CAclubindia Articles

Impact of Budget on Common Public

Posted by CA Prasenjit 24 March 2012 20790 Views

We, the common people had lots of expectations from the Budget 2012-13 in terms of more income tax exemption, more deductions in income tax & control of inflations. But the actual picture is far away from our expectations. Obviously common man

Advance Pricing Agreements

Posted by Tarun M Guntanur 24 March 2012 11803 Views

Backdrop of APA introduction As widely reported, the conclusion of latest transfer pricing audits by Indian revenue authorities witnessed aggregate income adjustments to the tune of Rs 44,000 crore for one year alone, which is more than the aggr

Note on Foreign Direct Investment in India

Posted by Ajay Mishra 24 March 2012 56327 Views

INTRODUCTION One remarkable feature of the contemporary world has been the proliferation of private capital flow in the form of foreign direct investment

Learning for CA Students from Sachin Tendulkar Career

Posted by Naveen Chand Khulve 24 March 2012 28134 Views

Recently Sachin has completed his 100th International Century which is a milestone for him and every batsman wants to achieve that. Sachin get this achievement after 22 years which is not easy for any person to play such long time with consistency.

Statutory Audit of Construction/Real Estate Companies: CARR

Posted by CMA Navneet Kr Jain 23 March 2012 102846 Views

Applicability of Cost Records in Real Estate/Construction Industry Statutory Auditors of Construction/Real Estate Companies to exercise caution By Navneet Kumar Jain, Practising Cost Accountant, Delhi Till the year 2010-11, cost records were require

Demand of time

Posted by Deepak kumar sharma 23 March 2012 7915 Views

Self dependency is a fruit of true success whether it is at personal level or country level. Mere being a professional is not a sign of true success. It is mere a launch pad of a journey. Money is not the measure of true success but the hard work is

Date of applicability of Changes in Excise and Custom Rates

Posted by Mihir Doshi 23 March 2012 75274 Views

This time common man, an Indian Tax payer was expecting magical budget with high benefits but for Individual its "Give and Take" kinds of budget. Honorable FM has increased the Exemption limit for Individual by INR 20,000/-, on the other h

Deduction under 80 CCF discontinued

Posted by Tapas Ruparelia 23 March 2012 159033 Views

‎80 CCF DISCONTINUED:- Investments made in infrastructure will no longer be allowed as deduction from the Total income u/s 80CCF i.e. over and the above the deduction u/s 80C, the additional deduction of Rs. 20000 is discontinued from next fisc

Budget 2012 - Indirect Tax (Excise and Service tax)

Posted by Manoj Pala 22 March 2012 58225 Views

Indirect Tax I. Service Tax 1.1 Amendments to be effective from 1 April 2012 1.1.1 Change in Rate of Tax Rate of service tax has been increased to 12.36 percent (including Education Cess and Secondary & Hi

Analysis of Section 36(1)(iii) Interest on Borrowed Capital

Posted by Pankaj Gandhi Jaiswal 22 March 2012 321938 Views

Analysis of Proviso of Section 36(1)(iii) & Proviso (1) The deductions provided for in the following clauses shall be allowed in respect of the matters dealt with therein, in computing the income referred to in section 28