Popular Articles

Capital gains exemption u/s 54EC of Income tax Act, 1961

Amit Bajaj 12 March 2012 at 11:00

Section 54EC of Income Tax Act, 1961 provides an option to save tax on capital gain arising from the transfer of long-term capital asset subject to fulfillment of certain conditions. Provisions of section 54EC are being discussed herein below for the be

DERIVATIVES -BASICS TYPES AND USES

jatin 27 September 2007 at 22:13

Roughly about seven years ago NSE , one of the leading stock exchanges in India(other includes BSE) inaugurated the trading in Derivatives .Though there were initial hesitation amongst Indian investors with respect to these supposedly new financial

New Section 44AD - Text and Discussion

Amol Gopal Kabra (CA,CS,DISA) 11 May 2011 at 13:51

An overview of New Section 44AD of the Income Tax Act, 1961 that comes into effect from A.Y. 2011-2012 Section: 44AD Special provision for computing profits and gains of business on presumptive basis. (1) Notwithstanding anything

Resolution for Traces Website Error - Error in establishing connection with traces websocket emsigner

CA Kunal Arora 27 September 2021 at 10:20

Many of us during filing of TDS returns or rectifications on the traces portal have faced the issue as shown in the image.This article will guide you to 100% gu..

Goods Transport Agency And Service Tax

CA. SRIKANTHA RAO T 09 September 2009 at 11:42

GOODS TRANSPORT AGENCY AND SERVICE TAXBy CA. Srikantha Rao T The levy of service tax on the services of transport of goods by road in its present form has been in force with effect 01.01.2005. The scheme calls for payment of service tax on freight

No TDS u/s 194J on Payments for Software Purchase

CA AMIT KUMAR SHARMA 14 July 2021 at 09:26

As Per notification no. 21/2012 dated 13.06.2012 no deduction of tax shall be made on certain payments by a person for the acquisition of software from another person.

The Companies Act, 2013 - Provisions relating to Directors

G S Rao 15 January 2014 at 11:02

Introduction: The Board of Directors is an important body elected by the shareholders which acts as agent of shareholders. The Board is collectively responsible for making policies for good governance and efficient running of the company. The Compani

Tips and Strategies for CA-CPT Exam

Guest 09 August 2012 at 11:46

The CA-CPT exam conducted by the Institute of Chartered Accountants of India (ICAI) declared on July 19, 2012 the result of their exam conducted in June 2012. It is considered one of the toughest competitive exams in India. The total number of candi

How to start your own practice as CA/CS/ICWA

CA SURENDRA KUMAR RAKHECHA 17 January 2012 at 12:20

The question seems like asking a kid of 6 months : TELL me when you will WALK (when he is unable to TALK)!And we enjoy talking with them ! Isnt it ?.The question is not of how he will