CAclubindia Articles

Capital Gain - Part 1

Posted by Manish Kumar Agarwal 28 April 2012 74846 Views

UNDERSTANDING TAX ON CAPITAL GAINS WITH LATEST CASE LAWS: PART - I Taxation of Capital Gain is the most disputed subject amongst all major tax disputed subjects. Generally, the capital gain tax not comes to every assessee and it may come in hi

An insight into Point of Taxation Rules, 2011

Posted by vandana 01 May 2021 24810 Views

Introduction Details: a. Notified vide Notification No. 18/2011 dated March 1, 2011 and Notification No. 25/2011 dated March 31, 2011. b. Effective from April, 2011, option to implement from July, 2011. c. The Point of Taxation Rules are for d

India Downgraded - Needs Policies

Posted by Indraneel Sen Gupta 09 May 2021 9170 Views

WRITING ON THE WALL.NOW BEING HEARD. The writing was on the wall and now its being heard. The country's weakening debt profile and sluggish investment climate has blown the trumpet of Indian economic prospects. Well the downgrading

Sick companies - The Companies Bill 2011

Posted by Victor J uruvath 25 April 2012 63329 Views

Our existing companies act 1956 was enacted based upon the recommendations of the Bhabha committee with an object to amend and consolidate the law relating to companies and certain other associations. The Com

Foreign Exchange Management Act, 1999 (FEMA): Basic Understanding

Posted by Ajay Mishra 25 April 2012 392055 Views

INTRODUCTION A system of exchange control was first time introduced through a series of rules under the Defense of India Act, 1939 on temporary basis. The foreign crises persist

Taxability of Gifts

Posted by CA AJIT YADKIKAR 25 April 2012 112029 Views

Taxability of gifts received by an individual or Hindu Undivided Family Gifts received by an individual or Hindu Undivided Family (HUF) are taxable in certain situations as prescribed by Income tax Act. The gift may be in the form of money or p

Steps for E-Filing of Service Tax Return

Posted by Naveen Chand Khulve 23 April 2012 318899 Views

W.e.f. 01.10.2011 vide Notification No. 43/2011 Service Tax, dated 25.08.2011 E-filing of Service Tax Returns (ST-3) made mandatory for all Assessees . Here is the steps for e-filing of service tax return Steps for E-Filing of Service Tax Re

The Companies Bill, 2011 - Welcome Reforms for Independent Directors

Posted by Victor J uruvath 23 April 2012 17909 Views

Introduction When we hear that an individual is appointed as an Executive Director of a company, we know that his duties include fiduciary duties, statutory duties and duty

AMT v/s. SEZ units

Posted by Madhuri Jain 23 April 2012 32471 Views

Has the Finance Act, 2012 tried to make illusionary the exemption benefits available to SEZ units u/s. 10AA of the Income Tax Act ? First of all, let us briefly go through the provisions of exemption u/s. 10AA of the Income Tax Act and the Alt

Critical issues under SARFAESI Act, 2002?

Posted by Durga Rao 23 April 2012 42616 Views

It is always welcome to enable the Banks to recover their dues using the provisions of SARFAESI Act, 2002. It is known that it is very difficult for the Banks to approach Civil Court asking for a decree and getting that decree executed. With the i