CAclubindia Articles


Reasons why I believe Chartered Accountancy is in a Mess

Posted by CA Rohit kapoor 13 July 2015 46398 Views

There can be two answers to the above Question i.e. Yes Or No. I will talk about Chartered Accountancy being in a Mess in my article as Criticism leads to Improvement and I believe in it.Well the course is right now pretty screwed up, because of the



Taxability of software under indirect tax law and GST

Posted by Shivashish 13 July 2015 14302 Views

Information Technology (IT) industry has grown multi folds in last 2 decades in India. It is one of the most revenue generating sector for government, job creating sector for individuals.The taxability of Software/Solutions/Clouds has always been a l



Bhaijaan, TDS se kar lo Pehchaan

Posted by CA Umesh Sharma 13 July 2015 21324 Views

Karneeti Part 106Bhaijaan, TDS se kar lo PehchaanArjuna (Fictional Character): Krishna, the festival of Eid is approaching. But the Taxpayers are in a rush of filing TDS returns. As the due date of TDS returns and the auspicious festival of Eid have



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 8129 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 20591 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 49765 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




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