CAclubindia Articles

Widening of the scope of power of Transfer Pricing Officer in context of Section 92CA of the Income Tax Act, 1961 - An Analogous study

Ravi Kapoor 13 July 2013 at 12:04

Widening of the scope of power of Transfer Pricing Officer in context of Section 92CA of the Income Tax Act, 1961 An Analogous study In the last few years the Government of India has taken many steps in order to strengthen the Transfer Prici

Working Capital: Concepts & Its Management Part-2

Member (Account Deleted) 11 July 2013 at 12:39

Now our second Question comes into picture which is How to finance the Working Capital For this it is important for us to know that there are further two categories of Working Capital on the basis of Time 1. Perma

Top Tips for a successful interview

Pankaj Gupta 11 July 2013 at 12:39

This article is mainly meant for CAs and CA students. It includes the learning that I got from the best faculties of ICAI, during my GMCS training. In todays scenario, CAs are getting tough competitions

A guide to interaction with Tax departments

Madhukar N Hiregange 11 July 2013 at 12:39

Introduction: Though the law and procedures under both service tax and central excise are made user friendly, assessee are still finding difficulties in interaction with the department officials. This may be because of lack of awareness of related

A financial check list before you buy your Dream Home

Ramalingam K 10 July 2013 at 13:40

The HOME, DREAM HOME is a sentimental objective of every individual those started their carrier in the recent past. It gives the immense pleasure of significant achievement in their life time. Hence everyone is diverting their sizeab

Rent and Building Value

Mohammed Ibrahim 10 July 2013 at 13:39

If a property produces a net income of INR 3,00,000 per annum and a purchaser desires 5 percent return on his capital, he will pay INR 3,00,000 x 100/5 = 60,00,000/- maximum for that property. 100/5 = 20 is a multiplier. The

CBDT rescinds Transfer pricing circular

Rahul Chilal 10 July 2013 at 13:39

History: CBDT had issued 2 circulars on 26th March 2013 relating to the selection of transfer pricing method to be adopted by Tax authorities for determination of Arms Length Price in case of research & Development units of MNCs lo

Landmark ruling on Section 271(1)(c) by Karnataka High court

Rupesh Srivastava 10 July 2013 at 13:39

(2013) TaxCorp(LJ) 1412 (HC-KARNATKATA) S. 271(1)(c) - Merely because the assessee accepted addition or deletion and did not challenge the assessment order by way of appeal, it cannot be concluded that such addition or deletion amounts to concealmen

West Bengal Entry Tax Act as Unconstitutional

Ritesh Kumar Agarwal 09 July 2013 at 13:38

Background The State of West Bengal, with effect from 01 April 2012, had introduced an Entry Tax on entry of specified goods into the state of West Bengal for sale, use or consumption into the state. In November 2012, the levy was chal

5 Things You Must Know About Tax Audit

CA. Brijesh Baranwal 09 July 2013 at 13:38

1. As per the provisions of section 44AB of the Income Tax Act, 1961, every person carrying a business whose turnover exceeds Rs. 1 Crore or carrying a profession whose receipts exceeds Rs. 25 Lacs in the finan