CAclubindia Articles

Deduction of Tax from Salary

jatin kapoor 12 August 2011 at 16:01

SECTION 192 : DEDUCTION OF TAX FROM SALARY SECTION 192(1): Tax to be deducted at average of income-tax The total tax to be deducted, on the estimated income of the employee for the relevant financial year, is divided by the number o

Taxpayer's Call for Freedom.... Are they Hearing?

Preety Parik 12 August 2011 at 16:01

While addressing a large gathering at the concluding ceremony of 150 Years of Income Tax Department at Delhi, Hon President Mrs. Pratibha Patil made few important statements thats needs appreciation, these are:-1. An environment of

Impact of Organization Culture on Internal Controls

Sonia Jaspal 11 August 2011 at 12:14

The COSO defines Internal Control as a process, effected by an entitys board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories: ef

Few points to prepare for CA in Less time

RG - A Helping Hand 11 August 2011 at 11:54

Hi, I have decided to share my reply to expert section regarding how to prepare for CA Final in 2 months: As per my suggestion Preparation for CA Final

Petrolium Income-tax

Selvakumar Selvaraj 11 August 2011 at 11:53

Why dont we introduce Petroleum Income-tax In India? We all know that Petrol costs goes up day by day probably intra-day in future. Everybody is struggling to get p

Downgrade...A Deeper Dark Days for US Economy

Indraneel Sen Gupta 11 August 2011 at 11:53

US economic politicians have simply downgraded the economic strength of US through the on going tussle over the debt ceiling limit hike. Negative sentiments have become the smell over the US FED and on the government hold treasury cakes. The US go

Sale of SIM cards is within the ambit of service tax

RG - A Helping Hand 10 August 2011 at 12:58

Dear All, This is to inform you all that with reference to the decision passed by the Honble Supreme Court of India in the matter of Idea Mobile Communication Ltd. v. Commissioner

Learn from mistakes of a small town IPCC student

CA Himali Gajjar 10 August 2011 at 12:57

Hi guys! I cleared my IPCC GROUP 1 in may 2011 in first attempt. In todays scenario, it may not be a big deal but still, yes, it is a big deal fo

SEZ - A Need for Enterprises

SANYAM ARORA 10 August 2011 at 12:54

A very Good morning to all the member's of CCI family. Today i am here to discuss upon a very vital topic i.e " SEZ - Special Economic Zone " - A Need for Enterprises. I promise you all, i will not use any law language, so that you all

Input Service Credit vis-a-vis Services Debtors Write-off

Manoj Pala 10 August 2011 at 12:53

Reversal of Input Service Credit in case of service Debtors written off in the books of accounts A. Insofar, there is no provision in the CC Rules for reversal of input service credit in case services Debtors are written-off. B. For