CAclubindia Articles

Old Schedule VI vs Revised Schedule VI - Related issues

Posted by G S Rao 27 February 2012 77128 Views

Old Schedule VI Vs Revised Schedule VI Related issues Introduction: Section 211 provides that every balance sheet of a company shall give a true and fair view of the state of affairs of the company as at the end of the financial year and

Future of Form 26AS

Posted by Vignesh Killur

27 February 2012 17594 Views

Hi Everyone! What will FORM 26AS appear like in Future? At Present it is a TAX CREDIT STATEMENT meaning it displays the taxes paid by us like Advance Tax, Self Assessment Tax and Particulars of TDS made by others on our behalf. But what if it was

Why we should file the return? If salary is less than 5 Lakh

Posted by Abhishek Ranjan Singh 27 February 2012 86205 Views

Why we should file the return? if CBDT exempts return-filing for salaried having total income upto Rs 5 Lakh. IN MY OPINION IT IS ALWAYS BETTER TO FILE THE RETURN Some reasons:- 1.The tax department has notified that individuals with salary

Understanding LLPs Better

Posted by Tony John 27 February 2012 8708 Views

The Limited Liability Partnership (LLP) is viewed as an alternative corporate business vehicle that provides the benefits of limited liability but allows its members the flexibility of organizing their internal structure as a partnership based on

Suggestions to control black money

Posted by ramesh 26 February 2012 33254 Views

How to control black money:- 1. Ensure that even petty shop people deposit their cash sales in to a bank account (account opening should be simple & easier) 2. Integrate sub registrar office, sales tax and service tax departme

Tax Invoice defined in Value Added Tax Act

Posted by Third Eye Advisory 26 February 2012 50152 Views

Tax Invoice Section 86 One of distinguishing features of VAT Act is the provision for Tax Invoice. There can be two types of sale invoice; Tax Invoice and other than Tax Invoice; i.e., bills, normal in

Reconciliation in professional life

Posted by CA PARAS BAFNA 26 February 2012 10702 Views

BRS ( BRS is used for Bank Reconciliation Statement. However; see how CAs utilize this concept in their professional life ). Scene 1. . Seminar on Bank Audit ( Lunch-Break ). . Mr. Sen and Mr. Jain : Two practising CAs. M

New tax slabs expected in Budget 2012 by CA Sudhir Halakhandi

Posted by CA Sudhir Halakhandi 25 February 2012 21729 Views

The most interesting part of the Budget-2012 is going to be the Limit for Individual Taxation and there is a hope for individual Taxpayers to get a very good response in this respect from the Finance Minister Mr. Pranab Mukharjee. This aspect of the

Exemption from Filing Income Tax Return

Posted by Kapil Dev Sanghai 24 February 2012 24611 Views

The Central Government has exempted certain class of persons from filing the income tax return subject to following condition: 1. Assessee should be individual 2. Income does not exceed Rs. 5 Lac 3. Income is chargeable under Salaries Intere

Corruption beneficial to professionals?

Posted by CS Nadeem Ahmed Siddique 24 February 2012 8728 Views

Corruption a buzzword in todays society has found its place on every tongue, but is rather bitter in taste. Each day corruption is striking hard on the economy, some social activists are trying to curve the corruption but the fa