good megha, you are in right way , keep it up.

(humour)

The comments of Megha and CA Ravi are off the meeting.

sir , your suggestions  are very helpful as it shows the right to approach

                                                                                                                    from anup kumarsingh

Originally posted by : ANUP KUMAR SINGH
	sir , your suggestions  are very helpful as it shows the right to approach                                                                                                                     from anup kumarsingh

Thank you...

Dear Sir,

           You have mentioned IN DEPTH study in the above discussion , can you tell that along with the vast syllybus of CA Final how shall we go indepth into each and every topic..

Thanx for sharing...

Originally posted by : CA SURENDRA KUMAR RAKHECHA
	I agree that students should be informed for the changes. But whatever changes are there in the economy and consequently in the accounting profession; is well informed by the institute in its journal. Not only reading and information is required; but an analytical study is required. Just imagine; why "Special Excise Audit" has been "awarded" to the members recently. Very few members have empanelled for it because of not knowing the "excise audit norms." My view is that; whenever any development is there, the Institute publish "exposure draft." Very few members read it and hence there is very few  comments thereon. What should be expected from the members ? And, accordingly what is expected from the "future members" - i. e. "presently CA students ?" CA profession is for those who are the most brilliant in the line of the CA profession. It is not a matter of just qualification.(It does not mean that other streams' students are not brilliant; but many time such students find difficult to pass CA).  AND THAT IS WHY IT IS A UNIQUE PROFESSION !

Dear sir,

I agree with you on some part of your views. However I must here mention that C.A. course is not only professional course which require brilliancy. There are so many other professional courses, without sharp brilliancy, dedication & aim, which can not be achieved academically as well as practically. I hereby humbly mention that, as far as passing of C.A. exams by other streams' students are concerned, it is to be remembered that C.A. can not appear in the High Court as well as Supreme Court in the matter of Law, which can be handled by C.A. in normal course but not in expert sense, because they are not so expert in the matter of Law than the Lawyers.

Dear Munot, 

I fully agree with your following post : 

"There are so many other professional courses, without sharp brilliancy, dedication & aim, which can not be achieved academically as well as practically"

But I don't agree with your following post -

"in normal course but not in expert sense, because they are not so expert in the matter of Law than the Lawyers."

We cannot claim such because CAs are not allowed to appear before High Court.  CAs can appear at Tribunal stage.  A case is finalised towards facts at Tribunal stage. Regarding law; if one thinks that CAs are not so good in law; is unreasonable. During their studies CA students are required to have expert knowledge of Company Law, Income-Tax Law, Excise and Custom, Labour Laws and so on.  Since they are not allowed for that hence we can presume like that. If they are also allowed; then I am sure that they will prove at that place also. Don't forget that upto Tribunal cases; more than 90% of cases are won by assesees with the help of CAs.

For your kind information I wish to share one point : -

Previously Income-Tax Practice was privilege of Advocates but now it is almost in the hands of CAs.  Why this happened ? Because CAs could beat them due to simultaneous application of  Accountancy and Income-Tax Law.  Still I claim that CAs are better in tax planning than Advocates. Generally advocates  cannot imagine beyond law. CAs can apply their vision distinctly. Generally; they have speedy disposal system of legal and typical work.   This can be verified from the examination pattern of CAs.  In addition to that; they have been successful to win the confidence of their clients.

Although;  I may agree with you specially  for criminal cases. Criminal lawyers have superb explanations of law and its practical exposure. But, most of the time; they are deemed to be more successful when they get decision in favour of guilty persons. 

Thanks.

Please see the following link which is appearing as popular discussion now : 

/experts/should-ca-be-allowed-to-represent-the-assessees-delaers--371670.asp

Very Good Analysis of Bad Figures at its best!

