CAclubindia Articles

C form must be abolished immediately

CA Anil Garg 30 August 2010 at 11:57

Under the Central Sales Tax law, C form is required to avail concessional rate of tax. Till recently, full rate of tax was 10% and concessional rate was 4%. Today, the full rate is 4% and concessional rate is 2%. For most business transactions, co

Midcaps: Expensive or attractive?

Equitymaster 30 August 2010 at 11:56

The BSE-Sensex has been trading in the range of 16,000 to 18,000 for almost a year now. It is only in the past few trading session that it has managed to stay above the 18,000 mark. However, purely going by valuations, the general consensus is that

IFRS in Insurance Industry

PS Prabhakar 30 August 2010 at 11:56

ICAI routinely releases Exposure Drafts on the proposed Accounting standards and of late have begun to release IFRS compliant ASs. Recently, the Exp Draft of AS 39 was released for comments. I wrote the following letter to ASB, which I thought I sho

How to Plan Taxes in India- Income Tax, Service Tax, Excise

Member (Account Deleted) 30 August 2010 at 11:53

Commandments of Tax Planning 1. Execution of Tax Planning: Execution of Tax planning should be such that the proposal should be applied with good conceptual knowledge of the facts. Tax Planning principles must be sound and also due care sh

Search Seizure etc. simplified

Member (Account Deleted) 30 August 2010 at 11:53

SEARCH, SEIZURE AND SURVEY SIMPLIFIED Search and Seizure are the burning topics in current Tax scenario. It seems that North Block is completing its direct as well as indirect tax targets through this amour of ‘SEARCH & SEIZURE’. A

IFRS and Transfer Pricing as per Income Tax Act, 1961

CA S.SAIRAM 27 August 2010 at 15:37

IFRS and Transfer Pricing as per Income Tax Act, 1961 The bundle of IFRS that we have in the pipeline is no kith and kin for the existing Transfer Pricing concepts. IFRS dwells predominantly on the ‘Fair Value’ concept. Majority of these

Strategic Management- Environmental Scanning

Madhura 27 August 2010 at 13:44

Environmental Scanning Strategic Management is a systematic process of achieving desired objectives of an organization by proper allocation of its resources.

Target Plus Scheme - Broad Nexus

MONISH BHALLA 27 August 2010 at 12:42

The Target Plus Scheme (TPS) was introduced in the Foreign Trade Policy 2004-2009. The details of the scheme are enumerated under Para 3.7 of the Foreign Trade Policy and Para 3.2 of the Hand Book of Procedure and also in theNotification No. 32/20

Govt defines service tax on donation or aid

MONISH BHALLA 26 August 2010 at 16:19

Education, coaching and training have become an expensive affair and many children from the poor families can't afford it. The lack of education and training leads to unemployment and if any organisation is imparting coaching and training to e

Development of IT infrastructure must before GST

Amit Bajaj 25 August 2010 at 11:50

Goods and Service tax (GST) is the most talked about topic in the field of indirect taxation today in India. Everybody is keenly waiting for the proposed GST draft which will replace the existing system of VAT in India. The central government wants t