CAclubindia Articles

Beware of the side effects of TDS on deposits in Co-op banks

Posted by CA Umesh Sharma 18 May 2015 14878 Views

Karneeti Part 89 Beware of the side effects of TDS on the Interest of Deposits in Co-op. Banks w.e.f 1st June, 2015Arjuna (Fictional Character): Krishna, Income Tax Department has introduced the provision of TDS deduction on the Interest of Fixed Dep

GST - A detailed explanation with examples!

Posted by Shivashish 18 May 2015 140281 Views

Brief Intro: Introduction of Goods and Services Tax (GST) will indeed be an important perfection and the next logical step towards a widespread indirect tax reforms in India. As per, First Discussion Paper released by the Empowered Committee of the S

Income computation & disclosure standards

Posted by Unnat Agarwal 18 May 2015 11799 Views

Introduction At present India is going through one of the major tax reforms. In last two budgets our Finance Minister had introduce lots of things to make our economy globalize. �Income Computation and Disclosure Standards is one of the parts o

New procedure for registration under MVAT

Posted by Yash Goyal 18 May 2015 26916 Views

Dear All, The Department of Maharashtra has taken initiatives for simplifying the procedure of registration under MVAT, CST, PTEC and PTRC. Key points of the new procedure are as follows. A single online application is required to be made for registr

Campus placement and salary for CAs

Posted by Himesh Katuria 15 May 2015 63062 Views

Report on Campus Placement Programme � February-March, 2015* The Committee for Members in Industry (CMII) of ICAI organizes Campus Placement Programmes for Newly Qualified Chartered Accountants twice in a year and is committed to provide world

MAT: Retrospective tax is back?

Posted by Karan Sahi 15 May 2015 14550 Views

IntroductionThere exists proverb in English �Once bitten, twice shy�. This proverb doesn�t hold well in case of Indian tax system. After facing the Backlash from the international investors in case of Vodafone retrospective case whi

Clarification on applicability of secretarial standards

Posted by VIGNESH SC BOSE 15 May 2015 15472 Views

Secretarial Standards on General / Board meeting � Clarification - Considering the date of effectiveness of Secretarial Standards from 1st July, 2015, the Institute clarifies that these Secretarial Standards shall apply to Board Meetings and Ge

Taxation of gifts by an Individual/HUF

Posted by CMA Poornima Madhava 15 May 2015 28190 Views

As per section 56(2)(vii) of Income Tax Act, gifts received by an individual or a hindu undivided family in the form of money or property (without consideration or with inadequate consideration) is taxable as income under the head Income from Other S

10 must read recent case laws for all professionals (relevant for CA/CS)

Posted by Rohit Jain 15 May 2015 46759 Views

Case laws! These two words are enough to cause a flood of different reactions from anguish to interest in our mind. Case laws are basically the laws or guidelines which are an outcome of judicial pronouncements. A judgment is a treasure trove of know

Benefit to exporters under foreign trade policy 2015-2020

Posted by CA. SRIKANTHA RAO T 15 May 2015 23155 Views

By CA Srikantha Rao TThe Foreign Trade Policy 2015-2020 effective from 1st of April 2015 provides quite a few incentives to exporters of goods and services in India considering the �Make In India� initiative of the Central Government. Two