CAclubindia Articles

Landmark ruling on Section 271(1)(c) by Karnataka High court

Posted by Rupesh Srivastava 10 July 2013 27854 Views

(2013) TaxCorp(LJ) 1412 (HC-KARNATKATA) S. 271(1)(c) - Merely because the assessee accepted addition or deletion and did not challenge the assessment order by way of appeal, it cannot be concluded that such addition or deletion amounts to concealmen

CBDT rescinds Transfer pricing circular

Posted by Rahul Chilal 10 July 2013 10364 Views

History: CBDT had issued 2 circulars on 26th March 2013 relating to the selection of transfer pricing method to be adopted by Tax authorities for determination of Arms Length Price in case of research & Development units of MNCs lo

Rent and Building Value

Posted by Mohammed Ibrahim 10 July 2013 25018 Views

If a property produces a net income of INR 3,00,000 per annum and a purchaser desires 5 percent return on his capital, he will pay INR 3,00,000 x 100/5 = 60,00,000/- maximum for that property. 100/5 = 20 is a multiplier. The

A financial check list before you buy your Dream Home

Posted by Ramalingam K 10 July 2013 14082 Views

The HOME, DREAM HOME is a sentimental objective of every individual those started their carrier in the recent past. It gives the immense pleasure of significant achievement in their life time. Hence everyone is diverting their sizeab

West Bengal Entry Tax Act as Unconstitutional

Posted by Ritesh Kumar Agarwal 09 July 2013 28587 Views

Background The State of West Bengal, with effect from 01 April 2012, had introduced an Entry Tax on entry of specified goods into the state of West Bengal for sale, use or consumption into the state. In November 2012, the levy was chal

FDI - Pros & Cons

Posted by rishu 09 July 2013 23186 Views

In recent times there has been a lot of debates and opposition with respect to the Indian govt. policies for bringing FDI in Multi-Brand Retail. Everyone of us knows that single brand retail FDI had already been permitted by the

Issuing C form is statutory obligation of buyer, can be enforced by a writ petition in the High Court

Posted by Amit Bajaj 09 July 2013 12949 Views

Many a times I receive queries on a common problem faced by many dealers all over India that what to do when the interstate purchaser of goods refuses or doesnot issue the requisite C forms after purchasing the goods at concessional rate of CST @ 2%

Working Capital: Concepts & Its Management

Posted by Member (Account Deleted) 05 August 2016 41332 Views

Working Capital Management When we hear about �Working Capital� the first question that comes into our mind is what is �Working Capital� and How to manage it? So friends lets understand all the concepts related to Working

5 Things You Must Know About Tax Audit

Posted by CA. Brijesh Baranwal 09 July 2013 30231 Views

1. As per the provisions of section 44AB of the Income Tax Act, 1961, every person carrying a business whose turnover exceeds Rs. 1 Crore or carrying a profession whose receipts exceeds Rs. 25 Lacs in the finan

Comprehensive Procedure for E-Filing of Tax Audit Report

Posted by CA Sudhir Halakhandi 08 July 2013 120171 Views

Registration of CA Go to incometaxindiaefiling.gov.in and click on REGISTER YOURSELF and select the option Tax professional Chartered Accountant. The Registration Form will require your Membership Number, enrolmen