CAclubindia Articles

Widening of the scope of power of Transfer Pricing Officer in context of Section 92CA of the Income Tax Act, 1961 - An Analogous study

Posted by Ravi Kapoor 13 July 2013 16093 Views

Widening of the scope of power of Transfer Pricing Officer in context of Section 92CA of the Income Tax Act, 1961 An Analogous study In the last few years the Government of India has taken many steps in order to strengthen the Transfer Prici

Top Tips for a successful interview

Posted by Pankaj Gupta 11 July 2013 75936 Views

This article is mainly meant for CAs and CA students. It includes the learning that I got from the best faculties of ICAI, during my GMCS training. In todays scenario, CAs are getting tough competitions

A guide to interaction with Tax departments

Posted by Madhukar N Hiregange 11 July 2013 16858 Views

Introduction: Though the law and procedures under both service tax and central excise are made user friendly, assessee are still finding difficulties in interaction with the department officials. This may be because of lack of awareness of related

A financial check list before you buy your Dream Home

Posted by Ramalingam K 10 July 2013 14082 Views

The HOME, DREAM HOME is a sentimental objective of every individual those started their carrier in the recent past. It gives the immense pleasure of significant achievement in their life time. Hence everyone is diverting their sizeab

Rent and Building Value

Posted by Mohammed Ibrahim 10 July 2013 24960 Views

If a property produces a net income of INR 3,00,000 per annum and a purchaser desires 5 percent return on his capital, he will pay INR 3,00,000 x 100/5 = 60,00,000/- maximum for that property. 100/5 = 20 is a multiplier. The

CBDT rescinds Transfer pricing circular

Posted by Rahul Chilal 10 July 2013 10347 Views

History: CBDT had issued 2 circulars on 26th March 2013 relating to the selection of transfer pricing method to be adopted by Tax authorities for determination of Arms Length Price in case of research & Development units of MNCs lo

Landmark ruling on Section 271(1)(c) by Karnataka High court

Posted by Rupesh Srivastava 10 July 2013 27833 Views

(2013) TaxCorp(LJ) 1412 (HC-KARNATKATA) S. 271(1)(c) - Merely because the assessee accepted addition or deletion and did not challenge the assessment order by way of appeal, it cannot be concluded that such addition or deletion amounts to concealmen

West Bengal Entry Tax Act as Unconstitutional

Posted by Ritesh Kumar Agarwal 09 July 2013 28582 Views

Background The State of West Bengal, with effect from 01 April 2012, had introduced an Entry Tax on entry of specified goods into the state of West Bengal for sale, use or consumption into the state. In November 2012, the levy was chal

5 Things You Must Know About Tax Audit

Posted by CA. Brijesh Baranwal 09 July 2013 30231 Views

1. As per the provisions of section 44AB of the Income Tax Act, 1961, every person carrying a business whose turnover exceeds Rs. 1 Crore or carrying a profession whose receipts exceeds Rs. 25 Lacs in the finan

Issuing C form is statutory obligation of buyer, can be enforced by a writ petition in the High Court

Posted by Amit Bajaj 09 July 2013 12918 Views

Many a times I receive queries on a common problem faced by many dealers all over India that what to do when the interstate purchaser of goods refuses or doesnot issue the requisite C forms after purchasing the goods at concessional rate of CST @ 2%