CAclubindia Articles

Audit By Dept. Officers- CAG- Are they legal?

Posted by Madhukar N Hiregange 13 February 2014 10918 Views

The Central Excise as well as Service Tax have been amended post liberalization to follow the self assessment scheme. It means that the return is accepted as correct. However as a check against filing incomplete, incorrect, faulty returns there are p

Service Tax Implications of Plotted Development

Posted by Madhukar N Hiregange 13 February 2014 66663 Views

In this article we would examine what would be the effect of some services activity conducted in the course of a sale of immovable property in general and development of plots in particular. Consequently the impact of service tax. We also examine th

Technology in CA Education, E-Learning, Satellite Learning, Social Networking sites

Posted by Rishabh Ahuja 13 February 2014 15729 Views

Education is not just a word, its a base for everything that makes a person successful, from a daily labourer to the president of the country, everything is based on education. And therefore it is very important that it flows via proper medium

Are we Financially Literate?

Posted by Umesh Rijal 13 February 2014 12541 Views

Are we Financially Literate?Whenever the term money comes towards us we started to ponder and swagger our rationalism, but we are not sure that are we really literate about money or not

Forex - Parity Relationship - Part 3

Posted by @*CS Siddharth Bumb. * 12 February 2014 18911 Views

Hello Friends,First of all thank you so much for your support and lovely response.In earlier parts of Forex we saw some basics of Forex, in this part we will move to Parity relationships, I will try my best to simplify , hope you will understand.Plea

Interpretation of 'month' as per the IT Act 1961

Posted by Srinivasan Rangarajan 11 February 2014 35302 Views

A 'month' under the Income Tax Act,1961 - An English Calendar monthOR a lunar month of 30 days?You may be knowing that full interest is being charged for delayed remittance of tax for a part of a month (of the English Calendar, interpreting

Section 2(47)(v) may hit by change in 53A of the TP Act

Posted by Vaiyapuri kannan 11 February 2014 53027 Views

The real impact of the amended provision of the Registration & other Relevant Laws ( Amendment ) Act 2001 on taxation of transfer of capital assets under the circumstances referred to in clause (v )of section 2 ( 47) of the income tax A

Why AS 22 is applied

Posted by ESHA AGRAWAL 10 February 2014 25423 Views

My aim of writing this article is to discuss with you all why AS 22 is applied, generally this happens we study the whole AS, solve the questions, but we dont know the crux of it. So friends AS 22 is Accounting for t

Salary TDS - Marginal on Surcharge

Posted by T E Gautham 10 February 2014 22335 Views

As per the tax rates applicable for A.Y. 2014-15, if the annual taxable salary goes above Rs 1 crore, a surcharge of 10% on Income Tax is to be added to the Income Tax calculated as per the tax slabs. Consequently, the Total Income Tax calculation sh

Karniti Part 23: Is "LOVE" Tax free?

Posted by CA Umesh Sharma 10 February 2014 14887 Views

Arjuna (Fictional character): Krishna, Valentine's Day (14th February) is the festival of love, which is now celebrated worldwide. Love is the essence of life, it holds great importance in the life of a human being. While expressing love and affe