CAclubindia Articles

Take care and make your life easier - CA's

CS RAJESH C.CHOUDHARY 08 August 2011 at 12:10

- At early age if the person manage to have his own residence house. He would prefer to go for that first. It will not only give the benefit of tax, but vis--vis offers security in life. He would also think of the following option available

Concept of Advance tax

CMA Ramesh Krishnan 08 August 2011 at 12:10

Concept of Advance tax Introduction: According to sections 208 of the Income tax Act 1961, tax shall payab

When the going gets tough, the smart guys cook the books

ANANDH SUNDAR 08 August 2011 at 12:09

When the going gets tough, the smart guys cook the books-examples of Jet and Kingfisher Warren Buffet famously said that an investor should have shot down the first aircraft that the Orwells flew, so that future investors would not have seen value

Why Do We Make Things So Difficult?

Krish 06 August 2011 at 12:04

Why Do We Make Things So Difficult? Why does it happen, so often? When I think that I will start wake up early morning from tomorrow but I dont able to follow the same, while at the examination time I dont make commitments and I w

Accounting by Real Estate Developers

CA Sachin D Jain 06 August 2011 at 12:03

The total Cost can be divided under the following Cost Centers: Project Cost Centre (PCC) Specific Costs Head Office Cost Center (HOCC) Common Costs and Administration and Selling Costs

Piece of Advice

Archana Das 05 August 2011 at 14:39

As we have 4 days to go for the ipcc/pcc resuts everyone must be worrying sick about it here are few tips as to how to overcome the fear,tension etc within you: 1) Be positive We must take baby steps to get this attitude of being positive...dont hur

Inventories defined and Rule 3 (5B) of CCR

Manoj Pala 05 August 2011 at 14:39

INVENTORIES defined and read in terms of Rule 3 (5B) of CCR; Inventories are assets (current assets) which encompass a) RAW MATERIALS held for use in the production process or in rendering of services b) Stores, maintenance suppli

Late Fee and Penalty for delayed filing of ST-3 Returns

Kaustubh Ram Karandikar 05 August 2011 at 14:39

Late Fee As per provisions contained in Section 70 of the Finance Act, 1994, a person liable to pay Service tax

Minor / Minority and capacity to contract - An analysis

Alok Rudra 04 August 2011 at 14:43

Under Section 11, a minor is a person who has not attained the age of 18 years. The age of the majority of a person is regulated by Section 3 of the Indian Majority Act, 1857.

NRI's can't claim concessional tax rate u/s 115H for interest

CA. Anuj Gupta 03 August 2011 at 12:19

Recently Madras High Court in the case of Dr. M MANOHAR(Appeal No 759 of 2004) decided an important question Whether the interest on the deposit made out of the interest income also qualified for concessional rate as the investment income de