CAclubindia Articles

Highlights of Budget - Finance Bill, 2014 - PART - II

Member (Account Deleted) 18 July 2014 at 13:02

For Previous Article PART -I Click Here PART - II**Capital Gains Tax Definition of Short term Capital asset Section 2(42A) Section 2(42A) has been amended to provide that securities (other than a listed security), listed or unlisted units and

Past Year Cenvat Credit - Last Chance?

Madhukar N Hiregange 18 July 2014 at 13:02

Revenue Augmentation by Way of Cenvat Credit Restrictions[ Past Credit Availment Last Chance? CE/ ST]CA Madhukar N HiregangeExcise duty collections are expected to be about Rs. 2 Lakhs crores and Service Tax collections about 2.2 Lakh

Section 51, Monies Forfeited Characterized With Other Sources

riddhi vasistha 18 July 2014 at 13:02

Finance bill 2014 has proposed to enhance the area of section 51, Forfeiture of advance money received in process of transferring a capital asset. The modification will elevate tax collec

Time limit on Claiming CENVAT Credit: Major Implication

Ankit Bidasaria 18 July 2014 at 13:02

Rule 4 of the CENVAT Credit Rules, 2004 (CCR) provides the conditions for availment of credit. Amendment rules inserted a new proviso after the second proviso in Rule 4(1). The new proviso shall be inserted with effect from first day of

Why tax practitioners bill required in India

BSKRAO 18 July 2014 at 13:01

(1) Below are the accounting bodies of various countrys world over on date, In spite of this, they have separate bodies/legislation for regulation of tax professionals. Reason being, situation similar to that of latest Supreme Court verdict in

Fund Raising Under Companies Act, 2013

CA Gaurav Mittal 18 July 2014 at 13:01

Under Companies Act,2013 A company can raise funds via 3 means :- Deposits. Loans. Capital. The Deposits and loans has already been discussed earlier in other Blogs Deposits : - A

Analysis on Acceptance of deposits under Companies Act, 2013

CA RAVI CHHATWANI 18 July 2014 at 13:01

Chapter VAcceptance of Deposits by Companies Prohibition on acceptance of deposits from public.Sec 73(1) After commencement of this Act, Company has to invite, accept or renew deposits in manner as provided in this chapter. Provided

New Development Bank (BRICS Development Bank)

Nikhil Kaushik 18 July 2014 at 13:01

New Development Bank(erstwhile Brics Development Bank)The term BRICS, coined by economist Jim ONeill today reflects in the newest socio-economic bloc on the ever increasing bi-lateral and multilateral arrangements on the global map. Earlier r

Highlights of Budget - Finance Bill, 2014

Member (Account Deleted) 17 July 2014 at 15:50

PART - I ** Announcements Not to ordinarily bring about any retrospectively. Instead of tax officers, High Level Committee to scrutinize indirect transfer cases covered by retrospective amen

National Pension System - A Government's New Initiative

CA. Kapil Goel, DISA(ICAI) 17 July 2014 at 15:50

The National Pension System (NPS) reflects Government’s new effort to find a suitable & sustainable solution to the problem of providing adequate retirement benefits to the people at large. As a first step towards initiatingthis, Governmen