CAclubindia Articles
Short Note on Rejection of Draft Offer Documents
INTRODUCTION The Securities and Exchange Board of India (SEBI) has vide General Order dated October 09, 2012 framework general criteria subject to which draft offer documents filed for issue of
Wealth Tax: Taxes on your wealth!
Wealth tax is a direct annual tax, payable every year like your direct taxes. It is another type of direct tax by which tax is imposed on individuals coming within its purview. Pensioners, retired persons or senior citizens have not been accorded
Cheque Truncation System: Digitisation in Banks
CHEQUE TRUNCATION SYSTEM: A TOOL REQUIRED FOR DIGITISATION IN BANKS As we all know the environment around us is highly dynamic and volatile which necessitates continuous updation and improvement in order to survive competitively. The
Alimony and Tax Implications
Meaning of Alimony Alimony or maintenance is a U.S. term signifying a legal obligation to provide financial support to one's spouse from the other spouse after marital separation or
The Burning Desire- Part II - The world of IPCC
The world of IPCC Hello Friends, Its been nice to meet you again. I was thinking about the second difficult level of ICAI exams i.e. IPCC, and the various problems faced by CA students during the course. It is o
Beware! Mis-selling Season Ahead!
After coming back from his vacation, Sidhesh Tulange, a 33 year old Software consultant, logged into his office computer to make the first statement, Oh No !! I forgot to submit this before going to vacation. The HR department has re
Clubbing of Income: An essential part of Tax Filing
Now that we know the scenarios which lead to clubbing of income, we could efficiently work around this very premise to save taxes. There is a fine line of difference between tax saving and tax evasion, spilling over from one to another could mean
Master Circular on Audit System issued by Government
We are aware that every year, on 1st July, the Reserve Bank of India comes out with Master Circulars on various subjects which consolidate all the instructions on the subject issued throughout the year. 102 such Master Circulars have been issued b
What is Salary | How to Calculate TDS on Salary
TDS on salary is computed on Salary under section 192. TDS on salary is computed on the estimated annual salary of the employee at the rates in force in the FY
Concept of Internal Audit - A Spoon Feeding
Concept of Internal Audit - A Spoon Feeding When we run an enterprise we be too busy in getting the goals or loosing the goals and become biased for the reason of success or failure. If we get success we think that we were strong and if we fail
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