CAclubindia Articles

Income computation & disclosure standards

Posted by Unnat Agarwal 18 May 2015 11812 Views

Introduction At present India is going through one of the major tax reforms. In last two budgets our Finance Minister had introduce lots of things to make our economy globalize. �Income Computation and Disclosure Standards is one of the parts o

New procedure for registration under MVAT

Posted by Yash Goyal 18 May 2015 26955 Views

Dear All, The Department of Maharashtra has taken initiatives for simplifying the procedure of registration under MVAT, CST, PTEC and PTRC. Key points of the new procedure are as follows. A single online application is required to be made for registr

Campus placement and salary for CAs

Posted by Himesh Katuria 15 May 2015 63089 Views

Report on Campus Placement Programme � February-March, 2015* The Committee for Members in Industry (CMII) of ICAI organizes Campus Placement Programmes for Newly Qualified Chartered Accountants twice in a year and is committed to provide world

MAT: Retrospective tax is back?

Posted by Karan Sahi 15 May 2015 14569 Views

IntroductionThere exists proverb in English �Once bitten, twice shy�. This proverb doesn�t hold well in case of Indian tax system. After facing the Backlash from the international investors in case of Vodafone retrospective case whi

Clarification on applicability of secretarial standards

Posted by VIGNESH SC BOSE 15 May 2015 15511 Views

Secretarial Standards on General / Board meeting � Clarification - Considering the date of effectiveness of Secretarial Standards from 1st July, 2015, the Institute clarifies that these Secretarial Standards shall apply to Board Meetings and Ge

Taxation of gifts by an Individual/HUF

Posted by CMA Poornima Madhava 15 May 2015 28238 Views

As per section 56(2)(vii) of Income Tax Act, gifts received by an individual or a hindu undivided family in the form of money or property (without consideration or with inadequate consideration) is taxable as income under the head Income from Other S

10 must read recent case laws for all professionals (relevant for CA/CS)

Posted by Rohit Jain 15 May 2015 46805 Views

Case laws! These two words are enough to cause a flood of different reactions from anguish to interest in our mind. Case laws are basically the laws or guidelines which are an outcome of judicial pronouncements. A judgment is a treasure trove of know

Benefit to exporters under foreign trade policy 2015-2020

Posted by CA. SRIKANTHA RAO T 15 May 2015 23225 Views

By CA Srikantha Rao TThe Foreign Trade Policy 2015-2020 effective from 1st of April 2015 provides quite a few incentives to exporters of goods and services in India considering the �Make In India� initiative of the Central Government. Two

Brief analysis on joint accounts & nominations for succession

Posted by Amitav Ganguly 15 May 2015 19316 Views

BRIEF ANALYSIS ON JOINT ACCOUNTS & NOMINATIONS FOR SUCCESSION JOINT ACCOUNTS Succession of properties on death is a common concern for many. Popular and common advice to a person is "open a joint account or hold properties jointly" to

Going concern & importance of continuity management

Posted by CA Amrita Chattopadhyay 15 May 2015 15225 Views

Introduction The financial statements of an organization are prepared based on certain fundamental accounting assumptions. These assumptions may not be specifically stated, but their use and acce