CAclubindia Articles
Provision for Expenses - Allowable expenditure
We have to make provision for various expenses based on the estimates at the year end as we are following the accrual system of accounting. But the income tax department was disallowing the same on the ground that same being contingent in n
Will the RBI deregulate the savings account interest rates?
A banks operational performance depends on it ability to get low cost deposits and to lend it to borrowers at a higher rate. Banks typically mobilise the funds from the public using various types of deposits like Current ac
Tips to face stress at office - Articled Assistant
FRIENDS.... People are much stressed out at their Office due to unwanted pressures from their Boss and their peers. Given below are some tips to avoid the same: 1. First relax. Office is the place where you are going to learn some work. 2. Listen to
BIG 4S - Do they create a Better CA? A Big Question?
Hey friends - A Very Good evening to all the members of CCI Family. Friends Today I am here to discuss a very vital topic for all of us i.e " BIG 4'S - Do they create a Better CA ? A Big QUESTION &qu
Chargeability of gifts made to HUF u/s 56 of IT Act
Chargeability of gifts made to HUF u/s 56 of I.T Act 1961 In this article the author has made an attempt to distinguish between the exemption benefits granted to Individual or HUF on gift received by them, although both of them are covered by the
Correction in Challan Paid
Summary : Earlier correction was not possible in challans while making errors at the time of payment. Same is now possible from bank, but you should contact the bank within 7 days. Challan Correction Mechanism Under OLTAS (On Line Tax Accou
Snapshot of Independent Director
INDEPENDENT DIRECTORS A Snapshot. The new legislation may require an independent director to have understan
Applicability of VAT or CST on interstate works contract
In this article an attempt has been made to clarify the position in regard to the levy of VAT or CST on inter-state works contracts. The State Governments have the power under entry 54 of the State List of the Seventh Schedule to the Constitution
Problems and Solutions in E-TDS
E TDS PROBLEMS AND SOLUTIONS The topic of TDS (Tax Deducted At Source) is most important now days. If the assessee does not get the Tax credit in his Income Tax Return for the TDS deducted by the deductor, this may result in additional
Self Study Vs. Tuition Classes - The Burning Debate
Should I go for self study or coaching? What subjects to take and what to leave at a time? Which faculty will be good? Either go for all subjects at once and then revise at own? I think almost each one of us has been caught in such a situation. The
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