CAclubindia Articles

House Rent Allowance - A tool of Tax planning for employees

CA Chandra Kishore Bajpai 13 November 2013 at 12:40

House Rent Allowance (HRA) is second component which is found in each pay slip after basic salary. This is the major contributor in tax relief for the employee who reside in rented house during his/her employment.Generally employee submits Rent recei

Interest if dept unjustly hold rightfully earn Cenvat Credit

Bimal Jain 13 November 2013 at 12:40

Dear Professional Colleague, Assessee entitled to interest if the Department unjustly holds rightfully earned Cenvat credit We are sharing with you an important judgement of the Honble Gujarat High Court in the case of Hindustan Coca-Cola Bev

An insight into Corporate Social Responsibility (CSR)

CA Abhishek Malpani 12 November 2013 at 21:56

Corporate Social Responsibility CSR as they are popularly known is after all the human face of business. Conceptually it recognises the solemn duty the business owes to the society. In a way it stands for

Danger But Best Period

CA Chirag 12 November 2013 at 21:55

After having writing articles on How to write in CA Exams and Last Days before CA Exams, I decided to write an article on Danger But Best Period. You might get surprised with the words Danger But Best

Karniti Part-10: After Diwali,Take care of health exps & Income Tax

CA Umesh Sharma 12 November 2013 at 17:54

Medical Expenses and Income Tax Arjuna: Madhava, just now Diwali festival has been celebrated. On the occasion of Diwali, we have discussed how books of accounts to be maintained and if one has to start new business then which tax laws are required

Taxation of Works Contracts under TN VAT act/ Rules - 3rd Revision

P.Jagadeeswaran 12 November 2013 at 12:59

Taxation of Works Contracts under TN VAT Vs Profit maximization in project execution. Meaning of Works Contract in TN VAT: Sec 2(43) defines as "Works Contract" includes any agreement for carrying out for cash, deferred payment or other valuable cons

XBRL Simplified

CA Chiranjiv Kumar 12 November 2013 at 12:59

What is XBRL?Standard definition - XBRL stands for eXtensible Business Reporting Language. It is a language for the electronic communication of business information, providing major benefits in the preparation, analysis and communication of business

Transparency in Corporate Restructuring along with Ambiguity

Mohit 11 November 2013 at 13:05

With robustness and Transparency which New Companies Act offers, it has also bought lot of ambiguity and unnecessary issues which needs to be clarified by MCA. The New Act has introduced many new concepts as compared to the existing Act and made mate

The Passion of Communication: Power of Semantics

Guest 11 November 2013 at 13:04

01. PREAMBLE 'SEMANTICS' is all about choosing the most appropriate word/words priority-wise and impact-wise when one begins to communicates. It is the first of the 'six' communication and presentation barriers that can help you to equip better to be

Forex rates movement- "Classical Interest rate differential theory" and its practical limitations

Srikanthan 11 November 2013 at 13:02

Forex rates movement-Classical Interest rate differential theory and its practical limitations Let me start with a caveat, inter se movement between currencies and the premia or discount that one currency commands over an