f. 1.1.2005. This was after a committee went into the dif