CAclubindia Articles

Budget 2015: Stepping stone to simplification?

Posted by Pradeep Jain 11 February 2015 17367 Views

As the budget session 2015 is approaching, the nation is garnering its own expectations. The assessees falling under the indirect tax net are no different. Struggling with the high end compliances and to cope up with the difficult rules to adhere, th

How can financial applications help in achieving business objectives?

Posted by Tulasi S Sastri 11 February 2015 15849 Views

General perception is that Financial Applications are mainly meant for book keeping, and that they do not have much relevance from business perspective. Probably this was true decades ago, when accounting was manual, historical, and produced financia

Repayment of deposits u/s 74 of the companies act

Posted by ANMOL JHA 11 February 2015 40826 Views

Dear Professional colleagues,Have a serious look into what is stated herein with your skillful application of mind. Section 74 of the Companies Act,2013, provides that any deposit accepted before the commencement of the Companies Act,2013, needs to b

How to write answers in CA exam

Posted by mahendra jangid 10 February 2015 67956 Views

While we all know how do we write answers in exam, it is very important to know how to write an answer in a professional exams in a professional manner like CA. Many of you may not take it seriously but believe me it i

Taxation of heriditary LIC insurance commission

Posted by sivadas chettoor 10 February 2015 30419 Views

TAXATION OF HERIDITARY LIC INSURANCE COMMISSION- A STUDYSIVADAS CHETTOOR BCOM FCA LLMINTRODUCTION:- The brief study in this article relates to some legal and taxation issues connected with the receipt of hereditary commission by nominee or legal heir

Fast track exit mode for defunct companies under section 560

Posted by Sahil Jolly 10 February 2015 24682 Views

Fast Track Exit mode for Defunct Companies under section 560 of the Companies Act 1956 A number of Companies registered under the Companies Act 1956 are inoperative since incorporation or commenced business but became inoperative or defunct later on

Has over-democratization paralyzed India?

Posted by CA. Saket Ghiria 10 February 2015 9320 Views

Democracy is the most beautiful thing invented by the modern society. It wont wrong to say that modern society came into existence because of democracy itself. Democracy becomes more significant in the country like India which has seen centuri

Building expertise among professionals!

Posted by Kunal R. Sarpal 10 February 2015 13579 Views

Why expertise is a must.In a sentence, If you are general, you are dispensable.We live in an era of the fast internet, impatient people, quick results and a friendly neighbourhood genie called Google. The other day at the family doctors

IFRS 15: Revenue recognition from contracts with customers

Posted by CA. Rajvir Bhatnagar 09 February 2015 16942 Views

IFRS 15: Revenue recognition from contracts with customers - Major changes in the offing for some industriesA new Standard, laying down revised guidance for recognising revenue from contracts with customers has been introduced by International Accoun

REIT - An Alternate Investment Window for Retail Investors

Posted by jagadish 09 February 2015 12327 Views

REIT - An Alternate Investment Window for Retail Investors Real Estate Investment TrustREIT market is a popular tool used globally to securitise income generating properties. The trust that uses the pooled capital of many investors to purchas