CAclubindia Articles

Tips for Passing CA examinations

CA PRACHI 12 March 2012 at 12:00

Hello friends, First of all I want to congratulate you on being a CA. By reading title and reading the first line you'll find contradictions the topic is about passing CA exam and I am already

Audit Plan/Tutorial: Audit of Purchase Department

Chiranjiv Singh 12 March 2012 at 12:00

AUDIT PLAN/TUTORIAL: Audit of Purchase Department of a Manufacturing Company A manufacturing company is that where a raw materials are converted into final product by applying certain manufacturing process. Thus, from the above definition, w

DLF IPL Sponsorship - Case Analysis

CA Ankit Gulgulia (Jain) 12 March 2012 at 11:12

DLF BCCI (IPL) Sponsorship Service Tax- Case Analysis Introduction As per Section 65(99a), sponsorship includes naming an event after the sponsor, displaying the sponsor's company logo or trading name, giving the

Risk Based Internal Audit

CA Prashant Gupta 12 March 2012 at 11:12

Parallel to the great upsurge another factor that hunting the board room of the corporate are Risk. There can be any type of the risk whether it is liquidity risk, fraud risk, reputation risk, competition risk and sundry other risks. T

Capital gains exemption u/s 54EC of Income tax Act, 1961

Amit Bajaj 12 March 2012 at 11:00

Section 54EC of Income Tax Act, 1961 provides an option to save tax on capital gain arising from the transfer of long-term capital asset subject to fulfillment of certain conditions. Provisions of section 54EC are being discussed herein below for the be

Positiveness - A way of life (Part II)

nitin suvarna 09 March 2012 at 16:33

Hello friends,this is part 2 of my article positiveness a way of life .Life always test us with some or the other thing ,its just about testing out yours

XBRL: The Future of Financial Reporting

CA. Nirmal Ghorawat 09 March 2012 at 16:33

(This article has been published by the Guwahati Branch in their Souvenir for the National Conference of ICAI held at Guwahati, Assam on 16-17 December 2011.) A. Introduction to XBRL XBRL is the buzz word today in our professional fraternity. Why n

New ULIPs: Are they Any Better?

Prof. Bajaj 09 March 2012 at 16:32

No Sir, the Old Expensive ULIPs have gone now. The New ULIPs have been launched with much lower charges. You should invest in them. These are the new in-statements of the insurance advisors these days who were going ga-

Understanding Section 14A Impact With Case Laws Part-II

Manish Kumar Agarwal 09 March 2012 at 16:31

The Income tax department (ITD) now a days become very harsh to the assessee in respect of disallowance made under section 14A read with rule 8D. The ITD applies rule 8D blindly on the assessee and making un-necessarily additions causing hardship

A Handbook on Private Equity Funding

Rajkumar Adukia 07 March 2012 at 15:51

INTRODUCTION The private equity boom is breathtaking. It's not just making investors rich - the wave of deals is changing the mindset of corporate managers everywhere.