CAclubindia Articles


Need of correcting our 'Indian Legal System'?

Posted by Durga Rao 23 September 2011 7679 Views

We may very often say great things about Indian Judiciary or legal system. It is true that we have had great legal luminaries, who played a very important role in our democracy defending the Fundamental Rights of the people, expanding the scope of



Environment: Conservation and Challenges

Posted by Nabeel 22 September 2011 16990 Views

Environmental Issues in our age In recent time, Environment is the issue which has been discussed the most, either be it on the table of Policy makers, meeting of NGOs or on the podiums of intellects.



Provision for Expenses - Allowable expenditure

Posted by Manish Kumar Agarwal 21 September 2011 63188 Views

We have to make provision for various expenses based on the estimates at the year end as we are following the accrual system of accounting. But the income tax department was disallowing the same on the ground that same being contingent in n



Will the RBI deregulate the savings account interest rates?

Posted by K Srinivas, CMA CS 21 September 2011 11358 Views

A banks operational performance depends on it ability to get low cost deposits and to lend it to borrowers at a higher rate. Banks typically mobilise the funds from the public using various types of deposits like Current ac



Subsidiaries under section 397/398 of Companies Act, 1956?

Posted by Durga Rao 21 September 2011 15695 Views

It is very frequently alleged that the remedy available to shareholders under section 397/398 of the Companies Act, 1956 is not effective. There are several issues to say as to why the remedy available to the shareholders under section 397/398 of



Tips to face stress at office - Articled Assistant

Posted by Sreeniketh Angara 21 September 2011 18086 Views

FRIENDS.... People are much stressed out at their Office due to unwanted pressures from their Boss and their peers. Given below are some tips to avoid the same: 1. First relax. Office is the place where you are going to learn some work. 2. Listen to



Chargeability of gifts made to HUF u/s 56 of IT Act

Posted by Gaurav Pahuja 20 September 2011 21887 Views

Chargeability of gifts made to HUF u/s 56 of I.T Act 1961 In this article the author has made an attempt to distinguish between the exemption benefits granted to Individual or HUF on gift received by them, although both of them are covered by the



Correction in Challan Paid

Posted by Manish Kumar Agarwal 20 September 2011 12687 Views

Summary : Earlier correction was not possible in challans while making errors at the time of payment. Same is now possible from bank, but you should contact the bank within 7 days. Challan Correction Mechanism Under OLTAS (On Line Tax Accou



Snapshot of Independent Director

Posted by CS Pankaj Khanna 20 September 2011 6319 Views

INDEPENDENT DIRECTORS A Snapshot. The new legislation may require an independent director to have understan



IGST Model - An Innovative Idea

Posted by Nagesh Bajaj 19 September 2011 22895 Views

The First Discussion Paper produced by the Empowered Committee of state Finance Ministers has come out with an innovative way to deal with inter-state transaction of goods and services. The forthcoming GST will be dual in nature and will be levied o




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