A serious infringement on my right to have fun……….Was the RSS not enough for us that we now have our very own police force (who always reach on time???) to waste their efforts on such moral policing…..If this policing were done in France, the entire population would have to be jailed. In a country where [...]

Chartered Accountants are on a brand building drive. As a part of the effort, The Institute of Chartered Accountants have allowed qualified Chartered Accountants to prefix ‘CA’ to the name in order to distinguish them from other professionals. This is intended to develop a certain image of the chartered accountant in the mind of the [...]

THINGS EVERY INVESTOR SHOULD KNOW ABOUT ONLINE TRADING::– Q.1 When does an investor receive shares/funds after payout? An investor will receive shares withing 48 hours of receiving the payout from the exchange. In case the investor’s account shows a debit, the system will automatically hold back the shares. In such an event shares will be [...]

There has always been an ongoing debate in the Indian corporate world about who is a better professional out of a Chartered Accountant and a Mba. People have put forward various arguments in this context. Some say that an Mba being better equipped with skills such as presentation, communication, analytical etc turns out o be [...]

According to a recent survey it was found that Retail investors subscribed to 31.3 per cent of the equity shares offered in 61 public issues, fractionally behind foreign financial institutions’ (FIIs) subscription of 32.6 per cent shares.The 61 public offers mobilised Rs 21,218 crore this year, of which retail investors contributed Rs 6,321 crore while [...]

1. Tax Deposit (a) TDS/ TCS i. Use challan type 281 for deposit of TDS/TCS. ii. Quote the correct Tax Deduction Account Number (TAN) and name & address of the deductor on each challan used for depositing tax. [TAN is a unique 10-digit alphanumeric number allotted by the Income Tax Department (ITD) to entities deducting [...]

Financial markets are a part of the changing business paradigms, across the globe. In fact, the financial markets are the first to unleash the creativity and imagination and lead the revolution. Today, globalization of competencies, thinking and perspectives has been the part of Strategic Action Plan of all the major players in the financial markets, [...]

To be successful, an auditor should possess certain desirable qualities, besides having his formal qualification. His qualification requires that he should be a qualified chartered accountant. Besides, he should possess the following qualities: – 1. Tactfulness 2. Cautious approach 3. Firmness 4. Good temperament 5. Integrity etc. He should be tactful in doing the job [...]

This statement is correct that the auditor is a watchdog and not a bloodhound. To understand the meaning of this statement we must know what is the difference between a watchdog and a bloodhound. A watchdog keeps a strict vigil on the house of the owner and the does not allow any outsider to enter [...]

There are certain basic principal that should be followed while doing an audit. They are as follows:- • Skill & Competence • Confidentiality • Independence • Objectivity • Responsibility Skill & Competence The basic principle of audit is that a competent and skilled person should conduct it. only a qualified for an auditor is that [...]