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The CA student's easy exit is really going to hamper their career in the long run....
Posted Date : 11-May-2011 , 02:20:24 am | Posted By CA. Sachin Data

Let me describe the above saying with the below mentioned instance: A man found a cocoon of an emperor moth. He took it home, so that he could watch the moth come out of the cocoon. One day, a small opening appeared, and he sat still, watching for several hours, as the moth struggled to force...

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Category : Students Zone | Comments : 1 | Hits : 1309

CA vs ICWA
Posted Date : 11-May-2011 , 01:32:46 am | Posted By CA. SANAT PYNE

CAvsICWA       Chartered Accountancy ICWA- Cost Accounting   scope of study In depth knowledge on every aspects of accounting, auditing...

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Category : General | Comments : 2 | Hits : 1994

HOW TO MANAGE YOUR TROUBLESOME BOSS ?
Posted Date : 11-May-2011 , 01:30:46 am | Posted By CA. SANAT PYNE

Arranging seminars and discussion forums to explore how to manage a troublesome boss is common. Diane Stafford of The Kansas City Star gives some common takeaways from those seminars. The first one is that you can't change your boss, you can only change your own reactions. It's up to...

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Category : General | Comments : 0 | Hits : 401

Export Documentation
Posted Date : 10-May-2011 , 07:20:30 am | Posted By Rajesh

Introduction International market involves various types of trade documents that need to be produced while making transactions. Each trade document is differ from other and present the various aspects of the trade like description, quality, number, transportation medium, indemnity, inspection...

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Category : DGFT | Comments : 0 | Hits : 1420

Letter of Credit
Posted Date : 10-May-2011 , 07:18:39 am | Posted By Rajesh

Introduction Letter of Credit  L/c also known as Documentary Credit is a widely used term to make payment secure in domestic and international trade. The document is issued by a financial organization at the buyer request. Buyer also provide the necessary instructions in preparing the do...

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Category : DGFT | Comments : 0 | Hits : 1300

Procedure for holding EGM
Posted Date : 10-May-2011 , 06:27:12 am | Posted By CA. SANAT PYNE

  Procedure for holding EGM       1.  Convene Board Meeting ...

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Category : Corporate Law | Comments : 0 | Hits : 749

Investment Terminology (For IPCC/PCC Students)
Posted Date : 10-May-2011 , 03:39:25 am | Posted By Pulkit Gupta

  Introduction  This article will deal with various terms related to Investment.    There are some basic things which we analyze before investing in any Co. To analyze such things we need complete clarity about them .   I will try to give a b...

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Category : Finance | Comments : 0 | Hits : 630

JUGAAD AND it's importance in India
Posted Date : 10-May-2011 , 03:32:25 am | Posted By Pulkit Gupta

  JUGAAD - OUR GREATEST ASSET !! MEANING OF JUGAAD *Actually this word is inspired from the common mode of transport in villages.   * Jugaad is a synonym of INNOVATION .  * It also means to adjust according to the situation  *Anythin...

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Category : Students Zone | Comments : 2 | Hits : 588

DILLI KA CA
Posted Date : 10-May-2011 , 03:30:27 am | Posted By Pulkit Gupta

  DEKHO DILLI KA BHAVI CA CHALA AA RAHA HAI PART- 1 – CPT ANKHON MEIN SUNHARE KAL KE SAPNE SAJAYE, MANN MEIN KUCH KAR DIKHANE KI UMEED JAGAYE, KABHI GHABRAYE KABHI MUSKURAYE, ITO/VISHVASNAGAR KI AUR BADA JA RAHA HAI, DEKHO DILLI KA BHAVI CA CHALA AA RAHA HAI...

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Category : Students Zone | Comments : 3 | Hits : 585

Architect and a developer
Posted Date : 10-May-2011 , 03:26:08 am | Posted By Pulkit Gupta

  These interactions are between a developer and technical architect. Comparing them with Sarfarosh movie's Inspector Salim and ACP Rathod.   Enjoy.............................................   ARCHITECT: Kaise ho ...

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Category : Students Zone | Comments : 0 | Hits : 564

Chartered Accountancy Course- Number of attempts does not matter. Tha value of a CA always remain the same.
Posted Date : 09-May-2011 , 06:48:21 am | Posted By CA. Sachin Data

A well known speaker started off his seminar by holding up a Rs.1000 note. In the room of 200, he asked, "Who would like this Rs.1000 note ?" Hands started going up. He said, "I am going to give this Rs.1000 note to one of you but first, let me do this." He p...

