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CAclubindia Articles


Penalty under Rule 27 for Technical Lapses? No Way

Posted by D R Pandit 20 December 2012 61691 Views

Rule 27 of Central Excise Rules 2002, is generously used for penalizing technical lapses. Many subscribe to the view that when penalty is imposed under Rule 27 for say, delayed filing of Returns, the penalty is payable. With due respect to all those



Deemed Dividend

Posted by KARTIKEY 18 December 2012 72981 Views

DEEMED DIVIDEND Deemed dividend under section 2(22) from an Indian company or any dividend from a foreign company is taxable in the hands of shareholders under the head Income from other sources, regardless of the fact whether shar



Cases on Income Tax decided by Supreme Court and High Courts

Posted by Raju S Narayanan 18 December 2012 43665 Views

Some of the case laws on Income Tax decided in the month of Nov2012: 1. Where assessee continued his employment with the firm, and was also given commission under Non-Compete Agreement ('NCA') for doing what he was normally ex



When to start planning for retirement?

Posted by Ramalingam K 17 December 2012 13034 Views

A question to be questioned: When a person should become health conscious? After becoming sick or before becoming sick or always There are some questions like this, though at the sub-conscious level we know the answer, our conscious mind s



The Role of short term sensations in the long term investment

Posted by Ramalingam K 17 December 2012 6600 Views

In the digital age, the current affairs reach our living room 24*7. The power of internet and social media makes the news and rumours spread like a wildfire. Because of this information overload we become so focused on details that we begin to ignor



Prosecution & cheque dishonour - New View

Posted by v. srikanth 17 December 2012 18040 Views

Section 138 of the Negotiable Instruments Act, 1881, deals with the consequences of dishonour of cheque for insufficiency , etc., of funds in the account. The provision provides for punishment with imprisonment for a term which may extend to 2 yea



Section 50C - A detailed analysis

Posted by Kailash Mehta 17 December 2012 151405 Views

Applicability of Section 50C to sale of immovable property by Builders and sale of immovable Property in block of assets. 1. INTRODUCTION: The generation of black money is major problem in India. Various committees were formed and number of suggesti



Concept of Additional Director and procedure for Appointment

Posted by CA Manish 14 December 2012 127226 Views

Concept of Additional Director Provisions related to appointment of Additional director (Section 260):- Although Directors are appointed by the shareholders in the General Meeting but section 260 authorize Board to appoint additional directors. Sect



Transfer Price in Advanced Management Accounting

Posted by CA Roopak Singh 14 December 2012 24844 Views

Transfer pricing comes into use when various divisions of a company deal with one another. A transfer price is that notional value at which goods and services are to be transferred by the supply division to receiving division. The goods that are pro



Cost Centre & Driver Miscalculation

Posted by Indraneel Sen Gupta 14 December 2012 10670 Views

This might sound like a stupid word but it has an in-depth meaning which saves the organization from travelling towards the path of destruction in the long term. Doesnt every sacrifice long term growth to achieve the forecast? This is one of




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