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CAclubindia Articles


Risk Based Internal Audit

Posted by CA Prashant Gupta 12 March 2012 17755 Views

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

Posted by Amit Bajaj 12 March 2012 240687 Views

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)

Posted by nitin suvarna 09 March 2012 13871 Views

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

Posted by CA. Nirmal Ghorawat 09 March 2012 19781 Views

(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?

Posted by Prof. Bajaj 09 March 2012 8475 Views

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

Posted by Manish Kumar Agarwal 09 March 2012 21903 Views

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

Posted by Rajkumar Adukia 07 March 2012 14931 Views

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.



Were Section 76 and 78 Always Mutually Exclusive?

Posted by CA Ankit Gulgulia (Jain) 07 March 2012 34927 Views

Where a person is liable to pay service tax u/s 68 and fails to credit the tax or any thereof to the account of the Central Government within the prescribed time limit then he shall be liable to pay taxes along with applicable interest under section



Art of Internal Auditing!

Posted by Selvakumar Selvaraj 07 March 2012 18742 Views

Now, the world is in twenty first century, everywhere changes could be visualised but with respect to accounting, auditing etc, where is the change? Modern organisations have become more sophisticated and thus resulted



Other Courses with Chartered Accountancy

Posted by CA Pallav Singhania 07 March 2012 65530 Views

Hello Everyone very Good Morning to all my friends and respected Seniors.There always a question in our mind what to do while doing CA.In the case of an articled clerk who is already a graduate, one additional course of study out of t




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