CAclubindia Articles

At Arms Length- Landmark Ruling of ITAT on Transfer Pricing of Captive Software Company

Abhiroop 12 November 2007 at 13:17

At Arms Length- Landmark Ruling of ITAT on Transfer Pricing of Captive Software Company- Mentor Graphics (Noida) Pvt Limited v/s DCIT (Delhi) Background In a landmark Ruling pronounced in the open court by the Income Tax Appellate Tribunal (Tribun

FAQ on Excise & Service Tax

Aisha 09 November 2007 at 15:19

Frequently Asked Questions on Excise & Service Tax * Which challans are to be used for payment of Excise and Service Tax? * Where can one obtain these Challans? * Can I Pay tax using the Old challan? * What is Challan Identification N

CA Students and Examinations

KAAPIL 08 November 2007 at 23:40

CA Students is a common term in my all the articles as I am because they are. I salute ICAI to give the society the best course of the world. |Lid Cairns had said that, " Dear Students I am thankful to have all of you as I learnt a lot from all of yo

Capital Gain & Taxes...

Aisha 07 November 2007 at 14:25

With the boom in the economy witnessed over thepast five years, many salaried individuals and businessmen are leftwith surplus cash. It is not uncommon for people to invest inproperties and to dispose them off when the value appreciatessignificantly.

Steps to Computation of TOTAL INCOME

CA Guru M 07 November 2007 at 10:35

Income-tax is levied on an assessee's total income. Such total income has to becomputed as per the provisions contained in the Income-tax Act, 1961. Let us go step bystep to understand the procedure of computation of total income for the purpose of l

Tax savings a write up..

Aisha 06 November 2007 at 18:34

Tax-saving is a year-long business. This is because the returns matter as much as the tax saved through the investment. Death and taxes are a certainty. But, financial planning takes care of both. As far as taxes go, major tax-saving instruments are

All u wanted to know about NRI investments

Aisha 06 November 2007 at 13:11

NRI investments: Some FAQs------------ --------- --------- --------- --------- --------- -Welcome to the NRI Club! But with this change instatus, are you allowed to continue investing inIndia? Read on to know about the regulations you needto comply w

Life as an Articled Assistamt II

KAAPIL 06 November 2007 at 12:33

Life as an Articled Assistant moves into second part. The reason : Number of hits and appreciation messages from Admin and CA Sampat Jain. I thank you all for the same. It boosts my moral. Dear Students, all of you must have been through with the tax

Tax-exempt gifts from relatives and others

Aisha 05 November 2007 at 22:29

It is very common for people to receive gifts from friends and relatives. In some cases, gifts are also received from NRls. Let us consider the latest provisions of the Income Tax Act, 1961 regarding gifts, and analyse how individuals can achieve com

FBT formula may stay same on all streets

Ankit Dangayach 05 November 2007 at 22:27

NEW DELHI: Valuation guidelines for fringe benefit tax (FBT) on employee stock options (Esops) may be tweaked slightly. Companies listed on select international stock exchanges may get to follow the norm meant for listed companies in India as the go