CAclubindia Articles

Suggestions for the Budget 2015-16

Posted by CA Satish Badve 20 January 2015 9734 Views

Suggestions For This Budget: 1. Honor those Who are Ranked in Top: This suggestion is made to give due respect to the citizens of India who comply with the pr

Power of Never giving up made CA

Posted by Krishna Niraula 20 January 2015 19968 Views

I am writing this article especially for those students who felt much low despite their brilliancy and failed to clear this time in CA Final. I am not writing this article being boastful that I passed with good marks this time, but to give an example

Evolution of WCT

Posted by Kaushik Vinod 20 January 2015 14467 Views

EVOLUTION OF WORKS CONTRACT TAX (WCT) BACKGROUND:This article is basically written to give you understanding of evolution of works contract tax in India and its entire journey from beginning till date. Before I take you into the mid of ocean we have

MVAT Dealers, Have you checked the new "Dealer Information System"?

Posted by CA Umesh Sharma 20 January 2015 13628 Views

Karniti Part 72MVAT Dealers,Have you checked the new "Dealer Information System"?Arjuna (Fictional Character): Krishna, Sales Tax Department has introduced a new "Dealer Information System". What is it? And what should every dealer do about it? Kris

On Your Mark, Get set, Go !!

Posted by CA Harsh Kothari 19 January 2015 14904 Views

At the outset, I take this opportunity to congratulate everyone who cleared their CA Final and CPT examinations.This article is written for fresh, new, enthusiastic, excited and proud students who cleared their CA Final examinations and have now ent

Dedicated to The Institute and The Chartered Accountants

Posted by Sahil Jolly 19 January 2015 12308 Views

Dedicated to The Institute of Chartered Accountants of India and The Chartered Accountants I will start with our Motto,With regard to the Institute and its members in toto. That person who is awake in those that sleep,Works day and night to take a g

Incorporation of a private limited company under Co. Act,2013

Posted by CS Umesh Navani 19 January 2015 22893 Views

The Companies Act, 2013 has put more formalities on incorporation of a company. Consequently, the cost for incorporation of a company has increased. Following is the process for incorporation of a private Limited company. Step 1-Procuring Director Id

Is reversal of input tax credit maintainable when the selling dealer's RC is cancelled?

Posted by RENGARAJ R.K 17 January 2015 22244 Views

Introduction: When a dealer purchases his inputs from his vendor and claims the eligible Input Tax Credit (ITC), with a bonafide beli

Job work-Valuation under Central Excise

Posted by PRADEEP REDDY 17 January 2015 29124 Views

A job work transaction triggers Excise Duty liability if the process involves manufacture. The consequent question that arises is how to determine assessable value of the goods involved.

Interesting View on Falling Crude Prices

Posted by CA Arindam Shukla 17 January 2015 60460 Views

Falling Crude Prices Hidden advantage to OPEC AbstractIts first time after the 2008 crisis when the Crude oil Price has declined so much. Crude oil prices have declined to $47 per barrel in the past Quarter making it difficult for