CAclubindia Articles

Impact of Budget on Common Public

Posted by CA Prasenjit 24 March 2012 20763 Views

We, the common people had lots of expectations from the Budget 2012-13 in terms of more income tax exemption, more deductions in income tax & control of inflations. But the actual picture is far away from our expectations. Obviously common man

Financial Statement Analysis & Interpretation - Part I

Posted by CA. Aryendra 24 March 2012 108702 Views

Financial Statement Includes: Trading & Profit & Loss Account; which gives the result of years working. Profit & Loss Appropriation Account; which gives

TDS on Remuneration Paid to Directors

Posted by G S Rao 24 March 2012 409204 Views

TDS ON REMUNERATION PAID TO DIRECTORS u/s 194J(1)(ba) of INCOME TAX ACT,1961 Budget 2012 inserted a New clause 1 (ba) in Section 194 J which mandates TDS @ 10 % on any remuneration paid to Directors of a company. This clause will be effective

Deduction under 80 CCF discontinued

Posted by Tapas Ruparelia 23 March 2012 158984 Views

‎80 CCF DISCONTINUED:- Investments made in infrastructure will no longer be allowed as deduction from the Total income u/s 80CCF i.e. over and the above the deduction u/s 80C, the additional deduction of Rs. 20000 is discontinued from next fisc

Date of applicability of Changes in Excise and Custom Rates

Posted by Mihir Doshi 23 March 2012 75263 Views

This time common man, an Indian Tax payer was expecting magical budget with high benefits but for Individual its "Give and Take" kinds of budget. Honorable FM has increased the Exemption limit for Individual by INR 20,000/-, on the other h

Demand of time

Posted by Deepak kumar sharma 23 March 2012 7879 Views

Self dependency is a fruit of true success whether it is at personal level or country level. Mere being a professional is not a sign of true success. It is mere a launch pad of a journey. Money is not the measure of true success but the hard work is

Statutory Audit of Construction/Real Estate Companies: CARR

Posted by CMA Navneet Kr Jain 23 March 2012 102783 Views

Applicability of Cost Records in Real Estate/Construction Industry Statutory Auditors of Construction/Real Estate Companies to exercise caution By Navneet Kumar Jain, Practising Cost Accountant, Delhi Till the year 2010-11, cost records were require

Budget 2012 - Indirect Tax (Excise and Service tax)

Posted by Manoj Pala 22 March 2012 58208 Views

Indirect Tax I. Service Tax 1.1 Amendments to be effective from 1 April 2012 1.1.1 Change in Rate of Tax Rate of service tax has been increased to 12.36 percent (including Education Cess and Secondary & Hi

Analysis of Section 36(1)(iii) Interest on Borrowed Capital

Posted by Pankaj Gandhi Jaiswal 22 March 2012 321894 Views

Analysis of Proviso of Section 36(1)(iii) & Proviso (1) The deductions provided for in the following clauses shall be allowed in respect of the matters dealt with therein, in computing the income referred to in section 28

Procedure for Conversion of Name from Private to Public

Posted by Ajay Mishra 22 March 2012 25562 Views

The procedure for altering name clause of Memorandum or Articles of Association of the company is being given herein under: 1. Management decision to change the name The Board of Direct