Search articleship and jobs

Listing of 10000+ all over India CA firms at our search engine. You can list out vacancies in your firm also.

Summary Notes, FTR, Table Format for major subjects

You can also share your knowledge and files with us. You might feature on our website and social profiles with photo and name.

Resumes (CV) for articleship

Download sample resumes (curriculum vitae) specially prepared for articleship and CA related jobs..

Perfect guidance about selection of articleship firm

Expert advice on how to select firm, how to comply all formalities and everything about articleship...

Contribute files to our website and we may publish it with your name and photo

Get famous and share your knowledge. You might feature on our website and social profiles with photo and name.

Saturday, December 18

CA FINAL (nov.) & CPT(dec.) results likely to be declare on 21st january.

Results of Final (Old & New) Course Examinations held in November, 2010 and Information Systems Audit – Assessment Test and CPT Examination held in December, 2010 are likely to be declared on 21st January, 2011 at around 2.00 PM.- (18-12-2010)

click on subject to visit the source, i.e.

Monday, December 13

Treatment of Building


When any person operating his business activities in owns building then such building to be classified under fixed assets and depreciation to be charged on that building and AS- 10 shall be applicable.


When any person hold the another building (other than building in which   he operating his business activities) for   earned the rental income or appreciation in capital then such building to be classified under investment and depreciation not to be charged on that building and AS-13 shall be applicable.


When any person holds the building (other than building in which   he operating his business activities) as stock in trade than such building to be classified under closing stock and AS-2 shall be applicable.

Monday, December 6

For extraction of cs admit card go to this URL. You will not need to create any id for extraction. Click Here.

Click on the SUBJECT of this post.

Tuesday, November 30

CPT passing criteria will be 30% minimum in each section & 50% aggeregate [NOT APPLICABLE FOR DEC.]

Common Proficiency Test - Proposed amendment in the Chartered Accountants Regulations, 1988 -(30-11-2010)
The President in his column (President ’s page) in the December, 2010 issue of the Journal, `The Chartered Accountant ’ has inter-alia conveyed the decision of the Council as under: Common Proficiency Test: The Council at its 300th meeting reviewed the requirement for passing the Common Proficiency Test and decided that a candidate shall have to obtain at one sitting, a minimum of 30 per cent marks (out of maximum marks specified by the Council for each Section) and a minimum of 50 per cent marks in the aggregate of all the Sections, subject to the principle of negative marking, in a manner as may be specified by the Council from time to time subject to proposed amendments in the regulations approved by the Central Government. Upon reading the above write-up, the Institute has been receiving telephone calls from anxious students, their parents and members. It has been brought to our knowledge that SMS/email chain have started circulating giving some misinformation about the applicability of the proposal for December, 2010 CPT examination. It is hereby clarified that as mentioned in the above write-up, the decision of the Council will be made applicable only after the Chartered Accountants Regulations, 1988 are amended by the Central Government, for which a proposal will be sent to the Central Government shortly. It is further clarified that the process of Central Government ’s approval includes consideration by the Ministry of Corporate Affairs and Law Ministry, consideration by the Council of ICAI of public comments on the draft amended Regulations, final approval of the proposed amendments by the Central Government and publication of the same in the Gazette of India. As such, the above decision taken by the Council, as rightly conveyed by the President, cannot and will not be made applicable for the CPT examination scheduled for 19th December, 2010. It is once again reiterated that the students and other
stakeholders should take cognizance of the official announcements only (published in the Chartered Accountants Journal, CA Students newsletter and )

source link click on d SUBJECT of this post or


Saturday, November 27

World's biggest ever IPO $23bn by General Motors

The underwriters, led by Morgan Stanley, JPMorgan Chase & Co, Bank of America Merrill Lynch and Citigroup Inc, exercised their option on an additional 71.7 million shares worth $2.37 billion. They also exercised their option to purchase 13 million shares of mandatory convertible junior preferred stock for $650 million, GM said on Friday. The US automaker last week raised $20.1 billion in an IPO of common and preferred shares in the biggest US IPO ever. With this full overallotment, GM has now raised $23.1 billion, outpacing Agricultural Bank of China's $22.1 billion July IPO and making GM the biggest IPO globally. The full overallotment exercise reflects strong demand for the stakes in the company. Barclays Capital, Deutsche Bank, Goldman Sachs, Credit Suisse and Royal Bank of Canada are GM's other major underwriters. Lazard and Boston Consulting Group served as advisers to the Treasury. Evercore Partners advised GM. The closing for the additional shares is expected to take place on Dec 2. GM stock rose 32 cents, or nearly 1 percent, to close Friday at $33.80.
Source: ET

IPCC, PCC, PE II statstics


Frequently Asked Questions (FAQs) on VAT. Just click to know everything on VAT.


