CAclubindia Articles


Plan your minutes and hours/days will be automatically planned

  CA Neha Bhuwania    11 June 2014 at 11:29

Time management is the most critical element of a student. Coming to think of it practically, the term looks simple and often heard of, but undoubtedly is hard to apply. A simple example would mean you could easily spend your time watching a movie fo



Disallowance of input tax credit on the ground that seller is bogus or cancelled dealer

  Amit Bajaj    11 June 2014 at 11:29

The system of VAT was introduced in the sales tax law to bring more transparency, efficiency, to remove tax cascading etc. The difficulties which may arise in any system comes to picture only when the system is practically implemented. One of the ma



Understanding Penalty under income tax with latest case laws

  Manish Kumar Agarwal    11 June 2014 at 11:28

Penalty is one of the weapon which is now used by Income tax department (ITD) for each & every kind of addition they are making during the assessment. Further recently the weapon also used for transfer pricing documentation also. The handling of



CBDT expanding the Scope of Audit Reports to be filed electronically

  Mukesh Lunawat    11 June 2014 at 11:28

Tax Alert M2K 011/ 2014 Documents to be furnished electronically along with the return of income Scope expanded by the Central Board of Direct Taxes ('CBDT') Existing Rule As per Rule 12(2) of the Income-tax Rules 1962 (IT Rules



12 interesting Changes in ITR FY 13-14

  S.ASWATH    10 June 2014 at 12:06

There are 12 interesting updates in the ITR of FY1314 which are : 1. There are no refund by Cheque and only e-refund will be allowedControversy : Till now there are two option such as e-refund as well as cheque. But where the refund exceeds the limit



New CA Act implication

  CS Ankur Srivastava    10 June 2014 at 12:06

Companies Act, 2013A review and immediate actions required Sr. No Particulars Section Action to be taken Time limit 1. Changes in letterhead, bills etc Section 12(3) Pri



Deposit under new CA Act

  CS Ankur Srivastava    10 June 2014 at 12:06

Detailed provisions of depositExisting Deposits: Where the deposit accepted by the company before the commencement of this Act, the amount of such deposit or part thereof or any interest due thereon remains unpaid on such commencement or becomes due



Karniti Part-40: State Budget: Relief in MVAT up to Rs. 10 Lakh but No relief for refund & LBT

  CA Umesh Sharma    10 June 2014 at 12:05

Arjuna (Fictional Character): Krishna, on 5th June 2014, Deputy Chief Minister and Finance Minister of Maharashtra State presented the finance budget for the year 2014-1



NRI - Non Resident Indian Frequently Asked Questions on Income Tax for AY 2014-15

  CA Chirag Chauhan    09 June 2014 at 12:05

Q) Who is NRI as per Income Tax Act? A) Residential status of an individual or HUF or a company is of great importance in Indian Income Tax Act as the liability to pay tax in India does not depend on the nationality or domicile of the Tax payer but o



Substance over Form

  Amol Gopal Kabra (CA,CS,DISA)    09 June 2014 at 12:05

The concept of substance over form is very difficult to understand for the students in the initial stage. Owing to initial confusion many students either keep it in option or even if they study, dont understand it fully. I have made a short at




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