CAclubindia Articles
Section 44AB - What if ITR not filed by Sep?
Dear Friends,Everytime the deadlines approches, there seems to be a lot of confusion over if the penalty 271B for failure to "furnish" the Tax Audit Report u/s 44AB. The confusion appears to have arisen due to fragmented reading of circular
SWITCH YOUR ULIPS NOW
ULIP’s are basically long term investment. But still despite of being Long Term in nature they are Return Maximizing tool. The return is maximized through the well known option provided itself in the ULIP product SWITCHES. Each Ulip comes with
Real-time Tips to deal with theory paper: Audit and Law
Real-time Tips to deal with theory paper: Audit and Law Dear Students and Members, Please find below some tips to deal with theory paper like Audit and Law. These tips are based on my personal observation and used by me in all my professional Examin
Age of Austerity
The Congress' austerity drive was not unfounded. After all austerity is what global leaders are insisting on in the G-20 summit. US President Barack Obama and his counterparts from the G-20 nations have cited a clear warning that the global re
ASSESSEE'S RIGHTS AGAINST DELAY
Rajesh Kumar, AdvocateA tax assessee has to deal with the problem of delay almost every time it interacts with the tax authorities. This delay is sometimes due to the system of tax administration, which imposes unnecessary and unreasonable restrictio
The importance of Skills while preparing for Careers
This is a guest post by Dr Uma Ganesh, she has an MBA degree from the Faculty of Management Studies, University of Delhi and a PhD from IIT Bombay and is the CEO of Global Talent Track.The importance of Skills while preparing for Careers The signifi
VAT's PROBLEMS AND ISSUES
Almost three-fourths of India has adopted the VAT regime, switching off its age-old sales tax system that had existed for more than 50 years. However, due to certain political and other considerations, some of the states have not joined the bandwagon
Brief note on Vat in Delhi
India, particularly the trading community, has believed in accepting and adopting loopholes in any system administered by the state or the Centre. If a well-administered system comes in, it will close avenues for traders and businessmen to evade payi
Understanding the Section 297 of the Company Act
Let Us understand the Market Price Concept of Section 297 of the company Act.: Section 297: BOARD'S SANCTION TO BE REQUIRED FOR CERTAIN CONTRACTS IN WHICH PARTICULAR DIRECTORS ARE INTERESTED. (1) Except with the consent of the Board of directors of
Right Issue Option U/S 81 of the Companies Act
It is well known that, the Right Issue option i not avilable to the Private Company. Let us understand the logic behind that. The Roots of Right Issue came from the ancient tradition: In Earlier times Businessmen reward to their Customers for their L
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