CAclubindia Articles

Life after CA

CA Priyank Singhi 05 January 2013 at 10:25

The day I became a Chartered Accountant, was undoubtedly the best day of my life. More than me though, I guess my parents and family members were thrilled. The most important dream at that stage of my career had been fulfilled. DREAMS DO COME TRUE

Hedging Foreign Currency Firm Commitments

Sanjay Chauhan (IFRS) 03 January 2013 at 12:41

Introduction Institute of Chartered Accountants of India (ICAI) had come out with an announcement in February 2011, on Application of AS 30, Financial instruments: Recognition and Measurement. It was clarified that the prepares of Financial S

Recovery of Confirmed Demands in pendency of Stay appeal

Bimal Jain 03 January 2013 at 12:41

Recovery of Confirmed Demands‏ during pendency of Stay applications CBEC has issued its first Central Excise Circular No. 967/01/2013 - CX, dated January 01, 2013 on eve of New Year 2013, for recovery of confirmed demands during pendency of Sta

5 Things CFOs Should Do In Planning Process

Sonia Jaspal 03 January 2013 at 12:41

In December, senior management focuses on formulating strategies. Department heads prepare business plans and budgets. Risk management departments define the next years agenda and plans. Everyone works hard at planning and preparing for the

Capital gain - Exemption u/s 54 & CG Scheme account

CA Neil Ganatra 02 January 2013 at 12:23

Capital Gain Exemption & Capital Gain Account Scheme Sec. 54 (2) of the Income Tax Act provides as under: The amount of the capital gain which is not appropriated by the assessee towards the purchase of the new asset made within one year

Commerce = CA & Don't Lose Heart

CA Priyank Singhi 02 January 2013 at 12:23

A commerce student has very few options when he/she is about to leave school and enter the so called The Real World. Unlike a science student who can take up n number of engineering courses and get a job even before he

Foreign Direct Investment in India (FDI)

Rajat Poddar 02 January 2013 at 12:22

Foreign Direct Investment (FDI) is permitted as under the following forms of investments Through financial collaborations. Through joint ventures and technical collaborations. Through capital markets vi

Importance of financial planning in life

DHARMENDRA SHARMA 31 December 2012 at 12:33

Everyone faces ups and downs in his/her life. Everyone needs money to come out of their rainy days, for which, a good financial planning is needed which can give their family a self-sufficient life. These d

Concept of Project Costing

CMA Ramesh Krishnan 31 December 2012 at 12:33

Concept of Project Costing Introduction: Costing of an each product or activity will differ from product to product and activity to activity. But the concept of the costing is same for all type of costing whether Product costing or Service costing.

Wealth Tax: Taxes on your wealth!

Garvit Dave 29 December 2012 at 13:06

Wealth tax is a direct annual tax, payable every year like your direct taxes. It is another type of direct tax by which tax is imposed on individuals coming within its purview. Pensioners, retired persons or senior citizens have not been accorded