CAclubindia Articles

Tax planning for Expatriates

CA S.SAIRAM 25 June 2010 at 11:08

TAX PLANNING FOR EXPATRIATES: The term ‘Expatriate’ is an undefined word in the Income tax act 1961. However, Non residents will become exigible to Income tax on any income accruing or arising or received in India. Expatriates are of thre

Service Tax on Job Work

deepak K Gujrati 25 June 2010 at 11:04

As per section 65(105)(zzb) of Chapter V of Finance Act 1994 as amended from time to time, taxable service means any service provided or to be provided to a client by any person in relation to business auxiliary service.

L00king Behind (Part Fiction) : (Episode 4)

CA. Dashrath Maheshwari 25 June 2010 at 11:02

LΩΩking Behind (Part Fiction) : (Episode 4)Lets take a lesson from CAs life In continuation of Epis

Insurance Traditional or ULIPs

chandrima das 25 June 2010 at 11:01

Insurance (Traditional or ULIP’s) – An ideal solution provider to risk at every stages of human’s life The ultimate motive behind the launch of each life insurance policies are to provide insurance against the risk of one’s

RBI Circular on Alteration of cheque

CA. GAURANG THAKKAR 25 June 2010 at 10:56

I would like to share latest RBI Circular on Alteration of Cheques. RBI/2009-10/503 DPSS. CO. CHD. No. 2806/04.07.05/2009-10 June 22, 2010 We invite your attention to our circular DPSS.CO.CHD.No. 1832/04.07.05/2009-10 dated February 22, 2010 on th

Income Tax Return

K Karma 24 June 2010 at 12:44

Most of the individuals who earn enough money are generally required to give part of it back to the government, through the usual way of filling out an income tax return. They then send the necessary portion of their income to the government. But it

DTC Revised Discussion Paper - Issues, Concerns & Responses

Rahul Gupta 24 June 2010 at 10:54

On 15.06.2010, CBDT released Revised Discussion Paper on DTC. It covers 11 points on which comments were received after the release of Draft DTC provisions in August 2009. Through this article, I just try to explain the points covered by the Revi

When will the buying opportunity come?

Equitymaster 24 June 2010 at 10:53

Indian investors have to contend with two conflicting set of facts right now. Let us take them one by one. First is the bailout package that the leaders of the developed world used after the global financial meltdown. Basically, the governments ha

Chinese Yuan Appreciation

CA SivaPriya V L Tenneti 24 June 2010 at 10:52

TO BEGIN WITH: On 20th June 2010, China announced that it will take steps to let its currency Yuan appreciate against US dollar ending its fixed rate regime. People’s Bank of China came up with a statement the next day saying that China will no

Service tax wrongly levied on Interest/Finance charges

Seetharaman K C 24 June 2010 at 10:52

It has come to my notice that several banks are charging service tax on interest and finance charges on credit card payments. In certain cases although the nomenclature is clearly mentioned as “Interest” still the bank has charged servic