CAclubindia Articles

At Arms' Length -Advance Pricing Arrangements- The need of the hour

Abhiroop 09 February 2008 at 16:15

At Arms' Length -Advance Pricing Arrangements- The needof the hourWhen the transfer pricing regulations were introduced in Indiain 2001, transfer pricing was completely unknown. The onerous documentationrequirements and stringent penalties prescribed

Posted in Income Tax | 7056 Views

FAQ on HUF

neha sodhani 06 February 2008 at 15:44

What is a HUF?It is defined under the Hindu Law as a family that consists of all persons lineally descended from a common ancestor, including wives and unmarried daughters.This means your membership into a HUF does not come from a contract but from y

Posted in Students | 12909 Views

FAQ ON DIGITAL SIGNATURE

Garima 05 February 2008 at 15:58

FAQS ON DIGITAL SIGNATURE 1. What is a Digital Signature Certificate? Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. Examples of phy

Posted in Students | 6996 Views

FAQ ON BUY BACK

neha sodhani 05 February 2008 at 14:45

BUY BACK OF SECURITIES WHAT is the manner in which the company can buy back its own shares? The company can buy back its shares in any of the following manners: From the existing shareholders on a proportionate basis through the tender offer; From op

Posted in Shares & Stock | 7308 Views

Budget 2008 Hopes and fears

CA.Ankit Juneja 04 February 2008 at 17:10

Budget 2008: Hopes and fearsWith prices on the rise and our tax structure not adjusted for inflation, the middle-class and lower middle-class segments deserve a sizable tax relief in the forthcoming Budget. Also, industry is justified in demanding a

Posted in Others | 3621 Views

IPO faq

HARANATH 03 February 2008 at 12:35

. How to place an order? Go to Open IPO where you will get the listing of all Fixed Price and Book Building IPO available and open for application. Select any open issue and you will be directed to the application page. Fill necessary details and ens

Posted in Others | 4608 Views

FAQs on TAN

Garima 30 January 2008 at 17:24

What is TAN?Ans. TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. It is compulsory to quote TAN in all TDS/TCS returns

Posted in Students | 16446 Views

What is Professional Skepticism

Kaustuv 28 January 2008 at 10:32

Professional skepticism § Professional skepticism is a key element of a quality audit § Professional skepticism means: · Not accepting the evidence you have gathered at face value· Continuing to pursue all avenues of inquiry on the topic at hand

Posted in Audit | 1 comments | 161505 Views

5 EASY STEPS OF AIR

HARANATH 26 January 2008 at 12:34

5 easy steps to AIRThe data structure (file format) in which the AIR is to be prepared is given below: Data Structure (File format)Prepare AIR in accordance with the file format in clean text ASCII format. AIR can be prepared using in-house software

Posted in Income Tax | 4689 Views

OVERVIEW - AIR

HARANATH 26 January 2008 at 12:22

ANNUAL INFORMATION RETURN (AIR) Annual Information Return (AIR) of 'high value financial transactions' is required to be furnished under section 285BA of the Income-tax Act, 1961 by 'specified persons' in respect of 'specified transactions' registere

Posted in Income Tax | 4026 Views