CAclubindia Articles
HRA a tool of tax planning: Queries
Few days back ( on 13th Nov 2013)I posted an article on exemption from house Rent allowance House Rent Allowance-A tool of Tax planning for employees Really I feel very happy to see the responses to the article and good to know that pe
Making Money out of Forex and IR Swaps
Arbitration in ForexArbitration in forex is the possibility that the profit can be made out of exchange trading on the basis of forward rate and prevailing interest rate in 2 different countries.Profit can only be made if returns made by borrowing fr
Karniti Part:11 "Sachin" like Retirement & its Financial Planning
Karniti Part 11 (Sachin Tendulkar Special)Sachin like Retirement and its Financial PlanningKeeping conversation between Lord Krishna and Arjuna as the foundation we will learn certain basic financial and tax matter. Let us try to get an
Service Tax on Builders and Developers - Issues
In this article we have examined the provisions relating to real estate with focus on what is more relevan
Decoding - FDI
First few thoughts that appear in our mind as we hear about Foreign Direct Investment or FDI as it popularly known are FDI in multi brand retail, wallmart, loss of business for small and medium enterprises, etc. Ins
Service Tax on Export of Services
Since the day I started reading tax it was dinned in my ears that exports are tax free and that it is akin to blasphemy to export tax. Change alone is permanent in this universe and taxation is no exception? The Finance Act, 1994 has seen many ups
Service Tax on Educational Institutions
Article 21A of The Constitution inserted by The Constitution (Eighty Sixth Amendment) Act, 2002 is notified with effect from April 1, 2010. This Article deals with “Right to Education” and states as under: “The State shall provid
Audit and Auditors under the Companies Act, 2013 & Draft Rules
There is a huge tremendous Change in new Provisions under the Companies Act, 2013 with respect to Auditors as compared to the old Companies Act, 1956. The new Act intents to improve Corporate Governance and to further strengthen regulations. The Onu
"Service" & "Consideration" - Random Thoughts
Understanding of "Economic Activity" and "Consideration" in Service Tax- Random ThoughtsThe concept of negative list regime is that there should be an economic activity [as differentiated from personal activity] whether carried out free of charge or
House Rent Allowance - A tool of Tax planning for employees
House Rent Allowance (HRA) is second component which is found in each pay slip after basic salary. This is the major contributor in tax relief for the employee who reside in rented house during his/her employment.Generally employee submits Rent recei
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