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Mutual Funds - What, Why and How?

  CA Chiranjiv Kumar    16 November 2013 at 12:06

What are Mutual Funds? Mutual funds are nothing but units of investment, like in shares or debentures, issued by a Mutual fund company. They are professionally managed collective investment vehicle which pools investments to purchase securities. An



Importance of CA Articleship!

  Amrit Dalmia    14 November 2013 at 11:30

Someone has rightly said, "One can't learn swimming until one jumps into the water." Such is the importance of Articleship. Its just like another waterbody. Unless a IPCC qualified student throws her/himself into this waterbody, how s/he can dream of



Online filing of the second quarter return FORM DVAT 16

  Devinder Jain    14 November 2013 at 11:30

Section 27 requires every dealer to furnish the return in the appropriate Form prescribed under the rules, containing the information and particulars required in



Mutual Funds - Basics you need to know

  CA Chiranjiv Kumar    14 November 2013 at 11:30

What are Mutual Funds? Mutual funds are nothing but units of investment, like of shares or debentures, issued by a Mutual fund company. They are professionally managed collective investment vehicle which pools investments to purchase securities. An



"Service" & "Consideration" - Random Thoughts

  Madhukar N Hiregange    13 November 2013 at 12:41

Understanding of "Economic Activity" and "Consideration" in Service Tax- Random ThoughtsThe concept of negative list regime is that there should be an economic activity [as differentiated from personal activity] whether carried out free of charge or



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