CAclubindia Articles

Income Tax Amendment for the Assessment Year 2014-15

vikram sharma 09 August 2013 at 13:02

Highlights of Change in Direct Taxes in the Union Budget 2013 1. Rate of Income Tax for Individual a) Slab Rate Assessment Year 2014-15 (Financial Year 2013-14) Assessment Year 2013-14 (Financial Year 2012-13)

Service Tax Amendment - 2013

vikram sharma 09 August 2013 at 13:02

Speech of Finance Minister in Lower House (i.e., in Lok sabha) on Service Tax in respect of non filing of Service Tax Return cited below: While there are nearly 17,00,000 registered assessees under service tax, only about 7,00,000 file ret

Reimbursement of expenses not chargeable to Service Tax

Bimal Jain 08 August 2013 at 17:16

Dear Professional Colleague, Reimbursement of expenses not to form part of taxable value for Service Tax We are sharing with you an important judgement of the Honble Madras High Court in the case of Commissioner of Service Tax Vs. M/s. Sang

Time, with the eyes of an investor

CA Prashant Gupta 07 August 2013 at 13:07

Time, with the eyes of an investor If you are working in finance, then you must have heard about ROI (Return on investment). This is the term we use to know how we are earning on our investment and as all good investor we want our ROI to be highest.

Is Collateral Security necessary for bank loans?

T.R.Radhakrishnan 07 August 2013 at 13:07

The concept of Social control in the field of banking sector was introduced by the Government of India for the first time in 1967 and with that in view, t..

Corporate Finance Profession

Hari Iyer CA, MBA, CISA, FCPA 07 August 2013 at 13:07

Thinking of becoming a Corporate Finance Professional? Are you aspiring to become a Corporate Finance Specialist professional but not sure what the future holds? If so, you need to understand some key difference between the regulation in India and o

Basics of Documentation for Advances in Bank

CA Satish Badve 07 August 2013 at 13:06

The documentation applicable for particular type of advances are either given in the Advance Manual of a particular bank or in the circular for specific type of advances, however, the main framework for documentation is as per the advances manual of

MCA issues notices for non-compliance with Cost Audit

CMA Navneet Kr Jain 07 August 2013 at 12:57

MCA has started issuing notices for non-compliance with cost audit provisions By CMA Navneet Kumar Jain FCMA, MBA, LL.B., M.COM., PGDTL, LIII., AIIISLA It is natural for the corporates to go soft on the compliance provisions with regard to any of

Taking up a career as a Company Secretary

Manjit Banga 05 August 2013 at 07:40

A qualified CS can either be employed by a company or can start his/her own practice. A company secretary starting his/her own practice requires a Certificate from The Institute of Company Secretary India (ICSI). Students who manage to complete the

No books, no penalty u/s 271B

Tony John 05 August 2013 at 07:40

I would like to discuss through the article, more on the controversial issue of non imposition of penalty under Section 271A and 271B if no books of accounts are prescribed under section 44AA with a recent case law. Before we go deep into the topic