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CAclubindia Articles


How to get out and stay out of debt?

Posted by Ramalingam K 23 December 2011 7220 Views

In spite of steady, regular income there are so many individuals who live paycheque to paycheque, carry their credit card outstanding, and fail to save anything for retirement. If you are one of them, now is the right time to take action to come out



Understanding section 28 with latest case laws

Posted by Manish Kumar Agarwal 23 December 2011 75753 Views

The usage of section 28 to justify any expenditure or loss is rarely found. We try to substantiate the same under section 36 or 37 and sometimes not able to get the deduction due to limitations and conditions laid down in that section. Thats



DTC not Tabled - Indian Slowdown

Posted by Indraneel Sen Gupta 22 December 2011 9870 Views

The much awaited Direct tax code is being delayed further as the chances of Parliaments standing committee on finance submitting its report on the Bill in the ongoing Winter Session, which concludes on December 23, are bleak. With barely



Exemption From ITR Filing : A Mirage ?

Posted by Prof. Bajaj 21 December 2011 32245 Views

Phew !! Thank God (and thanks to Pranav Babu) I dont have to file ITR this year. It is such a painful process, Said Ajay Dixit, a 27 year old BPO Executive to his friend Kapil. And how did you arrive at this conclusion,



How CA Profession Changed in 2011 Part-II

Posted by ANANDH SUNDAR 20 December 2011 42228 Views

After my earlier article(http://www.caclubindia.com/articles/how-ca-profession-changed-in-2011-11847.asp) got a favourable response, I thought of writing a followup, now that we are at the end of 2011, with lots of economic uncertainity ahead. My ea



Definition of Capital as per Company Bill, 2011

Posted by AMAN JAIN 20 December 2011 12739 Views

Definition of Share capital and debentures in Company Bill 2011 Equity share capital has now been defined as: Equity share capital, with reference to any company limited by shares, means: all share capital which is not prefere



Major Amendment regarding Share Application Money

Posted by RG - A Helping Hand 20 December 2011 180612 Views

Dear Professionals Colleagues, It is my humble effort to update you all regarding a very important amendment in Corporate Laws through MCA Notification dated December 14, 2011. Ministry of Corporate Affairs has vide its notification dated 14.12.20



RBI Governor critiques ICAI on CPE, rent seeking, delegates

Posted by ANANDH SUNDAR 19 December 2011 16059 Views

Its a habit of mine to read speeches by RBI Governor/Dy Governors to glean some insights into their way of thinking, and also generally to know what issues are generally concerning the economy. And while reading the RBI Governor's speech on Chal



Basic Steps involving to install the Costing system

Posted by CMA Ramesh Krishnan 19 December 2011 76969 Views

Introduction: Costing system is an important tool for Cost control and cost optimization in any type of organization. Each industry has got different type of cost involving in to the operations,



All about XBRL

Posted by CS GURVINDER SINGH 19 December 2011 22762 Views

INTRODUCTION XML stands for extensible markup language. Extensible means language that can be extended by anyone who wants to create additional ways to use it. Markup means that XMLs primary task is to give definition to text and symbols. Lan




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