CAclubindia Articles

Audit of fixed assets

Posted by *RENU SINGH * 07 July 2023 364243 Views

Objectives:- Ensure that All Expenses which need to be capitalized are capitalized; Company is maintaining proper Records of Fixed Assets; Deprecation , Profit/Loss on Fixed Assets Correctly Calculated; Compliance of Ac

Refund of Service tax paid on exempted service permissible

Posted by Bimal Jain 06 October 2012 30155 Views

Whether Refund of Service tax paid on an exempted service permissible? We are sharing with you an important judgement of Honble CESTAT-Mumbai in the case of Crown Products Pvt. Ltd. Versus CCE, Nashik [2012 (8) TMI 373 - CESTAT, MUMBAI] on fo

Time Management for IPCC Exam Preparations

Posted by CA Dhiraj Ramchandani 29 September 2012 58095 Views

Introduction Ok so, I have been receiving calls and messages from people, regarding time management for the studies. I have already stated the same in my previous articles, bu

Reversal of Cenvat Credit if inputs/capital goods are partially or fully written off: Rule 3 (5B)

Posted by Manoj Pala 29 September 2012 78698 Views

Sub-rule (5B) of Rule 3 of the CCR provides that if the value of any: (i) input, or (ii) capital goods before being put to use, on which CENVAT credit is taken is written off fully or partially or where any provision to write off fully or partia

Audit under section 44AB

Posted by Aashish Ramchand 28 September 2012 78695 Views

I have discussed the various provisions with respect to section 44 AB below The following persons are liable to get their books of accounts audited compulsorily by a Chartered Accountant 1) A person carrying on business if the

Valuation of leave travel concession in India

Posted by Aashish Ramchand 04 October 2012 18749 Views

Valuation of leave travel concession in India [Sec. 10 (50)] - Leave travel assistance provided by an employer to an employee for going anywhere in India along with his family is exempt on the basis of provisions given in the table below. F

Gratuity and its allowable exemption limit

Posted by Aashish Ramchand 02 October 2012 229200 Views

In this article I have discussed the various provisions regarding gratuity and its taxation - Gratuity is a retirement benefit. It is generally payable at the time of cessation of employment and on the basis of duration of service. To discuss th

Leave Salary and its Taxation

Posted by Aashish Ramchand 09 April 2020 200672 Views

In this article I have explained the various provisions regarding the taxability of leave salary - What is leave salary? As per service rules, an employee gets different leaves. An employee has to earn leave in the first instance and onl

Tips to score Rank :)

Posted by *RENU SINGH * 28 September 2012 36386 Views

Self study v/s Coaching :- first decide whether you wanna opt forself study or coaching. If you think you are not good enough with practicals , or dont have a person to guide you or solve your problem ,then it

Life of a CA Student - Full of Challenges (PART - II)

Posted by SANYAM ARORA 27 September 2012 48640 Views

Greetings of the day to all the members of CCI Family. Friends this will be Part 2 of my Previous Article Life of A CA Student. In the last article, we have discussed about how tough is the life of a CA Student.