CAclubindia Articles


Deduction for Higher Education Loan 80E

  RAJAN GUPTA    25 March 2008 at 10:53

Relevant clause of section are reproduced hereunder for ready reference :80E. (1) In computing the total income of an assessee, being an individual, there shall be deducted, in accordance with and subject to the provisions of this section, any amount



Learning from Mistakes

  SSA JI    24 March 2008 at 19:06

Learning from MistakesThis is a story about a famous research scientist who had made several very important medical breakthroughs. He was being interviewed by a newspaper reporter who asked him why he thought he was able to be so much more creative t



What to Check before investing for Section 80C

  SSA JI    24 March 2008 at 19:00

What to Check before investing for Section 80C or How to Make Best Use of Section 80CMost of the Income Tax payee try to save tax by saving under Section 80C of the Income Tax Act. However, it is important to know the Section in toto so that one ca



Acquisition and Transfer of Immovable Property : FAQ

  Aisha    24 March 2008 at 12:51

Acquisition and Transfer of Immovable Property in India by a person resident outside IndiaFrequently Asked Questions (FAQs)Acquisition and Transfer of Immovable Property in India by a Person Resident outside IndiaAcquiring immovable property in India



Dividend Payout Ratio

  Rahul Gupta    23 March 2008 at 14:55

This ratio identifies the percentage of earnings (net income) per common share allocated to paying cash dividends to shareholders. The dividend payout ratio is an indicator of how well earnings support the dividend payment. Here's how dividends "



"dynamic current ratio"

  Rahul Gupta    22 March 2008 at 21:09

In this article, we'll examine the "dynamic current ratio" to assess a company's liquidity status instead of the static but commonly used current ratio. It is often calculated alongside the quick ratio and the cash ratio, to provide analyst



International Financial Reporting Standards

  CA. Amit Daga    21 March 2008 at 18:23

International Financial Reporting StandardsInternational Financial Reporting Standards (IFRS) the new avatar of International Accounting Standards (IAS) are issued by International Accounting Standards Board (IASB). This role was earlier discharged b



Explanation To Section 73 Of The Income Tax Act .

  CA. Amit Daga    21 March 2008 at 18:23

Explanation To Section 73 Of The Income Tax Act .\Section 73 of the Income Tax Act, 1961 deals with carry forward and set off losses from speculation business. Explanation to Section 73 is a deeming provision wherein if specified conditions are satis



Fringe Benefit Tax - At A Glance

  CA. Amit Daga    21 March 2008 at 18:23

Fringe Benefit Tax - At A Glance INTRODUCTION The Finance Act, 2005 has imposed a new tax - The Fringe Benefit Tax (FBT). The provisions relating to this new tax are contained in new Chapter XII-H (sections 115W to 115WL) of the Income Tax Act, 1961



Dr. J.J.Irani's Report On Company Law

  CA. Amit Daga    21 March 2008 at 18:23

Dr. J.J.Irani's Report On Company Law J.J.Irani committee has taken a very pragmatic approach towards the ground realities, emerging economic scenario and the increasingly important role of Indian corporate in global arena. The report contains 13 cha