CAclubindia Articles
No consistency in PE income attribution
Ankit Dangayach 10 October 2007 at 01:51No consistency in PE income attribution There has been a debate on the taxability of turnkey contracts where portion of a contract is executed outside India. In Ishikawajma-Harima Heavy Industries Ltd case, the Supreme Court, in 2006, ruled that mere
Financial Instruments
Kamaraj Mani. N 09 October 2007 at 17:21Company faces many kinds of risks like unanticipated changes in demand, selling price, costs, taxes, interest rates, technology, exchange risk, etc. As a result of this, profitability of the company is going against the nature. Risk management is no
Stay outside Taxman's radar- avoid cash gifts!
CA Nikita 09 October 2007 at 11:50A fool judges people by the gifts they give him, says a Chinese proverb. The proverb would not stand its ground in India, thanks to the taxman extending his cold fist towards gratuitous amounts dropped in your pocket. Over the past years, India has w
Unlocking the Budget Code
CA. Rayan Sequeira 08 October 2007 at 21:33"It is my privilege to present the Budget for 2007-08" were the words of our honourable finance minister Shri P.Chidambaram as he set the ball rolling & opened the yearly mystery package, generating a wave of curiosity across the nation as to wha
Eliminating The Audit Expectations Gap: Reality or Myth?
CA. Rayan Sequeira 08 October 2007 at 21:33A gap between the auditor's actual standard of performance and the public expectations of auditor's performance."Blessed is the man who expects nothing, for he shall never be disappointed" is one of the famous quotes by Alexander Pope what we had bee
Enrooting to Alternatives....
CA. Rayan Sequeira 08 October 2007 at 21:33What happens if you are in need of money but bounded by laws & restrictions??? What would you do, if someone appreciates your work & is ready to avail funds for you to improvise & innovate your ideas.... & you cannot take it due to res
SOME CREATURES OF NATURE AND THEIR FOOD
CA. Rayan Sequeira 08 October 2007 at 21:33Wondering what this article is all about?? Creatures of nature & food featuring in an Income tax Article? Yes, This article is something about creatures and their food. Don't you people feel it's always a boredom to talk about law and sections? S
Brass Tacks of Excise
CA. Rayan Sequeira 08 October 2007 at 21:33Central Excise duty is an indirect levy and collection of tax on goods manufactured or produced in India. To levy any duty, tax etc it should be in accordance with the constitution of India. Entry 84 of Union List empowers the levy of excise duty on
Tone up the IT Act!!
CA Nikita 07 October 2007 at 21:58The next Budget is some months away but already the air is rife with expectations, what with the Finance Minister announcing the arrival of a new income-tax code before end-2007. The Companies Bill, 1993 and the Companies Bill, 1997 flattered to dece
Win or Loose The option is Your's
CA. Rayan Sequeira 06 October 2007 at 16:15The turnaround in the Indian economy has paved way for new & sophisticated Financial instruments to mark their arrival on the scene, thereby broadening the "Investors' Basket". In the year 2000, the Indian capital markets welcomed one of such ins
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