CAclubindia Articles

Basic Exemption/Rebate under Income Tax - Budget 2013 FAQ's

Posted by Manoj Agarwal 03 March 2013 147002 Views

Income Tax Credit/REBATE of Rs. 2,000 - Detailed Analysis / FAQs Frequently Asked Questions (FAQs) Q1. Whether basic exemption limit for Individuals, HUFs, AOP & BOI under the Income Tax Act, 1961 has been raised

FAQ - Deduction for Interest on education Loan

Posted by @VaibhavJ 03 March 2013 15803 Views

Q. Who is eligible for deduction us/ 80E? A. Education loan should be taken by Individual (not to HUF or other type of Assessee ) Q. Is loan taken in name of any family member is eligible fo

Fraud Risk Mitigation Process in Organizations.

Posted by Dr. Rashid Mehmood, CPA, Ph.D 03 March 2013 11550 Views

The fraud is a growing issue in all types of industries, business, cultures and management, a study report published by Metricstream Inc unveiled that a typical organization loses its 5% of revenue each year because of the fraud and fraudulent act

Budget 2013 Direct Taxes Highlights

Posted by CA. VIKAS RAI 03 March 2013 23366 Views

PROVISIONS RELATING TO DIRECT TAXES- 1. No Change in slab rates & Super Rich Tax postponed - There no change in slabs, but the Individual & HUF whose income is upto 5 Lacs get a Tax credit of Rs.2,000/-. Effectively slab is increased for t

Union Budget 2013 - Changes

Posted by Manoj Pala 02 March 2013 17283 Views

The Honble Finance Minister Mr.P.Chidambaram has presented Union Budget 2013 in both the houses of Parliament on 28th February, 2013 at 11 Hrs sharp. There is no change in the rate of duties and accordingly the rates of Excise T

Service tax analysis of Budget 2013

Posted by Member (Account Deleted) 02 March 2013 32454 Views

SERVICE TAX ANALYSIS 1. HEADING-Scope of Negative List Widened SECTION- 65B (11) OF FINANCE ACT, 1994 MEMORANDUM EXPLAINING THE FINANCE BILL Definition of 'approved vocational education course' provided in section 65B (11) is bein

India's growth story?

Posted by Durga Rao 02 March 2013 8419 Views

In the recent past, there is much talk among the business people, media and also society about Indias growth story, consequences of slow-growth rate, ways to improve the growth and taking the growth rates again to more than 8%. Growth can c

Direct Tax Budget - Highlights

Posted by Member (Account Deleted) 02 March 2013 15996 Views

Direct Tax Highlights 1. Tax Rate Comparison A) Individual, Hindu undivided family, association of persons, body of individuals, artificial juridical person No change in the rates of income tax applicable to individual, Hin

Budget 2013 - Highlights - Service Tax

Posted by Madhukar N Hiregange 02 March 2013 19240 Views

Finance Bill, 2013 has been submitted to Parliament by the Union Finance Minister, Mr.

Sec 80EE - Should you rush to buy a house?

Posted by CA Suraj Lakhotia 02 March 2013 21205 Views

Increasing savings and their optimal allocation for productive uses lead to higher economic growth. The household sector must be incentivised to save in financial instruments rather than buy gold. Excerpt from Budget Speech