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CAclubindia Articles


Concept of Project Costing

Posted by CMA Ramesh Krishnan 31 December 2012 38047 Views

Concept of Project Costing Introduction: Costing of an each product or activity will differ from product to product and activity to activity. But the concept of the costing is same for all type of costing whether Product costing or Service costing.



Wealth Tax: Taxes on your wealth!

Posted by Garvit Dave 29 December 2012 32624 Views

Wealth tax is a direct annual tax, payable every year like your direct taxes. It is another type of direct tax by which tax is imposed on individuals coming within its purview. Pensioners, retired persons or senior citizens have not been accorded



Short Note on Rejection of Draft Offer Documents

Posted by Ajay Mishra 29 December 2012 11015 Views

INTRODUCTION The Securities and Exchange Board of India (SEBI) has vide General Order dated October 09, 2012 framework general criteria subject to which draft offer documents filed for issue of



Responsibility of Professional Signing Annual Return

Posted by CMA Arif Farooqui 29 December 2012 11033 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 31395 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 54473 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 19476 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




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