CAclubindia Articles


Stay outside Taxman's radar- avoid cash gifts!

  CA Nikita    09 October 2007 at 11:50

A fool judges people by the gifts they give him, says a Chinese proverb. The proverb would not stand its ground in India, thanks to the taxman extending his cold fist towards gratuitous amounts dropped in your pocket. Over the past years, India has w



Unlocking the Budget Code

  CA. Rayan Sequeira    08 October 2007 at 21:33

"It is my privilege to present the Budget for 2007-08" were the words of our honourable finance minister Shri P.Chidambaram as he set the ball rolling & opened the yearly mystery package, generating a wave of curiosity across the nation as to wha



Eliminating The Audit Expectations Gap: Reality or Myth?

  CA. Rayan Sequeira    08 October 2007 at 21:33

A gap between the auditor's actual standard of performance and the public expectations of auditor's performance."Blessed is the man who expects nothing, for he shall never be disappointed" is one of the famous quotes by Alexander Pope what we had bee



Enrooting to Alternatives....

  CA. Rayan Sequeira    08 October 2007 at 21:33

What happens if you are in need of money but bounded by laws & restrictions??? What would you do, if someone appreciates your work & is ready to avail funds for you to improvise & innovate your ideas.... & you cannot take it due to res



SOME CREATURES OF NATURE AND THEIR FOOD

  CA. Rayan Sequeira    08 October 2007 at 21:33

Wondering what this article is all about?? Creatures of nature & food featuring in an Income tax Article? Yes, This article is something about creatures and their food. Don't you people feel it's always a boredom to talk about law and sections? S



Brass Tacks of Excise

  CA. Rayan Sequeira    08 October 2007 at 21:33

Central Excise duty is an indirect levy and collection of tax on goods manufactured or produced in India. To levy any duty, tax etc it should be in accordance with the constitution of India. Entry 84 of Union List empowers the levy of excise duty on



Tone up the IT Act!!

  CA Nikita    07 October 2007 at 21:58

The next Budget is some months away but already the air is rife with expectations, what with the Finance Minister announcing the arrival of a new income-tax code before end-2007. The Companies Bill, 1993 and the Companies Bill, 1997 flattered to dece



Win or Loose The option is Your's

  CA. Rayan Sequeira    06 October 2007 at 16:15

The turnaround in the Indian economy has paved way for new & sophisticated Financial instruments to mark their arrival on the scene, thereby broadening the "Investors' Basket". In the year 2000, the Indian capital markets welcomed one of such ins



MAT Credit - An overview of its rationale and impact

  CA. Rayan Sequeira    06 October 2007 at 16:15

"There was an era when the corporate entities mocked at the income tax department, since they had sizeable profits as per the accounting books but ended up contributing nothing to the coffers of the department. Taking the tax provisions to their adva



Foreign Direct Investment In Retail Sector

  CA. Rayan Sequeira    06 October 2007 at 16:15

Introduction:Retail sector being one of the most important and prominent sectors in India, has solved the problem of unemployment and has served the ultimate consumers to the best. Retailing has been in recent trend with attractive outlooks & imp