CAclubindia Articles

Calculator Trick - Helping in your academics

Rohit Pandey 12 January 2015 at 10:47

Hi Friends,In CA exams we are allowed to use only a basic calculator and not a scientific one. There are certain problems which we find difficult to solve on calculator. Recently, I came accross a forum message posted by Ms. Nidhi stated as under:Ori

Data Consolidation in Microsoft Excel (Advance Excel)

CA Kumar Mukesh 12 January 2015 at 10:47

DATA CONSOLIDATION IN MICROSOFT EXCELWe all are finance professionals or students of respective professional institute. In which ever field we are workings, no one can afford to be untouchable with Microsoft Excel. In most of cases, more than half o

I'm going to start my studies from tomorrow :)

CA Nayan Gupta 12 January 2015 at 10:46

All of us must have heard or used this term Procrastination innumerable times. So, let us first understand what WikiPedia says about meaning of the term. Wikipedia Meaning- Procrastination is the practice of carrying out less urgent ta

Meaning of Assessed Tax for the purpose of section 234B

CA Harsh Kothari 10 January 2015 at 11:13

Meaning of Assessed Tax for the purpose of section 234B.Introduction: We regularly face situations where we are required to compute interest under section 234B of the Income tax Act, 1961 (Act). Whereas, the present scenario is that thi

Excellence in Excel - Part III

CA ANKUSH AGGARWAL 10 January 2015 at 11:13

How to use VLOOKUP in ExcelOn many request to write an article on VLOOKUP,I tried my best to fulfill the requests. VLOOKUP is a powerful Excel function that allows you to look for a specified value in one column of data in

Exemptions of Service tax for GTA Service

Member (Account Deleted) 10 January 2015 at 11:12

What are the exemptions available on GTA Service on the basis of goods involved in the consignment?As per notification no.25/2012- ST amended from time to time, services provided by way of transportation of f

Applicability of provisions under Co. Act, 2013

CS Divesh Goyal 09 January 2015 at 11:05

1. Applicability of XBRL (Extensible Business Reporting): General Circular No. 16/2012 Dated: 06.07.2014. Vide Companies (Filing of documents and forms in Extensible Business Reporting Language) Rules, 2011 notified vide GSR No. 748E dated 5.10.201

Works contractors are also eligible for advance VAT exemption - P&H High Court

Amit Bajaj 09 January 2015 at 11:05

The Punjab & Haryana High Court in CWP 19835 of 2014 Ayyappa Infra Projects Pvt Ltd vs State of Punjab has directed the State of Punjab to issue clarification to the effect that works contractors are also eligible for exemption from advance VAT

Rent a cab service - Revenue Raising or Litigation Raising

Harsh Gadodia 09 January 2015 at 11:05

A recent amendments made in the Union Budget 2014 in regard to rent a cab service - service tax liability, cenvat credits and reverse charge, not only ignite the confusions that was prevailing already in the industry

Lacuna in section 14A and rule 8D of IT Act 1961

CA HEMANT SHARMA 08 January 2015 at 12:48

Allowance of expenditure incurred in relation to exempted income during the assessment or otherwise would be prejudicial to the revenue thats why Section 14A was introduced by the Finance Act 200