CAclubindia Articles

N. No.12/2015-CE(NT) - Fate of Service Providers?

Posted by CA. C V SURYAM 04 May 2015 19060 Views

The most awaited notification on the fate of opening cenvat credit of Education Cess (EC) and SHE Cess (SHEC) lying as on 01/03/2015 has been notified on 30/04/2015. But this notification speaks about only excise duty payable by manufacturers but no

Taxation under MAT

Posted by Manish Kumar Agarwal 04 May 2015 29422 Views

Normally, a company is liable to pay tax on the income computed in accordance with the provisions of the Income-Tax Act, but the profit and loss account of the company is prepared as per provisions of the Companies Act. In the past, a large number of

Return of Income

Posted by CMA Poornima Madhava 02 May 2015 31813 Views

Who has to submit return of income? Taxpayer Section under which return to be filed Minimum income to attract the provisions of filing return of income Company or firm 139(1) Any income/loss

Public Provident Fund - Best investment destination

Posted by Sensys Technologies 01 May 2015 23720 Views

Introduction PPF is money that will be yours forever. Knowledge of the different features of the PPF account will help you when you want to take a loan against the account, withdraw from the account, re-activate a discontinued account etc. Here an a

CBEC clarifies - Clearance from DTA to SEZ is Export and eligible for rebate of duty

Posted by Bimal Jain 01 May 2015 17851 Views

Dear Professional Colleague, CBEC clarifies - Clearance from DTA to SEZ is Export and eligible for rebate of duty Background: In the Union Budget, 2015 vide Notification No. 06/2015-C.E. (N.T.) dated March 1, 2015 (Effective from March 1, 2015), E

Revised procedure for MVAT registration

Posted by Mahendra Borhade 01 May 2015 23973 Views

Revised Procedure for MVAT\CST\PTRC\PTEC Registration by way of introduction to common e-Registration Form :Background : Initially separate applications were required to be made with the Registering Authorities for registration under MVAT, CST and PT

Taxation of Forex profit and loss under section 43A

Posted by Manish Kumar Agarwal 30 April 2015 77688 Views

From the ACT. Notwithstanding anything contained in any other provision of this Act, where an assessee has acquired any asset in any previous year from a country outside India for the purposes of his business or profession and, in consequence of a c

How to open PPF Account

Posted by Sensys Technologies 30 April 2015 25009 Views

How to open a PPF account Step 1: Head over to your nearest State Bank of India branch, or a branch of any of State Bank's subsidiaries. You can also open an account in select nationalized banks and the post office. Further, some private banks such a

Just Finish Whatever You Start

Posted by Nimish Goel 29 April 2015 35670 Views

My son has started learning soccer and when he went for his first class we went along with him. It was a good Sunday morning with nice cool breeze and bright sunshine. A perfect weekend day to start with a sport. After he started playing with his coa

DVAT Registration procedure Simplified

Posted by CS Kundan Mishra 29 April 2015 32180 Views

DVAT Registration procedure Simplified-CS Kundan Mishra Delhi Value Added Tax Act, 2004, (hereinafter called DVAT Act) is a multi-stage tax on sale of goods, work contract, lease and hire purchase in Delhi. Delhi Value Added Tax Act, 2004 replaced