CAclubindia Articles

Passing of Board Resolution by Circulation [Section 289]

Posted by CMA. CS. Sanjay Gupta 04 July 2012 84146 Views

No resolution shall be deemed to have been duly passed by the Board or by a committee thereof by circulation, unless the resolution has been circulated in draft, together with the necessar

Draft Guidelines for upcoming GAAR provisions

Posted by Niraj K Shah 03 July 2012 14543 Views

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

Posted by T.R.Radhakrishnan 03 July 2012 15663 Views

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

Posted by CA Prashant Gupta 03 July 2012 192585 Views

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

Posted by Amit Bajaj 03 July 2012 31146 Views

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

Posted by *RENU SINGH * 03 July 2012 11654 Views

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

Posted by Manish Kumar Agarwal 02 July 2012 94424 Views

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

Posted by Pooja Kapoor 02 July 2012 24793 Views

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"?

Posted by Priyavarshini Jagannathan 02 July 2012 22319 Views

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

Posted by Amita jhunjhunwala 30 June 2012 152120 Views

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