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CAclubindia Articles


Responsibility of Professional Signing Annual Return

Posted by CMA Arif Farooqui 29 December 2012 11030 Views

W.e.f from Financial Year 2011-12, Professional (CA, CMA, CS) signing MCA Annual Return have to certify whether Cost Accounting Record Rules -2011 (CARR) or Cost Audit Orders (CAO) are applicable on company or not and mention Product or Service



Cheque Truncation System: Digitisation in Banks

Posted by R. Sudarshan Bala 28 December 2012 31393 Views

CHEQUE TRUNCATION SYSTEM: A TOOL REQUIRED FOR DIGITISATION IN BANKS As we all know the environment around us is highly dynamic and volatile which necessitates continuous updation and improvement in order to survive competitively. The



Alimony and Tax Implications

Posted by Manish Negi 28 December 2012 14801 Views

Meaning of Alimony Alimony or maintenance is a U.S. term signifying a legal obligation to provide financial support to one's spouse from the other spouse after marital separation or



What is Salary | How to Calculate TDS on Salary

Posted by @VaibhavJ 27 December 2012 1064755 Views

TDS on salary is computed on Salary under section 192. TDS on salary is computed on the estimated annual salary of the employee at the rates in force in the FY



Master Circular on Audit System issued by Government

Posted by gokul rathi 27 December 2012 54472 Views

We are aware that every year, on 1st July, the Reserve Bank of India comes out with Master Circulars on various subjects which consolidate all the instructions on the subject issued throughout the year. 102 such Master Circulars have been issued b



Clubbing of Income: An essential part of Tax Filing

Posted by Garvit Dave 27 December 2012 19475 Views

Now that we know the scenarios which lead to clubbing of income, we could efficiently work around this very premise to save taxes. There is a fine line of difference between tax saving and tax evasion, spilling over from one to another could mean



Beware! Mis-selling Season Ahead!

Posted by Prof. Bajaj 27 December 2012 10629 Views

After coming back from his vacation, Sidhesh Tulange, a 33 year old Software consultant, logged into his office computer to make the first statement, Oh No !! I forgot to submit this before going to vacation. The HR department has re



The Burning Desire- Part II - The world of IPCC

Posted by CA Mihir Kulkarni 27 December 2012 26113 Views

The world of IPCC Hello Friends, Its been nice to meet you again. I was thinking about the second difficult level of ICAI exams i.e. IPCC, and the various problems faced by CA students during the course. It is o



Do You Need Financial Planning?

Posted by Ramalingam K 26 December 2012 9823 Views

Let's answer this important question: Most of us think that financial planning is only for the very rich or poor. There are others who think that people need to plan only when they grow old as they need to save for their retirement and old ag



New Features of New Income Tax Efiling Portal

Posted by Nishit Kaushikbhai Anadkat 26 December 2012 36467 Views

NEW FEATURES OF INCOME TAX PORTAL (https://incometaxindiaefiling.gov.in) After Assessee's Login, The Main options are - Dashboard which contains two options viz.To view Returns and Forms.List of Returns submitted showing major i




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