CAclubindia Articles

Business doesn't pay taxes,it collects it

CA. Rajeev K. Sharma 24 January 2015 at 17:38

You cant tax business. Business doesnt pay taxes. It collects taxes. -A Discussion on recent VAT Provisions regarding Input Tax Credit What Ronald Reagan said on that evening in his office at Wilshire Boulevard Road, Cali

Tax Planning Under Section 80C

kunal 24 January 2015 at 17:35

Tax planning under section 80C (Chapter VIA) Investment avenuesIntroductionIn order to tax individuals on basis of their earnings (higher tax bracket for high income group and lower tax bracket for lower income group) income tax department le

Transparency in Government is the ultimate key to reform

Nisha Sharma 24 January 2015 at 17:35

“A truly democratic country should be of complete transparency.” Government transparency means placing all financial and public information online in an easy-to-use, readily understandable system. Such a system allows taxpayers to see cle

Implications of New Cost Audit Rules on CMA's

Kapil Kaushik 23 January 2015 at 10:25

In exercise of the powers conferred by sub-sections (1) and (2) of section 469 and section 148 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules to amend the Companies (Cost Records and Audit) Rules, 201

The challenges in auditing SAP

Hari Iyer CA, MBA, CISA, FCPA 23 January 2015 at 10:25

Many businesses use SAP application to help them plan their resources and activities. Its flexibility and range makes it a challenge to audit. Hari Iyer offers some advice: SAP is highly configurable and implementations often vary, even within variou

Comparison of IND AS 1 and existing AS 1

Aadarsh Gupta 23 January 2015 at 10:25

Accounting Standard 1 i.e. Disclosure of Accounting Policies deals with disclosure of significant accounting policies followed in preparing and presenting financial statements whereas IND AS 1 i.e. Presentation of Financial State

ERP Programme Assurance

Hari Iyer CA, MBA, CISA, FCPA 22 January 2015 at 10:45

ERP programme assurance key to saving moneyBy Hari IyerThe mantra for every senior management is to ensure that every penny counts in the management of their company. Instead of looking for various cost saving measures, one could increase the return

GST: Things you Need To Know

Damandeep Singh 22 January 2015 at 10:45

One of the major Indirect Tax reforms that India is going to face is in form of Goods & Services Tax (GST), which will replace the current Multiple Indirect Tax regime. GST is being debated over in India for about more than a decade and it has go

HRA: An effective tax planning tool

kunal 22 January 2015 at 10:45

IntroductionAccording to Section 14 of Income Tax Act, 1961, the income of a person is classified under various defined heads of income. Thus, for the purpose of computation of total income, the income is first categorized under the heads of income a

Vlookup's Advance Function (Advance Excel)

CA Kumar Mukesh 21 January 2015 at 10:42

Lookups in Microsoft Excel, most of us always preferred to go with VLOOKUP as it is regarded as a basic lookup function in Microsoft Excel and also essential for those who willing to work or already worked on