CAclubindia Articles


Panic due to PAN! If used as an identity proof

Posted by CA Umesh Sharma 13 April 2015 38009 Views

Karneeti Part 84PANIC due to PAN! If used as an Identity ProofArjuna (Fictional Character): Krishna, Nowadays PAN card is generally used for many things. Finance Minister Mr. Arun Jaitly is insisting the usage of PAN in many financial transactions,



Investments in mutual funds

Posted by Nimish.A.Chodankar 13 April 2015 23633 Views

Mr.Nimish.A.ChodankarCA FINAL STUDENTReg. No.:WRO0455539Email id: nimish@caaa.inMobile No: +91 9004733505 If you do the little jobs well, the big ones will tend to take care of themselvesWhat is Mutual Fund?A



From which college are you doing CA?

Posted by Rohit Pandey 13 April 2015 52879 Views

Before I begin this article, I would like to draw your attention towards a perception, that most of the people carry, which made me write this article. It is a perception of masses at large who think CA is difficult. Thats what provoked me to



History of Income Tax of India

Posted by Karan Khatri 13 April 2015 128609 Views

It was only for the good of his subjects that he collected taxes from them, just as the Sun draws moisture from the Earth to give it back a thousand fold Kalidas in Raghuvansh eulogizing KING DALIP.Taxation of India in Anc



Bright days always follow gloomy days

Posted by Nimish Goel 13 April 2015 15531 Views

I was in Mussorie last week with my family for vacations and we had stayed in a beautiful resort The Amber, Vermont Estate. It was located some 5 kms away from the main mall road of Mussorie in a picturesque place near the Company garden. T



Component Accounting - Tangible Fixed Assets

Posted by CA Surendra Bhatt (ACA,DISA) 13 April 2015 59579 Views

The useful life specified in Part C of the Schedule II of the Companies Act,2013 is for the whole of the asset. As per Part A, useful life of an asset shall not ordinarily be different from the usefu



Poem: Rime and reason

Posted by CA Sagar Khubchandani 13 April 2015 14829 Views

POEM is an abbreviation for "Place Of Effective Management" that plays a decisive role in determining the tax residency of a company.The Finance Bill 2015 has decided to move the goalpost and proposed an alteration in the definition of resi



The Companies(Auditor's Report) Order is illegal

Posted by ANMOL JHA 13 April 2015 16120 Views

The Companies (Auditors Report)Order,2015, is unlawful thus not enforceable.The Ministry of Corporate Affairs on 10th April, 2015, has issued on its website the Companies (Auditors Report) Order,2015(the Order) though the Order is not



CARO 2015

Posted by Aditya Maheshwari 13 April 2015 26929 Views

The MCA has issued Companies (Auditors Report) Order, 2015 vide order dated 10th April, 2015. It shall come into force on the date of its publication in the Official Gazette. The matters which on which reporing are required under CARO 2015 Aud



How can we strengthen Procurement Function to achieve savings for your Organization?

Posted by Tulasi S Sastri 11 April 2015 12084 Views

Internal Audit report on the Procurement Function of Sure Shot Engineering Co. highlighted certain inconsistencies like inducting vendors with no apparent reason to d




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