CAclubindia Articles

Extra deduction of Rs. 20,000 under section 80CCF

Posted by Nandan Narula 21 August 2010 89026 Views

Another avenue to save tax was introduced in the Budget 2010 in the form of section 80CCF. This section allows a deduction of Rs. 20,000 for investments made in Infrastructure Bonds. Recently, IFCI has come up with an issue of Long Term Infrastructu

Conversion from PE-II to IPCC---Detailed Procedure

Posted by Ankur Garg 21 August 2010 78395 Views

DETAILED PROCEDURE TO BE FOLLOWED ALONG WITH SWITCHOVER FEE STRUCTURE FOR CONVERTING FROM PE-II TO IPCC

Ascertaining the Capital Requirements

Posted by CA S.SAIRAM 19 August 2010 14497 Views

ASCERTAINING THE CAPITAL REQUIREMENTS Fixed and Working capital assessments are a professional exercise which demands strong knowledge of business operation as well as finance. Working capital is the active portion of the capital for a business. It

Impact of adoption of IFRS on Accounting Practices

Posted by CA Raj Thakkar 19 August 2010 16134 Views

IMPACT OF ADOPTION OF IFRS ON ACCOUNTING PRACTICES Basic Concept Mix of historical cost and fair valuation. True and fair over-ride In extremely rare circumstances when management concludes that compliance with a requirement in an IFRS or an Inter

Why complain about results..!!!

Posted by Nitin Soni 19 August 2010 19084 Views

Ok.. I agree the results were terribly low this time..!! So what!! Why this helluva noise over results!! It had to happen!! We knew about it.. and even if we didn’t know.. why such a panic!! CA has always been a kind of course where the res

Something Straight Forward to Handle Exam Stress !!!

Posted by Ankur Garg 19 August 2010 20670 Views

For some students Exam time is the most stressful part of their life. But to be honest this is not a correct thinking or approach.

Procedural Provision relating to TDS

Posted by Amit Bajaj 18 August 2010 16724 Views

T.D.S means the Tax deducted at source. Whenever a person liable to deduct tax of another person under Income Tax Act, deducts tax, the credit of such tax is given to the deductee when his liability to pay income tax is calculated. Such credit is giv

GST updates By CA Sudhir Halakhandi

Posted by CA Sudhir Halakhandi 18 August 2010 17004 Views

GST UPDATES BY CA SUDHIR HALAKHANDI 1. 17TH AUG 2010 Knowledge Hub How GST will work in Our Country? In India the states and Centre are agree on Dual GST in which a single transactio

Are there ways to gauge promoter intentions?

Posted by Equitymaster 18 August 2010 4843 Views

Are you aware that there are around 5,000 odd listed companies on the BSE? It is one of the highest in the world. And certainly this is not to our surprise (Hence no exclamation). Indians are known for their entrepreneurship. An individual or a conce

Rule 3 of service tax- ANOTHER VIEW

Posted by Member (Account Deleted) 17 August 2010 31857 Views

SEC 67 OF SERVICE TAX READ WITH RULE-3 OF SERVICE TAX (DETERMINATION OF VALUE) RULES, 2006. BY ARVIND AGGARWAL. SEC 67(1)(iii) of service tax says that where the amount of the consideration is not ascertainable, then the value will be determined in t