CAclubindia Articles

What the New KYC Norms Mean for Your Mutual Fund Investment

Posted by CA Pallav Singhania 02 January 2016 10788 Views

Hello Everyone,After a long time I'm back to CCI.All mutual fund investors, whether new or existing, will have to provide additional Know Your Customer (KYC) details to their fund houses.Here is a 10-point cheat-sheet:1) In September this year, t

Set your goals and make them happen

Posted by Shivanand Pandit 02 January 2016 16119 Views

Having goals for things we want to do and working towards them is an important part of being human. If we want to succeed, we should set goals effectively. Goal setting endows us a yardstick for deciding whether we are really prospering. It helps us

Taxation of Association of Persons

Posted by Tony John 31 December 2015 178930 Views

The income tax Act prescribes a specific mode for calculation of income and taxability in the case of Association of Persons.Let's first discuss what is an Association of Persons.An association of persons means an association in which two or m

Audit Methodology - School (Trust)

Posted by Pranjul Mittal 31 December 2015 19580 Views

Income and Expenditure Account: Income

How to choose the right mutual fund option?

Posted by Ramalingam K 31 December 2015 10413 Views

Everyone has some or the other kind of financial goals, no matter how big or small these might be, which they want to accomplish. Mutual Funds, here may seem an easily achievable investment option to go for;however one may still be perturbed about ch

GST- Proposed Input tax credit methodology

Posted by CMA Ramesh Krishnan 31 December 2015 22057 Views

GST- Proposed Input tax credit methodology Goods & Service tax (GST), the mile stone tax reform since independence of India is on its way to implementation journey and proposed GST bill is under discussion everywhere. This is very crucial stage t

Some relief to auditors, from hanging penalty sword of Rs 25,00,000

Posted by CA Ravi Taori 30 December 2015 31709 Views

26th March 14- Sec 143(12) of Company Act 2013 was notified, which created obligation on auditors to report certain frauds to Central Government (Secretary MCA)As it is a law, materiality limit is not applicable unless specified. So auditor has to re

Chartered Accountants Examinations- An Overview

Posted by Guest 30 December 2015 37508 Views

1. CA EXAMINATIONS � AN OVERVIEW1.1 Chartered Accountants examinations are held as per the provisions of the Chartered Accountants Regulations, 1988, framed under Chartered Accountants Act, 1949.1.2 Affairs relating to Chartered Accountancy exa

Section 44AD of Income Tax Act - a Boon or Harm to the Country

Posted by Sundararajan S 30 December 2015 22202 Views

The history of accounting is thousands of years old and can be traced to ancient civilizations. The early deve

How NRIs can make use of Recurring Deposits?

Posted by Ramalingam K 30 December 2015 7134 Views

For NRIs looking forward to make huge savings with small monthly investments, the Recurring Deposits seems to be an excellent option. A recurring deposit account is one that enables the depositor to save by paying an agreed fixed monthly sum for a re