CAclubindia Articles

Corruption beneficial to professionals?

CS Nadeem Ahmed Siddique 24 February 2012 at 12:04

Corruption a buzzword in todays society has found its place on every tongue, but is rather bitter in taste. Each day corruption is striking hard on the economy, some social activists are trying to curve the corruption but the fa

Immoral/Illegal/Against public policy-yet taxable or tax deductible in India

ANANDH SUNDAR 24 February 2012 at 12:04

During my study of both direct tax and indirect tax law, I saw quite a few instances where although the activity in question was illegal or prohibited, that fact was not considered for the purpose of tax law. That does seem a bit strange that tax la

Accounting Frauds

Vijay Kalia 24 February 2012 at 12:04

MANIPULATIONS THROUGH ACCOUNTING AND FRAUDS: Introduction: India figures amongst the top nations so far as stashing the black money abroad is concerned. It is estimated that one fifth of our GDP is there running parallel in the economy which transl

Positiveness - A way of life (Part I)

nitin suvarna 24 February 2012 at 12:04

Hello friends, this is my first article for CCI. I had been wishing & wanting to write one so here I am writing it. Before registering for CA course ,I had heard so many things about it( difficult one ,little expensive ,need to be smart &

Beware of your Banker!

Prof. Bajaj 23 February 2012 at 17:51

Welcome Mr. Mehta, What can do I for you ? said Jenny, a relationship manager working with a leading private sector bank, to the bank customer Mr. Mehta, who himself is a tax consultant. I just wanted to deposit these cheques

Bring out your potentials,win the race

Vijayalakshmi.K 23 February 2012 at 17:50

From my school days, I am a average students, after I follow these things, my capacity to study was enhanced very well. 1) Select a regular place and concentrate fully and study. 2) Whatever you study, give 5 to 10min relaxation for every 1 hour. 3

Words of Loser

Krish 23 February 2012 at 17:50

What do you think? CA is difficult or not? Obviously either your answer will be Yes, if you are fed up with attempts to try again & again or may be No if you have cleared your attempt in 1st attemp

FAQ / Oltas / e-TAX Payment

Guest 22 February 2012 at 15:29

What is e-payment of taxes? This is a facility provided to the taxpayers to make income tax payments through internet, using net-banking facility. How can I use this facility to pay income tax? You can use the facility if - a) You have a bank ac

Stuck with a wrong Policy? Get over it!

Prof. Bajaj 21 February 2012 at 11:43

Where were you all these days? Why didnt you come when I was making all these mistakes ?? asked Dr. Rajesh Sharma, a 32 year old surgeon, sitting on a sofa in his drawing room. Mrs. Ragini Sharma, his wife, came rushing out to

Foreign Contribution Regulation Act 2010 - Critical Issues

Yogesh Agarwal 21 February 2012 at 11:43

The Foreign Contribution Regulation Act 1976 is repealed with the enactment of Foreign Contribution Regulation Act 2010 (FCRA 2010). The new FCRA 2010 imposes restrictions on investment in Mutual Funds. The restriction is imposed by virtue of sect