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Category : Students Zone | Comments : 34 | Hits : 8863

Chartered Accountants vs Unchartered Accountants
Posted Date : 09-May-2011 , 02:15:21 am | Posted By CA. Sachin Data

Chartered financial advisors differ from standard financial advisors in many ways. These differences can be very important to both financial professionals and consumers who need accounting services. By understanding these important differences, you can increase the quality of the accounting work ...

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Category : General | Comments : 0 | Hits : 748

Appraisal process :: excellent
Posted Date : 08-May-2011 , 09:28:47 am | Posted By Anjali Arora

The Art of Appraisal Big Boss: This year your performance was good, excellent and outstanding. So, your rating is "average". UMA: What? How come 'average'? Big Boss: Because...err. ..uhh...you lack domain knowledge. UMA: But last year you said I am a domain ex...

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Category : Students Zone | Comments : 0 | Hits : 489

Comparison between existing COMPANY and LLP
Posted Date : 06-May-2011 , 04:26:39 am | Posted By CA. SANAT PYNE

Comparison between existing COMPANY  and LLP   Category Company LLP Prevailing Law Companies are prevailed by ‘Companies Act, 1956’ ...

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Category : Income Tax | Comments : 0 | Hits : 988

Comparison between PARTNERSHIP and LLP
Posted Date : 06-May-2011 , 04:25:31 am | Posted By CA. SANAT PYNE

Comparison between PARTNERSHIP  and LLP   Category Partnership LLP Prevailing Law Partnership is prevailed by ‘The Indian Partnership Act, 1932’ and...

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Category : Corporate Law | Comments : 0 | Hits : 627

Refund of TDS of Excess Deducted (Circular No. 2/2011) F. No. 385/25/2010-IT(B), Dated 07.04.2011
Posted Date : 06-May-2011 , 02:49:51 am | Posted By CA Mordhwaj Garg

  CIRCULAR NO. 2/2011 [F.NO. 385/25/2010-IT(B)], DATED 27-4-2011 The procedure for regulating refund of amount paid by the Deductor in excess of the tax deducted at source (TDS) and/or deductible is governed by Board circular No. 285, dated 21-10-1980. 2. Subsequent to issue of c...

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Category : Income Tax | Comments : 0 | Hits : 1175

How to come across the hurdle of Financial Planning.
Posted Date : 06-May-2011 , 02:44:20 am | Posted By CA. Sachin Data

Financial planning simply means planning finances to meet your future needs. There has been a lot of material based on academic research on the subject, developed over the last few decades and being used by individuals now. The most popular and followed approach is goal-based financial plann...

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Category : General | Comments : 0 | Hits : 373

FAQ ON EFILING OF ROC FORM
Posted Date : 06-May-2011 , 01:05:01 am | Posted By CA. SANAT PYNE

  1. What are the steps for offline eFiling? 1. Select a category to download an eForm from the MyMCA portal (with or with out the instruction kit. 2. At any time, you can read the related instruction kit to familiarise yourself with the procedures(you can download the instruction ...

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Category : Corporate Law | Comments : 0 | Hits : 1220

FAQ ON REFUND PROCESS
Posted Date : 06-May-2011 , 12:59:21 am | Posted By CA. SANAT PYNE

  1. What is refund process? The user is required to make various payments to avail MCA21 services. A number of instances have been observed where the users make multiple payments or incorrect payment or excess payment while using these services. In order to allow the stakeholders to...

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Category : Corporate Law | Comments : 0 | Hits : 440

RBI relaxes norms for making payments using mobile phones. Raises Limit to Rs.50000
Posted Date : 06-May-2011 , 12:01:22 am | Posted By CA. Sachin Data

Relaxing the norms for making payments using mobile phones, known as m-wallet, the Reserve Bank today decided to increase the limit of money-loading to Rs 50,000 from the existing limit of Rs 5,000. “The maximum value of such prepaid semi-closed m-wallet shall not exceed Rs 50,000,&rdqu...

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Category : RBI | Comments : 0 | Hits : 609

Howz CA life..........!!!
Posted Date : 05-May-2011 , 10:58:06 pm | Posted By CA. Sachin Data

Living a few years of your life like most people wont, so that you can spend the rest of your life like most people can't!!!!!!! ...

