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CAclubindia Articles


Is it Simplified Direct Taxes Code?

Posted by Mahesh Kapasi 17 August 2009 10251 Views

Is it Simplified Direct Taxes Code? Income Tax is one of most complicated tax law. In order to simplify it an attempt has been made by the government to simplify it so that common income tax payers can easily understand it and comply with it. But



BASIC UNDERSTANDING ABOUT COMPANIES

Posted by Ankur Garg 15 August 2009 65505 Views

BASIC UNDERSTANDING ABOUT COMPANIES Compulsory registration under the Companies Act Pursuant to section 11(2) of the Companies Act, 1956, where more than twenty persons jointly desire to carry on any business (Ten person in case of banking company



Leadership and the qualities required?

Posted by Durga Rao 15 August 2009 11053 Views

As I had the privilege of knowing about the qualities of great people and their life, and as I could closely watch few notable people in the society, I thought I can say something on leadership and the required qualities. I believe that in the cours



NEW DTC-SOME HIGHLIGHTS

Posted by CA Sudhir Halakhandi 13 August 2009 20147 Views

SOME HIGHLIGTHS OF DIRECT TAX CODE PRESENTED FOR DISCUSSION BY FINANCE MINISTER MR. PRANAB MUKHARJEE 1.THE INCOME TAX RATES IN DTC THE TAX RATE FOR INDIVIDUAL OTHER THAN WOMEN AND SENIOR CITIZENS (1). Where the total income do



NEW IT CODE- LET US HOPE FOR THE GOOD

Posted by CA Sudhir Halakhandi 12 August 2009 14356 Views

NEW IT CODE- LET US HOPE FOR THE GOOD-CA SUDHIR HALAKHANDIThe income tax Act, 1961 was introduced 50 Years back and there are so many confusions, complexities, litigation, controversies are there so there is a demand since several years to change it



Disputed Input Services

Posted by Madhukar N Hiregange 12 August 2009 16470 Views

DISPUTED INPUTS SERVICE CREDITS AND MANUFACTURERBy CA Madhukar N Hiregange& CA Srikantha Rao TThe concept of set off where an assessee adding value is able to set off the taxes on his purchases, is an important one which enables one to avoid the



Making Limited Liability Partnerships a reality in India

Posted by vidyasagar 11 August 2009 8530 Views

Making Limited Liability Partnerships a reality in India The Limited Liability Partnership Bill was passed by the Parliament in December, 2008 and received assent of the President in January, 2009. The Limited Liability Partnership Act, 2008 was not



Green shoots in realty sector?

Posted by Equitymaster 11 August 2009 4973 Views

Financial year 2009 was one of the toughest years till date for the real estate sector in India. This was quite evident during the latter half of the fiscal when companies were facing pressures from all sides. Demand was hampered due to the overall s



How to make best use of Tax benefit - Series II

Posted by Jigar Shah 11 August 2009 12307 Views

Hi guys, this is the second edition of the series - How to make best use of Tax benefit. I am glad that you have appreciated my efforts and enjoyed reading the previous article. Mr. Einstein once said that “The hardest thing in the world to un



I T Scrutiny on the basis of AIR

Posted by Mahesh Kapasi 10 August 2009 22935 Views

The Annual Information Reports (AIR) under Income Tax Forms is meant for high value transactions but these limits at present are too low especially in view of continuing inflationary trends beyond the control of government and manifold increase in




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