CAclubindia Articles

Section 80C simplified. (A summary view)

CA. AJAY PANCHARIA 13 July 2015 at 10:45

DEDUCTION UNDER SECTION 80 C F.Y. 2014-15(A.Y. 2015-16)(AN INVESTMENT LINKED DEDUCTION) 1. LIMIT:With effect from 01-04-2015 the maximum allowable limit is extended to Rs.150000 from the previous Rs.100000.2. MAJOR INVESTMENT AREAS: Followi

Securities Appellate Tribunal (SAT) - An Insight

Amit Bavishi 13 July 2015 at 10:45

This article deals with an insight in Securities Appellate Tribunal (SAT), a body formed by SEBI Act, 1992.Section 15K of SEBI Act, 1992 empowers the Central Government to set up one or more Tribunals, for the purpose making appeals against the order

Accounting of compensatory absences

Tikaram Chaudhary 13 July 2015 at 10:45

Accounting of Compensatory Absences (Leave Encashment Obligations) 1.This note is an attempt in the matter of accounting provisions to be made in financialreporting of enterprises for Compensatory Absences (Leave Encashment Obligations) in compliance

A 21st Century Greek Tragedy

Gaurhari Pal 11 July 2015 at 11:16

What Is The Story?A 21st Century Greek TragedyWhat is a �tragedy�?The word �tragedy� incidentally originates from the ancient Greek word �tragōidia�.Tragedy is a part of life if not life as such: Klein, in his book

Filing ITR of AY 2015-16

CMA. CS. Sanjay Gupta 11 July 2015 at 11:16

Obligation to file Income Tax Return Every individual whose total income before allowing deductions under Chapter VI-A of the Income-tax Act 1961, exceeds the maximum amount which is not chargeable to income tax is obligated to furnish his return of

Accounting as per AS 11 - A Special Case

Yash Goyal 11 July 2015 at 11:16

Facts of the CaseA foreign currency loan has been obtained by the company for financing Plant & Machinery, a depreciable fixed asset. The principal portion of the said loan is fully secured by entering into twelve forward contracts for the instal

5 observations on CA career

Ankit Sharma 10 July 2015 at 10:57

5 Observations about CA After 1 year of being a member1. CA is not the gateway to success:The one of the major reason why everybody opts for chartered accountancy is the ever prevailing notion that CA is a gateway to success. We have started hearing

Suggestion for making CA a global degree

Mayank 10 July 2015 at 10:51

Regarding,1. CA Curriculum- CAs are known for Accounting, Audit, Taxation. But, These Subjects vary country to country. Unlike Finance, Finance is one subject which will bridge CA's for Global Employ-ability. MBA's from top 20 colleges and CF

Section 35-F of central excise act, 1944

Prabhat Kumar 10 July 2015 at 10:50

Law has always been a dynamic subject and so is the interpretation of law. Section 35F of the Central Excise Acts provides deposit of “certain percentage of duty demanded or penalty imposed before filing of the appeal”. Earlier in this se

ICAI must oppose GST in present form

CA Anil Garg 10 July 2015 at 10:50

Goods and Services Tax (GST) being implemented, is held out to be the biggest tax reform in India since independence. As an entrepreneur, I find it a complete farce and colossal waste of opportunity while still incurring huge cost of implementation t