CAclubindia Articles

My Articleship Interview Expereince at Ernst & Young

CA girl 14 March 2013 at 16:49

Dear All, I just wanted to share my interview experience with you all. I really worked hard to get a call from the company as I did not have any references. I applied to the audit division. Initially there was an aptitude test with the follo

Reverse Charge Mechanism: Clarifications still needed

Pradeep Jain 14 March 2013 at 11:29

Introduction:- Around a year back, the budget of previous year proposed the service tax by way of negative list which was implemented w.e.f. 1.7.2012. This is the milestone date which transformed the service tax law by implementi

FAQs on Fast Track Exit Mode

Kumar A. Ranjan 14 March 2013 at 11:29

What is Fast Track Exit (FTE) Mode? Ministry has issued Guidelines for "Fast Track Exit (FTE) Mode" to give opportunity to the defunct companies to get their names struck off from the register under Section 560 of the Companies Act, 1956 i

Why Arbitration is not effective in India?

G S Rao 13 March 2013 at 13:06

Introduction: Courts in India are overburdened with a large number of cases and their disposal takes long time. Therefore a need was felt for a faster dispute resolving mechanism in commercial disputes. Thus Arbitration Act, 1940 was enacted wit

XBRL- Basics

CA Abhishek 13 March 2013 at 11:17

What is XBRL? XBRL is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It provides major benefits in the preparation, analysis and communication of business in

Independent Director's role for effective Board Room!

Kannan Iyappan 13 March 2013 at 11:17

Independent directors are known to bring an objective view in board deliberations. They also ensure that there is no dominance of one individual or special interest group or the stifling of healthy debate. They act as the guardians of the interest

Five Reasons to invest in Debt Funds

Ramalingam K 13 March 2013 at 11:17

Though debt funds have got their own advantages, they are mostly ignored by common investors. Debt funds have got a unique place in your portfolio. Here are five simple situations, in which debt funds can be used by prudent investors. 1) To m

Burden of proof to claim interest expenditure is on the assessee

Rupesh Srivastava 11 March 2013 at 12:09

S. 14A , burden of proof to claim interest expenditure is on the assessee. Subscribe TaxCorp e-Practice for the full report and to receive daily updates on Tax Laws. As informed in 11th Sep. 2012 and reported in (2012) 6 TaxCorp (DT) 52547 (SC), Inv

Your intelligence can be a handicap?

Durga Rao 11 March 2013 at 12:09

When a student pursues his academics well, is hard-working and is getting good grades, then, everyone appreciates him or her. Then, even the friends will give all the recognition, parents will feel very proud of and relatives also openly appreciat

Internal Control as Management tool!

Kannan Iyappan 09 March 2013 at 11:29

Senior management continually seeks ways to improve control over the organizations they lead. Internal controls are implemented to keep public or private enterprises, non-profit and other entities regardless of size on course toward