CAclubindia Articles

No books, no penalty u/s 271B

Posted by Tony John 05 August 2013 45926 Views

I would like to discuss through the article, more on the controversial issue of non imposition of penalty under Section 271A and 271B if no books of accounts are prescribed under section 44AA with a recent case law. Before we go deep into the topic

Taking up a career as a Company Secretary

Posted by Manjit Banga 05 August 2013 14028 Views

A qualified CS can either be employed by a company or can start his/her own practice. A company secretary starting his/her own practice requires a Certificate from The Institute of Company Secretary India (ICSI). Students who manage to complete the

Extension of Filing Date is not extension date for payment

Posted by CA. Chikkerur C R 03 August 2013 14359 Views

Yesterday ( 31St July) was last date to file ITR for AY 2013-14 & Pay tax due on this. People including me were so busy to complete this unwanted task (Hated for few Tax Payers). Many were gathering their info in last minute; few people were se

Capital Gains summary-specially for CA Final

Posted by POOJA CHANDAK 03 August 2013 56061 Views

CAPITAL GAINS Applicable for A.Y.2013-14 Today very few people might have not known the word Capital Gains Tax. Section 45 of the Income Tax Act, 1961 deals with taxability of capital gains. Section 45 says that any profits & gains arising fro

What makes you a Chartered Accountant!!

Posted by CA Pallav Singhania 01 August 2013 37709 Views

Hello everyone after a long time I'm writing an article, I hope you that this will encourage and motivate you as my earlier ones did. This article is all about what makes a person to become a Chartered Accountant. The word Chartere

Company Secretary as a Profession

Posted by Manjit Banga 01 August 2013 13757 Views

Generally speaking all organisations are required to employ at least one corporate or company secretary. There are a few necessities for a company secretary. The most important requirement to be a company secretary is to be a member of a ministry ap

Assessee can't be forced to avail particular Exemption Notification

Posted by Bimal Jain 01 August 2013 10644 Views

The Department cant force assessee to avail a particular exemption Notification when benefit of other exemption Notification is available An important judgement of the Honble CESTAT, New Delhi in the case of M/s Winsome Yarns Ltd. Ver

Business Ethics as a tool for organizational growth

Posted by Kannan Iyappan 01 August 2013 13293 Views

Business ethics is a form of applied ethics. In broad sense ethics in business is simply the application moral or ethical norms to business. The term ethics has its origin from the Greek word ethos, which means character or custom &nda

Suggestions to FM- CBEC on VCES

Posted by Madhukar N Hiregange 01 August 2013 7959 Views

Voluntary Compliance Encouragement Scheme VCES Suggestions to make it Successful CA Madhukar N Hiregange The VCES scheme purports to be for the 17 lakhs non filer and non payers. It is a variation of several amnesty scheme we have see

Power To Amalgamate - "An inherent right of the Company"

Posted by Ravi Kapoor 29 July 2013 9554 Views

Mergers and acquisitions has become an indispensible part of the external corporate restructuring in the wake of modern economic scenario. They have been playing an important