CAclubindia Articles

Analysis of Retirement Benefit ( Gratuity)

CA Praveen Chopra 26 March 2008 at 23:56

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

Cenvat credit on mobile phones

CA Praveen Chopra 26 March 2008 at 23:56

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

FAQ ON CENVAT

CA Praveen Chopra 26 March 2008 at 16:01

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

RAJAN GUPTA 26 March 2008 at 12:14

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

Deferred Tax

CA Praveen Chopra 25 March 2008 at 19:54

Budget 2008 : Proposal to add back deferred tax for book profits not in harmony with MAT objectives MARCH 24, 2008By Praveen ChopraTHE purpose behind introduction of MAT was to tax Corporates which distributed substantial dividends without paying any

To Be Simple Yet Happy

SSA JI 25 March 2008 at 15:17

To Be Simple Yet HappyIt is so simple to be happy but so difficult to be simple. Be contained to be content should be your motto if you want to accomplish the aforesaid fact.Happiness is a condition of the mind which different people perceive in diff

GENERAL TIPS TO STUDENTS

Deepak Maithani 25 March 2008 at 10:53

(A) Before the examination - (a) Understand the subject thoroughly. (b) Do not memorise answers without understanding. (c) After getting general idea of a subject, select at least 80 important questions and prepare them thoroughly.

Deduction for Higher Education Loan 80E

RAJAN GUPTA 25 March 2008 at 10:53

Relevant clause of section are reproduced hereunder for ready reference :80E. (1) In computing the total income of an assessee, being an individual, there shall be deducted, in accordance with and subject to the provisions of this section, any amount

Learning from Mistakes

SSA JI 24 March 2008 at 19:06

Learning from MistakesThis is a story about a famous research scientist who had made several very important medical breakthroughs. He was being interviewed by a newspaper reporter who asked him why he thought he was able to be so much more creative t

What to Check before investing for Section 80C

SSA JI 24 March 2008 at 19:00

What to Check before investing for Section 80C or How to Make Best Use of Section 80CMost of the Income Tax payee try to save tax by saving under Section 80C of the Income Tax Act. However, it is important to know the Section in toto so that one ca