CAclubindia Articles


An Accountant; a value creator or a value counter or co-ordinator in a Business

  CA.Raj Kumar Gupta    11 October 2014 at 10:49

An accountant; a value creator or a value counter or a value co-ordinator in a Business.Business has been almost fully corporatized in this twenty first century. Now days, we can find that even small business entity prefer to work in corporate firm r



Interest allowable on refund of pre-deposits

  Bimal Jain    11 October 2014 at 10:48

Dear Professional Colleague,Interest allowable on refund of pre-depositsWe are sharing with you an important judgment of Honble Delhi High Court in the case of Afcons Infrastructure Ltd. Vs. Union of India [(2014) 49 taxmann.com 79 (Delhi)] on



Process of approval of Directors report & FS

  CA Nitesh Kumar More    10 October 2014 at 11:15

Process of approval of Directors report & FS: MGT 14 can be filled by 20th Oct, if Board meeting held on 21st Sep & shorter notice for AGM 1) Auditor had been appointed in last AGM & audit, say , whole year(generally,in case of Big CO). I



House Rent Allowance (HRA) Vs. Rent Free Accommodations (RFA)

  Sensys Technologies    09 October 2014 at 12:20

House Rent Allowance (H.R.A.) results in tax savings because accounting under Income tax act is direct exemption based. However, accounting of Rent Free accommodation is valuation based taxation and added to total income of employee presumptive basis



Ethical corporate governance

  dr vedula gopinath    09 October 2014 at 12:20

The quality of corporate governance is also determined by the manner in which top management, particularly the Board of Directors, allocates the financial resources of the company as between themselves and other interest groups such as employees, cus



How to prepare financial reporting by rankholder

  manoj    08 October 2014 at 10:55

Hello FriendsI am CA Manoj Kumar Bothra (all India Ranker in May 2014 Exam). I am here to discuss how to prepare financial reporting (CA Final). I think that you have gone through my article How to crack CA Final in first attempt, if no



COBIT: An IT Framework

  *RENU SINGH *    08 October 2014 at 10:54

Introduction :- CONTROL OBJECTIVE FOR INFORMATION AND RELATED TECHNOLOGY (COBIT) Cobit is a comprehensive IT framework from ISACA which was launched in 1996. It provides guidelines for auditing of information system for auditors. COBIT has revised t



Action plan of CBEC to evolve non-adversarial indirect tax administration

  Bimal Jain    08 October 2014 at 10:54

The CBEC has issued an instructions vide letter F. No. 296/185/2014-CX.9 dated September 30, 2014 to all CCs and DGs on its action plan to evolve Non-adversrial indirect tax administration for the benefit of trade, industry and other stakeholders, wh



10 Common Sense yet confusing questions regarding CV / Resume

  Rohit Jain    08 October 2014 at 10:54

A cv or resume is the most important document that will help you to get the best job offers. While many are strong and sound on academic and presentation front, still they feel confused when it comes to CV and resume. Questions of myriad type arise i



Equity linked saving scheme (ELSS) - The best tax saving tool

  CA. Ankit Chandrakar    07 October 2014 at 10:38

WHAT IS AN EQUITY LINKED SAVING SCHEME (ELSS)? ELSS is a popular mutual fund scheme that allows you to take exposure in the equity market, while simultaneously serving as a tax-saving product. It is a type of mutual fund which invests majority of its




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