CAclubindia Articles
Investor be Aware
Thanks to the signal problem at my cable TV operators end, I switched on to DD National and DD News this afternoon. The very first thought which struck me was that I should better move to a DTH operator, but then I started enjoying the programs on bo
Taxability of fees from Offshore Services - post Finance Act
Taxability of Fees from offshore services – post Finance Act, 2010 CA Ankit Virendra Sudha Shah General understanding on taxability of fees from offshore services under the provisions of the Income-tax Act, 1961 1. After the retrospectiv
Taxation aspects in case of corporate restructuring
Now a day’s cross border transactions, mergers and acquisitions and amalgamations, demergers have been increasing significantly… Various interested people of diversified profession getting benefited from the above transactions, they are
Who can become Actuary
Who Can Become An Actuary? Any person with minimum 18 years of age and having a high degree of aptitude for mathematics and statistics can take up this course and become an Actuary. Generally, first class graduates or postgraduates in Mathematics, S
Audit and fraud
WHAT IS FRAUD: In simple terms fraud is a mistake with a reason. To explain more Fraud is an activity by a person who does his duty in a wrong way or refrains from doing his duty for some favors i.e. financial, tangible, or anythin
Basic concept on Wealth Tax
Wealth Tax Basic Concept Applicability: whole of India from 1st April, 1957. Chargeability: On net Wealth of individual, HUF & Company @ 1% in excess of Rs. 3,00,000 on Valuation Date. Valuation Date: 31st march immedi
Highlights in Direct tax code for Salaried Individuals
Highlights in Direct tax code for Salaried Individuals Scope of Income from employment: As per the DTC Bill 2010, the Gross salary includes all of the following 1. Any sum received from the employer under employment 2. Any allowance for
Income Tax Saver Fixed Deposits : Must Know Facts
Income Tax Saver Fixed Deposits : Must Know Facts During 2005, banks were losing key investments due to thinning popularity of fixed deposits due to frequent reduction in interest rates. The fixed deposits which were giving interest rates up to 1
Believe Yourself
"Think twice before you take up Chartered Accountancy.. Its a five years commitment.. easy to get in but difficult to get out" these words were told to a student who had just topped the district.. I was just sixteen then.. just a kid. The
Do you know how the 'Central Bank of India' was found?
I know that many students in this country aim high despite their family background, financial strength, family commitments and plethora of other disadvantages
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