CAclubindia Articles

New tax slabs expected in Budget 2012 by CA Sudhir Halakhandi

Posted by CA Sudhir Halakhandi 25 February 2012 21749 Views

The most interesting part of the Budget-2012 is going to be the Limit for Individual Taxation and there is a hope for individual Taxpayers to get a very good response in this respect from the Finance Minister Mr. Pranab Mukharjee. This aspect of the

All about Company

Posted by MAHESH KUMAR 27 February 2012 18285 Views

Steps to Register a new Company Do you want to start an Indian Company? To register a company, you need to first apply for a Director Identification Number (DIN) which can be done by filing eForm for acquiring the DIN. You would then need to acq

Smart thinking rather than hard thinking

Posted by pravallika reddy 29 February 2012 19550 Views

Hi friends, I am pursuing CA final.I am feeling so happy to write article in our CA club. Actually,everyone have their own thoughts however those thoughts might be spoil our life.Here I would like say about my thoughts .Our life is very be

Reconciliation in professional life

Posted by CA PARAS BAFNA 26 February 2012 10731 Views

BRS ( BRS is used for Bank Reconciliation Statement. However; see how CAs utilize this concept in their professional life ). Scene 1. . Seminar on Bank Audit ( Lunch-Break ). . Mr. Sen and Mr. Jain : Two practising CAs. M

Tax Invoice defined in Value Added Tax Act

Posted by Third Eye Advisory 26 February 2012 50183 Views

Tax Invoice Section 86 One of distinguishing features of VAT Act is the provision for Tax Invoice. There can be two types of sale invoice; Tax Invoice and other than Tax Invoice; i.e., bills, normal in

Suggestions to control black money

Posted by ramesh 26 February 2012 33286 Views

How to control black money:- 1. Ensure that even petty shop people deposit their cash sales in to a bank account (account opening should be simple & easier) 2. Integrate sub registrar office, sales tax and service tax departme

Corruption beneficial to professionals?

Posted by CS Nadeem Ahmed Siddique 24 February 2012 8764 Views

Corruption a buzzword in todays society has found its place on every tongue, but is rather bitter in taste. Each day corruption is striking hard on the economy, some social activists are trying to curve the corruption but the fa

Exemption from Filing Income Tax Return

Posted by Kapil Dev Sanghai 24 February 2012 24648 Views

The Central Government has exempted certain class of persons from filing the income tax return subject to following condition: 1. Assessee should be individual 2. Income does not exceed Rs. 5 Lac 3. Income is chargeable under Salaries Intere

Immoral/Illegal/Against public policy-yet taxable or tax deductible in India

Posted by ANANDH SUNDAR 24 February 2012 7485 Views

During my study of both direct tax and indirect tax law, I saw quite a few instances where although the activity in question was illegal or prohibited, that fact was not considered for the purpose of tax law. That does seem a bit strange that tax la

Accounting Frauds

Posted by Vijay Kalia 24 February 2012 20942 Views

MANIPULATIONS THROUGH ACCOUNTING AND FRAUDS: Introduction: India figures amongst the top nations so far as stashing the black money abroad is concerned. It is estimated that one fifth of our GDP is there running parallel in the economy which transl