CAclubindia Articles

Tax-exempt gifts from relatives and others

Posted by Aisha 05 November 2007 11146 Views

It is very common for people to receive gifts from friends and relatives. In some cases, gifts are also received from NRls. Let us consider the latest provisions of the Income Tax Act, 1961 regarding gifts, and analyse how individuals can achieve com

FBT formula may stay same on all streets

Posted by Ankit Dangayach 05 November 2007 4981 Views

NEW DELHI: Valuation guidelines for fringe benefit tax (FBT) on employee stock options (Esops) may be tweaked slightly. Companies listed on select international stock exchanges may get to follow the norm meant for listed companies in India as the go

CA Students and the power of money

Posted by KAAPIL 04 November 2007 10373 Views

Money! Oh yeah! The most powerful thing in the world. Money is what money does. Money can buy Rs. 251 Crore Corporate Jet by Mr. Mukesh Ambani for his wife on her birthday. It is money which makes rich and famous. Carlos Slim, Warren Buffet and Bill

5 tips for surviving an audit

Posted by Mr. PURNA P 03 November 2007 16167 Views

5 tips for surviving an audit If you are being audited, don't panic. Be prepared and know your legal rights.1. Do your homework. Before you go into the auditor's office, get organized. Get all your papers together. Go over your return carefully. Beco

CA Students should become like Arjun

Posted by KAAPIL 01 November 2007 11216 Views

I am once again addressing articles to all CA Students. Dear Friends, I have noticed among few students that there is a trend to do other courses in order to get an added qualification. Please do remember that CA itself is the best qualification by a

Life as an Articled Assistant

Posted by KAAPIL 31 October 2007 13995 Views

I am addressing to all the students who are or are going to become Articled Assistant. Remember, your life will start at office and this is the time to grab the opportunity to learn. There is a popular adage, "I wanted to learn but nobody taught me"

Auditing needs to become global

Posted by Aisha 29 October 2007 5921 Views

European investors today regularly invest across national borders. In order to safeguard their interests, the European Commission (EC) is concerned about the regulation of non European Union (EU) audit firms and has proposed principles for such regul

Women directors can bring great value to corporate India's boardrooms

Posted by Aisha 28 October 2007 5979 Views

D Murali "It is not enough for best-employersand HR (human resource) leaders to simply focus on increasing the'number' of women in the workforce - either at the entry-level or atthe mid-executive level. The priority should also be on including women

Balance Sheet of Life.. an accountants perspective

Posted by Aisha 28 October 2007 5453 Views

Balance Sheet of Life Our Birth is our Opening Balance ! Our Death is our Closing Balance! Our Prejudiced Views are our Liabilities Our Creative Ideas are our Assets Heart is our Current Asset Soul is our Fixed Asset Brain is our Fixed Deposit Thi

Five key issues in FBT guidelines on ESOPs

Posted by Mr. PURNA P 26 October 2007 5558 Views

Five key issues in FBT guidelines on ESOPsThere are at least five niggling problems with the new norms issued for ESOP (employee stock option) valuation, says Mr Vikas Vasal, Executive Director, KPMG. "First, in the case of unlisted companies, no par