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sub prime crises
CA Praveen Chopra 27 March 2008 at 20:45Lessons from the Sub-prime Crisis[Submitted by CA Praveen ChopraGandhidham] March 25, 2008Sub prime crisis is seen as an ugly incident that has dealt a heavy blow to the investors’ confidence, spelling doom on the securitisation markets across
Life insurance premium paid and claim u/s 80C
RAJAN GUPTA 27 March 2008 at 17:15Important Pointshould keep in mind while claiming deuction on life insurance premium paid u/s 80C are given below: Deduction u/s 80c of income tax is available to Individual and Huf Assessee. Maximum total eligible amount under this head (LIFE insu
Rights in Raid
CA Praveen Chopra 26 March 2008 at 23:56DREADING A SEARCH: KNOW YOUR RIGHTSFor the revenue intelligence agencies, search is a powerful instrument to gather evidence against tax evaders. In fact, given the magnitude of tax evasion in the country, searches are conducted almost everyday by on
Analysis of Retirement Benefit ( Gratuity)
CA Praveen Chopra 26 March 2008 at 23:56Analysis of Retirement benefit (Gratuity)[Submitted by CA. Praveen Chopra,Gandhidham]March 26, 2008Meaning :-Gratuity is a statutory benefit paid to the employees under the Payment of Gratuity Act, 1972 who have rendered continuous service for at le
Cenvat credit on mobile phones
CA Praveen Chopra 26 March 2008 at 23:56CENVAT Credit on Mobile Phones[Submitted by CA Praveen Chopra,Gandhidham,Gujarat]March 25, 2008Cenvat Credit is allowed to output service provider in respect of service tax paid on input services, which are consumed in providing output service.It is
FAQ ON CENVAT
CA Praveen Chopra 26 March 2008 at 16:01CENVAT FAQWhat is CENVAT Credit?Cenvat Credit is a scheme where the manufacturers or the output service providers are allowed a set off of the taxes paid on the inputs or the input services that are used while manufacturing the final products or prov
PAY LESS STCG AFTER BUDGET -HOW
RAJAN GUPTA 26 March 2008 at 12:14Dear friends ,As you know in budget 2008 ,our Finance Minister has increased the short term capital gain on share transaction, on which securities transaction tax (STT) has been paid, from 10% to 15 % .This has been done under section 111A for indian
Deferred Tax
CA Praveen Chopra 25 March 2008 at 19:54Budget 2008 : Proposal to add back deferred tax for book profits not in harmony with MAT objectives MARCH 24, 2008By Praveen ChopraTHE purpose behind introduction of MAT was to tax Corporates which distributed substantial dividends without paying any
To Be Simple Yet Happy
SSA JI 25 March 2008 at 15:17To Be Simple Yet HappyIt is so simple to be happy but so difficult to be simple. Be contained to be content should be your motto if you want to accomplish the aforesaid fact.Happiness is a condition of the mind which different people perceive in diff
GENERAL TIPS TO STUDENTS
Deepak Maithani 25 March 2008 at 10:53(A) Before the examination - (a) Understand the subject thoroughly. (b) Do not memorise answers without understanding. (c) After getting general idea of a subject, select at least 80 important questions and prepare them thoroughly.
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