CAclubindia Articles

Tax-exempt gifts from relatives and others

Aisha 05 November 2007 at 22:29

It is very common for people to receive gifts from friends and relatives. In some cases, gifts are also received from NRls. Let us consider the latest provisions of the Income Tax Act, 1961 regarding gifts, and analyse how individuals can achieve com

FBT formula may stay same on all streets

Ankit Dangayach 05 November 2007 at 22:27

NEW DELHI: Valuation guidelines for fringe benefit tax (FBT) on employee stock options (Esops) may be tweaked slightly. Companies listed on select international stock exchanges may get to follow the norm meant for listed companies in India as the go

CA Students and the power of money

KAAPIL 04 November 2007 at 11:42

Money! Oh yeah! The most powerful thing in the world. Money is what money does. Money can buy Rs. 251 Crore Corporate Jet by Mr. Mukesh Ambani for his wife on her birthday. It is money which makes rich and famous. Carlos Slim, Warren Buffet and Bill

5 tips for surviving an audit

Mr. PURNA P 03 November 2007 at 12:52

5 tips for surviving an audit If you are being audited, don't panic. Be prepared and know your legal rights.1. Do your homework. Before you go into the auditor's office, get organized. Get all your papers together. Go over your return carefully. Beco

GST

Amit Goyal 01 November 2007 at 17:49

What is GST? GST is a comprehensive value added tax on good and service. It is Collected on value added at each stage of sale or purchase in each supply chain No differentiation between goods and services as GST

CA Students should become like Arjun

KAAPIL 01 November 2007 at 17:49

I am once again addressing articles to all CA Students. Dear Friends, I have noticed among few students that there is a trend to do other courses in order to get an added qualification. Please do remember that CA itself is the best qualification by a

Life as an Articled Assistant

KAAPIL 31 October 2007 at 02:18

I am addressing to all the students who are or are going to become Articled Assistant. Remember, your life will start at office and this is the time to grab the opportunity to learn. There is a popular adage, "I wanted to learn but nobody taught me"

VAT and Sales Tax System - A Comparative Analysis

Sathish Karunakaran 31 October 2007 at 02:18

Value Added Tax and Sales Tax: A Comparative Analysis Preamble Value Added Tax (VAT) is a system of indirect taxation which is currently employed by nearly 136 countries across the world. In India, VAT, being a current tax reform, captu

Auditing needs to become global

Aisha 29 October 2007 at 17:15

European investors today regularly invest across national borders. In order to safeguard their interests, the European Commission (EC) is concerned about the regulation of non European Union (EU) audit firms and has proposed principles for such regul

Women directors can bring great value to corporate India's boardrooms

Aisha 28 October 2007 at 23:05

D Murali "It is not enough for best-employersand HR (human resource) leaders to simply focus on increasing the'number' of women in the workforce - either at the entry-level or atthe mid-executive level. The priority should also be on including women