CAclubindia Articles

Highlights of FTP: 2015-20

Posted by Sunit Chhatbar 11 April 2015 21158 Views

Pleased to inform you that the Government of India, Ministry of Commerce and Industry has announced New Foreign Trade Policy 2015-20 on 01.04.2015 with an objective to provide stable and sustainable policy environment for Foreign Trade in merchandise

Best of Judgement and Principles of Natural justice

Posted by RENGARAJ R.K 10 April 2015 12313 Views

BEST OF JUDGEMENT AND PRINCIPLES OF NATURAL JUSTICE UNDER TNVAT Act, 2006INTRODUCTION:In the recent times, many writ petitions have been filed before the Honble Madras High Court seeking intervention of the High Court an

Land Bill: The Harbinger of Achche Din- Is It?

Posted by akash gupta 10 April 2015 6037 Views

The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill, 2015, better known as the Land Bill, recently presented in the Parliament has once again brought to the forefront the divided opini

Auditors report for 2014-15- FAQ

Posted by CA Sripriya K 10 April 2015 41164 Views

There have been several mails and calls seeking clarifications on the Auditors Report to be issued for the period ended March 31, 2015. I summarise the issues as under in the form of an FAQ. What is the present ( as at April 9, 2015 ) position on Aud

Expulsion - Clauses

Posted by Nidhi Agnihotri 10 April 2015 22413 Views

AS PER PARTNERSHIP ACT 1932Section33 EXPULSION OF A PARTNER. (1) A partner may not be expelled from a firm by any majority of the partners, save in the exercise in good faith or powers conferred by contract between the partners. (2)

Demand of Service tax on the amount credited/ debited to suspense

Posted by Bimal Jain 02 May 2021 17276 Views

Dear Professional Colleague,Demand of Service tax on the amount credited/ debited to suspense account for the period prior to May 10, 2008 is not exigible to Service taxWe are sharing with you an important judgment of Honble CESTAT, Chennai, i

Key Highlights of Foreign Trade Policy 2015-2019

Posted by CA. Dau Daga 09 April 2015 11856 Views

The much awaited Foreign Trade Policy was released by the Commerce Minister Nirmala Sitharaman on 1 st April 2015. Amendments in DGFT Notifications Merchandise Exports from India Scheme (MEIS) - Schedu

Analysis of Amendments in Cenvat Credit Rules, 2004

Posted by Sushil Kr Goyal 09 April 2015 19775 Views

The Honble Finance Minister presented the Union Budget for 2015-16 on 28th February, 2015. He claimed that The credibility of the Indian economy has been re-established. In the taxation front, with this budget also, it can be

Synopsis of TDS on Contracts (u/s 194C)

Posted by CMA Poornima Madhava 08 April 2015 50324 Views

Persons responsible for making payment of income, covered by the scheme of Tax Deduction at Source (TDS), are responsible to deduct tax at source and deposit the same to the Government Treasury within the time stipulated.The recipient of the income (

Increase in time limit for availing Cenvat credit on Input services and Inputs

Posted by Bimal Jain 06 April 2015 37712 Views

Dear Professional Colleague,Increase in time limit for availing Cenvat credit on Input services and Inputs Whether applicable on invoices issued prior to March 1, 2015?Till September 1, 2014, there was no time limit prescribed under the Cenva