Popular Articles

NINE WAYS TO AID YOUR MEMORY

Posted by Jitender Garg 28 March 2008 12263 Views

It is more natural to forget something than to remember it. If you intend to remember something, apply as many of the following techniques as possible. 1. Be flexible. Experiment with many learning procedures. Be willing to abandon outmoded

sub prime crises

Posted by CA Praveen Chopra 27 March 2008 4168 Views

Lessons from the Sub-prime Crisis[Submitted by CA Praveen ChopraGandhidham] March 25, 2008Sub prime crisis is seen as an ugly incident that has dealt a heavy blow to the investors’ confidence, spelling doom on the securitisation markets across

Highlight of 6th Pay Commission

Posted by CA Praveen Chopra 27 March 2008 8531 Views

Highlights: 6th Pay Commission[Submitted by CA. Praveen Chopra,Gandhidham] High performers to get 3.5% increment against normal 2.5% Enhanced pay scales for nurses, teachers and constabulary Existing rates of most of the allowances to be doubled

Belated Return

Posted by Manasi 27 March 2008 55540 Views

Better Late then Never It is the statutory obligation of every person to furnish a return of taxable income, where the total income in any relevant financial year exceeds the maximum amount which is not chargeable to income tax. The return of income

Life insurance premium paid and claim u/s 80C

Posted by RAJAN GUPTA 27 March 2008 23754 Views

Important Pointshould keep in mind while claiming deuction on life insurance premium paid u/s 80C are given below: Deduction u/s 80c of income tax is available to Individual and Huf Assessee. Maximum total eligible amount under this head (LIFE insu

Cenvat credit on mobile phones

Posted by CA Praveen Chopra 26 March 2008 11697 Views

CENVAT Credit on Mobile Phones[Submitted by CA Praveen Chopra,Gandhidham,Gujarat]March 25, 2008Cenvat Credit is allowed to output service provider in respect of service tax paid on input services, which are consumed in providing output service.It is

Analysis of Retirement Benefit ( Gratuity)

Posted by CA Praveen Chopra 26 March 2008 22451 Views

Analysis of Retirement benefit (Gratuity)[Submitted by CA. Praveen Chopra,Gandhidham]March 26, 2008Meaning :-Gratuity is a statutory benefit paid to the employees under the Payment of Gratuity Act, 1972 who have rendered continuous service for at le

Rights in Raid

Posted by CA Praveen Chopra 26 March 2008 19221 Views

DREADING A SEARCH: KNOW YOUR RIGHTSFor the revenue intelligence agencies, search is a powerful instrument to gather evidence against tax evaders. In fact, given the magnitude of tax evasion in the country, searches are conducted almost everyday by on

FAQ ON CENVAT

Posted by CA Praveen Chopra 26 March 2008 22688 Views

CENVAT FAQWhat is CENVAT Credit?Cenvat Credit is a scheme where the manufacturers or the output service providers are allowed a set off of the taxes paid on the inputs or the input services that are used while manufacturing the final products or prov

PAY LESS STCG AFTER BUDGET -HOW

Posted by RAJAN GUPTA 26 March 2008 7798 Views

Dear friends ,As you know in budget 2008 ,our Finance Minister has increased the short term capital gain on share transaction, on which securities transaction tax (STT) has been paid, from 10% to 15 % .This has been done under section 111A for indian