CAclubindia Articles
Understanding Section 36 Deduction with Latest Case Laws
Under section 36 of the Income tax act, 1961 there are number of deductions available along with their conditions. Below we are discussing the summary of the few latest case laws in respect of section 36 which will make us understand the deducti
Application of Panchatantra Stories: Part-2
Attractive, short, and full of wisdom- these can be some of the superlatives that can be used to describe the Panchatantra stories. In the second series of this article, I am taking four stories from
Understanding Dis-allowance Under Section 40 of Income Tax Act, 1961 with Latest Case Laws
Now a days, assesses are facing number of disallowance under various clauses of section 40 of the act by the Income tax officials. These issues were handled with due care at the time of the assessment itself so that in the case of forc
6 Financial Planning Misconceptions Demystified
Lets start the useful exercise: Finance may mean different things for different people. Some assume that they need no financial planning as they have very little finances. Still others believe that once they have invested their savings for f
S&P ESG India Index - The success of socially responsible investing
The above graph says it all. After a 15month hiccup from its Jan-08 launch(where it performed same as other indices), it broke away in Apr-09, and has not looked back since. A nearly 2.5yr track record of out-performance is not a joke. Now, one ma
Something about CWA, CFA, CPA
Lets take a look at some of the finance courses that can provide professional leverage to the existing and new employees and help them upgrade their skills. Lets take a look at some of the finance courses that can provide professio
Being a cost accountant
The lowdown Cost accountants collect, assimilate, collate and analyse all financial information related to an organisation. Their main role is to ensure that managerial decisions are within cost prescriptions. They need to give a prognosis for pro
Taxability of VRS Compensation
Whenever any employer organisation decides to introduce a scheme of Voluntary Retirement from the service, the main issue with employees' union, apart from consensus on VRS Compensation amount, is Taxability of that amount since the amount is
Income tax Scrutiny Assessment
Scrutiny of the income tax return is a regular feature to find out whether the income declared in the income tax return of relevant assessment year is correct and the income tax has been paid on the same.
How to save more by spending smarter?
The willingness and the ability to save money is the secret of building wealth. So as to save money, you need to spend less than you actually earn. Though it looks very simple when you say, it is really difficult to implement. There are plenty of wa
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