CAclubindia Articles

Salary Individual Tax deduction for 2014 Income Tax

Posted by CA Chirag Chauhan 10 February 2014 96321 Views

Salary Individual Tax deduction for 2014 as per Income Tax ActSalary Employee faces difficult task in saving tax. Though there are many section under which they can save tax, however not everyone is aware of all the benefits which they can claim. The

Letter of Credit / Documentary Credit

Posted by CS M Pota 08 February 2014 62549 Views

Letter of Credit/Documentary Credit Letter of Credit/Documentary Credit is a one of the method of payment through which payment in theinternational as well as domestic market is effected for the goods purchased or service provided. Though there is a

Mauritius Route : A Long Lasting Story

Posted by CA Bhavik Mehta 08 February 2014 21328 Views

Mauritius route A Long Lasting Story Mauritius -officially the Republic of Mauritius is an island nation in the Indian Ocean about 2,000 kilometers (1,200 mi) off the southeast coast of the African continent.Since independence in 1968, Maurit

Forex - Basics - Part 2

Posted by @*CS Siddharth Bumb. * 07 February 2014 42548 Views

Hello Frends,First I would like to thank to all you members who supported me for my earlier part. Thank you so much friends.Last time we saw few basic concepts of forex like Direct and Indirect Quote, Base and Incidental Currency, two way quotes etc

Simple solution to complications faced by Salaried Assessees

Posted by Sahil Jolly 07 February 2014 20122 Views

Well, the scenario I am going to elucidate is not something new or unheard off, however, there are few cautions which are often ignored thereby resulting into complications being faced by Salaried Assessees. Quite some number of times it so happens w

Role of a CA in Implementing an ERP

Posted by Bharath Rao 07 February 2014 21501 Views

Role of a CA in Implementing an ERP Business Expansion and Development is a continuous process with every successful Enterprise. In this era of technological growth, we now observe all over the world, a “Big Bang” explosion among the ente

Capital Gain Exemption under section 54GB

Posted by KCJM and Associates 06 February 2014 32991 Views

INVEST IN YOUR OWN BUSINESS AND SAVE TAX ON CAPITAL GAIN!!!Capital Gain Exemption under newly introduced section 54GB of the Income Tax ActTill 2012, one of the way to claim exemption from the chargeability of Long Term Capital Gain on transfer of a

Register of members under sec 88 of Co act 2013

Posted by CS M.Kurtrala Nathan 06 February 2014 64981 Views

Introduction: Section 88 of the companies act 2013 deals with the register of members. This article tries to explain about it and efforts has been made to append both the section and draft rules relating to ROM for easy understanding.Register of mem

Tax deduction at source and emerging issue

Posted by CMA Devi Vara Prasad Korada 06 February 2014 21383 Views

Tax Deduction at Source (TDS) gained so much of importance in the recent years comparing to the earlier years because of insertion of Form 26AS (Online Tax Credit Statement for Assessees). Same got more importance in the recent period with insertion

194 IA - TDS on sale of Immovable property - Complete details

Posted by CMA Devi Vara Prasad Korada 06 February 2014 436228 Views

Background:TDS on transfer of immovable property has been inserted with effective from 01-June-2013 in Finance Act 2013 by inserting a new section called 194IA.Applicability: Applicable to all the transfers of the Immovable properties expect the tran