CAclubindia Articles

Why should we file Income Tax return on Time?

CA Kapil Verma 22 June 2013 at 12:11

As per income tax act 1956, if the income of any person exceed the basic exemption limited limit of income tax act. Then he or she is required to file his/her income tax return accourding to the time limit specified in the section 139(1). Last dates

ST-Reverse charge Mechanism. Lets crack it

Saurabh Maheshwari 22 June 2013 at 12:11

Reverse Charge Mechanism under Service Tax Introduction Generally, liability to pay service tax is of the person providing taxable services, so the service provider collects service tax from the service receiver and deposit the same with

Introduction of New Audit Report Format by ICAI

CS DHANAPAL 21 June 2013 at 16:54

Revision in format of Implementation of SA 700 (Revised) /SA 705/SA 706

Interview Techniques - An Analysis of Practical Tools

CS SIDDHARTHA BANIK 21 June 2013 at 10:58

INTRODUCTION It has become a hot topic at CS/CA Fraternity regarding unavailability of suitable jobs at the market.

The Easiest Way to stop litigation in India

CA SURENDRA KUMAR RAKHECHA 21 June 2013 at 10:58

There are lakhs of LAW GRADUATES in India. Many of them are not engaged in the Law Profession which they chose as a Career (This situation is only in India; nowhere else) If they can utilize their professional skills to EDUCATE t

Cost of Acquisition of a Capital Asset acquired u/s 49(1)(ii)/(iii)(a) of the Income Tax Act, 1961

Bhaskaran Chackrapani Warrier 21 June 2013 at 10:58

COST OF ACQUISITION OF A CAPITAL ASSET ACQUIRED U/S 49(1)(ii) / (iii)(a) OF THE INCOME TAX ACT,1961. The income of a person has to be computed under any or all five heads of income for the purpose of levying income tax. Section 14

A new way to do tax planning and why hardly anyone "gets it"

Ramalingam K 21 June 2013 at 10:57

It really hurts to see a large pie of the salary cut towards tax. So the obvious question in everyones mind is How do I reduce my tax?. Every year we are forced to invest in something which reduces our tax liability. It may be N

Affidavit of Director or Promoter as per MCA circular 11 of 2013

Bhaskaran Chackrapani Warrier 20 June 2013 at 13:37

AFFIDAVIT (Ref :- MCA Circular No. 11/2013 dated May 29, 2013) I, Anonymous, aged about 60 years, son of (Late) Anonymous senior, residing at House no 10/2013, Author apartments, Club Road, Bangalore-560001 solemnly affirm and declare as follows:-

Analysis of Negative List

nitin 20 June 2013 at 13:11

1. INTRODUCTION In terms of Section 66B of the Act, service tax will be leviable on all services provided in the taxable territory by a person to another for a consideration other than the services specified in the negative list. Due to Section

10 Things you may not know about PPF

Ramalingam K 20 June 2013 at 12:58

One of the popular, preferred, and preeminent tax saving investments is PPF Public Provident Fund. We all know about PPF. Do we know all about PPF? Let us discuss in detail about PPF in this article and understand it comprehensively and comp