CAclubindia Articles

Control Self-Assessment

Hari Iyer CA, MBA, CISA, FCPA 03 February 2015 at 10:43

BackgroundControl Self-Assessment (CSA) is a technique that was originally developed by Gulf Canada in 1987. In March 2000, the European Commission approved a white paper on CSA. In the United States when the Sarbanes-Oxley Act was implemented in 200

Bad Debts allowable under IT Act- An anaysis

Saurabh Maheshwari 03 February 2015 at 10:42

Hello friends!!! greetings of the day. Writing an article after a long time.In this article an attempt has been made to highlight the pros & cones with respect to allowance of bad debts under the I.T Act.Bad debts[Sec 36(1)(vii)-Allowed as deduc

IND AS 7 vs AS 3

Aadarsh Gupta 03 February 2015 at 10:42

Ind AS 7 and existing AS 3The objective of IND AS 7 is to require the provision of information about the historical changes in cash and cash equivalents of an entity by means of a statement of cash flows which classifies cash flows during the

A brief about GST

CA L Gopal Shah 03 February 2015 at 10:42

What is GST GST is a destination based tax levied on supply of goods and services Proposed Dual GST in India is to be levied concurrently by states and cent

A small note on ER4,ER5, ER6, ER7

Santhosh kumar 03 February 2015 at 10:42

A note on the ER4, ER-5, ER-6, and ER-7 returnsIntroductionER-4, ER-5, ER-6 and ER-7 returns are to be filed by the assessee in addition to the ER-1/ER-3 which is regularly filed by the assessee registered under the Central Excise. However ER-4, ER-5

Aaj ka Robin hood- CSR is it inclusive or exclusive?

Sundharesan Jayamoorthi 03 February 2015 at 10:41

A recent headline in a financial daily “Zuck slams Cook: If you cared, your products would be cheaper”. This statement may sound mean, but can mean that no entrepreneur should play the role of a modern day Robin hood. The entrepreneur sho

Investor overconfidence pitfalls- Leads to sleepless nights

Indraneel Sen Gupta 03 February 2015 at 10:41

The Indian equity markets are currently in the all time high zone and are aggressively discounting every bad news across any part of the economy. Investors are also very confident regarding the investments in these market conditions. I am not going t

Frequently Asked questions on CSR

APARNA.R 03 February 2015 at 10:41

FAQ on Corporate Social responsibility as per Companies Act, 2013:1. Whether salaries paid to regular CSR staff and volunteers can be factored into CSR project cost.Ans: Yes, the above will become a part of CSR expenditure.2. Under what conditions th

Amendments in Point of Taxation Rules

VIGNESH SC BOSE 02 February 2015 at 10:19

IntroductionThe Point of taxation rules were introduced in 2011 and since then, the govt. has made numerous amendments to it. Recent Changes In case of individuals and firms, where the taxable services provided in

CA, CS & CMA: Why do so many students fail?

Kapil Kaushik 02 February 2015 at 10:19

During one of my sessions with a group of students, I was confronted with a very aggressive student. He continued his assault on ICAI, ICSI and ICMAI for the fact that they have the tendency to fail a number of students without any reason. He refused