CAclubindia Articles

Tax Planning On Sale of House Property

Posted by Guest 28 September 2011 36063 Views

Penny Saved is the Penny earned. Whenever a person sells any property, he has to pay income tax on the gain he earned. This gain is the difference between the sale price of the property and the purchase price of the proper

Pension Overview

Posted by nandini mishra 28 September 2011 118538 Views

Pension: - As per Section 17 (1) (ii) of the Income Tax Act, 1961 pension is a payment made by the employer after the retirement/ death of the employee as a reward for past service. Who is eligible for pension/family pension: -

CCI - A Wonderful Companion

Posted by CS LLB Pulkit Gupta 27 September 2011 8270 Views

"September 9, 2011, 9.30pm"- I was busy solving questions of Mergers & Acqusuitions from A.N.Sridhar when suddenly I a got a sms from my CCI friend congratulating me. I thought yaar he is too late to wish me for my PCC result. B

Tips on managing your studies while at work

Posted by Sreeniketh Angara 27 September 2011 22642 Views

Hey Friends, Based upon the exhilarating response to my previous article (Tips to manage stress at work especially written to benefit Articled Assistants and others alike :) ), i am now writing this article on how to manage your studies while Doing

Understanding Deemed Dividend with Latest Case Laws

Posted by Manish Kumar Agarwal 27 September 2011 72198 Views

Now a days, in a modern organization , there will exist a complicate business structure of holding & subsidiary companies along with closely held companies. There will be routine flow of funds between these companies. It is very important to h

How to score high in Tax exam

Posted by CA Karishma 27 September 2011 27512 Views

This article is addressing three stages: What to do on Exam day? How to prepare before exams? How to study during coaching? ON THE DAY OF EXAM: It is very important what you feel and do during that 3 hours. If you feel diffident and incapacit

Point of Taxation Rules, 2011

Posted by Selvakumar Selvaraj 24 September 2011 43722 Views

Notification 18/2011 dated 1st March 2011 brought stringent provisions of service tax to get early revenue to the government by introducing Pont of Taxation Rules, 2011. The purpose of rule is to set out as to when service tax to be

Need of correcting our 'Indian Legal System'?

Posted by Durga Rao 23 September 2011 7644 Views

We may very often say great things about Indian Judiciary or legal system. It is true that we have had great legal luminaries, who played a very important role in our democracy defending the Fundamental Rights of the people, expanding the scope of

Environment: Conservation and Challenges

Posted by Nabeel 22 September 2011 16987 Views

Environmental Issues in our age In recent time, Environment is the issue which has been discussed the most, either be it on the table of Policy makers, meeting of NGOs or on the podiums of intellects.

Provision for Expenses - Allowable expenditure

Posted by Manish Kumar Agarwal 21 September 2011 63187 Views

We have to make provision for various expenses based on the estimates at the year end as we are following the accrual system of accounting. But the income tax department was disallowing the same on the ground that same being contingent in n