CAclubindia Articles

Contribution - the concept I love most

Posted by Tulasi S Sastri 24 December 2014 10671 Views

By Contribution, I am referring to Sales minus Variable Cost. In my four decades of working in Industry, I had applied this concept in many organizations, with great gains. For me today, it is perhaps the most important concept in Management Accounti

Third report of TARC

Posted by Bimal Jain 24 December 2014 9368 Views

THIRD REPORT OF TAXADMINISTRATION REFORMCOMMISSION (TARC) The Government had constituted Tax Administration Reform Commission (the TARC) headed by Dr. Parthasarathi Shome, on August, 2013, to suggest core reforms to the tax administrati

Plastic money strengths

Posted by CA Sumat Singhal 24 December 2014 16856 Views

PLASTIC MONEY STRENGTHS 1. Introduction: We are all well aware of the couplet defining the strengths of traditional money: Money has functions four, Medium, measure, Standard & Store. Society moved from barter system to common medium of exchan

Judiciary appointed, Government disappointed "CA/CMA"

Posted by Swapnil Munot 23 December 2014 17944 Views

Controversial and debated issue of whether board (CBEC) has power to conduct service tax audit of assessee has gone into various folds recently, but now it has got finality.Department has initiated and conducted Service Tax Audit of many assessees. H

Facilitating GST Law - An Analysis

Posted by CA Ankit Gulgulia (Jain) 22 December 2014 30446 Views

The GST Constitution Amendment Bill, (No. 192 of 2014) Facilitating GST Law (An Analysis) One of the major Indirect tax reforms that the country is now on road to witness is the incarnation of a single GST law instead of multipl

Benefits related to Research & Development expenses under Income Tax Act

Posted by CA Umesh Sharma 22 December 2014 13157 Views

KARNITI Part 68Benefits related to Research & Development expenses under Income Tax Act.Arjuna (Fictional Character): Krishna, ISRO succeeded in Mars mission by launching the largest rocket GSLV Mark III in space after lot of efforts and spending cro

Drafting an effective legal opinion

Posted by Vidhya Ravichandran 22 December 2014 23450 Views

"It is a fact that people usually agree to disagree. The same also applies to opinions expressed on a matter of law, statute, or any of its provisions, circulars, notifications etc. Thi

Effect of GST on real estate developer

Posted by ramesh 22 December 2014 17703 Views

Effect of GST verses VAT, Service tax, CST & Excise duty on Real Estate Developer:-It is a great news that the GST has been tabled in our parliament but as per my analysis this is a not a good news for the public and the developer, when it comes

Types of insurance

Posted by yashika jain 22 December 2014 8015 Views

I am sure most of us have insurance policy. Infact now a days having an insurance has become a necessity which was earlier considered as necessary. We want that in the event of any mishap our kids should be insured so we get insurance. As soon as we

Construction PE- Finer Aspects

Posted by MOHIT JAIN 22 December 2014 5532 Views

Article 5(3) of UN model provides for existence of construction PE as under;- A building site, a construction, assembly or installation project or supervisory activities in connection therewith, but only if such site, p