CAclubindia Articles

Income declared u/s 44AD-no need to explain each cash deposit

Amit Bajaj 02 March 2011 at 12:06

Income declared u/s 44AD- Assessee not liable to explain each entry of cash deposit. I have found the following Judgement very useful for small assessees who declares their income under presumptive income schemes and I am sharing it here for benefit

Audit Programme of Small Bank Branches

CA KRISHNA KUMAR DARUKA 02 March 2011 at 12:05

AUDIT PROGRAM OF SMALL BRANCHES OF BANKS By CA Krishna Kumar Daruka Friends the bank audit time is nearing.

Hold your nerves on Match/Exam day- ICAI Cup Part-2

CS LLB Pulkit Gupta 02 March 2011 at 12:01

ICAI CUP 2011- HOLD UR NERVES ON MATCH/EXAM DAY WHY I APPLY FUSION i.e. MIX MY TIPS WITH OTHER TOPICS!!Friends I am back with the 2nd part of series ICAI CUP 2011. People have asked me that why I merge the exam tips with other disciplines/su

Ceiling rate on Declared goods under CST Act incresed to 5%

Amit Bajaj 02 March 2011 at 11:35

It has been proposed in the Budget 2011-12 to increase the ceiling of 4% on declared goods under section 15 of CST Act to 5%. Currently State Governments cannot levy VAT more than 4% on declared goods. Declared goods are those goods which are of

My Tips & Tricks for Accounts

CA Madhukiran Reddy 02 March 2011 at 11:35

MY TIPS AND TRICKS FOR THE ACCOUNTSWell Friends, All of we know that ACCOUNTS plays a major role in CA exams mostly in IPCC, Out of 700 marks 200 marks is from Accounts and another 100 marks is from Cost Accounts. There is Only 2 months time

Amendment in Service Tax under Union Budget 2011

CA.AMIT SHARMA 02 March 2011 at 11:34

A. Introduction of new taxable services under the tax net (to be applicable from the date of notification after passage of Finance Bill 2011)a. Services by air-conditioned restaurants having license to serve liquor with a 70% abatement on this

Changing Momentum Of GST - Still More To Do

Nagesh Bajaj 01 March 2011 at 22:51

When nothing is going right in the successful implementation of Goods and Services Tax (GST), suddenly a momentum changes in favour of those who are favouring the rolling out of the GST. The finance ministry is planning to table a Constitutional A

Change in Service Tax Refund Scheme

Pradeep Jain 01 March 2011 at 22:50

Change in Service Tax Refund Scheme Prepared By: CA Pradeep Jain And Sukhvinder Kaur, LLB[FYIC] The scheme of refund of service tax paid on specified services which were utilised for export of goods was given effect in 2007 vide Notification

Changes proposed for introducing Goods and Service Tax (GST)

Pradeep Jain 01 March 2011 at 22:50

Changes proposed for introducing Goods and Service Tax (GST) Prepared By: CA Pradeep Jain And Sukhvinder Kaur, LLB[FYIC] The introduction of Goods and Service Tax (GST) at both Central as well as State level is the dream of the Government de

Central Excise Duty Assessment on Ready Made Garments

Rajesh Kumar 01 March 2011 at 22:50

Excise duty at the rate of 10% shall now apply to ready-made garments and made-up articles of textiles falling under Chapters 61, 62 and 63 (heading nos.63.01 to 63.08) of the Central Excise Tariff except those falling under heading nos.63.09 and