CAclubindia Articles

Chargeability of gifts made to HUF u/s 56 of IT Act

Gaurav Pahuja 20 September 2011 at 13:47

Chargeability of gifts made to HUF u/s 56 of I.T Act 1961 In this article the author has made an attempt to distinguish between the exemption benefits granted to Individual or HUF on gift received by them, although both of them are covered by the

Correction in Challan Paid

Manish Kumar Agarwal 20 September 2011 at 13:47

Summary : Earlier correction was not possible in challans while making errors at the time of payment. Same is now possible from bank, but you should contact the bank within 7 days. Challan Correction Mechanism Under OLTAS (On Line Tax Accou

Snapshot of Independent Director

CS Pankaj Khanna 20 September 2011 at 13:47

INDEPENDENT DIRECTORS A Snapshot. The new legislation may require an independent director to have understan

IGST Model - An Innovative Idea

Nagesh Bajaj 19 September 2011 at 18:21

The First Discussion Paper produced by the Empowered Committee of state Finance Ministers has come out with an innovative way to deal with inter-state transaction of goods and services. The forthcoming GST will be dual in nature and will be levied o

Forfeiture of Shares

CS Ankur Srivastava 19 September 2011 at 18:21

While making calls the following basic requirements must be satisfied: (i) For each call at least 14 days' notice must be given to members. (ii) Stock exchange(s) shall be advised of the proposal a

Self Study Vs. Tuition Classes - The Burning Debate

CA Sourabh Agarwal 19 September 2011 at 18:21

Should I go for self study or coaching? What subjects to take and what to leave at a time? Which faculty will be good? Either go for all subjects at once and then revise at own? I think almost each one of us has been caught in such a situation. The

Problems and Solutions in E-TDS

SIVARAMAN and SUNDARAM 19 September 2011 at 18:21

E TDS PROBLEMS AND SOLUTIONS The topic of TDS (Tax Deducted At Source) is most important now days. If the assessee does not get the Tax credit in his Income Tax Return for the TDS deducted by the deductor, this may result in additional

Applicability of VAT or CST on interstate works contract

Amit Bajaj 19 September 2011 at 18:20

In this article an attempt has been made to clarify the position in regard to the levy of VAT or CST on inter-state works contracts. The State Governments have the power under entry 54 of the State List of the Seventh Schedule to the Constitution

Tax Audit - A Glance (Part -III), Exhaustive reporting on 3CD

Karan Teli 17 September 2011 at 22:34

Greetings of the day to every one!!! I deeply apologise for the delay in writing my article but as you all know that as the Tax audit season going on, I am also engrossed in it and somehow tried to write this article with great efforts

RBI's crusade against inflation continues

Equitymaster 17 September 2011 at 22:34

The Reserve Bank of India (RBI) declared its mid-year monetary policy review for financial year 2011-12 today. High fuel prices, persistent inflation and expectations of liquidity overhang in global financial markets drove the RBI to tighten the mon