CAclubindia Articles

Advance Pricing Agreements

Tarun M Guntanur 24 March 2012 at 15:16

Backdrop of APA introduction As widely reported, the conclusion of latest transfer pricing audits by Indian revenue authorities witnessed aggregate income adjustments to the tune of Rs 44,000 crore for one year alone, which is more than the aggr

Impact of Budget on Common Public

CA Prasenjit 24 March 2012 at 15:16

We, the common people had lots of expectations from the Budget 2012-13 in terms of more income tax exemption, more deductions in income tax & control of inflations. But the actual picture is far away from our expectations. Obviously common man

Financial Statement Analysis & Interpretation - Part I

CA. Aryendra 24 March 2012 at 15:16

Financial Statement Includes: Trading & Profit & Loss Account; which gives the result of years working. Profit & Loss Appropriation Account; which gives

TDS on Remuneration Paid to Directors

G S Rao 24 March 2012 at 15:05

TDS ON REMUNERATION PAID TO DIRECTORS u/s 194J(1)(ba) of INCOME TAX ACT,1961 Budget 2012 inserted a New clause 1 (ba) in Section 194 J which mandates TDS @ 10 % on any remuneration paid to Directors of a company. This clause will be effective

Deduction under 80 CCF discontinued

Tapas Ruparelia 23 March 2012 at 15:06

‎80 CCF DISCONTINUED:- Investments made in infrastructure will no longer be allowed as deduction from the Total income u/s 80CCF i.e. over and the above the deduction u/s 80C, the additional deduction of Rs. 20000 is discontinued from next fisc

Date of applicability of Changes in Excise and Custom Rates

Mihir Doshi 23 March 2012 at 15:06

This time common man, an Indian Tax payer was expecting magical budget with high benefits but for Individual its "Give and Take" kinds of budget. Honorable FM has increased the Exemption limit for Individual by INR 20,000/-, on the other h

Demand of time

Deepak kumar sharma 23 March 2012 at 15:06

Self dependency is a fruit of true success whether it is at personal level or country level. Mere being a professional is not a sign of true success. It is mere a launch pad of a journey. Money is not the measure of true success but the hard work is

Statutory Audit of Construction/Real Estate Companies: CARR

CMA Navneet Kr Jain 23 March 2012 at 15:06

Applicability of Cost Records in Real Estate/Construction Industry Statutory Auditors of Construction/Real Estate Companies to exercise caution By Navneet Kumar Jain, Practising Cost Accountant, Delhi Till the year 2010-11, cost records were require

Budget 2012 - Indirect Tax (Excise and Service tax)

Manoj Pala 22 March 2012 at 16:20

Indirect Tax I. Service Tax 1.1 Amendments to be effective from 1 April 2012 1.1.1 Change in Rate of Tax Rate of service tax has been increased to 12.36 percent (including Education Cess and Secondary & Hi

Analysis of Section 36(1)(iii) Interest on Borrowed Capital

Pankaj Gandhi Jaiswal 22 March 2012 at 15:51

Analysis of Proviso of Section 36(1)(iii) & Proviso (1) The deductions provided for in the following clauses shall be allowed in respect of the matters dealt with therein, in computing the income referred to in section 28