CAclubindia Articles

Gratuity and its allowable exemption limit

Posted by Aashish Ramchand 02 October 2012 229203 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 200676 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 36387 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 48643 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.

Choosing a Good Coaching Class

Posted by Madhukar N Hiregange 03 October 2012 14983 Views

The objective of any profession of having quality students coming out of the system is one of the important ones. The profession expects that

Section 295 of Companies Act, 1956

Posted by CA Dhiraj Ramchandani 27 September 2012 110503 Views

Introduction Section 295 of Company Law deals with the loan given to DIRECTORS of the company. It also covers the security or guarantee provided for the same. Let us see in each

Procedures for incorporation of Company

Posted by CMA Arif Farooqui 26 September 2012 30519 Views

The best way to start a business is to incorporate Private limited company because it has many advantages like limited liability of members and directors, separate legal entity, easy compliance, etc. A company can be formed with minimum 2 direct

Specific Issues in Revised Schedule VI

Posted by CA Sourabh Agarwal 26 September 2012 40222 Views

Financial year 2011-12 has elapsed and nearly all companies have prepared there financial statements in accordance with revised Schedule VI. With every change, lots of clarifications and guidance material is made available to stakeholders, however,

MVAT on Furnishing Fabric- Controversy

Posted by Ashish Kedia 26 September 2012 40077 Views

Brief Background: As if confusion created by VAT in relation to real estate transactions wasnt enough, a fresh controversy has been stirred by recent notifications issued by the State VAT department to tax the sale of furnishing fabric. &ls

Primer on Belated Returns

Posted by K Srinivas, CMA CS 21 September 2012 13230 Views

Now that the extended last date for filing your Income tax returns for the year 2011-2012 is over on 31st August 2012 , what options do people who have missed the deadline have? How about filing the returns now after the due date? Here are the det