Author Archives: Anup Mukherjee

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 … Continue reading

Assessment Procedures of Income Tax in India

Income Tax Basics Income Person – One who earns Income Types of Income Types of Assessment Normal Procedure of Taxation Income Tax Return (ITR) Need for Checking by IT Dept Self Assessment Scrutiny Assessment Best Judgment Assessment Reassessment Example Concluding … Continue reading

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 Intra Region Transfer Transfer From Exempted Enterprise Do we need any Other … Continue reading

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 … Continue reading

ICAI Exams: Online Application

Online Application Summary Attestation Refund Correction Helpline Applying Online for CA Exams Registering for Online Application Procedure for Applying Online If Mistake Occurs What Kind of Card Acceptable? Screenshots Few things to remember Updates As of Jan 2012, this article … Continue reading

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 … Continue reading

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 … Continue reading

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 … Continue reading

Responsive Banks

Some days back, I found that SBI and Axis Bank did not have in their NEFT database a bank branch in which I had an account. Regarding Axis Bank I wrote to them – however the initial response was as … Continue reading

CWA: A Better Career Option?

New Syllabus Powerful Lobby of CWAs Three Year training for Students Exemption from CWA Training Good Study Material Better Stipend for CWA students ICWAI Website Brand Who cares for Brand? New Syllabus I find that the ICWAI has revamped its … Continue reading

Banks and Their Methods

I wanted to open a bank account with following facilities: 1) The debit card provided should be VISA 2) It should have good internet banking facility – particularly providing for – a) NEFT Transfers b) Online opening of TD/FD/RD etc … Continue reading

Internet Transactions : Some Experience

Use of internet for purchase of goods and for transfer of funds is a very fascinating experience. It is as if all control is in ones own hands. The days of going to bank to withdraw money and then go … Continue reading

Articleship: Certain Rules

1) Holiday 2) Leave Leaves that are Part of Articleship Leaves for Exams of ICAI 2)(A) Excess Leave 3) Working Hours / Timing of Work Procedure to Set Off Excess Hours Worked 4) Using Articles for other work 5) Clarifications … Continue reading

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 … Continue reading

Professional Ethics for Chartered Accountants

A profession brings with it a special reponsibility. This is because, a ‘profession’ is characterised by application of special knowledge, alongwith certain reponsibilities. A profession is opposed from business, because when we speak of a ‘profession’, it means that firstly, … Continue reading