CAclubindia Articles

Art of interpreting law to one's own advantage

MONISH BHALLA 24 September 2010 at 13:39

Correct interpretation of a law is one of the keys to resolve the litigations, but it is easier said than done. The service providers as well as the department are constantly trying and interpreting the statute as it suits them. The main object mus

Adjournment of Annual General Meeting--A Write-up

Ankur Garg 24 September 2010 at 13:39

Dear Members, Please find below a brief write-up on adjournment of Annual General Meeting for you

Supply of Software: Sale or Service

MONISH BHALLA 24 September 2010 at 13:38

Software consists of carrier medium such as CD, Floppy and coded data. Softwares are categorized as standardized software or canned software and specific software or customized software. Standardized software or Canned software is mass market

Be aware that your good work may not be appreciated?

Durga Rao 24 September 2010 at 13:37

I think that I am again bothering my dear students with my small write-up.But, as I strongly believe that the youth are going to change this country and going to take-part in making this country a super power soon, I wanted to tell my students to be

Tips for CPT students

Sunshine 24 September 2010 at 13:31

TIPS FOR CPT STUDENTSHello everyone....i got 6th rank in CPT so i thought i should share some of my tips in each subject to you people nd i would be very glad if they can be useful to you people nd i would be very glad if they can be useful to u in

Income Tax Exemptions are Poor Justification for DTC

CA Anil Garg 22 September 2010 at 13:40

Experts opinions, newspaper editorials and even comments on CA Club website lavishly talk about income tax exemptions to be distorting the tax scene of the country, leading to massive leakage of revenue to the government and ultimately responsibl

Credit Cards : A double side Edged Sword

CMA. Subhash Kumar Jha 18 September 2010 at 12:28

Credit Cards : A double side Edged Sword Credit cards have brought revolutionary changes in our way of thinking for spending. On one hand, its a financial tool due to the convenience of its use, but, on the other hand, it endangers you to fell in a

Taxing art: New rules on point of taxation

MONISH BHALLA 18 September 2010 at 11:04

The Art of taxation is one of the fortes of the finance ministry. It has innovative concepts and ideas of creating tax liabilities even though the service has not been provided at a given point of time. The CBEC has proposed a new rule to be impleme

Deferred Tax asset on Depreciation Loss: a Moot

CA S.SAIRAM 16 September 2010 at 11:56

Deferred Tax asset on Depreciation Loss: a Moot Creation of deferred tax asset in pursuance of accounting standard-22 requires existence of an intriguing situation called ‘Virtual Certainty’ for future taxable profits. ‘Virtual Cer

Annual Tax Statement (Form 26AS)

dhaval 16 September 2010 at 11:56

Annual Tax Statement (Form 26AS) Annual Tax Statement (Form 26AS) is a statement, which is created financial year wise on the basis of TDS/TCS returns filed by the Deductor/Collector and tax deposited in the bank. Form 26AS includes details of