CAclubindia Articles

Marks - A real measure of performance or just a record?

Posted by Amol Gopal Kabra (CA,CS,DISA) 05 June 2014 10912 Views

Recently, the results of HSC i.e. 12th Grade have been declared. As usual, there were mixed feelings for the students. Passed students have scored marks as low as 35% to as high as over 98% also. However, if we can see a large number of students are

Taxation of Gifts

Posted by CA. Ankit Chandrakar 05 June 2014 15345 Views

GIFT'Gift' is a transfer of a particular movable/immovable property from one person to another without consideration/adequate consideration. TAXABILITYWhere an individual or an HUF receives an amount exceeding Rs.50,000/-,

Throughput Accounting: A new approach to Management Accounting

Posted by Hetvi Sheth 05 June 2014 21795 Views

ICAI CA final Management Accounting module makes a slight reference to the concept of Throughput Accounting. On reading various literatures on this concept, it changed my pe

How to take Wise decision about Career

Posted by CA CS CIMA Prakash Somani 04 June 2014 21820 Views

Everybody talks about one thing, I have to clear my CA exams but have you ever thought beyond CA course i.e. what will be your core area of interest once you become CA!There are n number of options like accounts, Finance, Banking, manufacturing, Serv

Income Tax Return of Deceased Assesse

Posted by CA Jayaram Prasad Pisipati 04 June 2014 84487 Views

This article is meant for young professionals in practice who in the course of their practice come across cases where they may be requested to file return of a deceased assesse.With experience I can say that upon the death of the assesse, filing of t

Taxability of Prepaid coupons like sodexo

Posted by CA Neil Ganatra 04 June 2014 13798 Views

What is the taxability of Prepaid Coupons?As it is not possible to discuss all the perquisites in one article, let us discuss the taxability of a perquisite which is always in question taxability of prepaid coupons say for example Sodexo coup

Rebate U/s 87A

Posted by CA Neil Ganatra 05 June 2014 92678 Views

Section 87A of the Income Tax Act, 1961 was introduced in Finance Act, 2013 to give benefit to a large number of people whose net total income is less than Rs. 5,00,000/-. The rebate under this section is available to resident

TDS on Salary

Posted by CA Neil Ganatra 04 June 2014 13972 Views

TDS ON SALARY and Rebate U/s 87AAny person responsible for paying income chargeable in the hands of recipient as Salaries shall make TDS u/s 192 of the Income Tax Act, 1961. The article discusses some basic aspects of the provisions o

Karniti Part-39: Now You Can Create Modiji Like One Person Company

Posted by CA Umesh Sharma 03 June 2014 11355 Views

Arjuna (Fictional Character): Krishna, Recently one person has shown that nothing is Impossible and created history, that person is Current Prime Minister of India Mr. Narendra Modi

Useful Interpretations about Companies Act, 2013- Part-1

Posted by Ankur Garg 03 June 2014 74833 Views

Dear Professional Colleagues, During the process of decoding new provisions and stipulations of Companies Act, 2013, I have observed below mentioned interpretations about few important topics which affect our day to day corporate working. This write