CAclubindia Articles

Examination Exhibit professionalism by complaining responsibly

Posted by Madhukar N Hiregange 11 May 2011 10859 Views

Examination Exhibit professionalism by complaining responsibly Madhukar N Hiregange FCA Year after year the professional examination are held and many students are unable to get through. The reasons could be many: 1. the high level of

FAQ's on Appointment of Cost Auditor by Companies

Posted by sunil 11 May 2011 19354 Views

Frequently Asked Questions on Appointment of Cost Auditor by Companies Q.1 Has the Government prescribed a new procedure for appointment of cost auditor by the companies? Ans. Yes. The procedure has been modified by the Cost Audit Branch

New Section 44AD - Text and Discussion

Posted by Amol Gopal Kabra (CA,CS,DISA) 11 May 2011 239748 Views

An overview of New Section 44AD of the Income Tax Act, 1961 that comes into effect from A.Y. 2011-2012 Section: 44AD Special provision for computing profits and gains of business on presumptive basis. (1) Notwithstanding anything

Draft your CV with care

Posted by BAIJU MASOODU 11 May 2011 17008 Views

Draft your CV with care "Send us your updated CV." This is the beginning of every hiring process. At the outset you are going to be evaluated based on your CV. The prospective employer has only minutes to spare for a primary evaluati

FAQ on refund process

Posted by CA Sanat Pyne 10 May 2011 11367 Views

1. What is refund process? The user is required to make various payments to avail MCA21 services. A number of instances have been observed where the users make multiple payments or incorrect payment or excess payment while using these services. I

Loss arising in case of Bonus Stripping

Posted by Alok Siddapur 10 May 2011 12785 Views

According to Section 97(8) if all the following conditions are satisfied then loss arising on account of purchase and sale of units(hereinafter referred to as original units) shall be ignored for computing income chargable to tax 1) Any person buys

CENVAT

Posted by Sathya Sankeerth K N 10 May 2011 23877 Views

CENVAT Basic purpose of VAT is to avoid cascading effect in the payment of taxes to the government. Its main advantage can be found as fall in the payment of taxes by the ultimate consumer. CENVAT also comes in the same format but is structured in

Income Tax Amendments by Finance Act, 2011

Posted by CA Ishaan 09 May 2011 197016 Views

The following changes have been effected in the Income Tax Act,1961 by way of Finance Act, 2011 : 1. Rates of Income Tax: Rates under the various categories have changed. INDIVIDUAL (EXCL. WOMEN) BELOW 65 YEARS OF AGE/HUF/AOP/BOI/AJP :

Compilation of Notifications Issued on or after 25/04/2011

Posted by CA Ishaan 09 May 2011 18906 Views

Many new notifications have been issued by the Central Board of Excise & Customs on 25-4-2011 in the field of Service Tax. They have been compiled here along with relevant inputs from the Letter by Joint Secretary(TRU-II) 1. DATE OF COMI

Levy of penalty or interest for non submission of C forms

Posted by Amit Bajaj 09 May 2011 226273 Views

As we know C forms are required to be submitted by a seller with the sales tax authorities after obtaining the same from the purchaser of goods if the sale is an interstate sales and CST has been charged at concessional rate of 2% as per the require