CAclubindia Articles

Concept of Working Capital Management

Sarvesh Mani Tiwari,CFA(ICFAI) 21 August 2008 at 00:58

What is working Capital? Every business needs funds for two purposes- for its establishment and to carry out its day to day operations. Long term funds are required to create production facilities through purchase of fixed assets such as plant and m

Casual Vacancy

CA. Aryendra 19 August 2008 at 01:46

A vacancy in the office of the auditor of the company before the term has expired is a casual vacancy. The term has not been defined in the Act. But there are several circumstances in which the casual vacancy arises. The term used may be `casual' but

audit documentation

nehal 18 August 2008 at 00:31

PRACTICAL GUIDE TO DOCUMENTATION FOR AUDIT (including documentation for peer review / Financial Review and other assurance services)

Scrap Service Tax Act

Md. Riazuddin 18 August 2008 at 00:31

The entire Service Tax Act sounds really senseless.The Country wants revenue, so collect at one point itself. Do not go on begging at every nook and corner and thereby troubling and causing undue harassment to the consumer / common man.There is no ne

HUF Tax Plannig

Sarvesh Mani Tiwari,CFA(ICFAI) 05 August 2008 at 15:32

Typically, taxpayers tend to focus on ways of reducing only their own tax burden. This is a normal thing to do, but far greater tax savings are possible when the family as a whole is considered as a tax paying unit.By combining the leeway offered by

Promoter Remuneration

Member (Account Deleted) 05 August 2008 at 15:32

The remuneration of a promoter, may be paid in cash or partly in cash and partly in shares and debentures f the company.But in the absence of an agreement with the company after its incorporation a promoter can not file a suit in a court of law for t

FBT - Amendments during initial phase of FBT

Admin 03 August 2008 at 19:25

FBT - Amendments during initial phase of FBT about estimation of value of Fringe Benefits can be considered applicable since inception of FBT. A point of view.Summary:Provisions relating to FBT are new. FBT is levied on estimated value of fringe and

CA is Conquer Again

E.Nivedita 02 August 2008 at 03:15

“CA is Conquer Again” “CA is Conquer Again and not Come Again.” These were the words of Mr.T.N.Manoharan when he inaugurated the Institute of Chartered Accountants of India in my hometown, Tuticorin. From that day those two

INFLATION ADJUSTMENT

sumat singhal 31 July 2008 at 17:16

Inflation Adjustments[Submitted by SUMAT SINGHAL CA(PCC) INDORE]It is a well known fact that inflation causes all the factors of the economy to change. Some of the important factors to get affected include investment, stocks, mortgage, unemployment

Scope of CISA

Rushikesh 29 July 2008 at 16:20

A career as Information Systems AuditorThe roles of IS Auditor and Information Security Auditor are becoming very significant. So CISA certification definitely opens up doors to many opportunities. by Avinash KadamWe are familiar with the term audit