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Category : General | Comments : 2 | Hits : 488

FAQ ON FDI
Posted Date : 05-May-2011 , 06:45:03 am | Posted By CA. SANAT PYNE

FAQ ON FDI   Q. 1.    What are the forms in which business can be conducted by a foreigncompany in India? Ans.   A foreign company planning to set up business operations in India may: Incorporate a company under the Companies Act, 1956, as a Joint...

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Category : FEMA | Comments : 0 | Hits : 1144

FAQ ON 26AS
Posted Date : 05-May-2011 , 03:02:32 am | Posted By CA. SANAT PYNE

  1.What is Form 26AS? Form 26AS is a consolidated tax statement issued under Rule 31 AB of Income Tax Rules to PAN holders. This statement, with respect to a financial year, will include details of: a) tax deducted at source (TDS); b) tax collected at source (TCS); and c) adva...

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Category : Income Tax | Comments : 0 | Hits : 781

Increase in Authorised Capital is not liable to stamp duty under Indian Stamp Act, 1899 as applicable in Delhi
Posted Date : 04-May-2011 , 09:15:17 pm | Posted By Anjali Arora

Delhi High Court in the case of  S.E. Investment Limited (CO. APPL. (M) 38/2011 & CO. APPL. 293/2011) held that increase in Authorised Capital is not liable to stamp duty under Indian Stamp Act, 1899 as applicable in Delhi   Facts of the Case -S.E. Investment Limited (the Pe...

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Category : Corporate Law | Comments : 0 | Hits : 1564

REGISTRATION UNDER SECTION 35AC
Posted Date : 04-May-2011 , 03:06:37 am | Posted By CA. SANAT PYNE

REGISTRATION UNDER SECTION 35AC   01The Central Government approves certain NGOs and notifies them as eligible for project or schemes for the purposes of section 35AC. If an NGO succeeds in getting such an approval for its projects then it stands a very good chance of mobilising fund...

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Category : Income Tax | Comments : 0 | Hits : 645

CHECKLIST FOR APPOINTMENT OF MANAGING DIRECTOR
Posted Date : 04-May-2011 , 12:27:25 am | Posted By CA. SANAT PYNE

CHECKLIST FOR APPOINTMENT OF MANAGING DIRECTOR   The following are the steps involved in appointment of Mr. A as Managing Director in a Company who is not an Managing Director in any other Company:   Convene Board Meeting, appoint Mr. A as Additional Director and pas...

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Category : Corporate Law | Comments : 0 | Hits : 4329

Micro Finance Institutions (MFIs) cannot charge more than 26 pc interest RBI
Posted Date : 04-May-2011 , 12:26:31 am | Posted By CA. Sachin Data

The Reserve Bank has capped interest rates charged by micro finance institutions from small borrowers at 26 per cent, but opened for MFIs the bank credit line which was curtailed following the crisis faced by the sector in October, 2010. The loan by the banks to MFIs for on-lending to small b...

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Category : Banking | Comments : 0 | Hits : 880

FORMATION OF CHARITABLE TRUST
Posted Date : 04-May-2011 , 12:25:55 am | Posted By CA. SANAT PYNE

FORMATION OF CHARITABLE TRUST A public charitable or religious institution can be formed either as a Trust or as a Society or as a Company registered u/s 25 of the CompaniesAct. It generally takes the form of a trust when it is formed primarily by one or more persons. To form a Societ...

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Category : Income Tax | Comments : 0 | Hits : 1156

All about Deduction under Section 80G of the Income Tax Act, 1961 for donation
Posted Date : 04-May-2011 , 12:24:22 am | Posted By CA. SANAT PYNE

All about Deduction under Section 80G of the Income Tax Act, 1961 for donation   INSPITE of all the contributions made to social causes, there is a huge gap between the demand of money from the needy and the amount donated by philanthropists. This probably, is the reason why the Gov...

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Category : Income Tax | Comments : 0 | Hits : 1661

5 ways to live a better life
Posted Date : 03-May-2011 , 07:22:10 am | Posted By Ravindr Bhandari

Five popular ways for better living GEM THERAPY THE GEM STONES ARE A PERENIAL SOURCE OF SPECIFIC RAYS WHICH RADIATE FROM THEM FOR SEVERAL YEARS. PEOPLE SUFFERING FROM HEALTH PROBLEMS OR MISFORTUNES CAN WEAR DIFFERENT GEM STONES TO COUNTER THE MALEFIC INFLUENCE OF CERTAIN PLANETS IN A...

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Category : General | Comments : 0 | Hits : 566

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