CAclubindia Articles

Section 80C simplified. (A summary view)

Posted by CA. AJAY PANCHARIA 13 July 2015 44594 Views

DEDUCTION UNDER SECTION 80 C F.Y. 2014-15(A.Y. 2015-16)(AN INVESTMENT LINKED DEDUCTION) 1. LIMIT:With effect from 01-04-2015 the maximum allowable limit is extended to Rs.150000 from the previous Rs.100000.2. MAJOR INVESTMENT AREAS: Followi

Securities Appellate Tribunal (SAT) - An Insight

Posted by Amit Bavishi 13 July 2015 8128 Views

This article deals with an insight in Securities Appellate Tribunal (SAT), a body formed by SEBI Act, 1992.Section 15K of SEBI Act, 1992 empowers the Central Government to set up one or more Tribunals, for the purpose making appeals against the order

Accounting of compensatory absences

Posted by Tikaram Chaudhary 13 July 2015 13311 Views

Accounting of Compensatory Absences (Leave Encashment Obligations) 1.This note is an attempt in the matter of accounting provisions to be made in financialreporting of enterprises for Compensatory Absences (Leave Encashment Obligations) in compliance

A 21st Century Greek Tragedy

Posted by Gaurhari Pal 11 July 2015 20585 Views

What Is The Story?A 21st Century Greek TragedyWhat is a �tragedy�?The word �tragedy� incidentally originates from the ancient Greek word �tragōidia�.Tragedy is a part of life if not life as such: Klein, in his book

Filing ITR of AY 2015-16

Posted by CMA. CS. Sanjay Gupta 11 July 2015 51642 Views

Obligation to file Income Tax Return Every individual whose total income before allowing deductions under Chapter VI-A of the Income-tax Act 1961, exceeds the maximum amount which is not chargeable to income tax is obligated to furnish his return of

Accounting as per AS 11 - A Special Case

Posted by Yash Goyal 11 July 2015 49763 Views

Facts of the CaseA foreign currency loan has been obtained by the company for financing Plant & Machinery, a depreciable fixed asset. The principal portion of the said loan is fully secured by entering into twelve forward contracts for the instal

5 observations on CA career

Posted by Ankit Sharma 10 July 2015 67951 Views

5 Observations about CA After 1 year of being a member1. CA is not the gateway to success:The one of the major reason why everybody opts for chartered accountancy is the ever prevailing notion that CA is a gateway to success. We have started hearing

Suggestion for making CA a global degree

Posted by Mayank 10 July 2015 16398 Views

Regarding,1. CA Curriculum- CAs are known for Accounting, Audit, Taxation. But, These Subjects vary country to country. Unlike Finance, Finance is one subject which will bridge CA's for Global Employ-ability. MBA's from top 20 colleges and CF

Section 35-F of central excise act, 1944

Posted by Prabhat Kumar 10 July 2015 21579 Views

Law has always been a dynamic subject and so is the interpretation of law. Section 35F of the Central Excise Acts provides deposit of “certain percentage of duty demanded or penalty imposed before filing of the appeal”. Earlier in this se

ICAI must oppose GST in present form

Posted by CA Anil Garg 10 July 2015 22811 Views

Goods and Services Tax (GST) being implemented, is held out to be the biggest tax reform in India since independence. As an entrepreneur, I find it a complete farce and colossal waste of opportunity while still incurring huge cost of implementation t