Popular Articles

GIFT FROM RELATIVE

Posted by CA PIYUSH KAPOOR 12 June 2009 24571 Views

Gift from a relative? No tax on itIntroduction It is widely known that gifts from relatives are tax-exempt. But what is not widely known at all is that gifts received even from non-relatives can also be completely exempt from income tax.

ANNUAL INFORMATION RETURN (AIR) AN UNTOUCHED ISSUE

Posted by Apoorva Mehta 11 June 2009 18881 Views

“ANNUAL INFORMATION RETURN (AIR) – AN UNTOUCHED ISSUE” WHAT IS “AIR”? Section 285BA of the Income Tax Act, 1961, read with rule 114E requires certain specified entities to file an Annual Information Return (AIR) in res

AS - 11 notification

Posted by Sarvesh Ramachandran 09 June 2009 21532 Views

Has India Inc been finally blessed with an amendment that could clear the smoke screen that is being created by the unprecedented volatility in the currency market?There used to be a time when the Indian rupee gained considerably against the U.S doll

SERVICE TAX & MOVIE THEATRES

Posted by Apoorva Mehta 09 June 2009 42880 Views

SERVICE TAX & MOVIE THEATRES The question whether the activity of screening of film / movie (as supplied by film distributors) by theatre / multiplex owners would be covered under any of the taxable services, and whether it would be liable to s

How to get help from seniors and experienced people-Part2

Posted by Vidhyashankar 09 June 2009 7355 Views

Hi All,Im sending a spate of articles as I have less time to do so, this week.This would be the last article for this week.I would be busy for the next 10 days.I might not be able to look into my PMs, but I would do so next time I log-in.So before I

How to get a rank in CA?

Posted by Vidhyashankar 24 April 2021 85759 Views

This seems like a vexed question.Some avoid it saying, "Hey! Passing itself is difficult.If Im terribly lucky, I would get a rank."Some say, "Dont keep such aims like getting a rank.You might miserably fail"Some even say, "Ra

How to prepare with the tough Institute Study materials

Posted by Vidhyashankar 10 June 2009 14635 Views

Dear Students,Many have asked me this singular question:"I find study materials difficult, the language is difficult and it is dry and thus Im unable to study the study material, what should I do?"Simple answer: Study it anyways, the fruits

MICS/ISCA-books and preparation advice

Posted by Vidhyashankar 16 June 2009 16029 Views

Dear All,Im surprised by the number of queries asking me to give my take on MICS and ISCA subjects!Both MICS and ISCA(Which is a minor-take off of CISA) are purely theory subjects with little or very little practical relevance.Frankly speaking, coach

Costing-Final-Recommended books

Posted by Vidhyashankar 05 June 2009 13455 Views

Dear Students,Now, Im taking up Costing recommended books topic.1.Padhukas--This book is fantastic, though difficult at places to understand.Highlights of this book are: 1. Past exam questions all answered 2.RTPs included 3. Step-wise solutions 4.Eas

Construction Contracts (IAS-11)

Posted by CA. Amit Daga 05 June 2009 15938 Views

Construction Contracts (IAS-11)A Construction contract is defined in IAS 11 as “ …A contract specifically negotiated for the construction of an asset or a combination of assets that are closely interrelated or interdependent in terms o