CAclubindia Articles

Changes in Tax Returns filing norms - from F.Y. 2012-13

Posted by CA Priyanka Srivastava 10 May 2013 21504 Views

W.E.F. from F.Y. 2012-13, following persons have to file returns electronically: (Vide Notification No. 34/2013, dated 01.05.2013) 1. Every person (not being a company or person filing ITR 7) if Total Income is above Rs. 5 lacs. 2. Resident Indivi

Common Income tax procedures at one place

Posted by Saurabh Maheshwari 09 May 2013 49485 Views

In continuation of my previous article, posted almost 2 months back I am writing once again but I am extremely sorry for such a delay but the same was due to some other commitments.Thanks for wonderful response to the first part of

Deduction u/s pension scheme worthy or not as per income tax

Posted by CA Prashant Gupta 08 May 2013 30044 Views

Any individual can deposit contribution to Notified Pension Scheme by central Government. If person is employed then his contribution will get deduction u/s 80CCD (1) and employer contribution will get deduction u/s 80CCD (2). Any self employed can

Is it worth becoming a Chartered Accountant

Posted by Nimish Goel 08 May 2013 79071 Views

I keep getting so many emails and calls regarding choosing a career option, specifically in relation to chartered accountancy. Obviously, being a CA, I am approached for this profession the most. There

Role of Professional in Deal Negotiations

Posted by CS Shilpi Thapar 07 May 2013 7441 Views

"You dont get what you deserve; you get what you negotiate".- Anonymous In last few months, I got an opportunity to act as go-to-negotiator for my clients for winning Joint Ventures/Consortium deals for them. My role in this as

Evaluating New Business Opportunity

Posted by CA. Ashish Taparia 07 May 2013 12818 Views

Discussion paper on role of a financial analyst in going about evaluating new business opportunity New business proposal could be categorized in two ways: 1. The business proposal is a niche proposal in the market. Or, 2. The business

No Reversal of Cenvat Credit on Input Services U/R 3(5)-CCR

Posted by Bimal Jain 06 May 2013 28228 Views

No Reversal of Cenvat credit on Input Services U/R 3(5) of CCR, 2004 as applicable for reversal of Cenvat credit on inputs or capital goods only We are sharing with you an important judgement of Honble Kolkata CESTAT in the case of M/s Seven

Search Report: A tool for inspection in hands of Banks

Posted by CS MOHIT SALUJA 06 May 2013 12894 Views

SEARCH REPORT (A Basic Tool for Inspection of Companys Records in Hands of Stakeholders Specially Banks) Now a day, Banks are more emphasizing on demanding Search Repots from Limited Companies while opening of Bank Accounts or giving the Lo

An analysis of law, ethics and communication paper

Posted by Tejpal Sheth 06 May 2013 14941 Views

Dear Studetns and IPCC aspirants, For many students Law, ethics and communication paper of May 2013 was nightmare. Question paper was balanced. Paper setter of Institute tried to cover almost all chapters as you will find small or big questions fr

Service Tax Return Filing: A Herculean Task

Posted by Rahul Chilal 03 May 2013 21106 Views

The last date of service Tax return filing for the Quarter July to September was on 30th April. Though previously it was 15th April, it was revised to 30th April. This was the return for the quarter in which many changes took place. Many notificatio