CAclubindia Articles

All about IT Form 16 for salaried employee

Posted by CA SONIYA AGARWAL 24 July 2015 18480 Views

What is Form 16:- If you are salaried employee in an organization, then you will get the salary after deducting tax by the employer. Therefore Form 16 is a certificate issued to you by your employer stating the Personal details of the Employee includ

Hidden features of fixed deposit account

Posted by Sanyam Jain 24 July 2015 15650 Views

Banks are on spree of cutting down interest rates and this is the best time to lock in your funds at higher interest rates before it slips down more. Usually fixed deposit investment is one of the most transparent investment options, even an adolesce

CBEC issues guidelines for detailed scrutiny of Excise Returns

Posted by Bimal Jain 24 July 2015 21208 Views

CBEC issues guidelines for detailed scrutiny of Excise ReturnsBackground:The Central Board of Excise and Customs (�CBEC� or �the Board�) vide Circular No. 185/4/2015-ST dated June 30, 2015 had laid

Exam preparation points for November 2015

Posted by Ankur Garg 24 July 2015 72467 Views

Dear CA Aspirants, Please find below some suggestions for November 2015 CA Examination preparation. Below mentioned suggestions are quite general in nature and act as a checklist for Exam preparation. This write up is in the nature of reminder for st

Points to be considered by a taxpayer before filing an ITR

Posted by CA ANKIT GUPTA 24 July 2015 16065 Views

1. Due Date of Filing of Income Tax Return is proposed to be extended to 31 August �2015 in respect of Assessment Year 2015-2016. 2.The maximum amount of deduction available under Chapter VI A has been extended from Rs.1,00,000 to Rs.1,50,000

Right to litigate must be replaced with right to justice

Posted by CA Anil Garg 24 July 2015 9227 Views

Our legal system is one of the most inefficient in the world is not a secret, with bottom ranking on contract enforceability in ease of doing business index. Even CJIs have been record predicting complete breakdown of our legal system since time imme

TDS on Interest other than Interest on Securities 194A

Posted by CMA Poornima Madhava 23 July 2015 16975 Views

Any person (not being an individual/HUF*), responsible for paying to a resident any income by way of interest other than interest on securities, is responsible to deduct tax at source and deposit the same to the Government Treasury within the time st

Fate of GST bill in Rajya Sabha

Posted by Bimal Jain 23 July 2015 9308 Views

Fate of GST Bill in Rajya Sabha: Clouds of dissonance on the ongoing Monsoon sessionThe much talked about Goods and Services tax (�GST�) Regime has been creating a buzz amongst all, eagerly waiting for the monsoon session of the Parliamen

Key features of GST

Posted by CA Chitresh Gupta 23 July 2015 21460 Views

GST Knowledge Series#2Goods & Service Tax � Key FeaturesIn continuance of our earlier series titled GST Knowledge Series# 1, Understanding the Mechanics of Goods & Service Tax, we have discussed the basic DNA of Goods & Service Tax

Understanding the mechanics of Goods and Service tax

Posted by CA Chitresh Gupta 23 July 2015 6018 Views

GST Knowledge Series#1Understanding the Mechanics of Goods & Service TaxThe Goods and Services Tax (GST) is a comprehensive value added tax (VAT) on the supply of goods or services. It is levied and collected on value addition at each stage on sa