CAclubindia Articles

Business Enabler - Something that we CA's need to be!!

Posted by Sumeet Kapur 27 November 2014 11970 Views

Do not book unrealised gains but provide for all potential losses this is the most commonly taught convention of conservatism to all of us who studied CA. We follow it so much throughout our work life, that uninten

Cracking CA Final not difficult

Posted by Ashwini Nirgude 27 November 2014 22200 Views

My Dear Friends, I would like to ask you Is CA Final Cracking difficult? Many of you must be thinking that it is difficult. But let me tell you its not so. Its just a matter of effort. Rather I will call it a smar

Complete Audit: A new look at social audit

Posted by DR. NEERAJ MEEL 27 November 2014 14030 Views

Abstract It is a Research paper. The purpose of this article is to evaluate the current state of social audit. Analyzed the importance of social audit in every social activity. Universal imperatives of social audit are shown with examples.

Transfer Pricing - Flexing Muscles!

Posted by Shri Shri 27 November 2014 8405 Views

Recently the high court has ruled in favour of the Indian arm of Shell Plc in a tax case that made waves internationally in a transfer pricing case thereby affirming that it is not difficult to do business in India. The highlight is that the revenue

How do we assess the quality of Fixed Asset Record and related Controls?

Posted by Tulasi S Sastri 26 November 2014 17235 Views

Internal Financial Controls, under the Companies Act 2013, are Policies and Procedures, adopted by the company for ensuring orderly and efficient conduct of business, and among others, include, Safeguarding of its Assets. Let us see the

Read Balance Sheet in 3 Simple Steps!

Posted by Ashutosh 26 November 2014 55014 Views

If you have been studying Business, Finance, Economics then chances are that you are going to work in these domains. You definitely need to know some basic principles in order to understand & manage the finances better. During an interview for th

Life Of A Fauji: Lessons for Chartered Accountants

Posted by Nimish Goel 25 November 2014 32464 Views

Recently I watched a very old TV serial Fauji starring Shahrukh Khan. A lot of you perhaps wont even know that Shahrukh Khan started his career acting in TV serials and then went to the Bollywood. This serial was based on the t

Is KVP a tool to convert black money to white?

Posted by CA Umesh Sharma 24 November 2014 32080 Views

Karniti Part 64Is it a tool to convert Black Money into White - Kisan Vikas Patra ?Arjuna (Fictional Character): Krishna, recently the Government has reintroduced the investment scheme of Kisan Vikas Patra. There are many questions rega

FTS u/s 9 of Income Tax Act, 1961

Posted by CA Nischal Agarwal 22 November 2014 31564 Views

Installation & Commissioning Expenses are not covered under the definition of FTS u/s 9 of Income Tax Act, 1961 The issue is no longer res integra as it has been held by Honble ITAT Mumbai in case of Bennet Coleman & Co. Ltd. Vs ITO(TD

Loophole in section 139 of the Co. Act, 2013

Posted by CA HEMANT SHARMA 22 November 2014 47392 Views

LOOPHOLE IN SECTION 139 OF THE COMPANIES ACT, 2013The legislature in their wisdom decided to plug loopholes of the erstwhile Companies Act, 1956 by inclusion of various new provisions to prevent frauds in the Companies Act, 2013 which were not a part