CAclubindia Articles

A few thoughts on Section 14A

Ryan Saldanha 03 March 2011 at 15:18

Income-tax Act, 1961 has so many complicated provisions. I feel it is best to uncomplicate that which is complicated. As Denzel Washington said in movie PHILADELPHIA, All right, Mr. Laird, explain this to me like I'm a four-year-old

10 Lessons from Ireland vs. England match

Member (Account Deleted) 03 March 2011 at 15:17

10 Lessons from Ireland vs. England match IT MAY BE USEFUL IN OUR CA COURSE LESSONS IMPLEMENTATION IN CA STUDY 1. Dont Under estimate to weak teams. Do

Income declared u/s 44AD-no need to explain each cash deposit

Amit Bajaj 02 March 2011 at 12:06

Income declared u/s 44AD- Assessee not liable to explain each entry of cash deposit. I have found the following Judgement very useful for small assessees who declares their income under presumptive income schemes and I am sharing it here for benefit

Audit Programme of Small Bank Branches

CA KRISHNA KUMAR DARUKA 02 March 2011 at 12:05

AUDIT PROGRAM OF SMALL BRANCHES OF BANKS By CA Krishna Kumar Daruka Friends the bank audit time is nearing.

Hold your nerves on Match/Exam day- ICAI Cup Part-2

CS LLB Pulkit Gupta 02 March 2011 at 12:01

ICAI CUP 2011- HOLD UR NERVES ON MATCH/EXAM DAY WHY I APPLY FUSION i.e. MIX MY TIPS WITH OTHER TOPICS!!Friends I am back with the 2nd part of series ICAI CUP 2011. People have asked me that why I merge the exam tips with other disciplines/su

Ceiling rate on Declared goods under CST Act incresed to 5%

Amit Bajaj 02 March 2011 at 11:35

It has been proposed in the Budget 2011-12 to increase the ceiling of 4% on declared goods under section 15 of CST Act to 5%. Currently State Governments cannot levy VAT more than 4% on declared goods. Declared goods are those goods which are of

My Tips & Tricks for Accounts

CA Madhukiran Reddy 02 March 2011 at 11:35

MY TIPS AND TRICKS FOR THE ACCOUNTSWell Friends, All of we know that ACCOUNTS plays a major role in CA exams mostly in IPCC, Out of 700 marks 200 marks is from Accounts and another 100 marks is from Cost Accounts. There is Only 2 months time

Amendment in Service Tax under Union Budget 2011

CA.AMIT SHARMA 02 March 2011 at 11:34

A. Introduction of new taxable services under the tax net (to be applicable from the date of notification after passage of Finance Bill 2011)a. Services by air-conditioned restaurants having license to serve liquor with a 70% abatement on this

Changing Momentum Of GST - Still More To Do

Nagesh Bajaj 01 March 2011 at 22:51

When nothing is going right in the successful implementation of Goods and Services Tax (GST), suddenly a momentum changes in favour of those who are favouring the rolling out of the GST. The finance ministry is planning to table a Constitutional A

Change in Service Tax Refund Scheme

Pradeep Jain 01 March 2011 at 22:50

Change in Service Tax Refund Scheme Prepared By: CA Pradeep Jain And Sukhvinder Kaur, LLB[FYIC] The scheme of refund of service tax paid on specified services which were utilised for export of goods was given effect in 2007 vide Notification