CAclubindia Articles

Scrutiny assessments under Income Tax Act 1961

Amit Bajaj 04 October 2010 at 11:01

The Scrutiny Assessments under Income Tax Act 1961 are made u/s 143(3). For many years now many of the returns of the assesses are accepted as they are being filed by the assesses and intimation is sent u/s 143(1) and only fewer cases are selected fo

Indo-Mauritius Treaty: Mortising Legality to Tax evasion

CA S.SAIRAM 04 October 2010 at 11:00

Indo-Mauritius Treaty: Mortising Legality to Tax evasion The thin line of demarcation between tax evasion and tax avoidance is the 'scienter' or the intent of fraud. The moment the adjudicating or apex authority fails to discern the

Tax Rates in GST regime

Member (Account Deleted) 04 October 2010 at 10:57

Goods and Service Tax is by far the most important tax reform of independent India, but today we stand at less than 7 months away and even tax rates have yet not finalized. There seems to be no consensus among Centre and States on this subject. Ch

LLP provisions simplified

Member (Account Deleted) 04 October 2010 at 10:55

This article would through light on procedural aspect of LLP right from the incorporation to winding up. A. INTRODUCTION The concept of Limited Liability Partnership (LLP) in India is viewed as an alternative corporate business vehicle t

Tax Audit for Individual Tax payers

CA. Chikkerur C R 02 October 2010 at 14:12

Article on Tax Audit for Individual Tax payers – for Beginners September month is a Tax audit month. Tax audit is popularly known 44AB audit. This article is intended to give insight on 44AB & help individual Tax payers (other than professi

Best Brain Foods Before Exams

Santhosh Poojary 02 October 2010 at 13:58

Best Brain Foods Before Exams… Consume a minimum of 5 servings of fruits and vegetables every day. Choose deeply colored items whenever possible: in general, the deeper the color, the greater the source of antioxidant and anti-inflammatory ph

Taxation - An exam oriented analysis

CA Siva Kishore 02 October 2010 at 13:58

IPCC-Taxation (4TH Paper) -An exam oriented analysis CA. Siva Kishore Dintakurthi M.com., A.C.A. The examination schedule for November 2010 is out. November examinations are approaching very fastly. In the light of the forthcoming examination

A fast growing firm can be a ticking time-bomb

Equitymaster 02 October 2010 at 13:10

Of all things in a company, an average investor seems the most enamoured with earnings. Especially the growth in earnings. A company that has managed to grow its profits by a factor of 5x to 6x over the last few years is dubbed as a super achiever.

Legal Process In Courts

advocate gaurav sharma 01 October 2010 at 10:58

THIS TOPIC WILL HELP THOSE WHO ARE NOT LAW GRADUATES. THIS IS GOING TO TELL U ABOUT OUR "CIVIL COURTS LEGAL PROCESS". THERE ARE MAINLY TWO COURTS IN INDIA "CIVIL AND CRIMINAL". CIVIL INCLUDE CASES LIKE PROPERTY, RENT, LEASE, LI

Service tax refunds: Are they just or unjust?

MONISH BHALLA 01 October 2010 at 10:39

No one can be taxed without any constitutional authority. If any tax or duty is collected by the department because of misinterpretation of the provisions of law, the same can be refunded if the taxpayer applies for a refund. Refund claims can be fil