CAclubindia Articles

Use of section 144A

Amit Bajaj 29 January 2010 at 11:53

Assesements under Income Tax Act 1961 are made U/S 143, 144, 147, 153. The criterias for selection of cases for scrutiny has been increased.

Reassessement under Income Tax Act

Amit Bajaj 29 January 2010 at 11:48

The power of assessement or reassessement of any income chargable to tax that have escaped assessement has been provided under secton 147 r w s 148 of Income Tax Act of 1961.If the assessing officer has the reason to believe that any income charga

Client Focus - Key to Success

Madhukar N Hiregange 29 January 2010 at 11:41

Client Focus- A key to Success Madhukar N Hiregange FCA & Roopa Nayak ACA Introduction: It is not uncommon to hear that the client is unwilling to pay the fees or delays the same inordinately. Even that all services in all taxes, advisory is a

EASY ECONOMY to a COMPETITIVE ECONOMY (series 1)

Indraneel Sen Gupta 29 January 2010 at 11:40

This year again we will see this same picture on 26th of Feburary 2010.Lots of hope and fate in that briefcase.Along with this US budget is also about get on the table within a next week followed with many countries budget. But we are already witness

SECTION 43(6) V. SECTION 45(1A)

Pavan Jain S 28 January 2010 at 14:10

CA Pavan Jain S, ACA., grad CS.Taxability of a receipt is governed by section 2(24) of the Income Tax Act (hereinafter referred to as “Act”) which define the term “Income”. In ordinary parlance, the term income connotes a rec

Hard nut to crack -Service tax refund claim

Pradeep Jain 28 January 2010 at 14:08

Hard nut to crack -Service tax refund claim Prepared By:

Cracking the CA Exam by past exam questions!

Mythreya 28 January 2010 at 14:08

Dear Students,Your response for my posts which I started a few days ago was gladdening to the heart.Please continue reading my articles and postings which I would publish online in this forum and also maybe a blog later...Today I intend to take up th

deduction u/s 80-IA of income tax act, 1961

CA Anshu Agarwal 28 January 2010 at 14:07

3.1 Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc. [Section 80-IA]3.1.1 Applicability: where GTI includes any profits and gains derived from eligible business.

Failure is not final?

Durga Rao 28 January 2010 at 14:07

Looking at CA results and imagining at the pain of my dear students who could not complete their course, I just want to expose my views on failures and want to emphasize that failure is common in everyones life, but, handling it makes all th

No TDS on Service Tax Component

CA Pankaj Galhotra 28 January 2010 at 14:07

NO TDS ON SERVICE TAXWith the advent of service tax, an interesting question has arisen whether tax is deductible at source under the IT Act even in respect of the service tax component of the pro