CAclubindia Articles

Scrap Service Tax Act

Posted by Md. Riazuddin 18 August 2008 6503 Views

The entire Service Tax Act sounds really senseless.The Country wants revenue, so collect at one point itself. Do not go on begging at every nook and corner and thereby troubling and causing undue harassment to the consumer / common man.There is no ne

HUF Tax Plannig

Posted by Sarvesh Mani Tiwari,CFA(ICFAI) 05 August 2008 14780 Views

Typically, taxpayers tend to focus on ways of reducing only their own tax burden. This is a normal thing to do, but far greater tax savings are possible when the family as a whole is considered as a tax paying unit.By combining the leeway offered by

Promoter Remuneration

Posted by Member (Account Deleted) 05 August 2008 54923 Views

The remuneration of a promoter, may be paid in cash or partly in cash and partly in shares and debentures f the company.But in the absence of an agreement with the company after its incorporation a promoter can not file a suit in a court of law for t

FBT - Amendments during initial phase of FBT

Posted by Admin 03 August 2008 11656 Views

FBT - Amendments during initial phase of FBT about estimation of value of Fringe Benefits can be considered applicable since inception of FBT. A point of view.Summary:Provisions relating to FBT are new. FBT is levied on estimated value of fringe and

CA is Conquer Again

Posted by E.Nivedita 02 August 2008 13382 Views

“CA is Conquer Again” “CA is Conquer Again and not Come Again.” These were the words of Mr.T.N.Manoharan when he inaugurated the Institute of Chartered Accountants of India in my hometown, Tuticorin. From that day those two

INFLATION ADJUSTMENT

Posted by sumat singhal 31 July 2008 10682 Views

Inflation Adjustments[Submitted by SUMAT SINGHAL CA(PCC) INDORE]It is a well known fact that inflation causes all the factors of the economy to change. Some of the important factors to get affected include investment, stocks, mortgage, unemployment

Scope of CISA

Posted by Rushikesh 29 July 2008 30707 Views

A career as Information Systems AuditorThe roles of IS Auditor and Information Security Auditor are becoming very significant. So CISA certification definitely opens up doors to many opportunities. by Avinash KadamWe are familiar with the term audit

Common Currency for Asian Region

Posted by Rushikesh 29 July 2008 7821 Views

A SINGLE CURRENCY FOR ASIA: IS IT TIME?ROBERTO F. DE OCAMPOFormer Secretary of Finance, PhilippinesandPresident, Asian Institute of ManagementGiven at the ADB Seminar: “A Single Currency for East Asia –Lessons from Europe”37th ADB

Hedge fund

Posted by Member (Account Deleted) 29 July 2008 10959 Views

Hedge Fund IndustryIn 2005, Absolute Return magazine found there were 196 hedge funds with $1 billion or more in assets, with a combined $743 billion under management - the vast majority of the industry's estimated $1 trillion in assets. However, ac

Options

Posted by Member (Account Deleted) 28 July 2008 10769 Views

Options are financial instruments that convey the right, but not the obligation, to engage in a future transaction on some underlying security, or in a futures contract. In other words, the holder does not have to exercise this right, unlike a forwa