CA. M. Santhosh Reddy CA Ambika CA Anjan Kumar Verma CA Prarthana Menon CA P S Iyengar CA Ajay Bhagat CA Bhanu Parashar CA Nidhi A.Bhatnagar CA Mohamed Shafi CA Ankur Garg CA Kaushik Batavia Suggestions for Writing Answers For various reasons, CA exams are tough. However despite of all odds – students clear the [...]
Ten Reasons to Think before joining Chartered Accountancy (CA) course
Many consider CA course to be tough and difficult course – yet you want to do it. Often students join CA course because of peer pressure without giving much thought to their career objectives. Unless you have die-hard ambition to be in CA practice – if you are one of those contemplating to join CA [...]
Indian Rupee (INR) Gets Symbol
Indian Rupee has finally got the symbol for itself. This is fifth currency in the world to have its own symbol. The others currencies being of USA (Dollar), UK (Pound), Japan (Yen) and Euro that is prevalent in many European countries of EU. This will help in branding of Indian Currency, and is also reflective [...]
CA Articleship: Latest Changes
If you want to know about CA articleship, read these first: 1) So you want to do articleship? 2) Articleship Certain Rules This article is primarily about the important latest developments and changes / proposed changes that have been announced by ICAI or by its functionaries relating to CA articleship and CA exams and other [...]
Using Paypal in India and Verification Process
I had wanted to have a paypal account for a long time. I even created my account some years back – but deleted it later, as I was not in a position to verify my account. The reason is that Paypal would only allow the use of Credit Card for verification. I even wrote to [...]
Assessment Procedures of Income Tax in India
Every taxation system requires assessment. So does the Income Tax Laws of India. Assessment simply means determination of Tax. This tax is determined as per Taxation laws existing in that particular Assessment Year. What constitutes income is a very dynamic concept – as that is determined through mix of legislation, court judgement, custom, business practice [...]
Transfer of EPF Provident Fund Account Balance
Background Initial Works Types of Transfer EPF Transfer Form Procedure after filling the Form Problems in EPF Transfer Making Complaint Transfer Finally Happens Problems after Transfer Additional Notes Checking EPF Balance Update: New Grievance Redressal Facility by EPFO EPF administered by EPFO is considered a complicated framework of legalities. Even the rules and regulations framed [...]
ICAI: Accounting Technician Certificate (ATC)
ATC is an interesting innovation of ICAI. I don’t know what went into thinking of the institute – but they reformed the course – from Inter to PE2 to PCC to IPCC. This IPCC is the latest avatar of inter and incorporates the ATC – short for Accounting Technician Certificate. Frankly – I could not [...]
ICAI Exams: Online Application
Disclaimer: This page is for providing help to students of ICAI regarding Online Application and online payment for ICAI exams. However, due to changing nature of technology, ICAI may keep changing its procedures and methods as regards online application and online payment. Therefore, the actual procedures at the ICAI website may differ from time to [...]
Digital Signature
In India, the Digital Signature is governed by the Information Technology Act 2000. Digital Signature: It means authentication of any electronic record by a subscriber by means of an electronic method or procedure in accordance with sec 3. As per Sec 3, authentication of electronic records is to be done by use of digital signature. [...]
Electronic Governance
e-Governance in India is governed by the Information Technology Act 2000. e-Governance in India has following components: 1) Legal recognition of electronic records (Sec 4) : Wherever required by law, the requirement of submission of documents shall be deemed to be satisfied if it is rendered in electronic form and such electronic document is accessible [...]
Union Budget Proposals 2009
Budget in India is a very important annual fiscal exercise. Though over the years the sheen has eroded to some extent as many of the important decisions which the Union government used to take through budget were – in the realm of deregulation and decontrol started to be taken outside the budget exercise. This time [...]
CWA: A Better Career Option?
I find that the ICWAI has revamped its syllabus – making three years practical training compulsory for students. This change was made in 2008. Previously, CWA was a theoretical correspondence course which often working people who were already in service would do. Also since the students did not have any practical exposure – the enthusiasm [...]
Articleship: Certain Rules
1) Holiday 2) Leave 3) Timing of Work 4) Using Articles for other work 5) Clarifications from Institute 6) Filling form 108 / 109 7) Stipend during leave 8 ) Transfer from one Principal to another 9) Position of the Principal / Member of the Institute 10) Conclusions The Chartered Accontantcy course in India entails [...]
Corporate Fraud and Audit Risk
If the world were perfect, then every system would work perfectly. Then there would not be need to put the systems under the manifold controls. Yet, controls are not always ultimate protection. In the field of accountancy, we find that there are so many Accounting Standards. Despite of this we find that frauds keep happening. [...]
