CAclubindia Articles
Draft Guidelines for upcoming GAAR provisions
Draft guidelines regarding implementation of General Anti Avoidance Rules (GAAR) in terms of section 101 of the Income Tax Act, 1961. What is GAAR? GAAR stands for General Anti- Avoidance Rules. In several countries anti tax avoida
Face Challenge and take Initiative
George Bernard Shaw said, Ordinary people adapt themselves to the world. The extra-ordinary persons try to adapt the world to them. Hence the progress and development of the world is through extra-ordinary people.
Rajiv Gandhi equity saving scheme sec 80CCG
Finance Act 2012 has inserted a new section 80 CCG, This will be applicable for the A.Y. 2013-14. Following conditions must be fulfilled to claim this deduction: i. The gross total income of the assessee for the relevant Assessm
Restricted Input tax credit on inter-state stock transfers
Restricted Input tax credit on inter-state stock transfers whether constitutional? Most of the States have legislated provision in their respective VAT Acts for allowing a restricted input tax credit on the goods purchased within State if such goo
Beat the stress
Stress :- Stress is the biggest cause of suicides in the whole world at this time. In china, there are 2lakh of death per year just because of stress . And in India, this figure is 1.90 lakhs , the second highest in the world. And youl
Understanding deductions of section 80-IA & IB
Chapter VIA of the Income Tax Act, 1961 covers only deductions available to assessee under section 80 of the Income tax act, 1961. The assessee by some act as mentioned can reduce its taxable under this provisions. Amongst number of sub-sections of
The need of XBRL
Pooja Kapoor NRO0217151 M: 8437294700 XBRL The Need of XBRL in the Present Era has become curiostic. It is very easy to get the most exotic information by just typing some key words at an internet search engine. Investors, Stakeholders and Ana
CA - "Come Again" or "Certainly Achievable"?
Chartered Accountant - "CA" - The abbreviation actually has turned up the lives of so many people from the dark, and has brought them into the light.! :) But, there still, are a handfull of aspirants who have been stuggling to face the bri
What are the consequences of Non - Filing of Returns
Q. What is Income Tax Return Filing? Ans: Return of Income is nothing but an evidence of the income earned by a person (individual, company, LLP, AOP, BOI, and HUF etc.). It is merely mode
Non- Compliance of TDS might discontinue your business
Opening : The entire economy of the world revolves around one universal statement Somebodys income is somebodys payment. TDS drives it origin from this unive
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