CAclubindia Articles

Life is a fun Ride, its not a race - its Lifunride

CA Rajesh Pabari 14 July 2014 at 11:48

Why this Article?This article is written for simple reason that we have forgotten to learn from simple events in life, though they are simple events but the lessons that may be learnt from them can be so profound that it can prove to be life changing

Union Budget 2014 - Indirect Taxation

Madhukar N Hiregange 12 July 2014 at 12:32

In recent times, the law abiding assesses have to contend with large number of target based queries/notices, audits and summons generally high amount of tax terrorism. Infructuos demands [90-95% bound to fail as p

Synopsis of Proposed amendments in Direct Tax in Budget 2014

CA Rahul Jain 12 July 2014 at 12:31

Tax Benefits/ Exemptions to Individual/ HUF • Basic Exemption Limit for FY 2014-15 is increased to Rs. 250000/- for individuals (whether male or female) below 60 years of age. For persons of 60 years or above, the basic exemption limit is raised

Budget 2014 - Impact Analysis for Indirect Taxes

Guest 12 July 2014 at 12:25

Showing Direction towards Beginning of Good Days The people of India have decisively voted for promise of Good Days Ahead from NDA & its Government has used its First Budget prepared within just 45 days of coming to power for laying down a

Union Budget 2014- Indirect Taxation- The Ugly Side

Madhukar N Hiregange 12 July 2014 at 11:15

Union Budget 2014- Indirect Taxation- The Ugly Side- Tax terrorism to Continue unabated. In recent times, the law abiding assesses have to contend with large number of target based queries/notices, audits and summons generally high amount of tax terr

Post Budget 2014 - Central Excise

Madhukar N Hiregange 12 July 2014 at 11:11

There could be various situations which we have examined separately as follows: A. Goods Earlier exempted now exemption withdrawn./ Not liable or nil rated in Central Excise tariff - Goods removed prior to 10.7.2012 not liable: This would be even if

Major highlights in Central Excise and Service Tax

Arun Kumar Singh 12 July 2014 at 11:08

The honble Minister of Finance presented union finance budget for the Financial Year 2014-15. Key changes are enumerated below;CENTRAL EXCISE: - An additional duty of excise is being levied at the rate of 5% ad valorem on waters, including aer

Direct Tax Proposals - Major Amendments in Budget 2014-2015

JITENDRA 12 July 2014 at 11:08

A. MAJOR AMENDMENTS Rates of Income-tax: Personal Income-tax exemption limit raised by Rs.50,000/- that is, from Rs.2 lakh to Rs.2.5 lakh in the case of inpidual taxpayers, below the age of 60 years. Exemption limit: raised from Rs.2.5 lakh to Rs.3 l

Tax Implication after Budget 2014

Dipendra Prasad Poudel 11 July 2014 at 19:04

Hello Everyone,Here are certain tax implications after budget 2014. New Slab Rates1) For Individuals HUF and Body of Individuals Up to 2,50,000 - Nil2,50,001 - 5,00,000 - 10%50,00,001-10,00,000 - 20%10,00,000 and

Full Understanding of Finance Budget 2014

CA Vikas Garg 11 July 2014 at 19:04

Dear All,Find full understanding of Budget 2014Brief on Union Budget 2014 1. Expenditure management commission has formed to oversee the management of expenses during the period.2. 49% FDI in Defence.3. Proposal for direct shareholding in banks