CAclubindia Articles

A small note on ER4,ER5, ER6, ER7

Santhosh kumar 03 February 2015 at 10:42

A note on the ER4, ER-5, ER-6, and ER-7 returnsIntroductionER-4, ER-5, ER-6 and ER-7 returns are to be filed by the assessee in addition to the ER-1/ER-3 which is regularly filed by the assessee registered under the Central Excise. However ER-4, ER-5

Aaj ka Robin hood- CSR is it inclusive or exclusive?

Sundharesan Jayamoorthi 03 February 2015 at 10:41

A recent headline in a financial daily “Zuck slams Cook: If you cared, your products would be cheaper”. This statement may sound mean, but can mean that no entrepreneur should play the role of a modern day Robin hood. The entrepreneur sho

Investor overconfidence pitfalls- Leads to sleepless nights

Indraneel Sen Gupta 03 February 2015 at 10:41

The Indian equity markets are currently in the all time high zone and are aggressively discounting every bad news across any part of the economy. Investors are also very confident regarding the investments in these market conditions. I am not going t

Frequently Asked questions on CSR

APARNA.R 03 February 2015 at 10:41

FAQ on Corporate Social responsibility as per Companies Act, 2013:1. Whether salaries paid to regular CSR staff and volunteers can be factored into CSR project cost.Ans: Yes, the above will become a part of CSR expenditure.2. Under what conditions th

Amendments in Point of Taxation Rules

VIGNESH SC BOSE 02 February 2015 at 10:19

IntroductionThe Point of taxation rules were introduced in 2011 and since then, the govt. has made numerous amendments to it. Recent Changes In case of individuals and firms, where the taxable services provided in

CA, CS & CMA: Why do so many students fail?

Kapil Kaushik 02 February 2015 at 10:19

During one of my sessions with a group of students, I was confronted with a very aggressive student. He continued his assault on ICAI, ICSI and ICMAI for the fact that they have the tendency to fail a number of students without any reason. He refused

Second Home: Problematic in Real life as well as in Income Tax?

CA Umesh Sharma 02 February 2015 at 10:18

Karneeti Part 74Second Home: Problematic in Real life as well as in Income Tax?Arjuna (Fictional Character): Krishna, Recently Reserve Bank has reduced the Repo Rate leading to reduction in the Rate of Housing Loan. It may be easier for

Legislative history of filing stock statement as on 31st March of every year under DVAT Act, 2004

Kaushik Vinod 02 February 2015 at 10:18

INTRODUCTION:I shall begin my write-up with the wording of section 70 of DVAT Act which empowers Commissioner DVAT to issue notifications and prescribe v

Investment in fixed deposits - Income tax deduction for Aam Aadmi

CA ANKIT GUPTA 31 January 2015 at 17:15

INVESTMENT IN FIXED DEPOSITS INCOME TAX DEDUCTION FOR AAM AADMIHello readers , Many of the assessees and their advisors which I came across have doubts regarding the claim for deduction under section 80C on Investments in term deposits with sc

An Insight - Mandatory Pre Deposit

CA Prakash Sajnani 31 January 2015 at 11:54

Finance Bill (No.2) 2014 has vide Clause 98 has proposed an amendment in Section 35F of Central Excise Act that the appeal against an Order passed by lower authorities will not be entertained unless the appellant has made a pre-deposit of 7.5 per cen