CAclubindia Articles

Dividends under Income Tax Act

Posted by Tony John 29 December 2015 46152 Views

Dividend in simple words, refers to the amount paid to shareholder in proportion to the shareholding in the company, out of the total sum so distributed.Let�s look at the meaning of dividend as per Income Tax Act. As per Section 2(22)

How to choose the right term insurance for you?

Posted by Ramalingam K 28 December 2015 11573 Views

Over the last few years, term insurance has been gaining huge amount of popularity. With the insurance companies dropping the premium rates, they have also begun with enormous advertising of these policies. Additionally, companies have come up with t

Method of Accounting of VAT

Posted by Sundararajan S 28 December 2015 31680 Views

Value Added Tax � Method of AccountingS. �Men may come and men may go, but I go on forever� says this Value added tax system amidst the chaos of Goods and Services Tax. This system of VAT was introduced in TamilN

Place of Effective Management - a New concept of determining Tax residency

Posted by CA Ankit mangla 28 December 2015 8231 Views

Place of Effective Management- a New concept of determining Tax residencyIntroductionAs per OECD model Convention, For the purposes of this Convention, the term "resident of a Contracting State" means any person who, under the laws of that

GST- A Revolution in Indirect Tax Law

Posted by CA Rohit kapoor 28 December 2015 14415 Views

Good and Services Tax is the most logical steps towards thecomprehensive indirect tax reform in India since independence. Goods andServices Tax is to be implemented shortly by the Government of India.GST is leviable on every transaction involving sup

Learn Section 139(1) with Santa Clause

Posted by Karan Khatri 28 December 2015 20254 Views

CA Student: Hi Santa, how are things? Got a minute? I�ve got my list here and I�d like to go over it with you if you don�t mind�Santa Clause: Well, I am busy. And besides, have you been good this year?CA Student: Well, see S

Board Committees

Posted by Vinita Verma 26 December 2015 12888 Views

Committees have an important role to play in company governance. A Board can set up committees with particular terms of reference when it needs assistance or when any issue requires more attention. They can be set up for specific purp

Service Tax on Hotel Industry

Posted by Pooja Gupta 26 December 2015 149491 Views

Charges and taxes levied on the foods served in the Restaurant: Service Charges: This is the charges levied by the restaurant as the payment for the services rendered like serving the foods etc. This charge is not levied by the government and is coll

How to be Effective Professionals- Important Vs Urgent

Posted by Madhukar N Hiregange 26 December 2015 19152 Views

Madhukar N HiregangeWe as professionals sometimes wonder why we are not reaching our goals in profession and life. This is inspite of putting in hard work and wanting to do all activities well. This is especially true in growing in career or in prac

What every investor needs to know about Stock Market, Currency market and Commodity Market to make profits?

Posted by Ramalingam K 26 December 2015 10998 Views

Few best kept secrets, you may not know about Stock Market, Currency market and Commodity Market What is the most profitable place to invest? Stock Market or currency market or commodity market�? Confused about which market to invest�?