CAclubindia Articles

Tax Clarifications For Your Multiple House Property Investments

Posted by Chenoy Ceil 04 July 2013 48817 Views

If you are wondering how many residential properties you can own? Well, legally speaking, there are no restrictions on owning more than one house property. Today, owning multiple house properties is fast catching up with the urban population and thu

Merilyn Shipping's case analysis with Cal-HC decision

Posted by CA Aman Gupta 04 July 2013 12074 Views

CIT -vs.- Crescent Export Syndicate (ITAT 20 of 2013) (Cal-HC) Brief Facts: The assessee incurred expenditure during the year on which TDS have not been deducted. The AO disallowed the expenditure u/s 40(a)(ia). On appeal, the Tribunal relied on

Appointment of Cost Auditor

Posted by Vatsal Bhandari 04 July 2013 54129 Views

Appointment of Cost Auditor The procedure has been modified by the Cost Audit Branch of the Ministry of Corporate Affairs vide General Circular No. 15/2011 dated 11th April 2011. Difference between new and old procedures of Appointment of Cost

Internal Audit-Role of Management and Internal Auditor

Posted by Ca Jai Prakash Agarwal 04 July 2013 33944 Views

Internal Audit Role of Management and Internal Auditor in its successful and effective execution WHAT IS INTERNAL AUDIT? Internal Audit as the name implies is an audit which is got carried out by the internal management. Generally internal audit is

Authority for advance ruling under State VAT Act cannot give clarifications under CST Act

Posted by Amit Bajaj 03 July 2013 13632 Views

Andhra Pradesh High court in Prathista Industries Limited vs Commercial tax Officer [2013] 61 VST 58 (AP) has held that Authority for advance ruling under State VAT Act cannot act as Authority for Advance Ruling under Central sales Tax Act, 1956.

Note on changes in companies (Acceptance of Deposits) Rules, 1975

Posted by Ajay Mishra 03 July 2013 23052 Views

NOTE ON CHANGES IN COMPANIES (ACCEPTANCE OF DEPOSITS) RULES, 1975 In March 21, 2013, Ministry of Corporate Affairs (MCA) has made amendments in provision of Rule 2 of the Companies (Acceptance of Deposits) Rules, 1975, by way of Notifications. T

All about HUF its creation and tax benefit

Posted by CA Vinay parmar 03 July 2013 130085 Views

A HUF is a separate entity for taxation under the provisions of S.2 (31) of the Income Tax Act, 1961. This is in addition to an individual as a separate taxable entity. This indicates that a person may be assessed in two different capacities- as an

Restructuring of CA Profession - Part I

Posted by CA SURENDRA KUMAR RAKHECHA 02 July 2013 21721 Views

ACCORDING TO THE DEMAND OF THE TIME AND THE CHANGED SCENARIO; THE CHARTERED ACCOUNTANCY EDUCATION AND TRAINING REQUIRE TOTAL RESTRUCTURING: A. Education: 1. The study materials should include case studies to create interest in the relevant sub

All about WILL

Posted by CA CMA CS Ram Pavan Kumar Melam 02 July 2013 18571 Views

Introduction Will is a legal declaration of the intention of a testator through testamentary instrument with respect to his property, which he desires to be carried into effect after his death. It includes codicil and every document in writing mak

How to Invest in Stock Market - Long Term and Short Term?

Posted by Ramalingam K 02 July 2013 13191 Views

Investing long term in stocks looks like a conservative mode of managing money. Is this a right statement? Will I lose my money by investing short term on the stock market? Do I reap the real benefits with short term stock investments?