CAclubindia Articles

FAQ's on VAT

Posted by vidyasagar 23 November 2010 34667 Views

Q. What is Value Added Tax (VAT)? A. VAT is a multi-point tax on value addition which is collected at different stages of sale with a provision for set-off for tax paid at the previous stage/tax paid on inputs. Q. What is meant by 'Sale

Extensible Business Reporting Language - A new initiative

Posted by Member (Account Deleted) 23 November 2010 5345 Views

BRIEF ABOUT XBRL AND XBRL INTERNATIONAL An Introduction to XBRL XBRL is a language for the electronic communication of business and financial data which is revolutionising business reporting around the world. It provides major benefits in the

How to Select a Mutual Fund?

Posted by Vishal 23 November 2010 11960 Views

Mutual funds offer the most convenient way of investing in equity, debt and money markets. The increased participation of Indian investors bears testimony to the fact that there is a widespread realisation of the same. Also over the years, the India

Draft Scheme of "On Site Audit" in context of Post Clearance

Posted by Pradeep Jain 23 November 2010 6636 Views

Draft Scheme of On Site Audit in context of Post Clearance Audit (PCA) for Imports Prepared By: CA Pradeep Jain, CA Preeti Parihar and Sukhvinder Kaur, LLB [FYIC] INTRODUCTION: A good beginning makes a good end.

FAQs On Training of Articled Assistant outside India

Posted by Guest 23 November 2010 9238 Views

Frequently Asked Questions Training of Articled Assistant outside India Q. 1 Can a student registered with the Institute get training outside India? Ans.: Yes, a student registered with the Institute is eligible to enroll for training outside

Provisioning for Benefit in case of hospitalization expenses

Posted by sksen 22 November 2010 14964 Views

PROVISIONING FOR BENEFIT IN CASE OF HOSPITALIZATION EXPENSES As a citizen of India, I would like to bring forth an issue which I feel may be given a serious thought for the benefit of all. Slabs of individual tax payer depends upon his/her income a

TDS - headache

Posted by shrikant 22 November 2010 14132 Views

All my friend & colleagues as you know that we are leaving in Information technology era. The all things are online now, online buying, online tax payment, online tax credit check etc. But this technology also creates procedural problems for u

Tax liability on last sale proceeding sale to SEZ area

Posted by Devinder Jain 17 November 2010 14557 Views

TAX LIABILITY ON LAST SALE PRCEEDING SALE TO SEZ AREA. LAST SALE PRECEEDING SALE TO SEZ AREA. IS EXEMPT UNDER SECTION 5(3) OF THE CENTRAL SALES TAX ACT, 1956. RELEVANT PROVISONS: Provisions of the Central Sales Tax Act, 1956: Section 5(3):

All About LLP

Posted by Suresh Prasad 16 November 2010 25994 Views

NATURE OF LIMITED LIABILITY PARTNERSHIP (LLP) 1. Concept of limited liability partnership LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP can cont

Some views on Security for Registration under Punjab VAT Act

Posted by Amit Bajaj 15 November 2010 10157 Views

For registration under the Punjab VAT Act 2005 one of the requirement u/s 25(1) is furnishing of security for securing the payment of tax under PVAT Act 2005. This requirement is compulsory as per the wording of section 25(1) of PVAT Act 2005 which