CAclubindia Articles

Corporate accounting reporting and ethics need for CAs

Posted by Srikanthan 06 July 2012 10639 Views

Corporate accounting and reporting and Ethics Need for Chartered Accountants to introspect Introduction All around us there is this talk of lack of ethics , corruption, inability of a normal Citizen to get justice in time , so on and so for

Valuation & Reverse Charge for Construction Industry

Posted by CA.Manindar Kakarla 05 July 2012 49119 Views

NEW VALUATION & REVERSE CHARGE MECHANISM RELATING TO CONSTRUCTION INDUSTRY INTRODUCTION: We have discussed in my previous article about the changes in the applicability of service tax relating to construction industry. In this article,

Input Tax Credit - Reversal/Reduction

Posted by Devinder Jain 05 July 2012 994197 Views

Some may develop a feeling of renunciation on achieving the age of 60 years, I on attaining the age of 60 years feel thankful to the society for whatever love and affection they have given to me, and think this is the time, I must try, whatever lit

Passing of Board Resolution by Circulation [Section 289]

Posted by CMA. CS. Sanjay Gupta 04 July 2012 84147 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 15666 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 192586 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 11655 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