CAclubindia Articles
Income Tax Return of Deceased Assesse
This article is meant for young professionals in practice who in the course of their practice come across cases where they may be requested to file return of a deceased assesse.With experience I can say that upon the death of the assesse, filing of t
Taxability of Prepaid coupons like sodexo
What is the taxability of Prepaid Coupons?As it is not possible to discuss all the perquisites in one article, let us discuss the taxability of a perquisite which is always in question taxability of prepaid coupons say for example Sodexo coup
Rebate U/s 87A
Section 87A of the Income Tax Act, 1961 was introduced in Finance Act, 2013 to give benefit to a large number of people whose net total income is less than Rs. 5,00,000/-. The rebate under this section is available to resident
TDS on Salary
TDS ON SALARY and Rebate U/s 87AAny person responsible for paying income chargeable in the hands of recipient as Salaries shall make TDS u/s 192 of the Income Tax Act, 1961. The article discusses some basic aspects of the provisions o
Karniti Part-39: Now You Can Create Modiji Like One Person Company
Arjuna (Fictional Character): Krishna, Recently one person has shown that nothing is Impossible and created history, that person is Current Prime Minister of India Mr. Narendra Modi
Useful Interpretations about Companies Act, 2013- Part-1
Dear Professional Colleagues, During the process of decoding new provisions and stipulations of Companies Act, 2013, I have observed below mentioned interpretations about few important topics which affect our day to day corporate working. This write
Income Tax Return - Which form to use for IT Filing AY 14-15
The Income Tax Department has come out with all Return Form applicable for AY 2014-15. The below table will give you details of usage of forms by Assessee. Forms Who can use this Return Form Who cannot use this Return Form
Relevance of IDT to Marketing function
What The Marketing Executive/ Manager needs to know about Indirect Taxes?The successful marketing man knows the customers needs well, understands his business, the cost of products / services sought to be sold, looks at serving the customer better. I
Relevance of IDT to Purchase function
What The Material/ Procurement Executive/ Manager needs to know about Indirect Taxes? The successful material/ purchase officers knows the production needs well in terms of quality, timeliness and quantity. He also understands the cost of products /
Understanding Speculation Profit/ loss with latest Case Laws
1. S. 73 of the Income-tax Act provides that any loss computed in respect of speculation business carried on by an assessee will not be set off except against the profits and gains, if any, of another speculation business. Further, where any loss com
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