CAclubindia Articles

How do we monitor power costs?

Posted by Tulasi S Sastri 25 April 2015 11137 Views

In medium or large organizations, “Power” is an important item of cost, be it in Manufacturing or Services Industry. Over the years, I had the opportunity to achieve savings in this area, and wish to share 5 of such instances, for the ben

100% deduction of additional deprecation

Posted by CA Pankaj Kr Agrawal 24 April 2015 20037 Views

100% Deduction Of Additional Deprecation Irrespective to Date Of Installation With a view to give a boost to the manufacturing sector, an additional depreciation shall be allowed to an industrial undertaking, subject to the provision given below. Su

Be your own master

Posted by Dinesh 24 April 2015 19814 Views

If a person has the opportunity to lead an extraordinary life, he has no right to keep it to himself. It has been noticed that the average person talks to himself or herself about 50 times in a day and that self-talk about him or her is 90% on

3 hours of examination- Battle of the calmest

Posted by vignesh 23 April 2015 63785 Views

Greeting Students, This article is to help students who are preparing for their professional exams. The article would mainly Focus on how to utilize 3 hours of examination. Also I would point out few things that should be done a day or two before the

Game changer tips for audit paper

Posted by CA Ravi Taori 23 April 2015 22823 Views

GAME CHANGER TIPS FOR AUDIT PAPER(Improve marks by 20-30%) How you approach audit paper is very important, follow these to excel in exams. 1. First thing is to select questions & do ranking (determining solving sequence), it may be 3rd and then 6

Excise Audits

Posted by CMA Poornima Madhava 23 April 2015 25441 Views

Goods are removed by the assessee under self-removal system (except in case of cigarettes). Further, Excise department do not verify the returns filed by the assessee and hence there is a need for audit of assessee to ensure that there are no revenue

What is Internal Audit?

Posted by CA Tanmay srivastava 22 April 2015 28795 Views

Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organizations operations. It helps an organization accomplish its objectives by bringing systematic , disciplined approach

Practical issues in penalty u/s. 271D & 271E

Posted by NAVIN AGICHA 22 April 2015 8691 Views

Provisions Of 269SS, 269T, 271D AND 271E As Per Finance Bill 2014 And Finance Bill 2015 And Some Issues Regarding Penalty U/S 271D, 271E And Relating To Amendments. Consequences of contravention of section 269SS: Section 271D of Income Tax Act 1961 p

Transit Sale - Dealer Registration is not mandatory

Posted by Manoj Agarwal 22 April 2015 10990 Views

The Central Government has issued Notification No. 08/2015-CE(NT) dated 01-03- 2015, which is effective from the date of issue, has inter alia, inserted the following 3rd proviso in Rule 11(2) of Central Excise Rules, 2002 (CER, 2002)

Indispensables in making GST a reality

Posted by CA Nikhil Jhanwar 22 April 2015 10858 Views

GST has been talk of the town since a decade now. However, there have been some concerted efforts from last couple of months to make it a conscious reality. Various deliberations have been made to work out the modalities of GST structure, its suppose