CAclubindia Articles

XBRL - Role & Responsibility of Management & Professionals

Posted by UJWAL.D 03 March 2012 20307 Views

Dear All, As all know, MCA has mandated for certain classes of companies for filing of their financial statements only in XBRL Form from the year 2010-2011 and in coming years applicability of filing financial statements in XBRL forms will be exte

Why PPF is not a risk free investment?

Posted by VIVEK SHARMA 02 March 2012 31142 Views

Public Provident Fund (PPF) is a very popular investment option for salaried individuals. People use PPF as a tax saving tool. Under Section 80C of Income Tax act in India, you can make investments upto Rs.1 lakh in PPF and get tax benefit of 30.

XBRL-Introduction

Posted by CS Vidhya 01 March 2012 17240 Views

Over the past one year most of the practising professionals, big corporate started pronouncing the word XBRL. The word XBRL is a short f

Lessons from Sachin for CA students

Posted by Haran 02 March 2012 16335 Views

dear friends iam trying to motivate those people who are trying to quit ca after one or two failures in their exam and who always fear criticism from their friends,family,others and hence decide to quit ca. but we all have to learn from the little m

Changing deficiency to efficiency

Posted by VIJAYAN 29 February 2012 8114 Views

After my first post on 'getting good marks', a student called me and told that he is lagging on certain quality and he felt that he is incapable of doing something. I took a few minutes to tell him a story: In a village, ther

5 Mistakes to avoid while saving tax!

Posted by Prof. Bajaj 29 February 2012 33179 Views

Its March knocking on the door and the same mad rush is seen everywhere. For what ?? To save tax of course. Be it businessman or salaried or professionals, there is still a huge chunk who are yet to make their tax saving investments and while doing

Shares held as investment & Shares held as Stock-in-Trade

Posted by Anooj 01 March 2012 16697 Views

Distinction between shares held as stock-in-trade and shares held as investment - tests for such a distinction 1.The Income Tax Act, 1961 makes a distinction between a capital asset and a trading asset. 2. Capit

Why to Vote?

Posted by priyanshu saxena 29 February 2012 4063 Views

Yesterday, at home we my mom, my dad and I were discussing on a popular saying: Sarkari school me padhna nhi hai Sarkari Hospital me Ilaaj Nhi karwana Sarkari Bus me nhi Jana But Naukri chahiye to Sarkari Means Everyon

Budget 2012 of Hope for DTC

Posted by CA Sudhir Halakhandi 28 February 2012 13652 Views

As per the expectations the DTC will replace the Income Tax Act which is more than 50 years old. While tabling it in the parliament the Hon. Finance Minister has announced that DTC will be effective from 1st. April 2012. What will be the actual

Analysis of Short Term Accommodation Service Introduced by Finance Act, 2011

Posted by PUNEET GOYAL 28 February 2012 30118 Views

Analysis of Short Term Accommodation Service Introduced by Finance Act, 2011 Taxable Service As per section 65 (105)(zzzzw) taxable service means any service provided or to be provided to a