CAclubindia Articles
Sec. 36(1)(iii) and principle of commercial expediency
Section 36(1)(iii)- Principle of Commercial expediency As per Sec 36(1)(iii), Deduction shall be allowed for The amount of interest paid in respect of capital borrowed for the purposes of business or professionFor the purpose of claim
Contribution - the concept I love most
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
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
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"
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
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
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
"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
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
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
Popular Articles
- SBI Savings Account Interest Rate For September 2026: Know How Much You Can Earn?
- Income Tax Refund Delay Reasons for AY 2026-27
- Life Certificate for Pensioners 2026: Eligibility, Benefits and Check Who Can Submit?
- Cheque Book New Rules 2026: Check If Your Old One Is Still Valid?
- Canara Bank 444 Days FD Interest Rate for FY 2026-27
- Tax Audit Rules 2026: New Changes, Limits, Forms and Due Dates Explained
- TDS on Purchase of Goods Above Rs 50 Lakh: Rules Under Income Tax Act 2025
- SBI Savings Account New Rule: Major Update in ATM Withdrawals From October 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
