CAclubindia Articles

Presumptive Taxation | An analysis

Sathya Sankeerth K N 14 May 2011 at 12:27

PRESUMPTIVE TAXATION Presumptive taxation involves lump sum levies on certain small-scale business activities to whom Section 44AB is not applicable. Thus Sections 44AD, 44AE and 44AF of the Income-tax Act, 1961, provide for estimating the income

Notice of Meeting

CS Bijoy 14 May 2011 at 12:27

NOTICE Meaning: A company is required to hold meeting of Board of Director and Meeting of Member /Shareholder , before holding the meeting of Board or Member the companyis required to informe about the meeting to all of them atleast before the pr

How does the value of rupee changes against the dollar ?

Member (Account Deleted) 13 May 2011 at 16:20

How does the value of rupee changes against the dollar or other currency? This is based on the economies of each country and relative demand for either of the two currencies. The change is the exchange rate has got to do with the demand&rdq

Revise your exam strategy

BAIJU MASOODU 13 May 2011 at 16:20

REVISE YOUR EXAM STRATEGY! If your exam is over, read this! You may have a sigh of relief after your May 2011 exam. Congratulations to all my friends who have put your maximum in the most respected professional examination of this country. Before y

Variation in Terms of Appointment of MD/WTD/NRD

CS Bijoy 12 May 2011 at 14:48

According to sec 268 of the Companies Act 1956 in the case of a Public Company or a Company subsidiary of Public Company the terms of appointment of MD/WTD/NRD can be revised,whether the condition is given in the Companies MOA or AOA or in the agr

An Brief Overview of Section 80P

CA J KUMAR 12 May 2011 at 14:48

An overview of Section 80P:- Following income are available for deduction to Co-operative societies A. Income from Banking Business:- In Case of a cooperative society providing credit facilities to its members, the whole of the amount of profit

Principle of Drafting

CS Bijoy 12 May 2011 at 14:48

DRAFTING MEANS: THE combination of Law and Fact in a language form. The process of Drafting operating in two planes-Conceptual and Verbal. Besides choosing the right word the right concept is also required to choose. In legal sense drafting

Examination Exhibit professionalism by complaining responsibly

Madhukar N Hiregange 11 May 2011 at 13:54

Examination Exhibit professionalism by complaining responsibly Madhukar N Hiregange FCA Year after year the professional examination are held and many students are unable to get through. The reasons could be many: 1. the high level of

FAQ's on Appointment of Cost Auditor by Companies

sunil 11 May 2011 at 13:52

Frequently Asked Questions on Appointment of Cost Auditor by Companies Q.1 Has the Government prescribed a new procedure for appointment of cost auditor by the companies? Ans. Yes. The procedure has been modified by the Cost Audit Branch

New Section 44AD - Text and Discussion

Amol Gopal Kabra (CA,CS,DISA) 11 May 2011 at 13:51

An overview of New Section 44AD of the Income Tax Act, 1961 that comes into effect from A.Y. 2011-2012 Section: 44AD Special provision for computing profits and gains of business on presumptive basis. (1) Notwithstanding anything