CAclubindia Articles

Input Tax Credit w.e.f 1st April under Punjab VAT Act, 2005

Amit Bajaj 01 May 2014 at 11:25

Input tax credit is a concession granted by the State Government against the output tax liability on the sale or purchase of goods within the State jurisdiction. To avail such concession one has to fullfill the conditions imposed by the statue subjec

Companies (Registration Offices and fees) Amendment Rules, 2014

CS M.Kurtrala Nathan 01 May 2014 at 11:25

The MCA has amended the Companies (Registration offices and fees) Amendment Rules,2014 and specifies e-forms which need pre-certification by CA or CS or CMA.These rules shall come into force w.e.f 28 th April 2014Pre-certification of e-forms by CA or

Gifts to and from HUF

vinay v. kawdia 01 May 2014 at 11:24

In this article, the author endeavours to prescient the amendment by Finance Act, 2012 in the definition of 'relative' in Explanation (e) to clause (vii) of Section 56. The article also critically analyses the recent judicial decisions on the

One Person Company - A New Business Ownership Concept

CA Jaynam S. Shah 30 April 2014 at 11:21

BACKGROUND THE COMPANIES ACT, 2013On August 29, 2013 the much-awaited Companies Bill 2013 (the bill) received assent from the President Pranab Mukherjee. With this move, our country has got new company law that has replaced the

Clause 49 Vs Companies Act, 2013

CS M.Kurtrala Nathan 30 April 2014 at 11:21

Introduction: To make the listed companies more transparent and to align the provisions related to listing agreement with the Companies Act 2013 ,Capital Markets Regulator, SEBI has amended Clause 49 of Listing Agr

Friendly introduction to Income From house Property

Annu Agarwal 30 April 2014 at 11:20

Hello everyone!!Have you ever realized that reading a book alone is always boring as compared to reading the same book along your friends. In this new article of mine, I have tried to discuss the topic in an interactive manner to make it more intere

Study Tips and Examination Techniques

Madhukar N Hiregange 28 April 2014 at 12:02

The taxation paper is one of the best scoring paper in the IPCC exam. This can help to make good the shortage of marks in other papers or to get exemption which can assist in the next attempt. Recently more importance has been given to taxation paper

CMA and CS as accountants.Why should only CA's be accountant

Rohit Jain 28 April 2014 at 12:02

Man is a weird creation of god. Although his most perfect creation, we humans have a tendency to be jealous, short-sighted, and selfish and constrained in our views. Few are able to lift their conscience beyond the stopping point and st

Karniti Part-34: Controversies between MVAT Department & Builders

CA Umesh Sharma 28 April 2014 at 12:02

Controversies between MVAT Department and Builders.Arjuna (Fictional Character): Krishna, in this period of recession builders are very tensed and disturbed. After the decision of Honorable Supreme Court, it seems that Maharashtra VAT department incr

Penal Provisions for late filing of return under RVAT 2003

PAWAN KUMAR KEDIA 28 April 2014 at 12:02

Introduction :Since commencement, the penalty or late fees under RVAT for delay in filing of returns is linked with the category of tax payer, whether he is a monthly tax payer or non m