CAclubindia Articles

ACCOUNTING IN VAT

Posted by DR GAURAV GUPTA FCA, FCS, LL.B 03 March 2009 23843 Views

RECORDS AND ACCOUNTING UNDER DVAT MEANINGVAT is a multi-point tax on value addition which is collected at different stages of sale with a provision for set-off for tax paid at the previous stage/tax paid on inputs.Under the VAT Act there is only one

Convertibility of Indian Rupee

Posted by PRATEEK PATEL 14 June 2016 114573 Views

Convertibility of Indian RupeeWhat is Convertibility? Rupee convertibility means the system where any amount of rupee can converted into any other currency with...

TDS on Salary - Stepwise Procedure

Posted by CA.Tarun Maheshwari 03 March 2009 38675 Views

STEP BY STEP PROCEDURE FOR DEDUCTION OF TAX AT SOURCE FROM THE SALARIES OF EMPLOYEES FOR ASST. YEAR 2009 – 2010 REFERENCE CODE 1 Gross sal

February Rate Changes - Effect

Posted by Madhukar N Hiregange 01 March 2009 8444 Views

NOTE ON DUTY RATES UNDER CENTRAL EXCISE- 24.02.2009 Madhukar N Hiregange FCA & Vinay K.V. ACA The Government has been concerned about the impact of the global financial crisis on the Indian economy and a couple of steps have been taken to deal wi

Types Of Mortgages

Posted by CA CS CIMA Prakash Somani 01 March 2009 25100 Views

Simple Mortgage Where, without delivering possession of the mortgaged property, the mortgagor binds himself personally to pay the mortgage-money, and agrees, expressly or impliedly that in the event of his failing to pay according to his contract,

Appeals In Income Tax India

Posted by CA CS CIMA Prakash Somani 01 March 2009 22304 Views

According to the provisions of Section 246 any assessee who is aggrieved by an order, passed by the Assessing Officer may prefer an appeal to the Commissioner of Income-tax (Appeals).The Commissioner of Income-tax (Appeals) or the Appellate Tribunal

SMALL SCALE UNIT

Posted by S. Banerjee 26 February 2009 60542 Views

Provisions of Small Scale Industries under Central Excise Sambhu Banerjee - FICWA Definitions: An industrial undertaking in which the investment on Fixed Assets in plant and machinery whether held on ownership or terms on lease or on hire purchas

Taxability of Co-operative Housing Societies

Posted by A nagpal 26 February 2009 52909 Views

Taxability of Housing SocietiesIn general the perception is that income of Co–operative Societies is not chargeable to tax and therefore many societies do not bother to take PAN No. & file Income Tax returns. This is a wrong perception sinc

Accounts for a Layman/ students

Posted by CS Ramanuj Asawa 24 February 2009 9703 Views

My son Kushal is preparing for his 12th standard exam. As there are no regular classes in the college, he has to study at home. I always relied on self study so I thought why he should not do it. He has already proved his self study abilities by pass

A few tips during Exam Days

Posted by CA Vaishal Dalal 24 February 2009 17548 Views

[Important : This post is neither a piece of advise for anyone nor it is meant to offend anyone. I have just shared my feelings & my experiences about PCC studies & results. I have written it with pure heart and to avoid any offensive act, I