CAclubindia Articles

Interest to be allowed on delayed refund by Dept.

Posted by Bimal Jain 30 June 2014 7050 Views

Waiver of interest by assessee does not detract Revenues statutory obligation to grant interest on belated refundWe are sharing with you an important judgement of the Honble High Court of Allahabad, in the case of Shree Balaji Aromatics

A No to Companies Act, 2013

Posted by Pritesh 30 June 2014 7030 Views

Dear Friends, As we all know , the provisions of Companies Act,2013 has hampered the survival of the small & medium Pvt.Ltd. companies, we would like you all to share and forward this message amongst the C.A. community as

The Union Budget-2014 - Expectations from the Salaried Case

Posted by CMA Ramesh Krishnan 30 June 2014 8797 Views

Introduction: Union Budget for the year 2014-15 going to be presented by the Finance Minister during forth coming budget session in the Parliament. Increase the economic growth &

The Best thing that happened to me

Posted by Arjun Hemmady 30 June 2014 7189 Views

As I sit on this hot and humid June evening, Im reminiscing about the experiences of the last couple of years, which have been tough and definitely far from ideal. But without those experiences, I would never

Solution to restricted use of email ID for 4 times only on IT E-filing Website

Posted by CA Tejas Andharia 27 June 2014 37956 Views

Recently, on www.incometaxindiaefiling.gov.in , assessee is compulsorily required to get its email ID and password registered. Further, maximum permissible usage of each of them is 4 times only. We know that most of the assessees in India do not ha

Impact of Credit Notes on Tax Credit of Purchaser

Posted by Rakesh Garg 27 June 2014 25387 Views

Receipt of Credit Notes from the Seller Impact on Tax Credit of the Purchaser under the Delhi VAT Act[by Rakesh Garg, Author & Consultant]A. IntroductionDelhi, being the trading centre, issuance of credit notes in respect of discou

Excise duty cut for Auto, CG, etc., extended upto Dec, 2014

Posted by Bimal Jain 27 June 2014 10655 Views

Excise duty cut for Auto, Capital goods, Consumer durables extended till Dec 31, 2014In the Interim Union Budget 2014 on 17th February, 2014, the Government had reduced the Excise duty on: Small cars, motorcycles, scooters, three wheelers and c

FDI and its Possible Consequences on Defence

Posted by NILA REJESH P 27 June 2014 26525 Views

Nowadays, India government has taken initiatives to raise FDI in defence sector to 100%. Only 26 % of FDI is allowed in defence so far. The Draft Cabinet Note prepared by Department of Industrial Policy and

Complicacies in VAT on Works Contract

Posted by PAWAN KUMAR KEDIA 27 June 2014 31656 Views

VAT on Works Contract in Rajasthan and Complicacies in tax computation. IntroductionWorks contract is a contract for carrying out some work for a lump sum consideration. The transfer of property in the goods involved in the execution of the works c

TDS - is not tedious

Posted by Vandana Saluja 26 June 2014 18614 Views

1. Background of deduction of tax at source 1.1 What is Tax Deducted at source i.e TDS? TDS is one of the modes of collection of taxes, by which a certain percentage of amounts are deducted by a person at the time of making/crediting certain specific