CAclubindia Articles

Amendment in proviso- textile

Posted by Pradeep Jain 25 July 2015 10216 Views

TRIPLE THE AMENDMENTS, TRIPLE THE HASSLE, NOW ALL IS WELL Introduction“Proviso”: when it is added to an exemption notification, brings out some conditions on fulfillment of which the benefit of notification will be allowed. Therefore, as

What is GST and its benefits?

Posted by CA MOHIT SINGHAL 25 July 2015 24571 Views

Introduction:GST stands for �Goods and Services Tax�, and aimed at creating a single, unified market that will benefit both corporates and the economy. It is an indirect tax that will lead to the abolition of all other taxes such as octro

All about IT Form 16 for salaried employee

Posted by CA SONIYA AGARWAL 24 July 2015 18525 Views

What is Form 16:- If you are salaried employee in an organization, then you will get the salary after deducting tax by the employer. Therefore Form 16 is a certificate issued to you by your employer stating the Personal details of the Employee includ

Hidden features of fixed deposit account

Posted by Sanyam Jain 24 July 2015 15670 Views

Banks are on spree of cutting down interest rates and this is the best time to lock in your funds at higher interest rates before it slips down more. Usually fixed deposit investment is one of the most transparent investment options, even an adolesce

CBEC issues guidelines for detailed scrutiny of Excise Returns

Posted by Bimal Jain 24 July 2015 21229 Views

CBEC issues guidelines for detailed scrutiny of Excise ReturnsBackground:The Central Board of Excise and Customs (�CBEC� or �the Board�) vide Circular No. 185/4/2015-ST dated June 30, 2015 had laid

Exam preparation points for November 2015

Posted by Ankur Garg 24 July 2015 72511 Views

Dear CA Aspirants, Please find below some suggestions for November 2015 CA Examination preparation. Below mentioned suggestions are quite general in nature and act as a checklist for Exam preparation. This write up is in the nature of reminder for st

Points to be considered by a taxpayer before filing an ITR

Posted by CA ANKIT GUPTA 24 July 2015 16102 Views

1. Due Date of Filing of Income Tax Return is proposed to be extended to 31 August �2015 in respect of Assessment Year 2015-2016. 2.The maximum amount of deduction available under Chapter VI A has been extended from Rs.1,00,000 to Rs.1,50,000

Right to litigate must be replaced with right to justice

Posted by CA Anil Garg 24 July 2015 9254 Views

Our legal system is one of the most inefficient in the world is not a secret, with bottom ranking on contract enforceability in ease of doing business index. Even CJIs have been record predicting complete breakdown of our legal system since time imme

TDS on Interest other than Interest on Securities 194A

Posted by CMA Poornima Madhava 23 July 2015 17002 Views

Any person (not being an individual/HUF*), responsible for paying to a resident any income by way of interest other than interest on securities, is responsible to deduct tax at source and deposit the same to the Government Treasury within the time st

Fate of GST bill in Rajya Sabha

Posted by Bimal Jain 23 July 2015 9325 Views

Fate of GST Bill in Rajya Sabha: Clouds of dissonance on the ongoing Monsoon sessionThe much talked about Goods and Services tax (�GST�) Regime has been creating a buzz amongst all, eagerly waiting for the monsoon session of the Parliamen