Accountancy
An endangered profession
PROFESSIONAL developments in newer areas have been possible because the marketplace has accepted that accountancy firms can provide credible service in areas other than traditional accountancy services. But this does raise the challenge of identity. Thes e services, though provided in the firm's name, are more often provided by persons who are not accountants but members of other disciplines and the only link with the profession is often the firm name.

The music of success
Shruthi Raghavan, who bagged the fifth rank in the May 2001 CA (Final) exam, dispels many a myth about the CA course

Management
Pep up your speech
Greville Janner puts together some retellable tales on finance and insolvency

Taxation
Signing returns
THIS is a question on Section 140 of the Income-Tax Act. The section lists out the various persons who are competent to sign the return of income. For an HUF, the return has to be signed by the karta (or adult member when the karta is absent or incapacit ated). In a given situation, if there are no adult members alive and if all the existing members of the HUF are minors, who would sign the return? -- K. B. S. Manian

Small queries test well
HOW would one deal with the following situations? The assessment year is 2001-2002.

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