CAclubindia Articles

Change in the method of valuation of closing stock.

Posted by Nilesh Shah 29 April 2008 8843 Views

Nilesh Shah Writes:Cell: 92246-59941E mail: nilesh63@vsnl.comChange in the method of valuation of closing stock.Where the Assessing Officer revises the method of valuation of closing stock u/s 145A, he is bound to revise the valuation of opening stoc

SECRETS OF SUCCESS

Posted by SSA JI 29 April 2008 10376 Views

- Few words from successful candidates Planned studies, hard work and inner motivation are the keys to success. Strong willpower and faith in God are keys to success. Hard work, focused approach and faith in God are stepping-stones to success. Ha

Accrual of interest before the accrual of principal amount.

Posted by Nilesh Shah 27 April 2008 5947 Views

Nilesh Shah Writes:Cell: 92246-59941E mail: nilesh63@vsnl.comAccrual of interest before the accrual of principal amount.Interest income on compensation for compulsory acquisition is assessable on year to year basis as was decided by the Supreme Court

Easy life with Will...!

Posted by Prasanna.Rm 25 April 2008 5324 Views

EASY LIFE WITH WILL T he importance of will power cannot be exaggerated. The will is the power house of the human machine. Will power is the greater motive force that lies behind every activity of the human body or the m

Who is to take the hot seat...?? CA or MBA

Posted by Prasanna.Rm 25 April 2008 10579 Views

WHO IS TO TAKE THE HOT SEAT? The war to rule over the corporate corridors has cropped up in the recent days with CHARTERED ACCOUNTANTS on one side and MBA's on the other. Till before such a time the general perception was that CA's were entir

Time Management Tips

Posted by Jitender Garg 23 April 2008 11711 Views

Have you noticed how incredibly busy everyone is these days? Customers, colleagues, competitors – life is crammed full of activity. The things we want to do today, get postponed until tomorrow and we wonder at the end of each day, just what exa

Whether a father can make a gift to his son's HUF.

Posted by Nilesh Shah 23 April 2008 37049 Views

Nilesh Shah writes:Cell 92246-59941E Mail: nilesh63@vsnl.comThe provisions of section 56(1)(v) were introduced for the first time by the Finance No 2 Act,2004 with effect from 1-4-2005.What has the Finance Bill No 2, 2004 has to say when the provisio

Recovery of tax & garnishee proceedings.

Posted by Nilesh Shah 23 April 2008 5065 Views

Nilesh Shah Writes:Cell: 92246-59941E Mail: nilesh63@vsnl.comGarnishee proceedings on the Unit Trust of India (UTI)or on any other mutual fund or on banks is essentially one of attachment. Where the Income tax authorities ask for pre mature redeempti

ERP solutions for SMBs : Opportunity or Confusion ?

Posted by CA. Dashrath Maheshwari 22 April 2008 7265 Views

ERP solutions for SMBs : Opportunity or Confusion ? Its action time in the SMB space. Suddenly, the space neglected for so long seems to generate a lot of interest for behemoths of the Information Technology Industry. The turf once ruled by the multi

Essential ingredients of a gift.

Posted by Nilesh Shah 21 April 2008 11721 Views

Nilesh Shah Writes:Cell: 92246-59941E mail: nilesh63@vsnl.comEssential ingredients of a gift.Chapter VII of the Transfer of Property Act,1882 deals with Gifts of movable & immovable properties. Section 122 defines 'gift' as under:"Gift is a