CAclubindia Articles

Recent amendments for Electoral trusts

Posted by Gaurav Jain 26 April 2013 17711 Views

Note on Electoral Trust With an object to reform the system of funding to political parties , the Finance Act (No. 2), 2009 introduced a set of provisions (Section 13B) for the electoral trust under the Income Tax Act, 1961 (the Act). Sectio

How to Deal with order U/S 263 of IT Act

Posted by Kkchhaparia 26 April 2013 111932 Views

1. Section 263 deals with the powers of the Commissioner to revise the orders pre-judicial to the interest of the Revenue. During recent times, this power is being utilised frequently, particularly with respect to assessment passed u/s 147 of I.

A Satirical Take on Life of a Big4 Article

Posted by Subbu 25 April 2013 31328 Views

I have learnt more about punctuation doing Call and Compare or CC as its lovingly called than I Have learnt in school. My suggestions are always valued.When I say I dont want to go to any outstation audit. I immediat

Do Not Quit

Posted by Ankit Aryal 25 April 2013 25572 Views

I feel real sad when people

Service Tax Return for the period July to Sept 2012

Posted by Seetharaman K C 25 April 2013 25362 Views

This refers to the Service Tax Return for the period 1st July 2012 to 30th September 2012 which I have filed for some of my clients the last date of filing of which is 30th April 2013. I found that none of the returns filed by me has been reflecte

One profit level indicator of a comparable

Posted by Rupesh Srivastava 25 April 2013 10474 Views

HC: Tribunal was wrong in holding that if one profit level indicator of a comparable Whether, in view of the first proviso to section 92C(2) of the Income-tax Act, 1961, the Tribunal was correct in holding that if one profit level indicator of a co

FAQs About Non-Banking Financial Companies

Posted by Kumar A. Ranjan 24 April 2013 22524 Views

Non-Banking Financial Companies FOREWORD

How to prepare for Corporate & allied law - CA Final

Posted by Tejpal Sheth 24 April 2013 65214 Views

Dear Students, During my interaction with number of students of CA Final on their questions "how to prepare for Corporate and Allied law", i come accross difficulties faced by them. More particulrly, what to read, how to read, what are i

Counting instances of Duplicate Invoice Nos. in Excel

Posted by CA Rishabh Pugalia (ExcelNext) 23 April 2013 27085 Views

CASE STUDY: Counting instances of Duplicate Invoice Nos. APPLICATION AREAS: Vendor Payment, Account Credits SOLUTION: =COUNTIFS() EXAMPLE: Step 1: Write =COUNTIFS( Step 2: Choose range of list. E.g. A4:A13 Step 3: Press a

Can we buy gold now?

Posted by CA AP PRAKASAN 23 April 2013 16860 Views

CAN WE BUY GOLD NOW? INTERNATIONAL SCENARIO Let us analyse the both International and National scenario to identify the trend of the gold. Look at the international price of gold as on 19th April 2013, the gold closed at $ 1400.65 per oun