CAclubindia Articles

Income - Tax - Deduction

Rohit Pandey 05 January 2015 at 10:53

INTRODUCTIONOften you find yourself holding your Income in one hand and Taxes in other. Income Tax Deduction is one such aspect which is ignored by large.What if you can replace your taxes with deductions (Income Tax Deductions)? Wouldnt it be

Portfolio Management

CA Arindam Shukla 05 January 2015 at 10:53

INTRODUCTIONGenerally, most people earn a large portion of their total net income through employment income. However, disciplined saving is necessary for after retirement everyday expenditure and under risk of future uncertainty

Input Credit on Capital Goods under Delhi VAT

Kaushik Vinod 05 January 2015 at 10:53

INPUT CREDIT ON CAPITAL GOODS UNDER DELHI VALUE ADDED TAX Tax Credit on Capital goods shall be available in the manner described under Section 9(9) of the DVAT Act, 2004 (hereinafter called the ACT)Definition of Capital Goods:Cap

Provisions of MAT & AMT

Shivashish 03 January 2015 at 11:00

Hello to all colleagues and my dear friends. This is my first article which summarizes the provisions of Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT). The article gives only the theoretical insights along with example for sound underst

Repo rate and Stock Market

Jayant Makkar 03 January 2015 at 11:00

Interest is nothing more than the cost someone pays for the use of someone else's money. Homeowners, credit cards users etc know about this scenario very well. They borrow money from bank and in return they pay interest

Importance of vouching

DHARMENDRA SHARMA 03 January 2015 at 11:00

I have come across many articles assistant and on asking their experience of audit one thing which I found common is that they all hate vouching during audit. For them, Vouching is a boring and monotonous work. But after reading my article, I am sure

Due date for filling Revise TDS Return

Pulkit Gupta 03 January 2015 at 11:00

On filling income tax return, one of the crucial part is to fill the TDS claim during the relevant financial year which should be match with TDS Credit reflects in Form 26AS.On non-matching of TDS claimed with TDS credit reflected in Form 26AS, deman

Constitutional amendment on GST

Kaushik Vinod 03 January 2015 at 11:00

ATTEMPT TO DECODE THE 122ND CONSTITUTIONAL AMENDMENT BILL (GOODS AND SERVICE TAX)BACKGROUNDBefore going into the depth of Constitution of India and its amendments we have to first understand why it needs to be amended to bring the GST Law. The GST La

Analysis of L&T - Service Tax - Impact on Valuation of WCT in residential apartments

Madhukar N Hiregange 03 January 2015 at 10:59

Construction Service / Works Contract- Residential ApartmentsImpact of Larsen & Toubro [ K.Raheja] Judgment.Madhukar N Hiregange Commercial tax is a largest[maximum] contributor of revenue to every State. There were attempts in late 1990s and la

'Wilful default' by the borrowers: Whether needs further stringent norms?

CS ( Dr.) Rajeev Babel 03 January 2015 at 10:59

1. Introduction: Loans and advances given to borrower becomes non-performing advances (NPA) for a bank, if it ceased to generate income for the bank. This may be for the variety of reasons like, poor credit discipline, Inadequate credit and risk mana