CAclubindia Articles

Summary on Transfer Pricing

CA Vinay parmar 05 July 2013 at 12:34

Summary on Transfer Pricing 1) Introduction :- Transfer pricing was introduced basically to curb the tax evasion practices followed by many Multinational Groups having presence in India. These Multinational Groups normally transfer their taxable pr

Issues in Real Estate under Service Tax and VAT

Swati rathi 05 July 2013 at 12:34

In growing economies like India, infrastructure and real estate industry plays a major role in the development of a nation. It acts as a foundation based upon which growth of the nation depends. Economies can sustain

Exemption from Service Tax to SEZ's

CA Prateek Marlecha 05 July 2013 at 12:34

CBEC on July 01, 2013 issued notification no. 12/2013 granting exemption from service tax to units located in SEZ or developers of SEZ for the services used in their authorized

Procedures to upload ITR and 3CB/3CD

Naresh Kansala 05 July 2013 at 12:34

Procedure to upload ITR and Form 3CB/3CD Based on Personal Experience 1) Firstly CHARTERED ACCOUNTANT has to register on Income Tax Site:- a) Steps to Register:-

Tax Clarifications For Your Multiple House Property Investments

Chenoy Ceil 04 July 2013 at 11:42

If you are wondering how many residential properties you can own? Well, legally speaking, there are no restrictions on owning more than one house property. Today, owning multiple house properties is fast catching up with the urban population and thu

Merilyn Shipping's case analysis with Cal-HC decision

CA Aman Gupta 04 July 2013 at 11:25

CIT -vs.- Crescent Export Syndicate (ITAT 20 of 2013) (Cal-HC) Brief Facts: The assessee incurred expenditure during the year on which TDS have not been deducted. The AO disallowed the expenditure u/s 40(a)(ia). On appeal, the Tribunal relied on

Appointment of Cost Auditor

Vatsal Bhandari 04 July 2013 at 11:25

Appointment of Cost Auditor The procedure has been modified by the Cost Audit Branch of the Ministry of Corporate Affairs vide General Circular No. 15/2011 dated 11th April 2011. Difference between new and old procedures of Appointment of Cost

Internal Audit-Role of Management and Internal Auditor

Ca Jai Prakash Agarwal 04 July 2013 at 11:24

Internal Audit Role of Management and Internal Auditor in its successful and effective execution WHAT IS INTERNAL AUDIT? Internal Audit as the name implies is an audit which is got carried out by the internal management. Generally internal audit is

Authority for advance ruling under State VAT Act cannot give clarifications under CST Act

Amit Bajaj 03 July 2013 at 12:10

Andhra Pradesh High court in Prathista Industries Limited vs Commercial tax Officer [2013] 61 VST 58 (AP) has held that Authority for advance ruling under State VAT Act cannot act as Authority for Advance Ruling under Central sales Tax Act, 1956.

Note on changes in companies (Acceptance of Deposits) Rules, 1975

Ajay Mishra 03 July 2013 at 12:10

NOTE ON CHANGES IN COMPANIES (ACCEPTANCE OF DEPOSITS) RULES, 1975 In March 21, 2013, Ministry of Corporate Affairs (MCA) has made amendments in provision of Rule 2 of the Companies (Acceptance of Deposits) Rules, 1975, by way of Notifications. T