CAclubindia Articles

PPF Account

Posted by Ketan 21 October 2013 32838 Views

What is a PPF account? Public Provident Fund (PPF) is the scheme floated under the PPF Act 1968 by central government. PPF is one of the safest investment product backed by Government of India and also gives tax benefit under section 80(c) of the In

Consumer Protection in Financial services - Some aspects

Posted by Srikanthan 21 October 2013 9391 Views

Consumer Protection in Financial services Some aspects Recent move by the Reserve Bank of India, putting a stop to the so called Zero Interest schemes by Banks was a very welcome move. Just as one was feeling happy reading this, clear

Income from Salary Simplified

Posted by CA Pallav Singhania 21 October 2013 49216 Views

BASIS OF CHARGE: [Section 15] As per Section 15, salary consists of the following: any salary due from an employer or a former employer to an assessee in the previous year, whether actually paid or not; any salary paid or allowed to him in the

How to write in CA Exam?

Posted by CA Chirag 21 October 2013 23109 Views

After a lot of time thinking, I decided to write an article on How to write answers in CA Exams. The views are written herein below are purely personal. Somebody agree or somebody might not. Remember following things which are importan

Same activity is not as Manufacture & Service at a time

Posted by Bimal Jain 21 October 2013 7456 Views

Dear Professional Colleague, Same activity cannot be considered as manufacturing and service at a time We are sharing with you an important judgement of the Honble CESTAT, New Delhi, in the case of Jubilant Industries Limited Versus CCE, Ghaz

Significance of Minutes of meetings and principles to be observed while drafting: Part-II

Posted by G S Rao 21 October 2013 16548 Views

Introduction: In my previous article (Part-I), a detailed analysis was made of the provisions of Section 118 of the Companies Act,2013(The Act,2013 or Act )and rules applicable to maintenance of minutes in electronic form. The topic of minutes wil

Section 194H - Principal and Agent Relationship?

Posted by CA Dhruva Kalamanji 21 October 2013 15792 Views

Section 194H Principal and Agent Relationship? In the normal course of business, to gear the sales the manufacture will give many types of incentives (in the form of commission or brokerage) and discount to his dealers. The very

Provisions of Companies Act 2013 (Along with Draft) Relating to Audit & Auditors

Posted by CS DHANAPAL 17 October 2013 77204 Views

Companies Act, 2013 has been published in the official gazette for public information and will become applicable once the Ministry of Coprorate Affairs (MCA) notifies it. Accordingly, MCA has notified 98 sections of the Act on 12th September 2013 fo

The 7 Laws of Clearing CA Exams - 2

Posted by Nitin Soni 16 October 2013 62562 Views

First thing first. I am overwhelmed with the kind of response my previous article The 7 Laws of Clearing CA Exam got. Almost 10,000 view and more than 100 comments. Wow! Thank you friends for appreciating my effort. When I wrote the

Preparing for Government Audit

Posted by Anurag 16 October 2013 22112 Views

EXPENDITURE AUDIT (M99,M07)(N01,N03,N06)(N11) Audit against Rules &Orders(M08) Is expenditure = in conformity with statutory provisions and financial rules and regulations? Functio