CAclubindia Articles

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

Draft your CV with care

BAIJU MASOODU 11 May 2011 at 13:50

Draft your CV with care "Send us your updated CV." This is the beginning of every hiring process. At the outset you are going to be evaluated based on your CV. The prospective employer has only minutes to spare for a primary evaluati

FAQ on refund process

CA Sanat Pyne 10 May 2011 at 12:28

1. What is refund process? The user is required to make various payments to avail MCA21 services. A number of instances have been observed where the users make multiple payments or incorrect payment or excess payment while using these services. I

Loss arising in case of Bonus Stripping

Alok Siddapur 10 May 2011 at 12:27

According to Section 97(8) if all the following conditions are satisfied then loss arising on account of purchase and sale of units(hereinafter referred to as original units) shall be ignored for computing income chargable to tax 1) Any person buys

CENVAT

Sathya Sankeerth K N 10 May 2011 at 12:26

CENVAT Basic purpose of VAT is to avoid cascading effect in the payment of taxes to the government. Its main advantage can be found as fall in the payment of taxes by the ultimate consumer. CENVAT also comes in the same format but is structured in

Income Tax Amendments by Finance Act, 2011

CA Ishaan 09 May 2011 at 16:23

The following changes have been effected in the Income Tax Act,1961 by way of Finance Act, 2011 : 1. Rates of Income Tax: Rates under the various categories have changed. INDIVIDUAL (EXCL. WOMEN) BELOW 65 YEARS OF AGE/HUF/AOP/BOI/AJP :

Compilation of Notifications Issued on or after 25/04/2011

CA Ishaan 09 May 2011 at 16:23

Many new notifications have been issued by the Central Board of Excise & Customs on 25-4-2011 in the field of Service Tax. They have been compiled here along with relevant inputs from the Letter by Joint Secretary(TRU-II) 1. DATE OF COMI

Levy of penalty or interest for non submission of C forms

Amit Bajaj 09 May 2011 at 16:18

As we know C forms are required to be submitted by a seller with the sales tax authorities after obtaining the same from the purchaser of goods if the sale is an interstate sales and CST has been charged at concessional rate of 2% as per the require

Challenges make you perfect

CMA Ramesh Krishnan 09 May 2011 at 16:18

Challenges make you perfect Introduction: In our life we need to face several challenges in every day. When ever we are facing challenges most of us we thinking about the trouble arising from the challenges and worried about the problem come out