CAclubindia Articles

Buying Online Term Plan? Few Tips to Follow

Prof. Bajaj 22 March 2012 at 15:45

Nothing doing! Now no agent can fool me saying that endowment plans or ULIPs are good. I have understood that only term plan is the best form of risk cover. I am going to buy a term plan online. Said Niraj, a 29 year old IT profess

Lump sum scheme for payment of service tax in works contract

Amit Bajaj 21 March 2012 at 12:21

In works contract service lump sum scheme for payment of service tax in a works contract has been introduced by amendment in Rule 2A of the Service Tax (Determination of Value) Rules, 2006 vide Notification No. 11/2012 - Service Tax dated 17-03

Are Director Liable to Tax Audit & Service Tax as per Budget

CA Prashant Gupta 21 March 2012 at 12:18

ARE DIRECTORS LIABLE TO SERVICE TAX AND TAX AUDIT AS PER UNION BUDGET 2012-13 ? Till the date of budget, there is always confusion on treatment of directors remuneration. There is conflict about whether it is salary income or it is a bu

Internal Audit Basics

CA Satish Badve 21 March 2012 at 12:18

Internal Audit Basics The

Long and Strong performance in CS and other Exams!

Ankur Garg 20 March 2012 at 15:10

Hello Friends, As per my personal understanding for a long and strong professional career the foundation of your study should be very strong. I can say this because of my in-depth study of Institute Study Material. Dangerous Reality: Somewhere

Proposed income tax amendments in Budget 2012-13-Part-2

Amit Bajaj 20 March 2012 at 12:12

Consideration in excess of F.M.V of shares to be treated as income from other source if consideration received is in excess of Face Value of shares: It is proposed to insert a new clause (viib) in the aforesaid sub-section so as to provide that w

Vodafone 'Refund' Amendment - Possession is 9/10th of the law

ANANDH SUNDAR 20 March 2012 at 12:11

The Budget of FY12-13 dropped a tax bombshell by introducing a retrospective change in law from 1962, directed at Vodafone and other simillar cases. While my esteemed seniors will doubtless analyze or litigate this change in law, I thought it fit to

How Much "Convenience Tax" You are Paying?

Prof. Bajaj 20 March 2012 at 12:09

"Convenience Tax? When was this tax imposed? Government has no other business than to impose new taxes everyday?" might be a normal reaction after reading the title. Well, the good news is, this tax is not really levied by the Go

Input Service Distributor's choice taken away

Pradeep Jain 20 March 2012 at 12:09

Changes have been brought in Rule 7 of Cenvat Credit Rules, 2004 vide Notification No. 18/2012-CE (NT) dated 17.03.2012

Playing 'Economic' Moneyball - The Union Budget 2012-13

Guest 19 March 2012 at 13:44

In 'Moneyball', Billy Beane the General Manager of the Oakland Athletics, a small town baseball team with a tiny budget, faces the challenge of winning games in Major League Baseball beating teams such as the New York Yankees whose budget is