CAclubindia Articles

Penultimate Sales under CST Act 1956-Submission of H forms

Posted by Amit Bajaj 14 February 2011 123569 Views

Tax by State Governments on sales or purchase of goods made during the cource of import or export of such goods is prohibited by article 286(1)(b) of the Constitution of India. Section 6(1) of CST Act also levies tax on interstate sales hence there

Central Excise -A guide to Assessees

Posted by Ram Avtar Singh 14 February 2011 42711 Views

Central Excise duty is an indirect tax which is levied and collected on the goods/commodities manufactured in India. Generally, manufacturer of commodities is responsible to pay duty to the Government. This indirect taxation is admin

My Tips-My Tricks-My Rank - Taxation

Posted by Sunshine 14 February 2011 47682 Views

Dear all, Very happy to score all India 4th Rank and i owe a lot to CCI. So i have started a series of articles to help PCC/IPCC students in all subjects.This is the 1st of the lot. .I thought of starting it with my favourite subject TAXATION. B

Just 10 minutes to understand mistakes in preparing for CA exam

Posted by Fahim 14 February 2011 45115 Views

You need not take two or three attempts to understand what it takes to achieve success in CA exam. Just spend 10 mins to read the article. This article is about my views and experience on cracking the CA examination, especially at the final level.

IFRS - Basics

Posted by CA Ruban kumar 12 February 2011 58893 Views

International Financial Reporting Standards (IFRS) was issued by International Accounting Standards Board (IASB). The International Standard setting process began long ago as an effort to Standardize

Control your mind !!

Posted by VIVEK CHOUKSEY 12 February 2011 23875 Views

First of all i would like tell what actually mind is...... Actually mind lies within the brain as i think , brain is the portion which you can find inside your skill "physical" portion but mind we can say as functional part of brain........

Exemptions available to SEZ unit from CST

Posted by Amit Bajaj 12 February 2011 188460 Views

Section 8(6),8(7) and 8(8) of the CST Act deals with the exemptions available to a SEZ unit or SEZ developer from CST. When goods are sold to a SEZ unit or SEZ developer then no CST is payable by such unit or developer as per the above sub sections

How I passed IPCC(both groups) in 60 days

Posted by Member (Account Deleted) 12 February 2011 224014 Views

My name is Pai. Abhijit Pai. This is my first article and hopefully not the last one on ca clubindia. I have passed both groups of my November 2010 IPCE in my first attempt. I studied for a period of 60 days in a systematic way and managed to cover

Admissibility of Broken Period Interest in assessment

Posted by CA SIDDHARTH MEHRA 11 February 2011 23466 Views

Admissibility of Interest for the Broken Period in assessment of Interest on Securities Introduction When the Government securities are acquired between two due dates, the admissibility of interest attributable to the period from the

The real effect of section 50C of the Income Tax Act, 1961

Posted by CA SIDDHARTH MEHRA 11 February 2011 169883 Views

Introduction Section 50C was inserted by the Finance Act, 2002 with effect from April 1, 2003. It reads as under : Special provision for full value of consideration in certain cases.(1) Where the consideration received or accruing as