CAclubindia Articles

Service Tax Audit

Posted by MONISH BHALLA 16 June 2011 47805 Views

The country is passing thorough a phase where the need of transparency at all levels appears to be explicitly essential. There is a trust deficit at all levels, be it the Civil society, public at large or government machinery. The assessees are en

Penalties under the Income Tax Act

Posted by Neha Yadav 16 June 2011 56152 Views

PENALTIES UNDER THE INCOME-TAX ACT For non-compliance with the different provisions of our Income Tax Act, Section 140A, 143(1A), 221 and 271 to 275 give the reference to levy penalty on a assessee. An assessee might be prosecuted for his comply wit

The why and how of 'human asset' valuation

Posted by Equitymaster 16 June 2011 18438 Views

Despite being an important asset for a company, human resource is an asset always ignored by accountants. With regards to assets, there is a fundamental conflict in accounting practices between human and non-human assets. Only non-human assets find

Life is crazy but not easy

Posted by Dipti Achhra 15 June 2011 21733 Views

Hey Friend$, Thanks for the response and the appreciation on the article "I CANT BUT HE CAN" which inspired me to write another article for the readers............. Life is full of twist and turns that everyone agrees... L

Importance of Bank Documents and Their Verification

Posted by Guest 14 June 2011 97263 Views

The Law of evidence plays a pivotal role in the effective functioning of the judicial system. The existence of substantive rights can only be established by relevant and admissible evidence. Relevancy of facts is the key to determine

A Comprehensive Overview of the SEBI

Posted by Guest 14 June 2011 18623 Views

A COMPREHENSIVE OVERVIEW OF THE SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 INTRODUCTION One of the fundamental and most general principles of law is that when any individual acquires any kind of special knowledge or information

Taxation of Works Contract under TN VAT

Posted by P.Jagadeeswaran 14 June 2011 73341 Views

Taxation of Works Contract under TN VAT! Meaning of Works Contract in TN VAT: Sec 2(43) defines as Works Contract includes any agreement for carrying out for cash, deferred payment or other valuable consideration, building constructi

Tax Liability in works contract, contractor or sub-contractors

Posted by Amit Bajaj 13 June 2011 120774 Views

In works contracts, between contractor and sub-contractors only one is liable to pay tax When works contract is sub-contracted there is only one taxable event and between main contractors and sub-contractor only one is liable to pay tax on the g

Specialization for Survival for Chartered Accountants

Posted by Dilip K Raina 13 June 2011 48337 Views

Gone are the days when a chartered accountant in profession use to provide service to the clients with authority and client was supposed to reveal everything during the process of audits or other consultancy services being availed by such clients? T

Filing of Balance Sheet and Profit and Loss Account in XBRL

Posted by CS Ankur Srivastava 11 June 2011 50421 Views

Filing of Balance Sheet and Profit and Loss Account in XBRL Format As such, now following class of companies are required to file their Balance Sheet and Profit and Loss Account in XBRL Format:- Listed Companies and their subsidiaries;