CAclubindia Articles

Bad Debts & Provisions of Bad Debts

Posted by Member (Account Deleted) 31 October 2012 119033 Views

Bad debts are such debts which are not recoverable. Doubtful debts are such debts which are suspected to be recovered. As per judgment of TRF Limited vs. CIT (Supreme Court). Bad debts need not be proven to be irrecoverable u/s 36(1)(vii). It

Right of Appeal

Posted by v. srikanth 31 October 2012 13825 Views

At present, most of the sales tax/value added tax enactments have a provision which requires an assessee to deposit the entire amount of tax or a portion of the disputed tax, as an admission fee before filing appeal. An assessee, th

Mega Firms in Retailing - A Consumer Perspective

Posted by Alice Mani Jacob 31 October 2012 6486 Views

The issues associated with the entry of mega firms in retailing are often discussed from the perspective of the cons

All about CAG

Posted by CA Pooja Agarwal 30 October 2012 19343 Views

CAGs Cannot Be Cheer Leaders Very recently, Indias national auditor has said the government should not expect it to be a cheerleader for all of its actions. Comptroller & Auditor General Vinod Rai took the opportunity of addressing his se

Disallowance of Expenses in Computation of Profit and Gains

Posted by Member (Account Deleted) 29 October 2012 191360 Views

Disallowance of Expenses in Computation of Profit and Gains of Business or Profession Part - I Section 40(a) of Income Tax Act, 1961 Purpose: Disallowance of expenses for computing income u/s 28 of Income Tax Act, 1961. Applicability: All assesses

Impact of FDI in Retail in India

Posted by muthukumar 29 October 2012 41457 Views

IMPACT OF FDI IN RETAIL IN INDIA Analysis of FDI impact in INDIA M.MUTHU KUMAR The main objectives of this paper are to analyse the impact of recent opening of

Joint Development Agreement - A Business Model

Posted by Bhanu Prakash Rao 27 October 2012 109375 Views

Investors who have invested on site/land have many options. One is to retain and wait for good capital appreciation. Another option is to construct a building. For construction owner

Overview of Micro, Small & Medium Enterprises (MSMEs) Sector

Posted by Rajkumar Adukia 27 October 2012 36863 Views

INTRODUCTION Worldwide, the micro and small enterprises (MSEs) have been accepted as the engine of economic growth and for promoting equitable development. The MSEs constitute over 90% of total enterprises in most of the economies and are credit

Taxation of Dividends under Income Tax Act, 1961

Posted by CA Manish 25 October 2012 302755 Views

Exempting Section - (Section 10(34) Any income by way of dividends referred to in section 115-0 shall be exempt from income tax Indian Company All Dividend exempt from tax in the hands of the shar

Few Thoughts about Exams

Posted by Ankit Aryal 25 October 2012 21222 Views

Even before I was creating thr draft of this article in my mind, I was stuck by the thought will the message I want to deliver through this article be delivered n the same meaning? While I was still pondering on this thought I remembered the great