CAclubindia Articles

How to Prepare for Theory Subjects - Professional Exams

CA Rajesh Pabari 07 July 2014 at 13:43

Time may change, technology may change, methodology of teaching and training and many other aspects of CA curriculum may change but as far as human brain is concerned, it follows some basic fundamental principles fo

Stay of Demand Certain issues under RVAT Act 2003

PAWAN KUMAR KEDIA 07 July 2014 at 13:43

Brief: Whenever the assessing authorities creates a huge demand against any dealer, the dealer if aggrieved from the order of the assessing authorities prefer an appeal before the Dy. Commissioner Appe

Highlights of Companies (Cost Records and Audit) Rules 2014

CMA Ramesh Krishnan 05 July 2014 at 13:23

Highlights of Companies (Cost records and audit) Rules 2014Introduction: Ministry of Corporate Affairs has notified the Companies (Cost records and audit) Rules 2014 under section 148 & 469 Companies Act 2013 on 30th June 2014. These rules have l

Detailed Analysis- Gifts Taxation under IT Act

caushagarg 05 July 2014 at 13:23

Taxability of Gift under Income Tax Act, 1961As per Income Tax Act, receiver (donee) of gift is charged to taxation u/s 56(2)(vii). The donor of gift is not charged to taxation under this section. However, the below cases is analyzed from the taxatio

Taxation Of Charitable Trust

PRATIK SHAH 05 July 2014 at 13:22

Registration and Taxation of charitable & Religious Trust Preamble:According to one survey in India there is 1 N.G.O per 800 Indian Citizen. We cant find even a single village in India where there is no Religious place. We might not fin

Experts seek a pathbreaking Budget

Nilesh Patel - CPA (USA), IRS 05 July 2014 at 13:22

I. International Tax Foreign Tax Credit Q. 1. Currently Taxpayers are unable to carry forward unutilized (excess) Foreign Tax Credit (FTC) to future years, and set off such unutilized FTC against the tax liability in the succeeding years. Thi

CBEC seeks adherence to judicial discipline in refund cases

Bimal Jain 05 July 2014 at 13:22

CBEC seeks adherence to judicial discipline in the matter of refundsThe Central Board of Excise & Customs (the CBEC) has issued Instruction F. No. 201/01/2014-CX.6 dated June 26, 2014 (the Instruction) for all the Comm

How to check your Income Tax Refund online

CA Chirag Chauhan 04 July 2014 at 11:35

Many people are not aware about that their tax refund status. The Refund status can be easily ascertained online with a few simple and easy steps. The Refund Banker Scheme', which was first introduced by the Income Tax Department in Jan 20

Deductor to be deemed as assesee in deafult only in respect of actual tax liability of Non-Resident

Amit Bajaj 04 July 2014 at 11:35

CBDT in its instruction No. 2/2014 [F No. 500/33/2013-FTD-l], Dated 26-02-2014 issued in view of the judicial develpments in the cases of GE India Technology P Ltd. vs CIT [2010] 7 taxmann.com and Transmission corporation of AP Ltd v. CIT [1999] 105

Deposits & Private Companies- Companies Act, 2013

Satvir Singh 04 July 2014 at 11:35

Loans from shareholders, directors & their relatives has been a major & easy source of finance for many private companies. However, with new Companies Act, 2013 bringing all such loans, except from directors, under the ambit of deposits, all