CAclubindia Articles

Understanding deductions of section 80-IA & IB

Manish Kumar Agarwal 02 July 2012 at 11:34

Chapter VIA of the Income Tax Act, 1961 covers only deductions available to assessee under section 80 of the Income tax act, 1961. The assessee by some act as mentioned can reduce its taxable under this provisions. Amongst number of sub-sections of

What are the consequences of Non - Filing of Returns

Amita jhunjhunwala 30 June 2012 at 15:39

Q. What is Income Tax Return Filing? Ans: Return of Income is nothing but an evidence of the income earned by a person (individual, company, LLP, AOP, BOI, and HUF etc.). It is merely mode

Non- Compliance of TDS might discontinue your business

Amita jhunjhunwala 30 June 2012 at 15:39

Opening : The entire economy of the world revolves around one universal statement Somebodys income is somebodys payment. TDS drives it origin from this unive

Last Date to Appoint Cost Auditor & Penal Provisions

Rahul Jain 28 June 2012 at 11:57

Last date for appointment of Cost Auditor for f/y 2012-13 by the Comanies is 29th June(90 days from start of f/y),before that comany has to pass the board resolution for appointment from auditor and obtain cerificates of independence and arm len

Health and Stress Management

Member (Account Deleted) 27 June 2012 at 13:58

Clouds come floating into my life, not to carry rain or usher storm, but to add color to my sunset sky. ~ Rabindranath Tagore Similarly, work and

Prevention of money laundering Act 2002

*RENU SINGH * 27 June 2012 at 11:51

Money Laundering Money laundering is the processing of criminal proceeds to disguise its illegal origin. Money laundering has 3 main parts: 1. Placement :- where larger amounts of money broken into small amounts 2. Layering :- Movements of fund

Stock Options - Measurement, Accounting & Disclosure

Sanjay Chauhan (IFRS) 26 June 2012 at 17:43

A. Stock Options Stock Options are getting more prevalent as part of compensation package in many entities in India especially MNCs that are listed on Stock Exchanges in India and abroad, either directly or through the stock of its holding Company

Tax Compliance and Planning for Salaried Individuals

Niraj Mahajan 26 June 2012 at 12:49

This issue of the newsletter aims at creating awareness amongst salaried employees about various tax compliance and possible tax planning over the year. We are in the month of June wherein the last financial year (FY) 2011-12 has gotten over and due

Performance of Indian Boards

Sonia Jaspal 26 June 2012 at 11:12

The board of directors have the responsibility for steering the organization in the right direction and guiding the CEO and senior management. However, worldwide they are lambasted for catering to the manifested interest of CEO and senior manageme

Negative List - Impact on Construction Industry

CA.Manindar Kakarla 25 June 2012 at 12:05

Introduction: As you all are aware, Government has proposed to introduce Negative list taxation of services in Finance Budget 2012, it has been notified that this new scheme will come int