CAclubindia Articles

Rivalry in professional services

CA Nikita 21 June 2007 at 08:09

Restricted service fields can gain the most through freer rules for competition The institutional structures of a modern economy owe much to the learned professions-such as the accountants, lawyers, engineers and architects. Upon these professions re

Get online, not in line, to pay tax

CA Nikita 21 June 2007 at 07:51

Paying taxes has never been simpler with the authorities introducing the mechanism of online payment. The use of electronic means to deliver services is not only an efficient and speedy process, but it also facilitates a transparent process for disse

DDT as I-T must be added to 'book profit' while computing MAT

CA Nikita 21 June 2007 at 07:41

The increase in the dividend distribution tax (DDT) rate in the Finance Act 2007 was viewed sceptically by the industry. The levy of minimum alternate tax (MAT) on the IT sector, which is enjoying tax deduction under section 10A/10B of the Income Tax

The Global warming - How bad it is for India

tarun 20 June 2007 at 02:45

The Global warming - How bad it is for India The fact that it is the first time that I am using the channel to write about some thing which has nothing to do with taxation , itself implies the seriousness of the issue and how it concerns us all . It

Valuation of related party transactions by taxmen, SERVICE TAX

CA Nikita 20 June 2007 at 02:19

Pricing of cross border supplies of goods and services assumes significance for the purpose of determining customs duties thereon and also for ascertaining the income tax liability of the person undertaking or receiving cross border supplies. It ther

Distinction between shares held as stock-in-trade and shares held as investment - tests for such a distinction

CA Nikita 20 June 2007 at 02:07

Distinction between shares held as stock-in-trade and shares held as investment - tests for such a distinctionCIRCULAR NO. 4/2007, DATED 15-6-2007 The Income Tax Act, 1961 makes a distinction between a "capital asset" and a "trading asset".2. Capital

Income Tax Rules providing tax exemption to charitable and religious entities modified

CA Nikita 20 June 2007 at 01:52

June, 14th 2007Charitable and religious entities -Amendments to rules providing tax exemption The Ministry of Finance explained the relevant changes made to the Income Tax Rules 1962 that provided tax exemption to charitable and religious entities. T

Of deemed dividends and accumulated profits

Guest 18 June 2007 at 04:36

The concept of deemed dividend postulates two factors, whether thepayment is a loan and whether on the date of payment there isaccumulated profit.Closely-held companies having accumulated profits in whichsubstantial voting power lies in the hands of

Deadly sins of management writings

Guest 15 June 2007 at 03:55

The MIT Sloan Management Review brings out every quarter acompendium of ideas, opinions and research on the precepts andpractices of management and their application to real lifesituations. Whoever closely follows the contents over a period isbound t

Chartered Accountants as a Career

धारा - 1 13 June 2007 at 22:02

Overview The role of Chartered Accountants has been undergoing a sea change. What was once a regulatory function has now evolved to a compendium of roles dealing with finance. Chartered Accountants (CAs) occupy key posts