Friday, November 26


ICAI has brought out a list of over 400 companies that should converge their accounting practices with International Financial Reporting Standards (IFRS) by April 2011. IFRS — issued by International Accounting Standards Board — is acknowledged by 113 countries. This is ICAI ’s first list and more companies would be added on its next
list, sources said. The first list comprises 439 companies. It includes BSE- Sensex companies, NSE- Nifty companies, companies
that have raised debt of over $50 million abroad, financial sector companies, publicly accountable companies (with total borrowings of over Rs 1,000 crore), Indian subsidiaries of foreign companies that have implemented IFRS at the parent company and companies outside these categories with capital of over $50 million abroad. Significantly, ICAI is mulling including venture capital funds also in the IFRS convergence process. The first list includes BSE and NSE companies (totalling 52), 44 insurance companies, 46 mutual fund companies, 37 Indian banks with presence only in India, 30 foreign banks with a presence in India, eight Indian banks with overseas branches, one Indian bank with subsidiaries or joint ventures abroad (Central bank of India) and four Indian banks with representative offices abroad. Then there are 217 companies including Air India Charters, Indian Railway Finance Corporation, Reliance Ports & Terminals, Jet Lite, Educomp Solutions, Exim Bank, TVS Motor, GMR Energy, GVK Power & Infrastructure, Godrej Industries, NHPC, RNRL, Videocon and Wockhardt. IFRS convergence will entail a change in the accounting process. Mr Rahul Roy, Director, Ernst &
Young, said, “Depending on a company’s complexity, it will need a change in its IT and ERP systems, besides management information system. Besides, companies will have to employ valuers for various valuations. ” IFRS compliance is a huge opportunity for consultants, IT companies and tax experts. The cost of compliance will range from Rs 10-12 crore for a big company to Rs 8-10 lakh for a small company. But finance professionals who have not updated their IFRS skills will become obsolete while IFRS experts will command a premium salary, Mr Roy said. Companies will have to train their accounts and finance personnel on IFRS. After IFRS convergence, benchmarking Indian companies with their global
peers will be more accurate. ICAI will hold talks on IFRS convergence with SEBI, IRDA, RBI and the Corporate Affairs Ministry on the changes in SEBI guidelines, IRDA rules and regulations, the Banking Regulation Act, Companies Act and National Advisory Committee on Accounting Standards notifications. ICAI will convene talks with companies in oil and gas, aviation, pharma and textiles to evaluate the sectoral impact. It will follow the IASB ’s programmes on converging IFRS with US Generally Accepted Accounting Principles. ICAI could also evolve separate and simpler IFRS norms for small and medium enterprises as such companies lack the resources to converge with IFRS.

Content copiƩd.



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 Companies Act.

It generally takes the form of a trust when it is formed primarily by one or
more persons.

To form a Society at least seven persons are required. Institutions engaged
in promotion of art, culture, commerce etc. are often registered as
non-profit companies.

These forms are enumerated as under :

1. Charitable Trust settled by a settlor by a Trust Deed or under a

2. Charitable or religious institution / association can be formed as a

3. Charitable institution can be formed by registering as a company
u/s. 25 of the Companies Act, 1956, as non profit company (without addition
to their name, the word "Limited" or "Private Limited").

1. *Registration under Income-tax Act*

1. Charitable or religious trusts, societies and companies
claiming exemption under sections 11 and 12 of the Income-tax Act are
required to obtain registration under the Act. Private/family trusts are
neither allowed such exemption nor required to seek registration under the
Income-tax Act. The detailed procedure is as under

2. Registration of Trust under Income-tax Act procedure for
registration u/s. 12AA of I.T. Act.

1. Application for registration in Form No.10A in duplicate.

2. List of Name and Address of the Trustees

3. Copy of Registration Certificate with Charity Commissioner or copy
of application to him.

4. Certified True Copy of the Trust Deed.

5. PAN No. or Copy of application of the Trust.

6. PAN of the trustees.

3. *Procedure for registration (Sec 12AA)
*The Commissioner, on receipt of an application for registration of a trust
or institution made under clause (a) of section 12A, shall –

a. call for such documents or information from the trust or
institution as he thinks necessary in order to satisfy himself about the
genuineness of activities of the trust or institution and may also make such
inquiries as he may deem necessary in this behalf; and

b. after satisfying himself about the objects of the trust or
institution and the genuineness of its activities he –

i. shall pass an order in writing registering the trust or

ii. shall, if he is not so satisfied, pass an order in writing
refusing to register the trust or institution,

iii. and a copy of such order shall be sent to the
that no order under sub-clause (ii) shall be passed unless the applicant has
been given a reasonable opportunity of being heard.


->To Join Ur frnds freely Forward this Msg to ur frnds.
Send it to *9870807070*

Anshul Mandowara*

List of applicable services for May/Nov'11 for IPCC, PCC & FINAL

Just click this.


Hope u find it benificial.

Good Information.. ;)


WHAT is it that's hard to break???

Diamonds are hard to find but not hard to Break.
What is the hardest thing to break then?
The answer is: HABIT!
If you break the H, you still have A BIT. If you break the A, you still have BIT. If you break the B, you still have IT!
Hey, after you break the
T in IT, there is still the 'I'.

And that (I) is the root cause of all the problems. Isn't it right?!
Now you know why HABIT is so hard to break….
Its destiny is in its name!

You think it is a frog and I think it is a horse!

Wait for a while

Moral: We have to respect each other's opinion and view; as you can see it clearly in the above picture. We just need to wait and listen actively to others' point of view!


















Anshul Mandowara


Split Forename and Surname











The following formula are useful when you have one cell containing text which needs




to be split up.




One of the most common examples of this is when a persons Forename and Surname




are entered in full into a cell.






The formula use various text functions to accomplish the task.




Each of the techniques uses the space between the names to identify where to split.






Finding the First Name











Full Name

First Name




Alan Jones


 =LEFT(C14,FIND(" ",C14,1))




Bob Smith


 =LEFT(C15,FIND(" ",C15,1))




Carol Williams


 =LEFT(C16,FIND(" ",C16,1))








Finding the Last Name







[Message clipped]  

Thanks & Regards,
Anshul Mandowara