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CAclubindia Articles


"Tell me about yourself" interview question - Simple ways to follow

Posted by Nimish Goel 13 October 2014 122230 Views

OK. So tell me about yourself This seemingly simple question generally makes everyone sweat like a pig and can create a nerve-wracking situation for any candidate who is not prepared. Well, there is no need to panic since it is not at a



Be Careful - while making transactions in cash!!

Posted by CA Umesh Sharma 13 October 2014 28076 Views

Karniti Part 58 Be Carefulwhile making transactions in cash!! Arjuna (Fictional Character): Krishna, Today is 13th October last day for the promotion of Elections. In the chaos of election, crores of rupees were ceased. During this period Ele



Update on Indirect Tax - Service Tax and Excise for the month of Oct 2014

Posted by TARUN KUMAR GUPTA 11 October 2014 33034 Views

A. Service Tax 1. Service Tax payment for the month of September, 2014 is due for payment on 6th October, 2014 for assesses including Individual, Proprietary Firm, Partnership Firm or LLP. It is now mandatory for all assesses w.e.f. October 1, 2014,



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

Posted by CA.Raj Kumar Gupta 11 October 2014 21372 Views

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

Posted by Bimal Jain 11 October 2014 13050 Views

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

Posted by CA Nitesh Kumar More 10 October 2014 19801 Views

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)

Posted by Sensys Technologies 09 October 2014 58246 Views

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

Posted by dr vedula gopinath 09 October 2014 13008 Views

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

Posted by manoj 08 October 2014 32756 Views

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

Posted by *RENU SINGH * 08 October 2014 18169 Views

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




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