CAclubindia Articles

TDS is no more Tedious

Posted by Member (Account Deleted) 19 May 2011 17883 Views

TDS is no more Tedious Govt easily says Tax bharo Aur chain Ki Nind so But when you actually deduct tax & deposit that to Govt aapki Raton ki Nind Ud jati Hai. Now days, Income Tax department very frequently issuing Notices u

Section 68 of Income Tax Act 1961

Posted by Amit Bajaj 19 May 2011 136557 Views

According to section 68 of Income Tax Act 1961, where any sum is found credited in the books of an assessee maintained for any previous year, and the assessee offers no explanation about the nature and source of the same or the explanation offered b

Growing consumption a bane for India - Cost Management

Posted by CMA.Devarajan Swaminathan 18 May 2011 7411 Views

Growing consumption a bane for India - Chandran Nair.I was reading this interview that appeared in the Economic Times, Mumbai Edition today with great interest. "Author and think-tank founder Chandran Nair is a second-generation Indian-orig

Export of Service

Posted by Sunil Singh Thakur 18 May 2011 37219 Views

Service Tax as its name suggests is a tax on services. Service tax in India is regulated by a statute which is exclusive in nature. In other words, it does not bring to tax all the services but only those services which are expressly included in t

Articleship - The Goldmine

Posted by Gaurav Arya 18 May 2011 16104 Views

ARTICLESHIP THE GOLDMINE As per Income Tax act, a long term asset is that asset which is held for more than three years. And this long term asset, if sold Capital Gain is taxable @20% flat rate. Friends articleship period in CA course is

What if there is nothing called as Interest?

Posted by Fahim 18 May 2011 5941 Views

This question should have come in the minds of a large number of entrepreneurs more often than not. By interest what I mean is the excess money a borrower has to pay to a lender for a period for having borrowed a certain amount of mo

Be A Good Communicator!

Posted by BAIJU MASOODU 17 May 2011 18175 Views

COMMUNICATION SKILLS Part II (TECHNIQUES) Please read Part I of this series posted on 28/04/2011 in career (COMMUNICATION SKILLS- it really matters) I dont know English grammar. This is the usual complaint of people w

Striking Off Name of Company

Posted by CS Bijoy 16 May 2011 121978 Views

STRIKING OF NAME OF COMPANIES INTRODUCTION: On incorporation of a company a certificate of registration is issued from the government of India with the condition that the company has come into existence from the date of registration and the name o

Service tax on representation services by CA

Posted by CA Rohit Gupta 16 May 2011 26511 Views

Finance Act, 2011 made the services rendered by legal firms taxable. And with this also rescinded the notification no. 25/2006 vide notification no. 32/2011 which exempted the representation services provided by CAs and CS to their clients. The noti

Issue of TDS Certificate

Posted by Muralidharan 14 May 2011 50507 Views

13th May 2011 Dear Forum Members We are all aware that those who deduct TDS has to issue TDS Certificate (Form 16A) for every quarter. This is applicable from the financial year 2010-11 onwards (Assessment Year 2011-12). This has put an additional b