CAclubindia Articles

Procedural Provision relating to TDS

Posted by Amit Bajaj 18 August 2010 16752 Views

T.D.S means the Tax deducted at source. Whenever a person liable to deduct tax of another person under Income Tax Act, deducts tax, the credit of such tax is given to the deductee when his liability to pay income tax is calculated. Such credit is giv

Ascertaining the Capital Requirements

Posted by CA S.SAIRAM 19 August 2010 14527 Views

ASCERTAINING THE CAPITAL REQUIREMENTS Fixed and Working capital assessments are a professional exercise which demands strong knowledge of business operation as well as finance. Working capital is the active portion of the capital for a business. It

Filing income tax return after due date

Posted by Amit Bajaj 17 August 2010 26619 Views

The due date for filing income tax return for corporate aseessees and other aseessees who are required to get their accounts audited under Income Tax Act 1961 or under any other law for the time being in force is 30th September and for others it is

Presumptive income schemes for small Assessees

Posted by Amit Bajaj 17 August 2010 7254 Views

There are many presumptive income schemes for small businessmen engaged in civil construction, transport business, retailers etc. A person covered under these schemes can declare his income under these sections on presumptive basis and can get himsel

4 IDIOTS ....Our Beginnning....5th & Final Part !

Posted by Lone warrior..!! 17 August 2010 10888 Views

Link : Part 1Link : Part 2Link : Part 3Link : Part 4 4 IDIOTS .........OUR BEGINNING ......5th & FINAL PA

What Constitues Contempt of Court?

Posted by M.RAMKUMAR 17 August 2010 11380 Views

WHAT CONSTITUTES CONTEMPT OF COURT(An analysis of SC Judgment in case of RK Jain)By,M.RAM KUMAR B.Sc., B.L. (M.B.A)Inspector, Service Tax Hats Off to SUPREME COURT. There can not be more appropriate time for Honourable Supreme Court than a

Attempting Case Studies in Exams

Posted by ChughGhai 17 August 2010 26366 Views

Case studies are crucial in CA Final exams. The bulk of the paper in subjects like Law, IDT and DT is devoted to Case Studies. Scoring in these questions depends equally on content and presentation. The following things should be remembered whil

Rule 3 of service tax- ANOTHER VIEW

Posted by Member (Account Deleted) 17 August 2010 31882 Views

SEC 67 OF SERVICE TAX READ WITH RULE-3 OF SERVICE TAX (DETERMINATION OF VALUE) RULES, 2006. BY ARVIND AGGARWAL. SEC 67(1)(iii) of service tax says that where the amount of the consideration is not ascertainable, then the value will be determined in t

A discussion on takeover advisory committee (TRAC) report

Posted by Yogesh Kumar 16 August 2010 6939 Views

A DISCUSSION ON TAKEOVER ADVISORY COMMITTEE (TRAC) REPORT[1] This discussion paper on the proposed Takeover Regulation by the Takeover Regulation Advisory Committee (TRAC) is an analysis of the TRAC Report mainly from the perspective of practicabil

The biggest litigant in the Government of India

Posted by Venkateswara Rao Sapare 16 August 2010 6833 Views

The biggest litigant in the Government of India “It is my proud privilege to be part of this momentous occasion in the history of the Income Tax Department, which is celebrating 150 years of Income Tax in India. For the first time in