CAclubindia Articles
A Brief Analysis on Safe Harbour Rules
Background The tax litigation relating to Transfer Pricing has been the area of concern for the assessees as well as tax authorities. The determination of Arms Length Price (ALP) covers not only financial but also the economic analysis of the
Insistence with Companies Act 1956: A Step Backward
The November 18th announcement made by ICAI seeking attention of those appearing for Nov, 2014 is definitely a step backward. After the entire Hullabaloo, post November 5th when CA final students were shell shocked to find themselves staring at the P
Dealing in Bonds - Practical Aspects
What are bonds?Bond is a debt security in which the holder is paid interest at regular interval till maturity and the principal amount at the same date. You can think it as an IOU (I Owe You) given by the issuer to the lender.How interest is paid?Gen
Calculation of Tax Exemption on LTA
In an earlier post we looked at the conditions governing tax exemption on leave travel allowance (LTA). In this post we will look at the calculation of the tax exemption amount. As mentioned in the earlier post, the exemption is available only on tra
Right Issue - Practical Aspects
What will be the effect on issue of right shares? Why it is not issued in market directly? Will the shareholders be at any profit/loss? Let us move by defining it and the case onwards.What is right issue of shares?Right shares are simply the shares i
Internal Audit and Risk Management
Internal Audit and Risk Management Whether Synonyms or something else. By CA Jai Prakash Agarwal M.Com, LL.B, ACMA, ACA, ACS, DISA (ICAI), DIRM (ICAI), UGC NET What is Risk Management? Risk management once a jargon has become a much kno
Inflation Cost - Allowability under Business Head of the Income Tax Act,1961
Sri S.S.Tarapore, retired Dy. Governor , Reserve Bank of India, and a popular columnist in The Hindu Business Line, Eenadu dailies time and again requests the RBI authorities to do justice to the poor depositors by payi
Cenvat Credit Rules from scratch Part-2
Hello friends, Greetings of the day to you all!!In continuation with the previous article the next part is ready .so lets begin discussing the remaining topics.. The link for first part Q-1 What are the timing, manner a
Tax Exemption on Leave Travel Allowance
As a company engaged in the business of payroll processing and statutory compliance related to payroll, we wonder if the tax law governing tax exemption on Leave Travel Allowance (LTA) is among the most complex tax legislations in India. Each year or
Income Tax Short Notes: A summary
INCOME TAX FOR C.S.EXAM DEEMBER 2013Heads of Income:Income of a person is classified into 5 categories. Thus, income belonging to a particular category is taxed under a separate head of income pertaining to that category. Section 14 of the Act, has
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