CAclubindia Articles

Basic components of salary and its taxation

Posted by CA SONIYA AGARWAL 27 July 2015 21437 Views

CTC is cost to company and the components areBasic+HRA+CONVEYANCE+MOBILE REIMBURSHMENT+MEDICAL reimbursement+All allowances+LTA+employer contribution of PF+Employer Contribution towards ESI+Total variable incentives+Perks & benefits+ Insurance Pr

I will pass

Posted by Gaurav Arya 27 July 2015 40015 Views

Recent results of CA Finals shattered the dreams of so many students on the ground. Mere 8.26% results of both groups depict so many things. Whether result was moderated, students have not done thorough study, lack of conceptual clarity, lack of pra

Tips to succeed in CMA Intermediate Examination: First Group

Posted by Kapil Kaushik 27 July 2015 13519 Views

This article relates with Cost and Management Accounting (Intermediate) examinations. However, students of other professional examinations may also find it useful and interesting.After passing the Foundation Examination, as conducted by ICMAI, the st

Highlights of Report on the GST Bill by Select Panel of Rajya Sabha

Posted by Bimal Jain 27 July 2015 4885 Views

Dear Professional Colleague,Highlights of Report on the GST Bill by Select Panel of Rajya SabhaWith the first day�s proceeding of the Monsoon session of the Parliament getting distressed, the Select Panel of the Rajya Sabha had submitted its Re

Secretarial standard -II under Co. Act, 2013

Posted by CS Divesh Goyal 27 July 2015 4293 Views

BACKGROUND:The Ministry of Corporate Affair (MCA) has issued circular Dated: 10th April, 2015 vide Letter No. 1/E/2014/CA/I and same has been notified in official Gazette on 23rd April, 2015. Secretarial standard has been applicable on Companies from

Use of digital signature and electronic maintenance of records under central excise and ST

Posted by Ravi Kumar Somani 25 July 2015 11077 Views

Use of Digital Signature and Electronic maintenance of records under Central Excise and Service Tax Government of India has in the recent past launched its dream initiative of �Digital India� which promises to integrate the government dep

Annual works of LLP

Posted by CS Divesh Goyal 25 July 2015 8793 Views

Post incorporation requirements are obligations which LLP are supposed to fulfill subsequent to incorporation. These include filing of annual returns, change of Partners/ Designated Partners, alteration in Contribution, and change of registered offic

Know your Accounting Standards

Posted by Prateek Jain 25 July 2015 22877 Views

Accounting Standard -15�Employees Benefits�Accounting Standard-15 issued by Chartered Accountants of India is mandatory in nature and has partial exemptions for level �II/III and Small and Medium companies.The objective of this Stan

Amendment in proviso- textile

Posted by Pradeep Jain 25 July 2015 10199 Views

TRIPLE THE AMENDMENTS, TRIPLE THE HASSLE, NOW ALL IS WELL Introduction“Proviso”: when it is added to an exemption notification, brings out some conditions on fulfillment of which the benefit of notification will be allowed. Therefore, as

What is GST and its benefits?

Posted by CA MOHIT SINGHAL 25 July 2015 24521 Views

Introduction:GST stands for �Goods and Services Tax�, and aimed at creating a single, unified market that will benefit both corporates and the economy. It is an indirect tax that will lead to the abolition of all other taxes such as octro