CAclubindia Articles

Tax deduction for salaried employees

Jitender Garg 15 March 2008 at 13:23

Tax deduction for salaried employees FOR salaried employees it is possible to get tax deduction from the employer in respect of investments made or amount spent in terms of the provisions contained in Section 80C of the Income-tax Act, 1961.The emplo

Effect of Non Registration Of Firm

CA Praveen Chopra 15 March 2008 at 10:31

Effect of Non-Registration of Partnership Firm[Submitted by Mr.Praveen Chopra CA(Friends Group Of Companies,Gandhidham)] This paper attempts to study the impact of non registration of firms i.e., partnership firms. The whole idea of the paper is that

When Good Deals Go Bad

Deepak Maithani 11 March 2008 at 23:29

When Good Deals Go BadHow to renegotiate a contract. ....................Every company gets stuck in contracts that aren't good for business--the long-term purchasing agreement made before market prices dropped, the lease for too much office space, the sale w

Your Wealth is Determined by How You See Money

Darshu 11 March 2008 at 12:37

It doesn't mater who we are or where we are in the world it seems we all share the same dreams, we all want to be wealthy, healthy and happy. It seems we are all striving for one thing and that is financial independence.We feel if we were financia

MAT

Manjunath 10 March 2008 at 16:39

Minimum Alternate TaxThe MAT credit is available in respect of MAT paid under Section 115JB of the Income-tax Act with effect from assessment year 2006-07. The amount of MAT credit would be equal to the excess of MAT over normal income-tax for the as

Six Steps To A Better Business Budget

Deepak Maithani 08 March 2008 at 17:26

Six Steps To A Better Business Budget You've just purchased or opened a small business and you know your trade, but when it comes to bookkeeping and, more specifically, budgeting, your skill set is lacking. It's OK - the good news is that it is possi

Custodian Guidelines of Petty Cash

Deepak Maithani 08 March 2008 at 15:06

PETTY CASH Petty cash allows you to make small purchases or reimbursements, in cash, for items such as stamps, office supplies, parking, etc. The fund should be enough to cover petty cash expenditures for about a month. If it is too small you will h

Benchmarking

Deepak Maithani 07 March 2008 at 11:08

KNOWLEDGE BANK - BenchmarkingWisdom that has time travelled over centuries is the CEO's most potent tool for leaping to world-class standards today. It is, on the surface, a disarmingly uncomplicated concept. To improve, set your sights on a standard

Guidance Note on Tax Audit

Manjunath 07 March 2008 at 11:05

Guidance Note on Tax Audit - Issued by ICAI THE TURNOVER OR GROSS RECEIPTS IN RESPECT OF TRANSACTION IN SHARES, SECURITIES AND DERIVATIVES MAY BE DETERMINED IN THE FOLLOWING MANNER.(a) SPECULATIVE TRANSACTION: A speculative transaction means a trans

Employees' State Insurance Act, 1948... Synopsis

dilip 06 March 2008 at 21:05

Employees' State Insurance Act, 1948... Synopsis ApplicabilityThe Act applies to all factories (including Government factories but excluding seasonal factories) employing ten or more persons and carrying on a manufacturing process with the aid of pow