CAclubindia Articles

Planning for life insurance at different life stages

Posted by Ramalingam K 21 December 2012 13030 Views

Increasing inflation, shift to nuclear families, and the fast track change in life style patterns throw a financial challenge which can be addressed only by life insurance. Your financial plan needs to be in sync with your life stage and the requi

Corporate Restructuring and Insolvency

Posted by CS M.Kurtrala Nathan 21 December 2012 32176 Views

Introduction: As per Collins English dictionary, meaning of corporate Restructuring is a change in the business strategy of an organization resulting in diversification, closing parts of the business, etc,

Highlights of the Companies Bill, 2011

Posted by Guest 20 December 2012 22660 Views

The Bill has 470 clauses as against 658 Sections in the existing Companies Act, 1956. The entire bill has been divided into 29 chapters. Many new chapters have been int

Penalty under Rule 27 for Technical Lapses? No Way

Posted by D R Pandit 20 December 2012 61724 Views

Rule 27 of Central Excise Rules 2002, is generously used for penalizing technical lapses. Many subscribe to the view that when penalty is imposed under Rule 27 for say, delayed filing of Returns, the penalty is payable. With due respect to all those

All about Depreciation

Posted by Prince Kumar Baranwal 20 December 2012 77555 Views

What is depreciation? Depreciation as per law of lexicon is defined as positive decline in the real value of a tangible asset because of consumption, wear and tear or obsolescence. The concept of depreciation is widely used for the purpose of writin

Service Tax on supply of food at Restaurants

Posted by saurabh jain 20 December 2012 81773 Views

Service tax on Supply of food at Restaurants It is said that some things which seem to be very authentic may not be always correct. This is same which is happening with issue of Service tax on supply of food in restaurants. Internet is equal f

Constitutional (97th Amendment) Act, 2011

Posted by Member (Account Deleted) 20 December 2012 58567 Views

[1] Cooperative societies is a state subject under Entry 32 of the State List of the Seventh Schedule of the Constitution. All states have accordingly enacted their own Cooperative Societies Acts for incorporation, regulation and winding up of c

Cases on Income Tax decided by Supreme Court and High Courts

Posted by Raju S Narayanan 18 December 2012 43706 Views

Some of the case laws on Income Tax decided in the month of Nov2012: 1. Where assessee continued his employment with the firm, and was also given commission under Non-Compete Agreement ('NCA') for doing what he was normally ex

Deemed Dividend

Posted by KARTIKEY 18 December 2012 73023 Views

DEEMED DIVIDEND Deemed dividend under section 2(22) from an Indian company or any dividend from a foreign company is taxable in the hands of shareholders under the head Income from other sources, regardless of the fact whether shar

Section 50C - A detailed analysis

Posted by Kailash Mehta 17 December 2012 151475 Views

Applicability of Section 50C to sale of immovable property by Builders and sale of immovable Property in block of assets. 1. INTRODUCTION: The generation of black money is major problem in India. Various committees were formed and number of suggesti