CAclubindia Articles

Short Note on Rejection of Draft Offer Documents

Ajay Mishra 29 December 2012 at 13:03

INTRODUCTION The Securities and Exchange Board of India (SEBI) has vide General Order dated October 09, 2012 framework general criteria subject to which draft offer documents filed for issue of

Responsibility of Professional Signing Annual Return

CMA Arif Farooqui 29 December 2012 at 12:58

W.e.f from Financial Year 2011-12, Professional (CA, CMA, CS) signing MCA Annual Return have to certify whether Cost Accounting Record Rules -2011 (CARR) or Cost Audit Orders (CAO) are applicable on company or not and mention Product or Service

Cheque Truncation System: Digitisation in Banks

R. Sudarshan Bala 28 December 2012 at 12:00

CHEQUE TRUNCATION SYSTEM: A TOOL REQUIRED FOR DIGITISATION IN BANKS As we all know the environment around us is highly dynamic and volatile which necessitates continuous updation and improvement in order to survive competitively. The

Alimony and Tax Implications

Manish Negi 28 December 2012 at 11:59

Meaning of Alimony Alimony or maintenance is a U.S. term signifying a legal obligation to provide financial support to one's spouse from the other spouse after marital separation or

What is Salary | How to Calculate TDS on Salary

@VaibhavJ 27 December 2012 at 11:33

TDS on salary is computed on Salary under section 192. TDS on salary is computed on the estimated annual salary of the employee at the rates in force in the FY

Master Circular on Audit System issued by Government

gokul rathi 27 December 2012 at 11:32

We are aware that every year, on 1st July, the Reserve Bank of India comes out with Master Circulars on various subjects which consolidate all the instructions on the subject issued throughout the year. 102 such Master Circulars have been issued b

Clubbing of Income: An essential part of Tax Filing

Garvit Dave 27 December 2012 at 11:31

Now that we know the scenarios which lead to clubbing of income, we could efficiently work around this very premise to save taxes. There is a fine line of difference between tax saving and tax evasion, spilling over from one to another could mean

Beware! Mis-selling Season Ahead!

Prof. Bajaj 27 December 2012 at 11:31

After coming back from his vacation, Sidhesh Tulange, a 33 year old Software consultant, logged into his office computer to make the first statement, Oh No !! I forgot to submit this before going to vacation. The HR department has re

The Burning Desire- Part II - The world of IPCC

CA Mihir Kulkarni 27 December 2012 at 11:31

The world of IPCC Hello Friends, Its been nice to meet you again. I was thinking about the second difficult level of ICAI exams i.e. IPCC, and the various problems faced by CA students during the course. It is o

Do You Need Financial Planning?

Ramalingam K 26 December 2012 at 12:38

Let's answer this important question: Most of us think that financial planning is only for the very rich or poor. There are others who think that people need to plan only when they grow old as they need to save for their retirement and old ag