CAclubindia Articles

EXEMPTION U/S.54-F

Posted by Arihant 22 August 2008 12198 Views

EXEMTION U/S. 54-F IS AVAILABLE IF THE INVETMENT IS MADE OUT OF INDIA.In an article published in a tax journal, an advocate and tax consultant from Ahmedabad had expressed the view that exemption from capital gains can be availed of under Sections 54

Casual Vacancy

Posted by CA. Aryendra 19 August 2008 35088 Views

A vacancy in the office of the auditor of the company before the term has expired is a casual vacancy. The term has not been defined in the Act. But there are several circumstances in which the casual vacancy arises. The term used may be `casual' but

audit documentation

Posted by nehal 18 August 2008 81380 Views

PRACTICAL GUIDE TO DOCUMENTATION FOR AUDIT (including documentation for peer review / Financial Review and other assurance services)

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

Promoter Remuneration

Posted by Member (Account Deleted) 05 August 2008 54927 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

HUF Tax Plannig

Posted by Sarvesh Mani Tiwari,CFA(ICFAI) 05 August 2008 14782 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

FBT - Amendments during initial phase of FBT

Posted by Admin 03 August 2008 11658 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 13384 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 10685 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 30711 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