CAclubindia Articles

Prepare for CA Final May 2015

CA ANKUSH AGGARWAL 27 January 2015 at 11:16

Greetings to all CAclubians and guest readers!!! Friends!! I recently qualified my Chartered accountancy. I feel like I should share some tips with all my friends who are appearing for May 2015 exams. I am not telling you here about any study plans o

Revision in stipend rates payable to CA articles

CA Siddhartha Bhardwaj 27 January 2015 at 11:16

Regulation 48 of the Chartered Accountants Regulations, 1988 provides for payment of minimum monthly stipend to articled assistant.The said regulation has been amended by ICAI vide Notification No. 1-CA(7)/167/2014 dated 23rd January, 2015.The minimu

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