CAclubindia Articles

FAQs on TAN

Posted by Garima 30 January 2008 16639 Views

What is TAN?Ans. TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. It is compulsory to quote TAN in all TDS/TCS returns

What is Professional Skepticism

Posted by Kaustuv 28 January 2008 170436 Views

Professional skepticism § Professional skepticism is a key element of a quality audit § Professional skepticism means: · Not accepting the evidence you have gathered at face value· Continuing to pursue all avenues of inquiry on the topic at hand

5 EASY STEPS OF AIR

Posted by HARANATH 26 January 2008 6354 Views

5 easy steps to AIRThe data structure (file format) in which the AIR is to be prepared is given below: Data Structure (File format)Prepare AIR in accordance with the file format in clean text ASCII format. AIR can be prepared using in-house software

OVERVIEW - AIR

Posted by HARANATH 26 January 2008 4158 Views

ANNUAL INFORMATION RETURN (AIR) Annual Information Return (AIR) of 'high value financial transactions' is required to be furnished under section 285BA of the Income-tax Act, 1961 by 'specified persons' in respect of 'specified transactions' registere

procedure for e-payment of tax

Posted by HARANATH 26 January 2008 4160 Views

Procedure for e-payment: 1. To pay taxes online the taxpayer will select the relevant challan i.e. ITNS 280, ITNS 281, ITNS 282 or ITNS 283, as applicable.2. Enter its PAN / TAN as applicable. There will be an online check on the validity of

Top 10 Estimation Best Practices

Posted by CMA Gul S 25 January 2008 4515 Views

1. Use more than one person - By engaging the team in the estimation process we gain the benefits of additional insights and consensus building. Additional people bring different perspectives to estimating and spot things individuals may miss. Also,

FAQs ON SERVICE TAX

Posted by Garima 23 January 2008 10141 Views

F. A. Qs on Service TaxQ.1) What is Service Tax ? Ans. The Service Tax is an indirect tax levied on certain services provided by certain categories of persons/firms/agencies. Service Sector which had represented nearly 35-40% of GPD had remained unta

Liability of Service Recipient- An overview

Posted by Supreme Kothari 21 January 2008 13070 Views

Liability of Service RecipientAn overview The birth of Import of Services under the Finance Act, 1994 has been rather a silent incursion. The liability imposed on the receiver of a taxable service, in certain cases, where the provider of ta

Micro Finance, Theoretical Study

Posted by Sankar Ganesh 19 January 2008 8928 Views

MICRO FINANCE, A SCOPE 1. Introduction Mostly Micro Finance is the term used for funding poor families with very small loans to improve their livelihood but its activities grow more than providing small loans and it discusses a broad range of service

Company Secrets

Posted by Deepak Maithani 17 January 2008 6897 Views

Protecting Company Secrets More business owners are forcing their new hires to sign noncompetes. Should you? Once reserved for job-hopping executives and high-tech gurus, noncompete agreements are becoming standard in an unexpected range of businesse