CAclubindia Articles

Service tax on reimbursable expenditure - Paradox rejuvenated

Posted by CA.Manindar Kakarla 08 July 2015 21639 Views

INTRODUCTION:Incurring of reimbursable expenditure by service provider during the course of providing his services and service receiver subsequently reimbursing them is the inevitable business expediency in certain service sectors. Inclusion of this

A brief note on export promotion capital goods scheme

Posted by CS Aditya Singhania 07 July 2015 8659 Views

Introduction:The Export Promotion Capital Goods (EPCG) scheme was one of the several export-promotion initiatives launched by the Government in the early '90s. The basic purpose of the scheme was to allow exporters to import machinery and equipm

Get acquainted with terminologies used frequently in legal jargon

Posted by Amit Bavishi 07 July 2015 8976 Views

Many of our readers are students, pursing Professional courses, like CA, CS, CMA, etc., aiming to be a great professional in their life. While going through the studies most of us find hard to understand the meaning of some terms, words and/ or expre

Applicability of 'Res Judicata' on taxation matters

Posted by CS Aditya Singhania 07 July 2015 5619 Views

"Res Judicata pro veritate accipitur" is the full Latin maxim which has, over the years, shrunk to mere "Res Judicata”. The doctrine of Res Judicata operates on three basic principles stated here-in-below for ease of reference:In

Saying sorry is difficult. But if done, makes you feel awesome!!

Posted by Nimish Goel 07 July 2015 7393 Views

This article is very special as it doesn�t relate to any career guidance or mentoring I generally do through my blog www.nimishgoel.com. This article is inspired from a real life incident that happened with me couple of weeks back when I acted

The ITR SAGA - The Who, when and what of the Annual Disclosure Exercise

Posted by Dhawal Jain 07 July 2015 5681 Views

�Income tax returns are the most imaginative fiction being written today. ~Herman Wouk (Pulitzer Prize-winning American author)��Taxes: Of life's two certainties, the only one for which you can get an automatic extension. ~Auth

What's going on with Greece and its economy?

Posted by CA Rohit kapoor 06 July 2015 40562 Views

Greece is a country gripped by huge money problems and now the banks there are closed for the week. But how have things got this bad?Over the last 10 years, Greece borrowed lots of money from European

Service Tax on Hotels and Restaurants - Analysis

Posted by Madhukar N Hiregange 06 July 2015 34452 Views

Introduction Under negative list based taxation, service tax is levied on all services other than those covered in negative list or a subject matter of exemption

Black Cloud & Black Money, will they come & rain in Country?

Posted by CA Umesh Sharma 06 July 2015 6200 Views

Karneeti Part 105Black Cloud & Black Money, will they come & rain in Country? Arjuna (Fictional Character): Krishna, at the time of arrival of monsoon season farmer keeps watch on the sky. Farmer thinks that will black cloud give rain. Simil

Gearing up For GST - 2017?

Posted by Madhukar N Hiregange 06 July 2015 16444 Views

Gearing up for GST- 2017? CA Madhukar N Hiregange Backdrop:GST in India is expected to be a destination based consumption based levy. Destination principle would be applicable in normal course of bus