CAclubindia Articles

Quotes on Income Tax

Posted by CA SURENDRA KUMAR RAKHECHA 16 May 2013 20664 Views

QUOTES ON INCOME TAX : CA SURENDRA RAKHECHA . . READING OF A "SECTION" GIVES DIFFERENCE RESULTS ! . . 1. At First Reading; you will HARDLY understand it. 2. At Second Reading; "SOMETHING" you will understand. 3. At Third Readin

Overview of Revised Format of Auditor's Report

Posted by Rahul Sethia 16 May 2013 54071 Views

Auditors Report is the finale of the professional work of an auditor. It also acts as a means of communication with various stakeholders of the company. After the year 2008, commonly remembered as the year of financial crisis, superior clar

Financial Intelligence Unit (India)

Posted by Reena Kewat 16 May 2013 21609 Views

FINANCIAL INTELLIGENCE UNIT (INDIA) A NEW STEP TO CONTROL MONEY LAUNDERING Introduction Money Laundering has always been a matter of discussion for government of all the countries. Money laundering is the process of conce

Few drastic situation that may arise in 3 hours exam time

Posted by CA.ANKIT DESAI 15 May 2013 18702 Views

3 hours exam time stress management is very crucial to get handle since it may hazard all your preparation if turns in stress. All the depressing situation that may arise during that 3 hours time is around 99% depends on your mind set and the res

A Handy Referencer on Reverse Charge Mechanism

Posted by CA Pardeep Chanana 15 May 2013 24677 Views

Relevant Notifications:- Notification no. 30/2012 dated 26.06.2012 later updated by notification no. 45/2012 dated 07.08.2012 w.e.f. 01/07/2012 Dual System of Service Tax Payment A. F

Capitalization of Borrowing Cost

Posted by CA Prashant Gupta 15 May 2013 44463 Views

In this competition market mostly business work on borrowed funds. Finance has the work to arrange and utilize the funds. But after this Q is raised, when this borrowing cost will be capitalized and when it is charged to revenue. AS-16 deals with th

How to create job opportunities for a CA

Posted by CA SURENDRA KUMAR RAKHECHA 13 May 2013 37801 Views

Till 2006, there was a craze to be an MBA. . Till 2010; there "was" a craze to be a CA. . . Looking to the "increasing" numbers of the students; to retain its "credibility" t

Inclusion of Transporters Details in TDS Returns are mandatory

Posted by Ganeshbabu K 13 May 2013 112070 Views

As per Income tax act 194C, TDS is not required to be deducted on payments made to transporter If PAN number has been provided to the deductor. Further as per Section 197 of Inco

Understanding LBT & Government

Posted by Ashish Kedia 13 May 2013 23912 Views

It seems the arrogance of the government simply refuses to die! Inspite of being witness to one of the largest mass movements over the last 4-5 days by the business community in recent time, the government seems to be in no mood to show any empathy.

What the Checker wants from your examination sheet

Posted by CA.ANKIT DESAI 11 May 2013 32865 Views

Possession of knowledge is one thing and presentation is other & sometimes presentation will be able to win the situation even if the knowledge is lacking. Same concept needs to be in mind while writing your answer sheets. Some points needs to