CAclubindia Articles

Merilyn Shipping's case analysis with Cal-HC decision

Posted by CA Aman Gupta 04 July 2013 12097 Views

CIT -vs.- Crescent Export Syndicate (ITAT 20 of 2013) (Cal-HC) Brief Facts: The assessee incurred expenditure during the year on which TDS have not been deducted. The AO disallowed the expenditure u/s 40(a)(ia). On appeal, the Tribunal relied on

All about HUF its creation and tax benefit

Posted by CA Vinay parmar 03 July 2013 130133 Views

A HUF is a separate entity for taxation under the provisions of S.2 (31) of the Income Tax Act, 1961. This is in addition to an individual as a separate taxable entity. This indicates that a person may be assessed in two different capacities- as an

Note on changes in companies (Acceptance of Deposits) Rules, 1975

Posted by Ajay Mishra 03 July 2013 23089 Views

NOTE ON CHANGES IN COMPANIES (ACCEPTANCE OF DEPOSITS) RULES, 1975 In March 21, 2013, Ministry of Corporate Affairs (MCA) has made amendments in provision of Rule 2 of the Companies (Acceptance of Deposits) Rules, 1975, by way of Notifications. T

Authority for advance ruling under State VAT Act cannot give clarifications under CST Act

Posted by Amit Bajaj 03 July 2013 13655 Views

Andhra Pradesh High court in Prathista Industries Limited vs Commercial tax Officer [2013] 61 VST 58 (AP) has held that Authority for advance ruling under State VAT Act cannot act as Authority for Advance Ruling under Central sales Tax Act, 1956.

Analysis of 20:80 scheme by builders

Posted by CA Vinay parmar 02 July 2013 24279 Views

You all know that sales of residential property are down in every city, the slow down in sales and liquidity problem has forced the all over developers to come with such kind of scheme that can lure the buyer's/ Investors etc and here they are

Restructuring of CA Profession Part VI

Posted by CA SURENDRA KUMAR RAKHECHA 29 July 2013 14924 Views

9. Please give your expectations from ICAI * 1. First of all; whose suggestions are accepted for the betterment of the profession; should be appreciated by the Institute. An e-mail or letter of appreciation may be sent to him so that each member w

Restructuring of CA Profession Part V

Posted by CA SURENDRA KUMAR RAKHECHA 27 July 2013 12687 Views

8.How do you describe the various services rendered by ICAI. *1. Services regarding registration of students; supply of study materials and membership related services; there are lot of improvements compared to the past. 2. The publications of

Restructuring of CA Profession Part - IV

Posted by CA SURENDRA KUMAR RAKHECHA 16 July 2013 12943 Views

B. Training: 1. The entitlement of number of articled clerks to be trained by a member should not be allowed on the basis of number of years in practice only. A reasonable amount of YEARLY FEE EARNED PER ARTICLED CLERK should also be a criteria f

Restructuring of CA Profession - Part III

Posted by CA SURENDRA KUMAR RAKHECHA 13 July 2013 17295 Views

The good initiative for the profession is : Graduates are also now allowed to join CA. A large number of accountants presently serve unorganized industry in India who dont maintain proper Books of Account. To make the system student friend

Restructuring of CA Profession - Part II

Posted by CA SURENDRA KUMAR RAKHECHA 08 July 2013 14233 Views

During CPE hours learning; members are supposed to have contents of the topics likely to be covered beforehand rather than to supply it on spot and/or after the lecture. Since the accounting profession is expanding like galaxies in the universe;