Originally posted by : Megha Topiwala
	@ Surendra Sir and Vivek Sir....   Thnx very much 4 ur kind help 4 plning my future and ofcrs of many other students like me .... I will go ahead with all my best efforts and will prepare myself for the worst situation .... with the ultimate goal of being CA ...... so thnx tonnes 2 both of u for a wonderful help and clarification.... I hope that whn next results of ICAI will come i will called as CA Megha.... instead of only Megha.... thnx again.... for your motivations and encouragement too......   With Regards.... Megha

Today I got the message from Megha Topiwala :

Sir... I clrd my CA......thnkx 4 ur best wishes n support..... 25/07/2011 14:08:03

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Congratulations to Megha Topiwala from caclub !!

hello sir, i am IPCC student .I have given my first attempt in may 2011, but i have failed in it .I just got exemption in auditing. Now i am going to second attempt in Nov 2011.Please guide me with good material to go through the comming exams.Sir this is my mail cdiamond777 @ gmail.com.Please give me reply 

All CAs know better than advocates how many alternatives in CAREER are available to a chartered accountant in comparison to an advocate.

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To acquire an LLB degree is not anyway tough especially in India in comparison to a CA qualification. 

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There are many CAs who had represented/are representing the parliament. CA Rameshwar Thakur, CA Ramesh Prabhu, CA S S Kothari, etc.. Further; If representation to the Parliament is a great job; then surely all our elected members are doing a great job. Right now they are opposing the supreme court's decision which has directed to remove accused members from the parliament. On what basis-by changing the law. And this law would be followed  by the lawyers  without any hesitation. Why? Because it is LAW of country. In future if someone lodges a case against a MP/MLA for corruption; a lawyer would be available to fight the case for him. It would not be illegal to do so.

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Many CAs are representing the Board of Directors of mega companies......not so in the case of lawyers.  A CA judges the project's viability  from all angles including law point also. Their work is wider than any other profession while consulting the business firms. They take active role in OPERATIONS of the BUSINESS; because they know the ROOTS OF THE BUSINESS. 

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The ministers have told that CAs are PARTNERS in NATION BUILDING. By citing few examples who are corrupt; doesn't mean that all CAs are corrupt.  The way cases are presented in criminal law by the lawyers; we know well that 50% lawyers  also "co-operate"  to save the culprits despite knowing well about their deeds. (Every case is represented by two lawyers and one is who representing the case of the culprit).

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CAs immediately change their approach the moment change in the society is seen. In Law profession; the results are changed when judgments are reversed by a superior court. We have well experienced the case of VODAFONE.

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In this case; An Assessing officer's assessment order was reversed by the ACIT. ACIT's order was reversed by the Tribunal. Tribunal's order was reversed by the high court and.....the high court's order was changed by the Supreme Court. .......This is not the end of the story.....the government changed the law thus has tried to nullify the WHOLE EXERCISE made by the COURTS OF LAW.

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It means different interpretations are made by the lawyers and accepted by the courts of law at different stages of a case applying the SAME LAW.

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Even if a  case is heard by the bench of  judges; they may differ in their opinions and the case is decided on the basis of majority. Can a case be decided on the basis of majority be acceptable? But; it is accepted because law is as such.

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Why judges don't agree 100% on the same issue hearing the same arguments at the same time? 

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This shows how lawmakers and lawyers have made the issues so typical. The utility of such exercise is to be examined. And....of course; this would be examined by a team of lawyers.....who again will never agree unanimously on that.

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Now the readers can judge the ACTUAL UTILITY  of their BRILLIANCY  applied by law makers, followers, analysts and judges for the SOCIETY as a whole especially when the government is not ready to accept their views, opinion and judgments.   Due to typicality in the application of law; there are crores of undecided cases increasing day by day.

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Here; a lawyer will argue (he can't be stopped to argue until judgment it given) that this is due to the LAW PROCEDURE (system) described in the law.

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The million dollar question is : Who have made SUCH SYSTEM ? 

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The answer is : The eminent LAWYERS !

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The ultimate power is with Government which is more corrupt than a common man. Hence there remains no need to decide about the quality of any profession.

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A Profession is the shadow of the  Whole System prevalent in the Country.

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