CAclubindia Articles
Formulae in Commerce Subjects
A Formula is a simple way of expressing information. These are usually used in Science and Mathematics apart from commerce areas. Further, more often these are expressed in the form of equat
All about Corporate Social Responsibility (CSR)
Background and Meaning: Corporate Social responsibility (CSR), is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active c
AS-26- Intangible Assets, Its Accounting Treatment And Disc
Hello everyone, thanks for the appreciation for the first part of AS 26, now we will start the second part of our AS 26, before starting the second part attaching first of the articlehttp://www.caclubindia.com/articles/recognition-of-intangible-asset
Refund of unutilized Cenvat Credit - Partial Reverse Charge
Dear Professional Colleague,Refund of unutilized Cenvat credit to Service Providers providing services under Partial Reverse Charge BackgroundPartial reverse charge mechanism has been introduced w.e.f. July 1, 2012 wherein both service provider and s
Six Easy Step To Reduce Your Tax Liabilities
As 31st March is coming closer, everyone is busy in tax planning. There are many illegal way to avoid tax but why to opt for that when you have many other legal way to reduce your tax liabilities.Here are the Six most easy way to counter attack with
TDS on Reimbursement of Expenses to Non-Residents
TDS on Reimbursement of Expenses to Non-Resident To elucidate the concept, considered the following cases from TDS deduction perspective u/s 195 of the Income Tax Act:- Rs. 10 lacs paid as Fees for Technical Services to Non-Resident (NR) and his exp
Recognition Of AS-26 - Intangible Assets, Its Accounting Treatment
Being a commerce professional the term Intangible Asset is so common, generally we think intangible asset is that asset which we cannot touch, feel, see etc. so according to this meaning prepaid advances is intangible assets as we cannot feel, touch
Importers issuing Cenvatable invoices requires CE Reg.
Dear Professional Colleague,Importers issuing Cenvatable invoices require registration under Central Excise & consequential amendments Background:Rule 9 of the Central Excise Rules, 2002 (the Excise Rules) provides the list of pers
Recognition Of Intangible Assets, Its Accounting Treatment
Being a commerce professional the term Intangible Asset is so common, generally we think intangible asset is that asset which we cannot touch, feel, see etc. so according to this meaning prepaid advances is intangible assets as we cannot feel, touch
Tax Benefit on Housing Loan
(Sec. 24, 80C and 80 EE of Income Tax Act) Repayment of Housing are divided into 2 components1. Repayment of the Principal portion2. Repayment of the InterestSection 80C: Tax benefit on Housing Loan (Principal Amount) The amount paid as Repayment of
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