CAclubindia Articles

A REWARD TO THE INACTIONS OF INDIAN CORPORATES

Posted by R.V.RAO 13 May 2008 8027 Views

A REWARD TO THE INACTIONS OF INDIAN CORPORATES BY R.V.RAO Can a public limited company increase the authorized share capital and not pay fees on the increased share capital under Company’s Act 1956 and then reduc

Pre & Post Shipment Finance in Export Trade

Posted by SSA JI 13 May 2008 182470 Views

Pre Shipment Finance is issued by a financial institution when the seller want the payment of the goods before shipment. The main objectives behind preshipment finance or pre export finance are to enable exporter to: Procure raw materials. Carry ou

Woes of Proprietary concerns of CA

Posted by SSA JI 13 May 2008 12588 Views

For most government and public sector audits empanelment and also for the RBI empanelment norms for appointment of branch auditors of public sector banks etc are illogical and absurd especially for proprietary concerns of chartered accountants for co

Steps to be taken to get a new company incorporated

Posted by CA. Dashrath Maheshwari 09 May 2008 8759 Views

Steps to be taken to get a new company incorporated:· Select, in order of preference, at least one suitable name upto a maximum of six names, indicative of the main objects of the company.· Ensure that the name does not resemble the nam

Payment of admitted tax is a pre-condition to filing an appeal

Posted by Nilesh Shah 04 May 2008 6290 Views

Nilesh Shah Writes.Cell: 92246-59941E Mail: nilesh63@vsnl.comSection 249(4) provides that an appeal may not be entertained, if admitted tax remains in arrears on the date of appeal. The proviso thereto, no doubt, grants discretion to the Commissioner

What to Check before investing for Section 80C

Posted by CA Deepak Jain 03 May 2008 9089 Views

What to Check before investing for Section 80C or How to Make Best Use of Section 80CMost of the Income Tax payee try to save tax by saving under Section 80C of the Income Tax Act. However, it is important to know the Section in toto so that one ca

Quantum jump in CAs passing out in 2010

Posted by CA Deepak Jain 03 May 2008 9919 Views

Quantum jump in CAs passing out in 2010 The number of chartered accountants passing out from the Institute of Chartered Accountants of India (ICAI) is set to more than double by 2010 to 25,000-30,000 from

The Independent India !!! (It'll touch ur heart, definitely)

Posted by CA. Dashrath Maheshwari 03 May 2008 30327 Views

The Independent India ? Lets start to think on the Independency of India, which is earned by our National Heroes of undivided India. Before going on this I want to describe that what independence means. Independence as per Webster dictionary means Fr

No time limit for giving effect to an appeal order.

Posted by Nilesh Shah 03 May 2008 23239 Views

Nilesh Shah Writes:Cell: 92246-59941E mail: nilesh63@vsnl.comNo time limit for giving effect to an appeal order.The statute i.e section 153 does not prescribe a time limit for giving effect to the order in appeal. An addition confirmed in first appea

Leave allowed during Articleship as per chartered accountant

Posted by Jitender Garg 02 May 2008 49222 Views

Regulation 59 & 74) During the period of training, an articled / audit clerk is entitled for leave earned @ one-seventh of the actual period served, excluding from such period, the period for which he has been on leave. Following conditions may b