CAclubindia Articles

Guideline value on the sale of a property & exemption

Posted by Shrinivas (CA, LLB, CISA) 09 March 2015 20275 Views

Land, one of the wonderful gifts of nature is now an item subject to taxes when the land is transferred from one person to another. The next question in hand is, what is the amount on which the taxes are to be paid?Mr. ABC, who resided in Mumbai, sol

Consequence on default in TDS

Posted by SAMEER AHMED 09 March 2015 28209 Views

Here we will get to understand that what defaults are oftenly occurs in TDS and how we can prevent ourselves from the penalties and fines in TDS under section 201(1), 201(1A) and 234E of Income tax act 1961.If we do a bit

Summary of important changes in service tax proposed by budget 2015-16

Posted by CA NARAYAN AGARWAL 09 March 2015 28590 Views

SUMMARY OF IMPORTANT CHANGES IN SERVICE TAX MADE/PROPOSED BY BUDGET 2015-16 I. Changes in Finance Act, 1994 To be effective from a date to be notified by the Central Government after the enactment of the Finance Bill, 2015:- 1. Service Tax Rate a. Th

How the Union Budget impacts you?

Posted by Anurag 09 March 2015 11513 Views

Union Budget 2015-16We view this as one of the most progressive budgets w.r.t. Make in India & Skill Building Macro-Economic headwindsMacro-vulnerability index (MVI) thatcombines a countrys fiscal deficit, current account deficit, a

An Ode to Women Professionals

Posted by Anjani Kumar Sharma 08 March 2015 15964 Views

या देवी सर्वभुतेषु CA रूपेण संस्थिता । नमस्तस्यै नमस्तस्यै नमस्तस्यै नमो नमः II (To the Divine Woman, who resides in all existence in the form of a Chartered Accountant, We bow to her, we bow to her, and continually we bow to her) Parents in India c

Change in MRP based valuation in Central Excise

Posted by CA. Dau Daga 07 March 2015 39175 Views

Amendments in Third Schedule to the Central Excise Act, 1944 In budget, 2015 there is some change in notification no 49/2008-C.E. (N.T.), dated 24-12-2008 vide notification no 3/2015-C.E. (N.T.) clause 103 of the finance Bill, 2015:- By virtue of dec

Refund for deemed exports

Posted by Pradeep Jain 07 March 2015 18889 Views

Old practice of Government-High Court Decision undone!! Introduction:- It is a very old tactic followed by the government that when the interpretation taken by High Court or Supreme Court on an issue is consistently held against the revenue, the best

Gratuity

Posted by CMA Poornima Madhava 07 March 2015 26270 Views

What is Gratuity? Gratuity is a kind of retirement benefit. It is earned by an employee as a reward for long and meritorious service It is payable on termination of employment after the employee has rendered continuous service for not less than 5 yea

Place of effective management: Critical analysis

Posted by CA Rohit Gupta 07 March 2015 12888 Views

PLACE Of EFFECTIVE MANAGEMENT : Corporate Tax Residence in India: Analysis and Safeguards The India Budget,2015 has proposed the amendment of Section 6 of the Income Tax Act which alters the conditions under which a company is resident in India by in

Budget Highlights

Posted by CAkanhaiya Jha 07 March 2015 17483 Views

BUDGET HIGHLIGHTS DIRECT TAXES Wealth tax replaced with additional surcharge of 2per cent on super rich with a taxable income of over Rs.1crore annually. No change in rate of personal income tax. Transport allowance increased from 800 to 1600 pm. P