CAclubindia Articles

Taxation Aspects of Union Budget 2014

Posted by CA UMESH DULAL 10 July 2014 29669 Views

Income Tax Provision of Advance Tax Ruling applicable to Residents. Scope of Income Tax Settlement Commission widens. Basic limit of Exemption increased to 2.50 lac. In case of Senior Citizen, it is increased to 3.00 lac. No changes of Income Tax rat

Service Tax Budget Changes 2014-15

Posted by Akshay Garg 10 July 2014 88089 Views

Sale of space or time for advertisements on segments such as internet websites, out-of-home media, on film screen in theatres, bill boards, conveyances, buildings, cell phones, Automated Teller Machines, tickets, commercial publications, aerial adve

Direct and Indirect Tax Proposals in Budget 2014

Posted by Guest 10 July 2014 45424 Views

DIRECT TAXES PROPOSALS: Personal Income-tax exemption limit raised by ` 50,000/- that is, from 2 lakh to `2.5 lakh in the case of individual taxpayers, below the age of 60 years. Exemption limit raised from ` 2.5 lakh to ` 3 lakh in the case o

What are the key features of Budget 2014-2015?

Posted by Guest 10 July 2014 27554 Views

THE CURRENT ECONOMIC SITUATION AND THE CHALLENGES Decisive vote for change represents the desire of the people to grow, free themselves from the curse of poverty and use the opportunity provided by the society. Country in no mood to suffer une

The Great Expectations

Posted by Anjani Kumar Sharma 08 July 2014 15810 Views

The launching of all programs depends first and foremost on the resources of the treasury. (Arthashastra, Kautilya) Therefore for a robust economy, a progressive budget is an imperative. The count down for the budget has be

Budget 2014: Numbers that will matter the most

Posted by Satvir Singh 08 July 2014 14811 Views

10th July, 2014 is the day Finance Minister Arun Jaitley will present maiden budget of Modi government. Emphatic election win on the backdrop of massive campaign which promised moon to the citizens means the hopes from new government is very high. Bu

Budget wows: Why one who pays tax only suffers?

Posted by CA Umesh Sharma 08 July 2014 9401 Views

Karniti Part-44: Why one who pays tax only suffers? Arjuna (Fictional Character): Krishna, currently everywhere discussions are going on about the upcoming Budget. But Krishna, most of the taxpayers feel that the tax burden should be minimize

Open letter to Prime Minister

Posted by SANJAY KUMAR DEY 08 July 2014 11219 Views

Respected Prime Minister Sri Narendra Modi Ji, Im a mediocre salaried class always dream to own the things which I aspire or looks around.In the new age mass communica

5 advantages of using cloud accounting software

Posted by guru 08 July 2014 11887 Views

Any business can be managed efficiently by using business automation software. There are 2 types of software which a business owner can utilize namely Desktop software and Online software (Cloud software). Traditionally Indian companies have been use

No time limit for SAD Refund

Posted by Sandeep garg 08 July 2014 32110 Views

SONY INDIA PVT LTDVS.THE COMMISIONER OF CUSTOM, NEW DELHI(In the High Court of DELHI) SAD Refund: Limitation Period is not applicable. Statutory provisions: According to Notification No: 102/2007-Customs, a trader is allowed refund of SAD (i