CAclubindia Articles

Value of materials not includible in the value of services

Posted by Bimal Jain 05 December 2014 12458 Views

Dear Professional Colleague,Value of materials not includible in the value of services where the Agreement quantifies the value of materials separately from the value of services renderedWe are sharing with you an important judgement of the Hon&rsquo

Draft exemption notifications on private limited company

Posted by CA Nitesh Kumar More 05 December 2014 18599 Views

1. Comments: In case of Private Ltd Companies, its holding, subsidiary or an associate company or other subsidiary of its holding company will not be treated as related party. Chapter I, sub-clause (viii) of clause (76) of section 2 shall not apply

Inputs lost during manufacturing does not amount to receipt of Inputs in short quantity

Posted by Bimal Jain 04 December 2014 12587 Views

Dear Professional Colleague,Inputs lost during manufacturing does not amount to receipt of Inputs in short quantity and accordingly whatever tax has been paid by Assessee on Inward Transportation service is entitled for Input Service credit We are sh

What to do after Exams? (Part -2)

Posted by SANYAM ARORA 03 December 2014 27603 Views

Greetings of the day to all the members of CCI Family. First of all I would like to thanks each member of CCI for such an amazing response to my previous part i.e. What to do after exams? The link of the first part is given as

AS 17 Segment reporting (An Overview)

Posted by Narayanan 03 December 2014 140139 Views

Why is it required ?For a clearer understanding of the performances of segments.Scope :For General Purpose Financial Statements or Consolidated Financial Statements. If Financ

What you should know about GST

Posted by CA Sagar Khubchandani 03 December 2014 35331 Views

If there is most discussed and delayed tax reform in India,it is GST (Goods and Service Tax).Although many are aware of what GST is all about and advantages associated with it, there are still latent facts which you may not be aware of.We will discus

Mistakes which I had done, one should not do

Posted by Madhusudan Kabra 03 December 2014 21931 Views

I am writing this article especially for students of ICAI, ICSI, ICAI (CMA). This article is summarization of what strategies I had made while preparing for CA examinations, which my friends havent applied and later on suffered a lot particula

Foreign exchange fluctuation treatment in income tax

Posted by Gagan Deep Singh 02 December 2014 99421 Views

As we know todays world is dominated by globalization in which geographical boundaries of business houses has spread beyond its countries also. As a consequence of which, exchange fluctuation

Update on Indirect Tax - Service Tax and Excise for the month of Dec 2014

Posted by TARUN KUMAR GUPTA 02 December 2014 17823 Views

A. Service Tax 1. Service Tax payment for the month of November, 2014 is due for payment on 6th December, 2014 for assesses excluding Individual, Proprietary Firm, Partnership Firm or LLP. It is now mandatory for all assesses w.e.f. October 1, 2014,

Whether security provided by government to Tea Plantation owners in Assam in order to protect from terrorists liable to ST?

Posted by CA Nischal Agarwal 02 December 2014 6647 Views

McleodRussel (India) Limited having its registered office at 4, Mangoe Lane, Kolkata has tea plantations in the state of assam and the area is highly volatile and acts of vandalism being carried out by terrorists. The consortium of tea plantation own