CAclubindia Articles

Rajiv Gandhi equity saving scheme sec 80CCG

CA Prashant Gupta 03 July 2012 at 13:52

Finance Act 2012 has inserted a new section 80 CCG, This will be applicable for the A.Y. 2013-14. Following conditions must be fulfilled to claim this deduction: i. The gross total income of the assessee for the relevant Assessm

Restricted Input tax credit on inter-state stock transfers

Amit Bajaj 03 July 2012 at 13:52

Restricted Input tax credit on inter-state stock transfers whether constitutional? Most of the States have legislated provision in their respective VAT Acts for allowing a restricted input tax credit on the goods purchased within State if such goo

Beat the stress

*RENU SINGH * 03 July 2012 at 13:51

Stress :- Stress is the biggest cause of suicides in the whole world at this time. In china, there are 2lakh of death per year just because of stress . And in India, this figure is 1.90 lakhs , the second highest in the world. And youl

The need of XBRL

Pooja Kapoor 02 July 2012 at 11:34

Pooja Kapoor NRO0217151 M: 8437294700 XBRL The Need of XBRL in the Present Era has become curiostic. It is very easy to get the most exotic information by just typing some key words at an internet search engine. Investors, Stakeholders and Ana

CA - "Come Again" or "Certainly Achievable"?

Priyavarshini Jagannathan 02 July 2012 at 11:34

Chartered Accountant - "CA" - The abbreviation actually has turned up the lives of so many people from the dark, and has brought them into the light.! :) But, there still, are a handfull of aspirants who have been stuggling to face the bri

Understanding deductions of section 80-IA & IB

Manish Kumar Agarwal 02 July 2012 at 11:34

Chapter VIA of the Income Tax Act, 1961 covers only deductions available to assessee under section 80 of the Income tax act, 1961. The assessee by some act as mentioned can reduce its taxable under this provisions. Amongst number of sub-sections of

What are the consequences of Non - Filing of Returns

Amita jhunjhunwala 30 June 2012 at 15:39

Q. What is Income Tax Return Filing? Ans: Return of Income is nothing but an evidence of the income earned by a person (individual, company, LLP, AOP, BOI, and HUF etc.). It is merely mode

Non- Compliance of TDS might discontinue your business

Amita jhunjhunwala 30 June 2012 at 15:39

Opening : The entire economy of the world revolves around one universal statement Somebodys income is somebodys payment. TDS drives it origin from this unive

Last Date to Appoint Cost Auditor & Penal Provisions

Rahul Jain 28 June 2012 at 11:57

Last date for appointment of Cost Auditor for f/y 2012-13 by the Comanies is 29th June(90 days from start of f/y),before that comany has to pass the board resolution for appointment from auditor and obtain cerificates of independence and arm len