CAclubindia Articles

Future of Accountancy Report

Posted by Varun Nirmal 08 April 2016 8790 Views

What does the future look like? According to the Intuit� 2013 Future of Accountancy Report, the future of the accounting profession is undergoing a dramatic shift as current and potential clients expect real-time support; access to their financia

Changes in Service Tax by Finance Bill 2016

Posted by CA. K S Chauhan 08 April 2016 30337 Views

Prevailing Service Tax Rate: @14% Cenvat Available Swachchh Bharat Cess: @ 0.5% [w.e.f. 15/11/2015]Cenvat Not Available Krishi Kalyan Cess: @ 0.5% [w.e.f. 01/06/2016] New LevyCenvat Available1. CHANGES IN NEGATIVE LIST AS GIVEN U/S 66D OF CHAPTER-V O

Your career is your own choice

Posted by Satish Jalan 07 April 2016 14757 Views

Don't you think your career is your own choice? It is easy to blindly follow the mistakes of others. It is neither tough to take a call for yourself and act upon it. Sooner or later you are going to be responsible for your success or failure. Wh

Is CISA certification gaining more importance!

Posted by Hemang Doshi 07 April 2016 10285 Views

Many students who are concerned about their career generally have this question. If you have same question, I do have some questions for you too.Consider yourself as HR Manager looking to fill the vacancy of CFO position. You have two candidates , on

Simplification of taxation law vis-a-vis progressive tax legislation

Posted by CA CMA CS Ram Pavan Kumar Melam 07 April 2016 5421 Views

The development of a nation is measured by Gross National Product (GNP) or Per Capital Real Income (PCRI). The above two are the economic indicators used to measure the economic development of a nation. There are non-economic indicators which are of

Understanding of Compliance Query of Income Tax Department

Posted by Abhishek Ranjan Singh 06 April 2016 179466 Views

Income tax department has started sending notices (Compliance Query) to non-filers for the assessment year 2013-14 & onwards & are also using the said information to verify under-reporting of income. The income tax department has been capturing infor

Movies and Income Tax returns, what's the similarity?

Posted by CA Umesh Sharma 06 April 2016 10099 Views

Karneeti Part � 123 Movies and Income Tax returns, what�s the similarity?Arjun (Fictional character): Krishna, what are the changes made in the New Income Tax return forms (ITR forms) from 1st April 2016? Just like new sequels of films ha

Website - An Eye of Compliance in Letter and Spirit

Posted by Varun Kapoor 06 April 2016 5135 Views

In this modern era, people and companies are on the internet for exchanging of information and communication. Website becomes an essential source to carry out the business smoothly. I will talk abo

Changes proposed in Form 15CB & CA - wef 1st Apr 2016

Posted by Dongre Arun 05 April 2016 34041 Views

Wef 1st Apr 2016, the provisions applicable to Income-Tax Rule 37BB read with Sec 195 is amended i.e. issuance of Form 15CB & CA. Following are the key points covered therein.The furnishing of information for payment to a non-resident, not being

Clarification on some issues on excise on jewellery

Posted by CA Darshan 05 April 2016 15678 Views

The scheme of levy and collection of Central Excise duty on articles of Jewellery is as under:(a) The levy and collection of Central Excise Duty is on the manufacture of Jewellery (excluding silver Jewellery, not studded with diamonds, ruby, emerald