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CAclubindia Articles


Who is Responsible for TDS on sale of shares by NRI's

Posted by CA. Anuj Gupta 08 August 2011 14903 Views

Q.We are an Indian Company and our 5% equity is held by an NRI .Under an scheme of buyback of equity shares announced by our Company, the said NRI has offered all his equity for buyback. The said shares were acquired by him in convertible foreign ex



Take care and make your life easier - CA's

Posted by CS RAJESH C.CHOUDHARY 08 August 2011 20234 Views

- At early age if the person manage to have his own residence house. He would prefer to go for that first. It will not only give the benefit of tax, but vis--vis offers security in life. He would also think of the following option available



Concept of Advance tax

Posted by CMA Ramesh Krishnan 08 August 2011 101902 Views

Concept of Advance tax Introduction: According to sections 208 of the Income tax Act 1961, tax shall payab



When the going gets tough, the smart guys cook the books

Posted by ANANDH SUNDAR 08 August 2011 10700 Views

When the going gets tough, the smart guys cook the books-examples of Jet and Kingfisher Warren Buffet famously said that an investor should have shot down the first aircraft that the Orwells flew, so that future investors would not have seen value



Why Do We Make Things So Difficult?

Posted by Krish 06 August 2011 25673 Views

Why Do We Make Things So Difficult? Why does it happen, so often? When I think that I will start wake up early morning from tomorrow but I dont able to follow the same, while at the examination time I dont make commitments and I w



Accounting by Real Estate Developers

Posted by CA Sachin D Jain 06 August 2011 41484 Views

The total Cost can be divided under the following Cost Centers: Project Cost Centre (PCC) Specific Costs Head Office Cost Center (HOCC) Common Costs and Administration and Selling Costs



Piece of Advice

Posted by Archana Das 05 August 2011 11801 Views

As we have 4 days to go for the ipcc/pcc resuts everyone must be worrying sick about it here are few tips as to how to overcome the fear,tension etc within you: 1) Be positive We must take baby steps to get this attitude of being positive...dont hur



Inventories defined and Rule 3 (5B) of CCR

Posted by Manoj Pala 05 August 2011 14373 Views

INVENTORIES defined and read in terms of Rule 3 (5B) of CCR; Inventories are assets (current assets) which encompass a) RAW MATERIALS held for use in the production process or in rendering of services b) Stores, maintenance suppli



Late Fee and Penalty for delayed filing of ST-3 Returns

Posted by Kaustubh Ram Karandikar 05 August 2011 331418 Views

Late Fee As per provisions contained in Section 70 of the Finance Act, 1994, a person liable to pay Service tax



Minor / Minority and capacity to contract - An analysis

Posted by Alok Rudra 04 August 2011 4772911 Views

Under Section 11, a minor is a person who has not attained the age of 18 years. The age of the majority of a person is regulated by Section 3 of the Indian Majority Act, 1857.




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