CAclubindia Articles

House Rent Allowance - A tool of Tax planning for employees

Posted by CA Chandra Kishore Bajpai 13 November 2013 115184 Views

House Rent Allowance (HRA) is second component which is found in each pay slip after basic salary. This is the major contributor in tax relief for the employee who reside in rented house during his/her employment.Generally employee submits Rent recei

Interest if dept unjustly hold rightfully earn Cenvat Credit

Posted by Bimal Jain 13 November 2013 14631 Views

Dear Professional Colleague, Assessee entitled to interest if the Department unjustly holds rightfully earned Cenvat credit We are sharing with you an important judgement of the Honble Gujarat High Court in the case of Hindustan Coca-Cola Bev

Danger But Best Period

Posted by CA Chirag 12 November 2013 31784 Views

After having writing articles on How to write in CA Exams and Last Days before CA Exams, I decided to write an article on Danger But Best Period. You might get surprised with the words Danger But Best

Karniti Part-10: After Diwali,Take care of health exps & Income Tax

Posted by CA Umesh Sharma 12 November 2013 16935 Views

Medical Expenses and Income Tax Arjuna: Madhava, just now Diwali festival has been celebrated. On the occasion of Diwali, we have discussed how books of accounts to be maintained and if one has to start new business then which tax laws are required

Taxation of Works Contracts under TN VAT act/ Rules - 3rd Revision

Posted by P.Jagadeeswaran 12 November 2013 96275 Views

Taxation of Works Contracts under TN VAT Vs Profit maximization in project execution. Meaning of Works Contract in TN VAT: Sec 2(43) defines as "Works Contract" includes any agreement for carrying out for cash, deferred payment or other valuable cons

XBRL Simplified

Posted by CA Chiranjiv Kumar 12 November 2013 21211 Views

What is XBRL?Standard definition - XBRL stands for eXtensible Business Reporting Language. It is a language for the electronic communication of business information, providing major benefits in the preparation, analysis and communication of business

Transparency in Corporate Restructuring along with Ambiguity

Posted by Mohit 11 November 2013 14772 Views

With robustness and Transparency which New Companies Act offers, it has also bought lot of ambiguity and unnecessary issues which needs to be clarified by MCA. The New Act has introduced many new concepts as compared to the existing Act and made mate

The Passion of Communication: Power of Semantics

Posted by Guest 11 November 2013 20495 Views

01. PREAMBLE 'SEMANTICS' is all about choosing the most appropriate word/words priority-wise and impact-wise when one begins to communicates. It is the first of the 'six' communication and presentation barriers that can help you to equip better to be

Forex rates movement- "Classical Interest rate differential theory" and its practical limitations

Posted by Srikanthan 11 November 2013 18300 Views

Forex rates movement-Classical Interest rate differential theory and its practical limitations Let me start with a caveat, inter se movement between currencies and the premia or discount that one currency commands over an

Fundamentals of Accounting

Posted by Dintakurthi Tirumala 11 November 2013 42419 Views

There are three types of accounts basically in the accounting, all the accounting entries shall be based on this accounts, these account types decides the nature of account and based on such nature of account treatment shall b