CAclubindia Articles

Karniti Part-18: Beware of Stamp duty value of Immovable property

Posted by CA Umesh Sharma 06 January 2014 41467 Views

Beware, Adhere to Stamp duty valuation of Immovable property under Income tax. Arjuna (fictional character): Krishna, It is astonishing that on 1st January Government instead of giving gift of New Year to the taxpayers, it increased Stamp Duty Value

How to pass Cenvat credit on Imported goods by Importer

Posted by Bimal Jain 06 January 2014 60030 Views

Dear Professional Colleague,Amendments in the Cenvat Credit Rules, 2004 and the Central Excise Rules, 2002The Finance Minister had constituted a Forum under the Chairmanship of Dr. Parthasarathy Shome and the Forum had received certain difficulties f

Citizen's Charter is incomplete without Business Services

Posted by CA Anil Garg 06 January 2014 16025 Views

It is heartening to listen to Mr. Kejriwals speech in Delhi Assembly during vote of confidence. He has rightly mentioned that Citizens Charter is an integral part of anti-corruption measures. A government official is likely to stop doin

How to Choose CA Firm for Articleship - 10 Key Decisors

Posted by CA Ankit Gulgulia (Jain) 03 January 2014 65777 Views

Heroes are made by the paths they choose, not the powers they are graced with. Brodi Ashton, EverneathIf you choose to not deal with an issue, then you give up your right of control over the issue and it will select the path

Mandatory Pan Under The Income-tax Act

Posted by CA Pallav Singhania 03 January 2014 39091 Views

A Permanent Account Number (PAN) is one of the most important documents in the country today. It is an identification number which the Income Tax Department gives to all taxpayers. You need to quote the PAN for all financial transactions like opening

How to take maximum tax advantage of House Rent Allowance (HRA)?

Posted by Deepak Nagori 27 July 2020 77654 Views

Maximum Tax Advantage of House Rent Allowance (HRA)House Rent Allowance (HRA) is provided by an employer to his employee to meet the rental cost of the residential house of the employee.

All About TDS Saving Forms 15G & 15H

Posted by Palak Aggarwal 02 January 2014 160491 Views

Form 15G and Form 15H are self declaration forms required to be furnished by the Assessee to his banker to avoid the tax deducted at source (TDS) on his/her investments.As per Section 194A of the Income Tax Act, 1961, all banks and financial institut

Investing in Mutual Funds and its Tax Implications

Posted by CA Surbhi Singhal 02 January 2014 36673 Views

Hello readers. Greetings of the season! As the New Year has arrived, some of us have resolved to indulge in disciplined financial planning in an effort to achieve our financial goals. By means of this article, I aim at helping

Compounding of offence in Company Law 1956

Posted by sachin pathak 02 January 2014 20415 Views

621. OFFENCES AGAINST ACT TO BE COGNISABLE ONLY ON COMPLAINT BY REGISTRAR, SHAREHOLDER OR GOVERNMENT(1) No Court shall take cognizance of any offence against this Act, which is alleged to have been committed by any company or any officer thereof, exc

Accounting Standard Simplified Part-1

Posted by CA Pallav Singhania 02 January 2014 66805 Views

AS-1 Disclosure of Accounting Policies Significant Accounting Policies followed in preparation of accounts be disclosed at one place along with the financial statements. Any change and financial impact of such change should be disclosed. If