CAclubindia Articles

Taxation aspects in case of corporate restructuring

Manikanta Raju CA,CWA,(CS) 04 September 2010 at 12:32

Now a day’s cross border transactions, mergers and acquisitions and amalgamations, demergers have been increasing significantly… Various interested people of diversified profession getting benefited from the above transactions, they are

Audit and fraud

SIVARAM CHOUDHURY 03 September 2010 at 17:01

WHAT IS FRAUD: In simple terms fraud is a mistake with a reason. To explain more Fraud is an activity by a person who does his duty in a wrong way or refrains from doing his duty for some favors i.e. financial, tangible, or anythin

Confusions galore over ongoing works contracts issue

MONISH BHALLA 03 September 2010 at 13:33

'If you cannot convince them, confuse them'. The CBEC seems to be working with this very motto when it comes to works contract service. More than half a dozen big and small clarifications and amendments have been issued since the introduct

My Life as an Article..

Anish Lakshman S 03 September 2010 at 13:32

Dear friends, I have been greatly encouraged by the comments you have given to my first article which has been motivating me to submit more of such articles. As my first article was about the profession, this time I have planned to concentrate a lit

Believe Yourself

CA Suraj Lakhotia 03 September 2010 at 13:32

"Think twice before you take up Chartered Accountancy.. Its a five years commitment.. easy to get in but difficult to get out" these words were told to a student who had just topped the district.. I was just sixteen then.. just a kid. The

Do you know how the 'Central Bank of India' was found?

Durga Rao 03 September 2010 at 13:30

I know that many students in this country aim high despite their family background, financial strength, family commitments and plethora of other disadvantages

Income Tax Saver Fixed Deposits : Must Know Facts

CMA. Subhash Kumar Jha 03 September 2010 at 13:30

Income Tax Saver Fixed Deposits : Must Know Facts During 2005, banks were losing key investments due to thinning popularity of fixed deposits due to frequent reduction in interest rates. The fixed deposits which were giving interest rates up to 1

Highlights in Direct tax code for Salaried Individuals

CMA Ramesh Krishnan 03 September 2010 at 13:26

Highlights in Direct tax code for Salaried Individuals Scope of Income from employment: As per the DTC Bill 2010, the Gross salary includes all of the following 1. Any sum received from the employer under employment 2. Any allowance for

Basic concept on Wealth Tax

Suresh Prasad 03 September 2010 at 13:26

Wealth Tax Basic Concept Applicability: whole of India from 1st April, 1957. Chargeability: On net Wealth of individual, HUF & Company @ 1% in excess of Rs. 3,00,000 on Valuation Date. Valuation Date: 31st march immedi

Direct Tax Code : Lost the original Glitter while Moderation

CMA. Subhash Kumar Jha 01 September 2010 at 16:46

Direct Tax Code : Lost the original Glitter while Moderation ! In the year 2009, Government had announced the adoption of Direct Tax Code (DTC) from 01/04/2011. This announcement had created a big hype everywhere, be it individual or corporate s