CAclubindia Articles

Internal Audit Checklist for Statutory Dues and Credit

Posted by CA Ayush Agarwal 09 March 2013 108021 Views

Dear All Internal Auditor, Audit Check List is Must for Audit. Through Only You can Know What Left and What Done. Input credit (Cenvat Credit):- 1. Cenvat Credit refers to availing (taking) credit of excise duty charged on

Career In Company Secretary - Essential Points To Know

Posted by Manjit Banga 09 March 2013 186777 Views

Everybody has some career goals in mind. Something they are thinking of doing or becoming . For commerce students, there are many avenues where they can build up a good career in the future. Company secretary course is one such course which can be t

Campus Preparation

Posted by nikhil jand 08 March 2013 18917 Views

Search for Roti, Kapda & Makan begins for a Chartered Accountant as soon as he clears his final examination and finally the Institute of Chartered Accountant of India is ready to help them in getting Roti ,Kapda&Makan through Campus placem

Union Budget at glance Direct and Indirect

Posted by CA.Hanumantha Reddy 06 March 2013 21834 Views

Budget at glance for financial year 2013-2014 DIRECT TAXES Corporate tax rates remain unchanged Surcharge Domestic companies: Surcharge has been increased to 10% from 5% if the total income exce

Income Tax Practical Procedures in FAQ Style

Posted by Saurabh Maheshwari 06 March 2013 40180 Views

Introduction: Income Tax has always been a challenge not only for students, professionals or for Department but also for tribunals and courts. The reason may be the vastness and depth of the provisions of law which makes it sometimes complicated.

Interest: A Comparative Analysis

Posted by Souvik Kumar Ghosh 06 March 2013 13096 Views

Law under Service Tax: Services are being taxed under the Negative List approach w.e.f. 01.07.2012. The Negative List, incorporated under Sec-66D of the Finance Act, contains a list of services which are not liable for service tax. Services by wa

Budget- Is there any relief?

Posted by MudraMantri 06 March 2013 7316 Views

Goofy, a 24 year old techie, in Bangalore was worried to the core. He was constantly scrolling the TV channels to find out if there is any relief for a salaried class like him. But alas, there is nothing. The only thing that matters to him and

Place of provision of Service Rules, 2012 (PPS Rules)

Posted by ankush 06 March 2013 38455 Views

Background Section 66B of Finance Act, 1994 levies service tax on value of all services provided or agreed to be provided in the taxable territory by one person to another. Section 66C grants powers to the Central Government to frame rules to

Judgments Overruled by Finance Bill 2013

Posted by Rupesh Srivastava 05 March 2013 15915 Views

Finance Bill 2013 may overrule Following Court decision. 1. Proposed Amendment in Application of seized assets under section 132B The existing provisions contained in section 132B of the Income-tax Act, inter alia, provide that seized assets may be

Budget 2013-14- Nothing to cheer

Posted by Mahesh Kapasi 05 March 2013 8906 Views

There is nothing to cheer in Union Budget 2013-13. A routine affair with elections in mind is the effort by our Honourable Finance Minister Mr. P. Chidambaram, who is tough Finance Minister he has tried to show growth of economy-to win electi