CAclubindia Articles
Service tax wrongly levied on Interest/Finance charges
It has come to my notice that several banks are charging service tax on interest and finance charges on credit card payments. In certain cases although the nomenclature is clearly mentioned as “Interest” still the bank has charged servic
Chinese Yuan Appreciation
TO BEGIN WITH: On 20th June 2010, China announced that it will take steps to let its currency Yuan appreciate against US dollar ending its fixed rate regime. People’s Bank of China came up with a statement the next day saying that China will no
When will the buying opportunity come?
Indian investors have to contend with two conflicting set of facts right now. Let us take them one by one. First is the bailout package that the leaders of the developed world used after the global financial meltdown. Basically, the governments ha
Income Tax Return
Most of the individuals who earn enough money are generally required to give part of it back to the government, through the usual way of filling out an income tax return. They then send the necessary portion of their income to the government. But it
Sequence to Uniqueness for Associated Enterprises
Prepared By:CA Pradeep Jain,CA Ridhi Anchalia andSukhvinder Kaur, LLB [FYIC]Introduction: - Every Finance Act brings with it some new services under the purview of the Service Tax. The Associated Enterprises were also a part of those services that we
The True Picture of DTC
The direct tax code was released in Aug 2009 and it was declared at that time it will replace the more than half century old Income tax Act, 1961 in a New and polished way with simple and understandable language and professional way. The main thrust
CAclubindia is not the best !!!
I know you will be pretty much shocked of what I am saying even after being into Top member here. I want to say it’s not best but the best out of the best. The reasons are obvious and various. I can not point out every reason here but I would s
Current Ratio: Dressing up the Balance Sheet
CURRENT RATIO: DRESSING UP THE BALANCE SHEET Current Ratio is the function of Current Assets and Current Liabilities. Hence the simple understanding is either increase the Current assets or reduce the Current Liabilities. Neither ways are easier sin
Looking behind (Episode-3, part second last)
So finally, Mahesh has cut down his own legs with his own sword. How irresponsible he was! How can one resign without having a job in hand.
Lets drive a Car through the roads of Taxation
NANO has generated huge excitement in the automobile world. Every Indian is proud of this product, being the cheapest, smallest and affordable car. Car sales are zooming in India and lot has been written on Cars, Automobile Products
sss
CAclubindia
