CAclubindia Articles

Highlights of quarterly review of Annual statement of Moneta

CMA Gul S 28 March 2008 at 22:54

Highlights of quarterly review of Annual statement of Monetary Policy 2007-08 RBI Governor presents Third Quarter Review of Annual Statement on Monetary Policy for 2007-08 Dr. Y Venugopal Reddy, Governo

Belated Return

Manasi 27 March 2008 at 20:45

Better Late then Never It is the statutory obligation of every person to furnish a return of taxable income, where the total income in any relevant financial year exceeds the maximum amount which is not chargeable to income tax. The return of income

Highlight of 6th Pay Commission

CA Praveen Chopra 27 March 2008 at 20:45

Highlights: 6th Pay Commission[Submitted by CA. Praveen Chopra,Gandhidham] High performers to get 3.5% increment against normal 2.5% Enhanced pay scales for nurses, teachers and constabulary Existing rates of most of the allowances to be doubled

sub prime crises

CA Praveen Chopra 27 March 2008 at 20:45

Lessons from the Sub-prime Crisis[Submitted by CA Praveen ChopraGandhidham] March 25, 2008Sub prime crisis is seen as an ugly incident that has dealt a heavy blow to the investors’ confidence, spelling doom on the securitisation markets across

Life insurance premium paid and claim u/s 80C

RAJAN GUPTA 27 March 2008 at 17:15

Important Pointshould keep in mind while claiming deuction on life insurance premium paid u/s 80C are given below: Deduction u/s 80c of income tax is available to Individual and Huf Assessee. Maximum total eligible amount under this head (LIFE insu

Rights in Raid

CA Praveen Chopra 26 March 2008 at 23:56

DREADING A SEARCH: KNOW YOUR RIGHTSFor the revenue intelligence agencies, search is a powerful instrument to gather evidence against tax evaders. In fact, given the magnitude of tax evasion in the country, searches are conducted almost everyday by on

Analysis of Retirement Benefit ( Gratuity)

CA Praveen Chopra 26 March 2008 at 23:56

Analysis of Retirement benefit (Gratuity)[Submitted by CA. Praveen Chopra,Gandhidham]March 26, 2008Meaning :-Gratuity is a statutory benefit paid to the employees under the Payment of Gratuity Act, 1972 who have rendered continuous service for at le

Cenvat credit on mobile phones

CA Praveen Chopra 26 March 2008 at 23:56

CENVAT Credit on Mobile Phones[Submitted by CA Praveen Chopra,Gandhidham,Gujarat]March 25, 2008Cenvat Credit is allowed to output service provider in respect of service tax paid on input services, which are consumed in providing output service.It is

FAQ ON CENVAT

CA Praveen Chopra 26 March 2008 at 16:01

CENVAT FAQWhat is CENVAT Credit?Cenvat Credit is a scheme where the manufacturers or the output service providers are allowed a set off of the taxes paid on the inputs or the input services that are used while manufacturing the final products or prov

PAY LESS STCG AFTER BUDGET -HOW

RAJAN GUPTA 26 March 2008 at 12:14

Dear friends ,As you know in budget 2008 ,our Finance Minister has increased the short term capital gain on share transaction, on which securities transaction tax (STT) has been paid, from 10% to 15 % .This has been done under section 111A for indian