Posted Date : 13-Sep-2012 , 10:34:59 am | Posted By CA. KRISHAN KUMAR SAINI

The sole proprietorship is the oldest, simplest, and most common form of business entity. It is a business owned by a single individual. For tax and legal liability purpose, the owner and the business are one and the same. The proprietorship is not taxed as separate e...

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Category : General | Comments : 0 | Hits : 988

Posted Date : 12-Sep-2012 , 02:02:54 pm | Posted By Pique242

Idea similar to Carbon Credit, called Tree Credit! -Paras Kedia ParasKedia@yahoo.com I aim at planting a good idea in your mind.   We all know beautiful glaciers are melting daily in some part of the world because of Global Warming. Yet we do nothing but relish ...

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Category : Income Tax | Comments : 2 | Hits : 607

Posted Date : 11-Sep-2012 , 04:34:01 pm | Posted By Mukul Gulati

Security of Career in Profession like CA Now a day, some bad news, views and experiences are floating everywhere related to lack of employment in CA profession. Some people are saying that now CA’s are getting the status of B.com graduates. They also refer to camp...

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Category : Students Zone | Comments : 1 | Hits : 1768

Posted Date : 11-Sep-2012 , 04:31:31 pm | Posted By Mukul Gulati

Cases pending trails in various courts in India Alternate Dispute resolution and cases pending trails in various courts in India - By CS a Rengarajan Let us see pending cases reported in various high courts, subordinate courts and Supreme Courts as per news items published Times of India date...

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Category : General | Comments : 0 | Hits : 362

Posted Date : 09-Sep-2012 , 11:37:15 pm | Posted By Mukul Gulati

Wealth Tax Act, 1957 Basic Concepts: Charging Section 3:Subject to the other provisions contained in this Act, there shall be charged for every assessment year commencing on and from the 1st day of April, 1993, wealth-tax in respect of the net wealth on the corresponding valuation date of...

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Category : Income Tax | Comments : 1 | Hits : 1714

Posted Date : 08-Sep-2012 , 12:28:01 pm | Posted By Mukul Gulati

What's behind every Success? Success” a word desired by all, aimed by many, tried by few and achieved by rare. So what’s in between those “all” to “rare”? We all are fantasized by some great persons and their achievement, but we never ever try to ge...

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Category : Students Zone | Comments : 0 | Hits : 428

Posted Date : 08-Sep-2012 , 12:26:27 pm | Posted By Mukul Gulati

Insurance- a Financial Planner?   Hello everyone. Everyone knows about insurance very well. It is protection against contingencies. If any uncertain event happens then there is an insurance company which will pay a certain amount to us or our nominees. ...

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Category : Finance | Comments : 0 | Hits : 358

Posted Date : 08-Sep-2012 , 12:24:55 pm | Posted By Mukul Gulati

Tax Accounting for Constructions Contracts   Dear Members,   Many Construction Contractors are Always Found in Confusion to Which System is to be Followed for Accounting as Far as Income Tax Act is Concerned.   Here...

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Category : Income Tax | Comments : 0 | Hits : 741

Posted Date : 08-Sep-2012 , 12:07:48 am | Posted By CA Ramesh K Chhajer

  TREATMENT OF PRELIMINARY EXPENSES AS PER REVISED SCHEDULE VI As per the Revised Schedule VI, Preliminary expenses which are to be amortized over the period of their benefit or to be amortized as per the provisions U/S 35 D of Income Tax Act, are to shown as Unamortized Expenses und...

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Category : Income Tax | Comments : 2 | Hits : 17802

Posted Date : 08-Sep-2012 , 12:06:33 am | Posted By CA Ramesh K Chhajer

  STATUS OF HUF IN A PARTNERSHIP FIRM   Representative of HUF in a Partnership Firm : An HUF can become a partner in a firm. The Karta or a member of the HUF can represent the HUF in a firm. A female member can also represent HUF in a partnership firm, CIT v. Banaik Indu...

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Category : Income Tax | Comments : 1 | Hits : 1264

Posted Date : 06-Sep-2012 , 03:01:15 pm | Posted By Mukul Gulati

Filing tax returns in odd situations If travelling or seriously indisposed With online filing, you can submit your return from any corner of the world. However, if you take the offline route and are travelling overseas, any person authorized by you can file on your behalf. You need to gi...

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Category : Income Tax | Comments : 0 | Hits : 489

Posted Date : 06-Sep-2012 , 11:10:02 am | Posted By SHIKHA SONI

The decision to make a concerted effort to improve yourself through personal development is a good one. Many people have improved their lives and have become success stories with the use of self help information. It is important that you know that you must be truly dedicated to your pursuit o...

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Category : General | Comments : 0 | Hits : 670

Posted Date : 05-Sep-2012 , 07:55:42 pm | Posted By Neeraj Dhikoliya

A perusal of the provision of section 54 shows that the exemption under the said section is available on transfer of along term capital asset in respect of residential house and land or building appurtenant thereto to an assessee who is either individual or Hindu...

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Category : Income Tax | Comments : 0 | Hits : 536

Posted Date : 05-Sep-2012 , 04:33:03 pm | Posted By Mukul Gulati

Cloud Computing – Opportunities and Challenges for CAs Let us see this concept of Cloud Computing in short and sweet manner along with the opportunities and challenges for Chartered Accountants in this field.   Cloud computing is ...

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Category : Students Zone | Comments : 0 | Hits : 1172

Posted Date : 05-Sep-2012 , 12:41:02 am | Posted By Mukul Gulati

Word Meaning Related to Ethics & Communication Words Meaning Remarks Verdict ---------------------Judgement, Decision Petition----------------- ---Appeal, Formal Request, Plead Deserve --------------------To Be entitled Aspiration Goal----------Objective, Target,...

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Category : Corporate Law | Comments : 0 | Hits : 502

Posted Date : 04-Sep-2012 , 04:50:35 pm | Posted By Mukul Gulati

A Golden Way to Curb Corruption & Black Money Money has become an integral part of our life and it seems we all are satisfied with this system. It has been a long time since Barter system has been replaced by Money System and Currency in the form of Coi...

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Category : General | Comments : 1 | Hits : 743

Posted Date : 04-Sep-2012 , 04:33:50 pm | Posted By Mukul Gulati

Benefits u/s 80ID Five year tax holiday for hotels located in specified districts having a world Heritage Site:   Section 80-ID of the Income-tax Act provides for a five year tax holiday to new hotels of two, three and fo...

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Category : Income Tax | Comments : 0 | Hits : 582

Posted Date : 01-Sep-2012 , 06:51:50 pm | Posted By CA. Ajay Agrawal

National Stock Exchange on 31th August 2012 issued detailed guidelines for its new trading platform for shares of small and medium enterprises (SMEs), where the first Initial Public Offer by a company would begin on September 4.  As per a circular issued by NSE, all membe...

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Category : Shares & Stock | Comments : 0 | Hits : 708

Posted Date : 01-Sep-2012 , 06:42:18 pm | Posted By CA. Ajay Agrawal

    Capital contributed by a partner and remuneration paid or payable  by a firm to its partners, both, are not liable to service tax. -                                &nb...

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Category : Service Tax | Comments : 0 | Hits : 1354

Posted Date : 31-Aug-2012 , 03:46:45 pm | Posted By Mukul Gulati

PCC/IPCC Useful: Proxy Provisions - A Procedural Analysis Please find below a useful article covering some relevant information regarding Proxy in public and private company. Hope this article would be off some help in your professional working: PROXY Section 176 of the Companies Act...

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Category : Corporate Law | Comments : 0 | Hits : 512