CAclubindia Articles

Service Tax on Educational Institutions

Guest 18 November 2013 at 12:29

Article 21A of The Constitution inserted by The Constitution (Eighty Sixth Amendment) Act, 2002 is notified with effect from April 1, 2010. This Article deals with “Right to Education” and states as under: “The State shall provid

Mutual Funds - What, Why and How?

CA Chiranjiv Kumar 16 November 2013 at 12:06

What are Mutual Funds? Mutual funds are nothing but units of investment, like in shares or debentures, issued by a Mutual fund company. They are professionally managed collective investment vehicle which pools investments to purchase securities. An

Importance of CA Articleship!

Amrit Dalmia 14 November 2013 at 11:30

Someone has rightly said, "One can't learn swimming until one jumps into the water." Such is the importance of Articleship. Its just like another waterbody. Unless a IPCC qualified student throws her/himself into this waterbody, how s/he can dream of

Online filing of the second quarter return FORM DVAT 16

Devinder Jain 14 November 2013 at 11:30

Section 27 requires every dealer to furnish the return in the appropriate Form prescribed under the rules, containing the information and particulars required in

Mutual Funds - Basics you need to know

CA Chiranjiv Kumar 14 November 2013 at 11:30

What are Mutual Funds? Mutual funds are nothing but units of investment, like of shares or debentures, issued by a Mutual fund company. They are professionally managed collective investment vehicle which pools investments to purchase securities. An

"Service" & "Consideration" - Random Thoughts

Madhukar N Hiregange 13 November 2013 at 12:41

Understanding of "Economic Activity" and "Consideration" in Service Tax- Random ThoughtsThe concept of negative list regime is that there should be an economic activity [as differentiated from personal activity] whether carried out free of charge or

House Rent Allowance - A tool of Tax planning for employees

CA Chandra Kishore Bajpai 13 November 2013 at 12:40

House Rent Allowance (HRA) is second component which is found in each pay slip after basic salary. This is the major contributor in tax relief for the employee who reside in rented house during his/her employment.Generally employee submits Rent recei

Interest if dept unjustly hold rightfully earn Cenvat Credit

Bimal Jain 13 November 2013 at 12:40

Dear Professional Colleague, Assessee entitled to interest if the Department unjustly holds rightfully earned Cenvat credit We are sharing with you an important judgement of the Honble Gujarat High Court in the case of Hindustan Coca-Cola Bev

An insight into Corporate Social Responsibility (CSR)

CA Abhishek Malpani 12 November 2013 at 21:56

Corporate Social Responsibility CSR as they are popularly known is after all the human face of business. Conceptually it recognises the solemn duty the business owes to the society. In a way it stands for

Danger But Best Period

CA Chirag 12 November 2013 at 21:55

After having writing articles on How to write in CA Exams and Last Days before CA Exams, I decided to write an article on Danger But Best Period. You might get surprised with the words Danger But Best