CAclubindia Articles

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

Posted by Member (Account Deleted) 21 July 2014 15440 Views

For Previous Article PART - I Click HereFor Previous Article PART - II Click HerePART - III**International Tax Characterization of income in case of Foreign Institutional Investors (FII) Section 2(14) Definition of the term Capital Ass

Union Budget - I T simplification and aam aadmi ignored

Posted by Mahesh Kapasi 21 July 2014 12750 Views

Modi governments first budget has belied the hopes of aam aadmi especially on Income Tax as an increase of Rs. 50,000 in exemption

November 2014 - Important Info and links for CA CS Student

Posted by Ankur Garg 21 July 2014 107939 Views

Dear Aspirants, I have compiled some useful information with relevant links for the use of CA and CS Aspirants. This information will help you to understand the implications and applicability of Companies Act, 2013 along with useful study material on

TDS on Contractors and sub-contractors

Posted by Sandeep Dharar 21 July 2014 76581 Views

I In recent days there r common question and confusions regarding section 194C. So I am presenting the article from my side to get rid out of all the confusions regarding Contract, Rates of TDS, Liability where tax is arise etc. Deduction of ta

Service Tax Amendments - Budget, 2014

Posted by Lalit Kumar Gupta 18 July 2014 188717 Views

AMENDMENTS IN SERVICE TAX BUDGET, 2014Service Tax changes and proposals are categorized in below manner:-1. Negative list of services2. Mega Exemptions Notification No. 25/2012-ST3. Notification No. 26/2012-ST4. Notification

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

Posted by Member (Account Deleted) 18 July 2014 21442 Views

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?

Posted by Madhukar N Hiregange 18 July 2014 19675 Views

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

Posted by riddhi vasistha 18 July 2014 14536 Views

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

Posted by Ankit Bidasaria 18 July 2014 25851 Views

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

Posted by BSKRAO 18 July 2014 25706 Views

(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