CAclubindia Articles

An analysis on Forensic accounting

Ajay Kamal 21 June 2011 at 13:14

FORENSIC ACCOUNTINGForensic Accounting is an integration of accounting, auditing and investigative skills. The term forensic accounting' was coined by Maurice E.Peloubet, in whose words "financial statements have some but not all the characteristics

A Student can think more?

Durga Rao 20 June 2011 at 12:23

Many a students pursuing professional courses like CA and CS focus on their syllabus, revision and the focus remains on completing the course. These students feel that they are secured once they complete their course and there can be exceptions.

OTC Forwards and Options - In Practice

CA S.SAIRAM 20 June 2011 at 12:23

OTC Forwards and Options In Practice Foreign Exchange Management involves a combination of hedging as well as profit making at the opportune time (subject to permission by regulator). Unless a country has pegged the domestic currency in te

TDS under TN VAT act & Rules

P.Jagadeeswaran 17 June 2011 at 14:46

Tax Deduction at Source or TDS under the Tamil Nadu Value Added Tax Act, 2006 & Value Added Rules 2007 In Tamilnadu, Tamilnadu Value Added Tax, 2006 received the accent of the Governor of Tamilnadu on the 14th of December, 2006 and was enact

Chartered Accountants: a career in financial services

Vikranth 16 June 2011 at 16:32

Amrita T., a CA, currently works in the Project Finance arm of Tata Capital. Srikanth N was treasurer of a large MNC bank. What is it that prompted them to move into the mainstream of Financial Services? The career growth and money are both much m

Service Tax Audit

MONISH BHALLA 16 June 2011 at 11:50

The country is passing thorough a phase where the need of transparency at all levels appears to be explicitly essential. There is a trust deficit at all levels, be it the Civil society, public at large or government machinery. The assessees are en

Penalties under the Income Tax Act

Neha Yadav 16 June 2011 at 11:50

PENALTIES UNDER THE INCOME-TAX ACT For non-compliance with the different provisions of our Income Tax Act, Section 140A, 143(1A), 221 and 271 to 275 give the reference to levy penalty on a assessee. An assessee might be prosecuted for his comply wit

The why and how of 'human asset' valuation

Equitymaster 16 June 2011 at 11:49

Despite being an important asset for a company, human resource is an asset always ignored by accountants. With regards to assets, there is a fundamental conflict in accounting practices between human and non-human assets. Only non-human assets find

Life is crazy but not easy

Dipti Achhra 15 June 2011 at 12:45

Hey Friend$, Thanks for the response and the appreciation on the article "I CANT BUT HE CAN" which inspired me to write another article for the readers............. Life is full of twist and turns that everyone agrees... L

Importance of Bank Documents and Their Verification

Guest 14 June 2011 at 17:44

The Law of evidence plays a pivotal role in the effective functioning of the judicial system. The existence of substantive rights can only be established by relevant and admissible evidence. Relevancy of facts is the key to determine