Featured

Who is Required to File Income Tax Return in India and Who is Not

Income Tax Law in India is much more complicated than any other country. Here, return filing under Income Tax Law is not mandatory for every Person. It has been based on many factors such as age, salary, residential status as well as income sources in any other country. Read the article below and know that who is required to file income tax return and who is not required to file an income tax return.  Income Tax Act, 1961 has defined a basic exemption limit for Individuals and HUF. Therefore,  Individuals and HUF are required to file Income Tax Return only

Chartered Accountant, Featured

ICAI Industrial Training, Eligibility, Period, Procedure and Working Hours.

First of all, students shall note that ICAI Industrial Training is not a mandatory part of Chartered Accountancy course like articleship training. The motto behind ICAI to implement industrial training in CA curriculum is to provide industries, members with adequate knowledge and background of Industrial functioning. ICAI Industrial Training gives an opportunity to the articles to develop a problem-solving attitude and also have an insight into the functioning of the accounts department in an industrial/commercial or financial environment. It gives them a practical experience and makes them capable to work in a team and also correlate with the members of

Featured

Rates of Depreciation as Per Income Tax Act

As we know that Income Tax does not provide the complete deduction of Capital assets in the year of purchase. Capital Assets are depreciated over the period of time. Income Tax Act 1961, has provided the methods and rates for each category of assets u/s 32 and assessee is required to calculate the Depreciation under Income Tax Act on the basis of such rate and method only. The depreciation u/s 32 is allowed to get deducted from the income chargeable u/s 28 of the Profit and Gains of Business and Profession. Depreciation is allowed on all tangible assets like building,

Featured

Sample Resume for Articleship Trainings – Download PDF

Our Today’s Blog is dedicated to the resume for articleship training. Articleship Training is a mandatory part of the Chartered Accountancy course. After passing either single or both group of CA Intermediate, one can start his articleship training. Articleship Training is also known as the golden period in a CA student’s life. The knowledge, exposure, the experience you achieve amid such training is beyond your expectations. But obviously, it depends on the firm you are choosing to do your articleship training. You must read our blog on the importance of articleship training. Students who really want to have a good

CA Foundation

ICAI CA Foundation May 2018 Result

CA Foundation May 2018 Result Date ICAI has released the much-awaited result of CA Foundation May 2018 along with CA CPT June 2018 and CA Final May 2018 result. Pass Percentage of CA Foundation May 2018  Gender No. of Candidates Appeared No. of Candidates Passed % of Pass Male 3877 682 17.59 Female 2438 533 21.86 Total 6315 1215 19.24 The result for CA Foundation mentioned that the student is either qualified to move to the next level or still required to pass the entry test. Toppers of CA Foundation May 2018   Particulars AIR – 1 AIR – 2

Chartered Accountant

Chartered Accountancy (CA) Course Duration

The Chartered Accountancy (CA) Course Duration depends upon the factor when did you start this course i.e either after 12th or after graduation. The minimum course duration of CA after 12th is 4.5 years while it is 3 years after graduation. Well, the above figure states only the minimum duration. Every single attempt increases your six months in this course. Here in this article, we are going to discuss the Chartered Accountancy Course duration separately after 12th and after B.com or any other graduation course . CA Course Duration After 12th CA Foundation – Candidates who wish to pursue Chartered Accountancy

Chartered Accountant

Career Options for a Chartered Accountant

Career options for Chartered Accountants are unlimited as CA is highly knowledgeable in various fields. CA is deemed to be an expert in Taxation, Finance, Company Law, Costing, Accounting aspects, Audit etc. Chartered Accountants are the only person who can audit the Financial Statements of a Company or Partnership Firm or Sole Proprietorship Concerns etc. Chartered Accountants holds a very responsible position in our society – Honorable Prime Minister of India “Mr. Narendra Modi”. The demand of Chartered Accountants has been rapidly increasing after some major decisions taken by Govt. including GST. But still, people are confused about the career

CA CPT, CA Final, CA Foundation, CA Intermediate, CA IPCC, Chartered Accountant

CA Question Papers With Answers

Today We are discussing the CA Question papers, As per the survey, Chartered Accountancy is deemed to be the toughest course in India. Every year, thousands of students enroll themselves for CA Course but still, there are only 2,85,000 Chartered Accountants in our country. Everyone has an opinion that reason for such ratio is the tough passing percentage maintained by ICAI. But only a CA Student knows what is the reason behind their failure. Learning things is easy but remembering and performing them in the exam is actually tougher and this is the point where most of the students lack.

CA Final

CA Final Result May 2018 – Date, Pass Percentage & Merit List

Finally, ICAI has released the CA Final result on 20th July along with CA Foundation May 2018 Result and CA CPT June 2018 result. The total number of candidates qualified as a Chartered Accountant in CA Final May 2018 Examination is 139 with the new course and 9104 with old course. ICAI has also issued a Merit list which includes the name of students who secured more than 55% marks in aggregate and place their name in Top 50 students all over India. On this page, we have shared with you the procedure to Download your CA Final May 2018

CA IPCC

CA IPCC Result May 2018 – Date, Procedure and Toppers

Finally, the wait is over, ICAI has officially announced the CA IPCC May 2018 Result on Sunday, the 29th July 2018 around 9:00 P.M. along with the merit list up to 50th Rank on its official websites.  Students looking for CA Intermediate May 2018 result for the New Course click here. Students who wish to check their result on their Email can register their Email address on the ICAI official site i.e. icaiexam.icai.org. The registration for the same has started on 27th July 2018. Important dates of CA IPCC result May 2018 – CA IPCC Exam May 2018 Starting Date