CAclubindia Articles

Alimony and Tax Implications

Manish Negi 28 December 2012 at 11:59

Meaning of Alimony Alimony or maintenance is a U.S. term signifying a legal obligation to provide financial support to one's spouse from the other spouse after marital separation or

What is Salary | How to Calculate TDS on Salary

@VaibhavJ 27 December 2012 at 11:33

TDS on salary is computed on Salary under section 192. TDS on salary is computed on the estimated annual salary of the employee at the rates in force in the FY

Master Circular on Audit System issued by Government

gokul rathi 27 December 2012 at 11:32

We are aware that every year, on 1st July, the Reserve Bank of India comes out with Master Circulars on various subjects which consolidate all the instructions on the subject issued throughout the year. 102 such Master Circulars have been issued b

Clubbing of Income: An essential part of Tax Filing

Garvit Dave 27 December 2012 at 11:31

Now that we know the scenarios which lead to clubbing of income, we could efficiently work around this very premise to save taxes. There is a fine line of difference between tax saving and tax evasion, spilling over from one to another could mean

Beware! Mis-selling Season Ahead!

Prof. Bajaj 27 December 2012 at 11:31

After coming back from his vacation, Sidhesh Tulange, a 33 year old Software consultant, logged into his office computer to make the first statement, Oh No !! I forgot to submit this before going to vacation. The HR department has re

The Burning Desire- Part II - The world of IPCC

CA Mihir Kulkarni 27 December 2012 at 11:31

The world of IPCC Hello Friends, Its been nice to meet you again. I was thinking about the second difficult level of ICAI exams i.e. IPCC, and the various problems faced by CA students during the course. It is o

Do You Need Financial Planning?

Ramalingam K 26 December 2012 at 12:38

Let's answer this important question: Most of us think that financial planning is only for the very rich or poor. There are others who think that people need to plan only when they grow old as they need to save for their retirement and old ag

New Features of New Income Tax Efiling Portal

Nishit Kaushikbhai Anadkat 26 December 2012 at 12:38

NEW FEATURES OF INCOME TAX PORTAL (https://incometaxindiaefiling.gov.in) After Assessee's Login, The Main options are - Dashboard which contains two options viz.To view Returns and Forms.List of Returns submitted showing major i

Key Highlights Companies Bill,2012

sumit bhatia 26 December 2012 at 12:37

Companies Bill,2012 Key Highlights Incorporation of a One Person Company has been permitted. Numbers of permissible members in private company has been raised to 2

Role of Company Secretaries

CS M.Kurtrala Nathan 26 December 2012 at 12:37

Pursuant to section 383A of the companies Act, 1956, companies with a paid-up share capital of Rs. 5 crore or more are legally obliged to appoint a whole-time Company Secretary who must be a member of the Institute of Co