CAclubindia Articles

Depreciation - an interesting aspect

Pavan Jain S 08 March 2010 at 11:18

Depreciation – a non cash expenditure allowed under Income Tax Act, 1961 following block concept. Under the block concept, all the assets falling within the same class and subject to same rate of depreciation are clubbed together and considere

KVAT Amendments

Pavan Jain S 08 March 2010 at 11:16

Major Changes in Karnataka Value Added Tax Act, 2003 effective from April 1, 2010: · VAT exemption on paddy, rice, wheat, pulses and products of rice and wheat extended for one more year from 1.4.2010. · Tax on M

Implication Budget 2010 on Business Income

CA Pramod Jain 08 March 2010 at 11:15

Tax Rates Tax rate for firms, LLP and companies remain the same as per last year's budget. • However surcharge in the case of domestic company gets reduced from existing 10% to 7.50% for the Financial Year 2010-2011. &bu

Arbitration Mechanism - corporate disputes?

Durga Rao 08 March 2010 at 11:15

Unless there is an express bar under law and when there is an arbitration agreement either express or implied, a dispute between or among the parties can be referred to an Arbitrator or panel of Arbitrators as specifically agreed to. As everybody kn

Post Budget - CA Sudhir Halakhandi

CA Sudhir Halakhandi 08 March 2010 at 11:15

BUDGET-2010 AN OVERVIEW OF IMPORTANT DIRECT TAX PROPOSALS- CA SUDHIR HALAKHANDI The union finance Minister Mr. Pranab Mukharjee has presented

Dividend Stripping u/s 94(7) of Income Tax Act

CA. Rishabh Mittal 08 March 2010 at 11:14

Dividend Stripping - Section 94(7) Suppose Record Date for Dividend / Income - 31.01.2010 Acquisition of Shares / Units of MF – Within 3 months prior to the record date (01.11.2009 till 31.01.2010) Sale or Transfer of ·

Easy Way to crack the CA course..Some Tips

CA.ViVeK M ACA 08 March 2010 at 11:14

We can focus on how to win your CA course.The first basic factors towards this direction is a positive attitud

Inflation Shadow is a part of Higher GDP

Indraneel Sen Gupta 08 March 2010 at 11:11

We have been hearing after the budget that increase in the limits of tax slab followed with some other measures which will result to increase the flow of funds on the street will spook inflation. It has now become caller tune of Ind

Chinese New Weapon: Currency

Indraneel Sen Gupta 08 March 2010 at 11:11

China has been the prime leader of 2009 in economic recovery competition. The stimulus package has helped china to have a GDP growth rte of 10% beyond the forecast of any economist across the world. China apart from stimulus package the u

Deemed Dividend - detailed analysis

Pavan Jain S 05 March 2010 at 12:17

Deemed Dividend Deeming fiction - a fiction resorted to by parliament for defying the law of literal interpretation. Whether it be Central Excise Act, 1944 [concept of deemed manufacture u/s 2(f)(iii)] or Income Tax Act, 1961 [concept of deemed divid