CAclubindia Articles

Section 2(47)(v) may hit by change in 53A of the TP Act

Vaiyapuri kannan 11 February 2014 at 11:45

The real impact of the amended provision of the Registration & other Relevant Laws ( Amendment ) Act 2001 on taxation of transfer of capital assets under the circumstances referred to in clause (v )of section 2 ( 47) of the income tax A

Why AS 22 is applied

ESHA AGRAWAL 10 February 2014 at 13:02

My aim of writing this article is to discuss with you all why AS 22 is applied, generally this happens we study the whole AS, solve the questions, but we dont know the crux of it. So friends AS 22 is Accounting for t

Salary TDS - Marginal on Surcharge

T E Gautham 10 February 2014 at 13:01

As per the tax rates applicable for A.Y. 2014-15, if the annual taxable salary goes above Rs 1 crore, a surcharge of 10% on Income Tax is to be added to the Income Tax calculated as per the tax slabs. Consequently, the Total Income Tax calculation sh

Karniti Part 23: Is "LOVE" Tax free?

CA Umesh Sharma 10 February 2014 at 13:01

Arjuna (Fictional character): Krishna, Valentine's Day (14th February) is the festival of love, which is now celebrated worldwide. Love is the essence of life, it holds great importance in the life of a human being. While expressing love and affe

Salary Individual Tax deduction for 2014 Income Tax

CA Chirag Chauhan 10 February 2014 at 13:01

Salary Individual Tax deduction for 2014 as per Income Tax ActSalary Employee faces difficult task in saving tax. Though there are many section under which they can save tax, however not everyone is aware of all the benefits which they can claim. The

Letter of Credit / Documentary Credit

CS M Pota 08 February 2014 at 12:27

Letter of Credit/Documentary Credit Letter of Credit/Documentary Credit is a one of the method of payment through which payment in theinternational as well as domestic market is effected for the goods purchased or service provided. Though there is a

Mauritius Route : A Long Lasting Story

CA Bhavik Mehta 08 February 2014 at 12:26

Mauritius route A Long Lasting Story Mauritius -officially the Republic of Mauritius is an island nation in the Indian Ocean about 2,000 kilometers (1,200 mi) off the southeast coast of the African continent.Since independence in 1968, Maurit

Forex - Basics - Part 2

@*CS Siddharth Bumb. * 07 February 2014 at 11:57

Hello Frends,First I would like to thank to all you members who supported me for my earlier part. Thank you so much friends.Last time we saw few basic concepts of forex like Direct and Indirect Quote, Base and Incidental Currency, two way quotes etc

Simple solution to complications faced by Salaried Assessees

Sahil Jolly 07 February 2014 at 11:51

Well, the scenario I am going to elucidate is not something new or unheard off, however, there are few cautions which are often ignored thereby resulting into complications being faced by Salaried Assessees. Quite some number of times it so happens w

Role of a CA in Implementing an ERP

Bharath Rao 07 February 2014 at 11:51

Role of a CA in Implementing an ERP Business Expansion and Development is a continuous process with every successful Enterprise. In this era of technological growth, we now observe all over the world, a “Big Bang” explosion among the ente