CAclubindia Articles

Of deemed dividends and accumulated profits

Guest 18 June 2007 at 04:36

The concept of deemed dividend postulates two factors, whether thepayment is a loan and whether on the date of payment there isaccumulated profit.Closely-held companies having accumulated profits in whichsubstantial voting power lies in the hands of

Deadly sins of management writings

Guest 15 June 2007 at 03:55

The MIT Sloan Management Review brings out every quarter acompendium of ideas, opinions and research on the precepts andpractices of management and their application to real lifesituations. Whoever closely follows the contents over a period isbound t

Chartered Accountants as a Career

धारा - 1 13 June 2007 at 22:02

Overview The role of Chartered Accountants has been undergoing a sea change. What was once a regulatory function has now evolved to a compendium of roles dealing with finance. Chartered Accountants (CAs) occupy key posts

New boardroom dynamics

Guest 12 June 2007 at 06:02

What happens within boardrooms of companies has a direct bearing oncorporate governance, and the character and value systems of thedirectors and the time and inclination they have to exercise closeand constant supervision influence the happenings wit

Frequently asked question on e-TDS

Guest 09 June 2007 at 02:31

FREQUENTLY ASKED QUESTION ON e-TDS1. What is annual e-TDS/TCS Return?Ans. Annual e-TDS/TCS return is the TDS return under section 206 of the Income Tax Act (prepared in Form Nos. 24, 26 or 27) or TCS return under section 206C of the Income Tax Act (p

Indian Economy : The Future

Late CA Sampat Jain 05 June 2007 at 01:41

India - Perspective for Growth with Stability(Addressby Dr. Y.V. Reddy, Governor, Reserve Bank of India at the Symposium onCurrent India at the Institute for Indian Economic Studies, WasedaUniversity, Nikkei, Shinbun on May 28, 2007.) Professor

SC defines 'manufacture'

CA Nikita 31 May 2007 at 06:52

The question whether plants and machinery assembled at site amounted to manufacture and therefore attracted excise duty arose in three appeals before the Supreme Court in the case, Commissioner of Central Excise vs Cethar Vessels Ltd. In one case, th

SC's stand on dishonoured Cheques

CA Nikita 31 May 2007 at 06:48

The Supreme Court has tightened the rule against the drawers of cheques, which are dishonoured for want of sufficient balance in the bank account. They cannot avoid service of notice by the payee by making themselves scarce, according to the judgment

Job Prospects for CA students

CA Nikita 29 May 2007 at 12:15

The training for CAs is a highly elaborate procedure. Aspiring chartered accountants should pass the intermediate exam within ten years of the commencement of their practical training. During the training period candidates would be required to work i

How can make an audit effective by coordinating audit aspects & audit procedures

Praveen Kumar Daga 25 May 2007 at 08:32

Beforestating anything I have two words to explain aspects and procedures. Now if wewant to do any work perfectly than we should know the aspects and proceduresrelated to that particular work. To be professional in our work we shouldanalyze first wha