CAclubindia Articles

MAT Credit: Understanding & Accounting for Minimum Alternate Tax

Posted by CA Nikita 30 July 2007 7145 Views

Learn about MAT credit, its availability, carry-forward rules, and accounting treatment under AS-22. Understand how to set off MAT credit and present it as an asset.

Perk Value Reduced: 20% to 15% IT Accommodation Changes

Posted by HVNK 30 July 2007 5169 Views

Understand the recent reduction in Perq value from 20% to 15% for company accommodation. Find out how IT departments determine city population for housing benefits.

Concealment Penalty: Understanding Tax Evasion & Penalties

Posted by CA Nikita 29 July 2007 8114 Views

Learn about concealment penalties for inaccurate income particulars. Understand the burden of proof, deliberate acts, and taxpayer rights based on apex court decisions.

Works Contract Clarification: Service Tax Explained

Posted by CA Nikita 29 July 2007 6545 Views

Get clarity on service tax for works contracts. Learn what's included, what's exempt, and when to expect official clarifications.

TDS on Rent: Substance Over Form in Lease Agreements

Posted by CA Nikita 23 July 2007 9903 Views

Understand TDS on rent under Section 194I. Learn how courts look at the substance of transactions, not just labels, in lease agreements.

Overhead Expenses: Allocation & Apportionment Explained

Posted by ANSHUL RASTOGI 14 July 2007 30169 Views

Learn how to allocate and apportion overhead expenses using traditional and modern approaches like ABC. Calculate product costs effectively.

AS-2 vs IAS-2: Inventory Valuation Comparison

Posted by ANSHUL RASTOGI 14 July 2007 13249 Views

Compare AS-2 (Valuation of Inventories) and IAS-2 (Inventories). Understand differences in raw material valuation, NRV reversals, and cost inclusions.

AS-22 vs IAS-12: Key Tax Accounting Differences

Posted by ANSHUL RASTOGI 14 July 2007 31653 Views

Compare AS-22 and IAS-12 to understand key differences in tax accounting. Learn about timing vs temporary differences, recognition rules, and disclosures.

Multidisciplinary Firms: A New Era for Indian CAs

Posted by Late CA Sampat Jain 10 July 2007 64961 Views

Explore how Multidisciplinary Firms (MDFs) empower CAs to partner with other professionals. Learn about the benefits, LLP integration, and key challenges.