CAclubindia Articles

Recent ruling on Capital Gains as reported

Posted by Rupesh Srivastava 13 September 2012 33686 Views

1. S. 54F: Capital Gains Investment in residential house- Exemption Investment in four 4 flats Held that exemption allowed as requirement of assessee family met-out only by enlarging residential unit by merging 4 flats and th

Lower/Nil rate of tax deduction certificate for works

Posted by Amit Bajaj 13 September 2012 14429 Views

It is ussualy seen that works contractors registered under Punjab VAT Act, 2005 have always refund to claim from the Excise & Taxation department due to the fact that their final tax liability is much lower/Nil than the tax deductions made u/s

Ignorance of law is an excuse

Posted by sivadas chettoor 12 September 2012 40763 Views

INTRODUCTION :- Law is all pervading. Almost all your actions are regulated by law except a few. We have all sorts of law like personal, family, civil, criminal, revenue, commercial, taxation, public and private int

Careers in Accountancy

Posted by Shweta Khanna 15 September 2012 14027 Views

Accounting : AN INTRODUCTION All businesses are required to keep track of their income and assets over a period of time. Accounting thereby, emerges as a critical component of any business operation. Accounting offers varied career choices and

Landmark ruling on Sec 14A-Updated as on 11th Sep

Posted by Rupesh Srivastava 12 September 2012 61385 Views

S. . 14A provides for the disallowance of expenses incurred in relation to the income, which does not form part of the total income of the assessee. 14A. [(1)] For the purposes of computing the total income under this Chapter, no deduction shall be

VAT (What) is the confusion all about on sale of flats - Part 2

Posted by Ashish Kedia 11 September 2012 25148 Views

This article is the concluding part out of the two part series on this subject. This has been presented from the developers perspective. The views expressed in this series of articles are personal. It need not be said that taxation of works

Risk Assessment of Marketing Function

Posted by Sonia Jaspal 11 September 2012 12638 Views

The global economy is facing turbulent times with US in recession, Europe in economic crises and emerging markets growth slowing down. Frequently organizations panic on hearing forecasts of looming recession. They cut down marketing budgets, innov

Clarification on Reverse Charge Mechanism of Service Tax

Posted by CA Prashant Gupta 10 September 2012 55922 Views

Hello everyone, Thank you very much for a great responce on my article reverse charge mechnism of service tax. I have received lots of mails for seeking clarification. I am trying to solve some major issues in reverse mechanism. Since the introduc

Report of Expert Committee on General Anti Avoidance Rules

Posted by Hiral Raja 10 September 2012 7804 Views

Honble Prime Minister had constituted an Expert Committee on General Anti Avoidance Rules (GAAR) to undertake stakeholders consultations for finalization of guidelines to ensure greater clarity on GAAR issues. The Expert Committee af

Cases pending trails in various courts in india

Posted by cs A Rengarajan 10 September 2012 10351 Views

Alternate Dispute resolution and cases pending trails in various courts in india - By CS A Rengarajan Let us see pending cases reported in various high courts, subordinate courts and Supreme Courts as per news items published Times of India dated 20