CAclubindia Articles

COMPROMISE UNDER VAT LAW

CA. Rayan Sequeira 05 October 2007 at 23:55

The word "composition" denotes mixture of more than one character. In general sense "composition" is an agreement between the parties where one party agrees to pay less than what has agreed in full satisfaction of the whole of the claim. Therefore

Its Tax Audit Time

CA. Rayan Sequeira 05 October 2007 at 23:55

--Concept, emergence and prolongation of tax audit.The year 2007 marks the completion of 22 years of Tax Audit"It's not enough that we do our best; sometimes we have to do what's required", a quot

SOX Act of 2002: Overview

Ankit Dangayach 05 October 2007 at 23:55

The Sarbanes-Oxley Act of 2002 (SOA or SOX) "The Act does not differentiate between U.S. and Non U.S. companies in its application."What is Sarbanes Oxley Act of 2002?Legislation passed by the US Congress providing new corporate governance rules, re

FILLING LOWER TDS? GET READY FOR A CALL FROM I-T

CA Nikita 04 October 2007 at 21:03

Individuals trying to evade taxes by getting a lower tax deducted at source may soon get a call from the tax collector. The finance ministry is planning to crack the whip on those trying to conceal their income and evade taxes through the system of t

MNCS GET TAX BREATHER ON ASSET SALE

Ravikumar.G 04 October 2007 at 16:20

Foreign companies selling assets in India could end up enjoying a concessional rate of capital gains tax of 10% even if these companies enjoy the foreign currency fluctuation benefit.This follows the ruling by the Authority for Advance Rulings (AAR)

AS 28 impact on OIL & GAS companies

CA Nikita 04 October 2007 at 01:12

D MuraliEven as the field personnel of oil andgas (O&G) companies continue to battle with many complexities toget us the fuel, their accounting colleagues are toiling with adifferent difficulty: how to apply the Accounting Standard on assetimpair

service tax refund to exporters

tarun 03 October 2007 at 16:31

Dear Sir,government of india has just issued a notification regarding service tax refund to exporters..can any one tell me much about this..plz let me also know what are the services on which the exporters can claim service tax refund...can any one t

Public Documents as 3rd party documents under the RTI Act

CA Nikita 02 October 2007 at 22:39

How can Public Documents under the Indian Evidence Act be treated as 3rd party documents under the RTI Act to deny its access-Rajib Gupta I was always under the impression that the laws are made to infuse discipline & serve the ends of justice &a

How Performance Budgeting Can Help

CA Nikita 02 October 2007 at 22:17

21st Century Challenges: How Performance Budgeting CanHelpGAO-07-1194T September 20, 2007 As part of its work to improve the management andperformance of the federal government, GAO monitors\nprogress and continuing challenges in using\u003cbr\>\nper

Cyprus: An Alternative Structuring route

Abhiroop 02 October 2007 at 18:57

Cyprus: An Alternative Structuring route Cyprus is emerging as one of the alternative jurisdictions for structuring of Investments and is fast emerging as one of the most favoured jurisdictions. The advantages that Cyprus offers are many to make