CAclubindia Articles
Supply of Tangible Goods
By Madhukar N Hiregange (FCA, DISA) & Srikantha Rao T (B.Com. ACA)Finance Act 2008 had introduced among many, a new ca
CHINA:True friend of US
Is yen the villain or the China .Don’t get surprised with the question. This question is now the most debatable topic on the roads of Wall Street as well as in the Café Coffee Day mid lunch session of brokers. World economist have raise
IFRS: Amoritsed cost and tax implications
Amortized cost basis valuation in IAS-39 with respect to specified financial instruments can be compared to a journey in a passenger train which is either behind or ahead of the schedule and makes lot of discretionary time adjustments (i.e. halts and
Index Futures: An Insight
Index Futures: An Insight Example: On 1st October 2009, Mr. X got a hot tip that the share market was going to go upwards. Based on this he decided to buy shares of ABC Ltd as it had the highest market capitalization then. Mr. X therefore bought 200
Nothing special about Service Tax exemption in SEZ
The term special economic zone (SEZ) sounds as music to the ears, as it appears that those running their units in the SEZ are at an advantage, compared to their counterparts in the domestic tariff area (DTA). Special Economic Zones h
Few Legal Decisions
Legal Decisions - Income Tax for detail refer to summary below.INDEX FOR REFERENCE Section Case Decision Rectification /Merger 154(7)
Overview on LLP and its Taxation in India & US
Globalization in India has made many revolutions in every field. We are seeing Indian companies working abroad as MNC, Few abroad acquisitions too. Thanks to Liberalization & globalization, it opens new doors to our industries, made compete enoug
Sec.50C and Sec.69B of IT Act 1961 - No Twins
Sec.50C and Sec.69B of IT Act 1961 - No Twins Man proposes, God disposes (either ways). But luckily for the assessee the Department proposes, judiciary opposes. Our Income tax law provides for tackling the cases of undervalued as well as undiscl
Some Q & A for revising in last days of exam
Dear Student,These are important questions for revising again in last days.Please do complete course and then refer these Q & A.Don’t take this as a short-cut.Although I promise you, these questions are picked after much research and thoug
Information Technology Services - Impact under Service Tax
By Madhukar N Hiregange (FCA, DISA) & Srikantha Rao T (B.Com, ACA) The industry which has contributed
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