students

Just a Thought – CA Students

If you are a CA Student, then read it….It's been more than 7-8 months for me to be an user of this app. Being a CA Student, i was very much active in replying to queries related to Board of Studies, Articleship, CPT, IPCC, Final subject wise issues. But, there is a particular trend which is being followed by CA Students which is not good for them. let me explain what is it…. •If someone didn't get his articleship letter then he [...]

International Taxation – Computation of ALP

Hello Readers, Hope you have read the previous parts. Click here to see the previous parts. Let’s proceed further…. Computation of ALP: I had already discussed CUP method of computation of ALP, so now let us discuss other parts: Method 2: Resale Price Method The resale price method (RPM) is a method which compares the gross margins (i.e. gross profit over sales) earned in transactions between related and unrelated parties for the determination of the ALP. The RPM requires high level of functional comparability and [...]

International Taxation – Int. Transactions, Profit Shifting, ALP Computation

Hello readers, hope you have read the previous parts in which we had covered the basics of international taxation laws and the concept of associated & deemed associated enterprises. Let’s proceed further….. International Transaction An international transaction means: a transaction between two or more associated enterprises, either or both of whom are nonresidents; and transaction in the nature of: sale/ purchase/ lease of tangible property; or sale/ purchase/ lease of intangible property; or provision of services; or lending/borrowing money; or any other [...]

International Taxation – Associated Enterprises

Hello Readers, Yesterday we have discussed about the basics of international taxation and covered basic aspects regarding the Arm Length’s Price principles and the reason behind the introduction of transfer pricing provisions in the Income Tax Act, 1961. Hope you have gone through it. Let’s proceed further and today we will cover other aspects of transfer pricing. **TP means Transfer Pricing **ALP means Arm Length Price Section 92: COMPUTATION OF INCOME FROM TRANSACTION WITH NON-RESIDENT Section 92 provides that any income arising from an “international transaction” [...]

International Taxation – Basics

INTERNATIONAL TAXATION Why should a Chartered Accountant be aware of International Taxation Laws? In context of ICAI’s vision; The profession of Chartered Accountancy is touching international heights in the area of Auditing and Taxation. Our Institute is working relentlessly for making Indian Chartered Accountants, A Global Professional. Now what makes a Chartered Accountant different from other professionals is their adaptability towards new and tough areas. As you know very well, Taxation is the most dynamic and wide area as compared to [...]

GST Presentation – 1 (Overview)

"GST -  A New Awareness" by Kanika Aggarwal -  A series of powerpoint presentations on GST. For Detail study you can also refer GST Duniya series on www.atulkhurana.com. Here is the Link of our 1st presentation that deals with overview of GST. Click here to Download

THE POWER OF HARD WORK, DEDICATION, PATIENCE & POSITIVITY

Hello everyone, this time I came up with a very practical topic related to the life of everyone. It was almost 15 days left for the exam when I suddenly had a thought to write on this topic. As i was passing by some difficult phases of the life and at that times a wise decision is must needed thing otherwise distraction is a sure shot thing to emerge in minds, so I thought to find out the answer and share [...]

Never Give Up!!! Everything Happens For A Reason

These 3 words NEVER GIVE UP seems to be very common to us as since our childhood, we are listening to the same  from our parents, teachers and friends but after a failure these three words becomes the sense of motivation in the lives of almost all of us. Let me explain the same thing with the example of someone who is very close to me: He is my childhood friend and I am not having any doubt in saying this [...]

The Power of Belief System

What is it?? Does it really affects our lives?? Is there any need to understand it?? The answer is Yes….and the reason will be known to you as you will go through this article. First of all, let me explain you the meaning of BELIEF SYSTEM: This is the system of our Thought Process running continuously in our mind either we are awake or sleeping. This is the real state of our mind that directs us regarding what to do or i [...]

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