CAclubindia Articles


Sanctity of Accounting Standards

  Rahul Tibrewal    20 March 2008 at 23:42

Under section 145 of the Income-tax Act, 1961, certain accounting standards have been made mandatory while computing the taxable income. However, this has been challenged by certain Companies on the ground that the mandatory provision is unconstituti



Mantras to Success

  yogesh    20 March 2008 at 00:20

C.A. Yogesh Chaudhary MANTRAS TO SUCCESS Dear Friends: There is hardly anyone in this world who would not like to succeed. People in business want expansion, people in job want promotion. Some want to succeed for fame& some for happiness but a ve



FAQ ON ACCEPTANCE OF LOAN OR DEPOSIT OF MONEY

  Late CA Sampat Jain    19 March 2008 at 18:35

FREQUENTLY ASKED QUESTIONS ON ACCEPTANCE OF LOAN OR DEPOSIT OF MONEY Author: CA Sampat Jain Co-Author: CA Nikita Kala Q1. What is the defi



steps necessary to Plan/Start the Audit Engagement

  chetan soni    18 March 2008 at 22:55

Obtaining an understanding of the entity's business and the industry in which it operates. Inquiries concerning the entity's accounting principles, policies and practices. Inquiries concerning the entity's procedures for recording,



Strategies for Cracking PE-2 Exams

  Shreyans    18 March 2008 at 22:55

Strategy for Cracking PE-2Considering a professional approach, all the papers, and all the topics of each of the papers covered in the curriculum are equally important for any chartered accountant. However, from an exam perspective, we should plan ou



Analysis of Retirement benefit (Gratuity)

  Rahul Gupta    18 March 2008 at 19:02

Analysis of Retirement benefit (Gratuity)March 14, 2008Meaning :-Gratuity is a statutory benefit paid to the employees under the Payment of Gratuity Act, 1972 who have rendered continuous service for at least five years. The employee is eligible for



Schedule XIII of Cos, Act,1956

  Manish Kumar Soni    18 March 2008 at 19:02

REMUNERATION AS PER SCHEDULE XIII (A) CEILING LIMIT EFFECTIVE CAPITAL MAX REMUNERATIONP.M.Less than Rs. 1 Cr. = Rs. 75,000R



Application U/S 295 & 372A

  CA Praveen Chopra    17 March 2008 at 17:05

Check List for submitting the application u/s 295 & 372A of The Companies Act, 1956 PLEASE ENSURE WHILE SUBMITTING THE APPLICATION IN RESPECT OF LOANS/CORPORATE GUARANTEE OR FURNISHING SECURITY UNDER SECTION 295 & 372 A OF THE COMPANIES ACT, 1956 THA



How to claim HRA & house loan benefits

  CA Praveen Chopra    17 March 2008 at 14:36

How to claim HRA and home loan benefits[Submitted by CA. Praveen ChopraB.Com, ACAGandhidham , Gujarat]March 17,2008The documents required to claim deduction and implications of joint ownership of property. Documents required for claiming deduction I



Understanding about Letters of Credit

  CA Praveen Chopra    17 March 2008 at 10:49

Understanding about Letters of Credit[Submitted by CA. Praveen Chopra,B.Com., ACAGandhidham, Gujarat]March 16,2008PurposeThe purpose of this document is to provide a general understanding of letters of credit, their use and application. The topics co