CAclubindia Articles

Simplification of taxation law vis-a-vis progressive tax legislation

Posted by CA CMA CS Ram Pavan Kumar Melam 07 April 2016 5411 Views

The development of a nation is measured by Gross National Product (GNP) or Per Capital Real Income (PCRI). The above two are the economic indicators used to measure the economic development of a nation. There are non-economic indicators which are of

Understanding of Compliance Query of Income Tax Department

Posted by Abhishek Ranjan Singh 06 April 2016 179463 Views

Income tax department has started sending notices (Compliance Query) to non-filers for the assessment year 2013-14 & onwards & are also using the said information to verify under-reporting of income. The income tax department has been capturing infor

Movies and Income Tax returns, what's the similarity?

Posted by CA Umesh Sharma 06 April 2016 10097 Views

Karneeti Part � 123 Movies and Income Tax returns, what�s the similarity?Arjun (Fictional character): Krishna, what are the changes made in the New Income Tax return forms (ITR forms) from 1st April 2016? Just like new sequels of films ha

Website - An Eye of Compliance in Letter and Spirit

Posted by Varun Kapoor 06 April 2016 5130 Views

In this modern era, people and companies are on the internet for exchanging of information and communication. Website becomes an essential source to carry out the business smoothly. I will talk abo

Changes proposed in Form 15CB & CA - wef 1st Apr 2016

Posted by Dongre Arun 05 April 2016 34037 Views

Wef 1st Apr 2016, the provisions applicable to Income-Tax Rule 37BB read with Sec 195 is amended i.e. issuance of Form 15CB & CA. Following are the key points covered therein.The furnishing of information for payment to a non-resident, not being

Clarification on some issues on excise on jewellery

Posted by CA Darshan 05 April 2016 15671 Views

The scheme of levy and collection of Central Excise duty on articles of Jewellery is as under:(a) The levy and collection of Central Excise Duty is on the manufacture of Jewellery (excluding silver Jewellery, not studded with diamonds, ruby, emerald

Full IDT Revision Notes Applicable for May 2016 Exams

Posted by CA Arpita Tulsyan 05 April 2016 16291 Views

Service Tax Law: (a) Finance Act, 1994: Chapter V & VA of the Finance Act, 1994.(b) Rules on service tax: Rules are made for carrying out the provisions of the Act. The rules can never override the Act. E.g. Services Tax Rules 1994, Service Tax (

Getting funding in LLP is not a good option for start-ups?

Posted by Gaurav 05 April 2016 8375 Views

As per the available trends more and more businesses are now forming LLP which means Limited Liability Partnership. This form of business would help you enjoy lots of flexibilities. This form of business has come into existence since a few years, bef

A Woman Director - Sea Change or She Change

Posted by CA. Chikkerur C R 04 April 2016 10121 Views

"Yatra naryastu pujyante ramante tatra devata" - Meaning, where women are worshiped, there the Gods rejoice. Though not directly about empowerment, it is very relevant because it goes on to say "wherever they are not, everything you