CAclubindia Articles

Raising income taxes for Superich

Pravin Luharuka 25 January 2013 at 18:12

The budget session has arrived. Suggestions are coming to the Finance Minister from all directions. Latest suggestion doing the rounds is that the Finance Minister may include a new Income Tax Slab in the Current Budget, the Tax slab for the super r

Acquaintances with Rankholders

Arijit Ghose 25 January 2013 at 18:12

AIR # 3 A friend of mine sent me a link of the top 3 rank holders in the recently declared results of CA Final November 2012 examinations. The media had yet not unearthed the story of Prema Jayakumar being a daughter of a auto rickshaw driver in M

A Quick glance on Exemption from Capital Gain

CA Prashant Gupta 25 January 2013 at 18:12

People gets money when sell property, BUT, they also get tension when they come to know that this money brings a big Capital Gain tax on them. Income tax gives some exemptions from this capital gain. I

Financial Ratios - An Important Analysis Tool

CA AJIT YADKIKAR 25 January 2013 at 18:12

FINANCIAL RATIOS AN IMPORTANT ANALYSIS TOOL Financial analysis of any organization is collection, study, evaluation, interpretation, and presentation of financial data to assist various types of decision making. This analysis is useful t

NFRA to encroach ICAI's territory

Rajavardhan.A 25 January 2013 at 18:10

NFRA to encroach ICAI's territoryOur beloved Institute of Chartered Accountants of India(ICAI) is the world's 2nd biggest accounting body and the one with constitutional powers of framing & governing accounting practices in India. Ministry of Corpora

Major Highlights of Companies Bill, 2012

CS DHANAPAL 25 January 2013 at 18:10

Companies Bill, 2012, after a very long journey and with many stumble blocks, has finally seen the light of day in Lok Sabha. After much speculation and eagerness on the subject, Lok Sabha finally approved the Bill on the night of 18th December, 2

Section 80CCG - Rajiv Gandhi Equity Savings Scheme

Deepak Agrawal 25 January 2013 at 18:09

Finance Act, 2012 has inserted section 80CCG in the Income Tax Act, 1961 (the Act) with effect from Assessment Year 2013-14 (Current Financial Year 2012-13) to encourage new investors in the equity market. The details of the

The journey of being a CA

Sunil 24 January 2013 at 10:51

Used to wake up @10 but suddenly eyes open at 6.30 ,have a feeling of achieving something. Actually the journey begins with inspiration from my best well wisher and friendSaumil Raval and we planed to join the CA Foundation after com

GD, PI, extempore - Are you ready after CA?

Bhupesh 24 January 2013 at 10:51

CA Final Result - Pass. WOW! CA Campus placement - Rejected. Oh My God! I am sure those of you have passed the CA final exam in this attempt, will not want the above to be true even in their dreams. CA is a journey, years of hard work, months of st

XBRL Correct Tagging vs Incorrect Tagging with Examples

Saurabh Maheshwari 24 January 2013 at 10:45

Hi! Friends greetings of the day to all of you. You are aware that XBRL filing of financial statements by a select class of companies for FY 2010-11 was mandated vide Ministry of Corporate Affairs. The e-forms were duly certified by CA/CS/CMA profe