CAclubindia Articles

Income Tax on Buyback of Shares

sudhir.kochhar 31 December 2013 at 13:33

What do you mean by Buy Back of shares?ANSWER: Concept of Buy-Back of SharesThe concept of buy-back is a recent one so far as India is concerned. The Companies Amendment Act, 1999 introduced the concept of buy-back of shares.Buy-back of share

Karniti Part-17: Let's review major 13 tax & law events of 2013

CA Umesh Sharma 30 December 2013 at 11:31

Lets review 13 major developments in Tax & other laws of 2013Arjuna (fictional character): Krishna, Year 2013 is coming to end and New Year 2014 will begin soon. Time passes so quickly! While discussing various issues on tax laws, we did n

Form C under central Sales Tax Act 1956

CA Chandra Kishore Bajpai 30 December 2013 at 11:31

In my last article Sale/Purchase--Intra State Vs Inter-State I made an effort to understand the concept of Inter-State Sale/purchase under Central sales Tax Act, 1956 (CST). State Government cannot levy the tax on inter-State Transactio

Stability of Laws is not undesirable

CA Anil Garg 28 December 2013 at 16:37

If there were to an international survey on stability of tax laws or the absence of it, India should undoubtedly be at the top in absence of it. Governments, both state and centre, work overtime to churn out amendments and new circulars/notifications

Different types of Accounts in Banks

CA Gyati Gupta 27 December 2013 at 13:02

Hello everyone, This is Gyati Gupta, fresher in CA Final.This is my first article on this site ,the idea to write a quality article cropped up in my mind quiet a few weeks ago but I was confused about the topic I should choose. Though most of you

10 Qualities of Sachin Tendulkar That Can Make Your Professional Career / Studies Flourish

CA Ankit Gulgulia (Jain) 27 December 2013 at 13:02

I just keep it simple. Watch the ball and play it on merit. Sachin Tendulkar I hated every minute of training, but I said, 'Don't quit. Suffer now and live the rest of your life as a champion.' Muhammad Ali Having my morni

Effect of Current State Elections' on Indian Economy - A summary

Madhusudan Mishra 26 December 2013 at 12:51

In this reading, we make an effort to analyse the direct effect of the current and the upcoming elections in India on the Indian Economy & Indian Stock Exchange in brief. The study also includes the effect of the above on the Indian Rupee in comp

Why not print Unlimited Money? - Part II

Rohit Jain 26 December 2013 at 12:50

Why not print unlimited money PART I - http://www.caclubindia.com/articles/why-not-print-unlimited-money-why-is-it-impossible--19157.aspNow that we are familiar with some concepts of money printing , lets take some ancillary concepts in consideration

RBI cautions users of Virtual Currencies against Risks

Sunny 26 December 2013 at 12:50

The Reserve Bank of India has today cautioned the users, holders and traders of Virtual currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing the

Short and Simple Wealth Tax

CA Pallav Singhania 26 December 2013 at 12:48

CHARGEABILITY (SECTION 3) Wealth tax is charged for every assessment year in respect of net wealth of the corresponding valuation date of every individual, HUF and company, at the rate of 1% on the amount by which the net wealth exceeds Rs. 30,00,0