CAclubindia Articles

Importance of financial planning in life

Posted by DHARMENDRA SHARMA 31 December 2012 16169 Views

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

Posted by CMA Ramesh Krishnan 31 December 2012 38055 Views

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!

Posted by Garvit Dave 29 December 2012 32636 Views

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

Short Note on Rejection of Draft Offer Documents

Posted by Ajay Mishra 29 December 2012 11024 Views

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

Posted by CMA Arif Farooqui 29 December 2012 11042 Views

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

Posted by R. Sudarshan Bala 28 December 2012 31412 Views

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

Posted by Manish Negi 28 December 2012 14809 Views

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

Master Circular on Audit System issued by Government

Posted by gokul rathi 27 December 2012 54493 Views

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

Beware! Mis-selling Season Ahead!

Posted by Prof. Bajaj 27 December 2012 10640 Views

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

Posted by CA Mihir Kulkarni 27 December 2012 26119 Views

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