CAclubindia Articles


A 21st Century Greek Tragedy

Posted by Gaurhari Pal 11 July 2015 20590 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



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 21580 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



Requirement of Actuarial Valuation services in compliance of AS 15

Posted by Tikaram Chaudhary 09 July 2015 21795 Views

The article given below may help you to understand the requirement of actuarial valuation services in compliance of AS-15 (Revised 2005) under various employee benefits plans such as Gratuity, Leave Encashment , Pension, etc. :-Accounting & Discl



CBEC issues guidelines for detailed manual scrutiny of ST-3 Returns w.e.f. August 1, 2015

Posted by Bimal Jain 09 July 2015 16701 Views

Dear Professional Colleague,CBEC issues guidelines for detailed manual scrutiny of ST-3 Returns w.e.f. August 1, 2015Background:The Central Board of Excise and Customs (�CBEC� or �the Board�) vide Circular No. 113/07/2009-ST d



Pay as you earn scheme of advance tax

Posted by CA Kumar Kedia 08 July 2015 55927 Views

In today's Scenario, the collection of advance tax by Government of India amounts to a big share in the revenue of Indian Economy. Advance tax is paid in the year in which income is received. There




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