CAclubindia Articles

IPO and Retail Investor

Posted by Amit Khandelia 21 December 2007 5172 Views

Close to 100 firms got listed this year and out of these around, 30% gave 100% premium to investors and an equal percentage meant loss for investors. Over all, we can say that year 2007 was a great year for investors and companies as well as Indian s

Injustice and Issues concerning PE-2 students

Posted by Rajan Gupta 12 December 2007 9350 Views

Dear Professional Friends,I wish to draw your attention towards the plight of PE-2 students who are suffering due to the arbitrary policy of the institute in favour of CPT and foundation scheme students. Kindly comment on the above points at

Answers to Frequently Asked Questions On Income Tax and Pan

Posted by Aisha 08 December 2007 11247 Views

A. General 1. What is Income Tax? It is a tax imposed by the Government of India on any body who earns income in India. This tax is levied on the strength of an Act called Income tax Act which was passed by the Parliament of India. 2. What do y

FAQ ON BANK GUARANTEE

Posted by Prakash 06 December 2007 38100 Views

Q: What does the term 'bank guarantee' mean? A bank guarantee is a commercial instrument in the nature of acontract, intended between two parties, to secure compliance with thecontract. It is an off-shoot of the main contract between two parties.A ba

SERVICE TAX PIN PRICKS

Posted by Vijay Kalia 06 December 2007 8947 Views

Service Tax Introduction ------------------------------- Initially the service tax was levied on three services when it came into force by Finance Act V of 1994.No separate comprehensive Act has been passed for the purpose and some thirty four sectio

Life as an Articled Assistant III

Posted by KAAPIL 02 December 2007 27488 Views

LIFE AS AN ARTICLED ASSISTANT III I am addressing the students and the community after a long gap of 25 days. I did not take break in Diwali but there was pressure of preparing material of CA Final New Course and hence this long break. Life contin

The Bullwhip Effect

Posted by Deepak Maithani 01 December 2007 4911 Views

The Bullwhip Effect (or Whiplash Effect) is an observed phenomenon in forecast-driven distribution channels. The concept has its roots in J Forrester's Industrial Dynamics (1961). Because customer demand is rarely perfectly stable, businesses must fo

Gist of Latest Judgement

Posted by Rupesh Srivastava 30 November 2007 6338 Views

DIRECT TAX LAWS Supreme Court of India G.K. Choksi & Company v. Commissioner of Income-tax Depreciation - Initial depreciation on building under section 32(1)(iv) at rate of 40 per cent would not be available to professionals; it would be available t

Important Judgements & Tribunal Orders Reported in Oct 2007

Posted by Rupesh Srivastava 27 November 2007 8232 Views

Gist Of Important Judgements & Tribunal Orders Reported in Oct 2007Subject Index: Supreme Court1. Interest awarded to the assessee by the High Court for illegal seizure of stock-in-trade of the assessee was converted to costs of Rs. 75,000/- towa

Digest of SC Judgement Oct 2006- June 2007

Posted by Rupesh Srivastava 20 November 2007 13461 Views

Digest: Very Important Judgements of Supreme Court. DigestOct 2006- June 2007 1. Attribution of profits to the Permanent Establishment The Supreme Court has held that since there is no specific provision under the Act to compute profits accruing