CAclubindia Articles

Accounting and Auditing in Ancient India

Posted by Sonia Jaspal 26 February 2013 22943 Views

Professionals want to know the origin of their profession, the work done in olden times and the level of knowledge. I thought of sharing with you the history of Indian accounting and auditing profession. I discovered in Kautilyas Arthshastr

Are you compatible with your investments?

Posted by Ramalingam K 26 February 2013 7419 Views

Mr.X, as a friend is more compatible to Mr.Y. At the same time, Mr.X is not compatible to Mr.Y as a friend. A same individual is compatible to one person but not compatible to another person. You all could have experienced this in your life. Compa

Famous Chartered Accountants

Posted by Akash Shiv Sarawgi 26 February 2013 159358 Views

Last night I decided to check a few good and famous Chartered Accountants. I found CAs who have excelled in their field and reached to great heights. Since we are not allowed to advertise I had to try hard and was able to come up with a few nam

Joint Charge Mechanism

Posted by Madhukar N Hiregange 25 February 2013 33764 Views

Introduction: The new service tax law based on negative list taxation was effective from 1st of July 2012. Though there are a number of aspects and issues under the same, one of the main issues of conc

Merely entry in books - Not amount to provision of Service

Posted by Bimal Jain 25 February 2013 6787 Views

Merely making entry in books of account did not amount to provision of service Highlights of important judgement of the Honble CESTAT-Chennai in the case of M/s FUTURA POLYESTER LTD. versus COMMISSIONER OF CENTRAL EXCISE. CHENNAI-I [2013 (1)

Five Reasons to invest in Debt Funds

Posted by Ramalingam K 25 February 2013 7956 Views

Though debt funds have got their own advantages, they are mostly ignored by common investors. Debt funds have got a unique place in your portfolio. Here are five simple situations, in which debt funds can be used by prudent investors. 1) To m

How to detect fraud during the Audit - A tool for auditors

Posted by Dr. Rashid Mehmood, CPA, Ph.D 22 February 2013 52565 Views

I felt a need to write about this important topic after experiencing that often times a fraud is detected by chance during the audit either by external or the internal auditors. The new auditors in profession and the auditors under training may sk

Taxability for concession in school fees or scholarship

Posted by Deepak Agrawal 22 February 2013 42634 Views

NOTE ON PERQUISITE TAXABILITY FOR CONCESSION IN SCHOOL FEES OR SCHOLARSHIP GIVEN BY THE EMPLOYER TO THE CHILD OF EMPLOYEE: 1. Taxability of Perquisites: As per section 17(2) (iv), Perquisite includes, any sum paid by the employer i

It happened in 13: Those 12 hours

Posted by Niraj Mahajan 21 February 2013 17559 Views

The day before the result. Unexpectedly I was calm, was with friends..had fund with them and saw a nice move in cinema hall.. came night, and the butterflies started waking up.. telling me how can you possibly sleep? Still, somehow passing time on

Procedural Checklist for effecting transfer of shares of the Company

Posted by Ajay Mishra 21 February 2013 34963 Views

INTRODUCTION The word 'transfer' is an act of the parties by which title to property is transferred from one person to another. Under Section 82 of the Companies Act, 1