CAclubindia Articles

Chargeability of gifts made to HUF u/s 56 of IT Act

Posted by Gaurav Pahuja 20 September 2011 21922 Views

Chargeability of gifts made to HUF u/s 56 of I.T Act 1961 In this article the author has made an attempt to distinguish between the exemption benefits granted to Individual or HUF on gift received by them, although both of them are covered by the

Correction in Challan Paid

Posted by Manish Kumar Agarwal 20 September 2011 12723 Views

Summary : Earlier correction was not possible in challans while making errors at the time of payment. Same is now possible from bank, but you should contact the bank within 7 days. Challan Correction Mechanism Under OLTAS (On Line Tax Accou

Snapshot of Independent Director

Posted by CS Pankaj Khanna 20 September 2011 6324 Views

INDEPENDENT DIRECTORS A Snapshot. The new legislation may require an independent director to have understan

Applicability of VAT or CST on interstate works contract

Posted by Amit Bajaj 19 September 2011 76050 Views

In this article an attempt has been made to clarify the position in regard to the levy of VAT or CST on inter-state works contracts. The State Governments have the power under entry 54 of the State List of the Seventh Schedule to the Constitution

Problems and Solutions in E-TDS

Posted by SIVARAMAN and SUNDARAM 19 September 2011 35480 Views

E TDS PROBLEMS AND SOLUTIONS The topic of TDS (Tax Deducted At Source) is most important now days. If the assessee does not get the Tax credit in his Income Tax Return for the TDS deducted by the deductor, this may result in additional

Self Study Vs. Tuition Classes - The Burning Debate

Posted by CA Sourabh Agarwal 19 September 2011 104398 Views

Should I go for self study or coaching? What subjects to take and what to leave at a time? Which faculty will be good? Either go for all subjects at once and then revise at own? I think almost each one of us has been caught in such a situation. The

Forfeiture of Shares

Posted by CS Ankur Srivastava 19 September 2011 99767 Views

While making calls the following basic requirements must be satisfied: (i) For each call at least 14 days' notice must be given to members. (ii) Stock exchange(s) shall be advised of the proposal a

IGST Model - An Innovative Idea

Posted by Nagesh Bajaj 19 September 2011 22949 Views

The First Discussion Paper produced by the Empowered Committee of state Finance Ministers has come out with an innovative way to deal with inter-state transaction of goods and services. The forthcoming GST will be dual in nature and will be levied o

Tax Audit - A Glance (Part -III), Exhaustive reporting on 3CD

Posted by Karan Teli 17 September 2011 156761 Views

Greetings of the day to every one!!! I deeply apologise for the delay in writing my article but as you all know that as the Tax audit season going on, I am also engrossed in it and somehow tried to write this article with great efforts

RBI's crusade against inflation continues

Posted by Equitymaster 17 September 2011 6471 Views

The Reserve Bank of India (RBI) declared its mid-year monetary policy review for financial year 2011-12 today. High fuel prices, persistent inflation and expectations of liquidity overhang in global financial markets drove the RBI to tighten the mon